A growing number of non-Indonesian buyers are discovering that it’s possible to invest in real estate in Bali while holding a tourist visa. Though this might appear surprising, it’s entirely legal under certain conditions.
### How It Works
Technically, foreigners are not allowed to own land directly in Buy Villa Bali Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives international buyers the ability to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.
For those on a tourist visa, it’s still possible to enter into such agreements. This happens as buying property in Bali doesn’t mandate a long-term visa—you only need valid identification. But, it’s highly recommended that you seek help from a qualified notary or property agent to make sure the process is handled correctly.
### Understanding Leasehold Property
Since foreign buyers cannot own freehold property, the most common form of ownership for foreigners is the leasehold. This provides the non-Indonesian owner to lease the property for a fixed period, after which they can choose to renew the lease.
Owning property outright remains restricted for non-citizens, a leasehold agreement still provides many advantages. The terms can be worked out between the investor and the landowner, and in some cases, you might pass on the lease to your heirs.
### Seeking Professional Help
Navigating Indonesian property law can be complex, especially for those unfamiliar with the regulations. That’s why consulting a reliable notary and legal expert is crucial. They can help you understand the details of the law and make sure that the deal is in compliance with local legislation.
It’s also advisable to work with a trusted real estate agent who has expertise in the market and has experience with foreign buyers. This ensures you avoid any pitfalls and secure a good deal on your investment.
### Why Consider Bali Real Estate?
In light of the leasehold restrictions, investing in property bali villa for sale in Bali continues to be a popular option for foreigners. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle make it a prime investment opportunity.
Many expats view the island as a perfect place for holiday homes or income-generating properties. With the right legal assistance, foreigners can securely purchase property and enjoy the gains of Bali’s growing property market.
To sum up, while foreigners can’t own freehold property, many are discovering clear ways for foreigners to acquire property in Bali using the leasehold system, even with a long-term visa.