A growing number of non-Indonesian buyers have found that they can invest in real estate in Bali even holding a tourist visa. While this may seem surprising, it’s entirely legal under specific rules.
### How It Works
Technically, non-citizens are not allowed to own land directly in Buy Villa Bali Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to purchase property under a long-term leasehold system. This gives foreigners the ability to use the land for a fixed term, typically up to 25 or 30 years, with renewal options.
If you’re on a tourist visa, there’s still the opportunity to engage in these arrangements. This is because the process of purchasing in Bali doesn’t mandate a residency visa—all you need is valid identification. However, it’s advised that you seek help from a reputable notary or professional real estate agent to ensure everything is above board.
### Understanding Leasehold Property
As foreign investors cannot own freehold property, the most common legal structure for foreigners is the leasehold. This allows the non-Indonesian owner to lease land for a fixed period, at the end of which they can opt to extend the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still offers a lot of benefits. The terms can be negotiated between the investor and the seller, and in some cases, you might transfer the leasehold rights to family members.
### Seeking Professional Help
Understanding Indonesian property law can be confusing, especially for foreigners. That’s why working with a reliable notary and legal expert is important. They can guide you through the details of the law and make sure that the property transaction is in compliance with local legislation.
It’s recommended to work with a trusted real estate agent who understands the market and has experience with foreign buyers. This ensures you stay clear of common issues and secure a good deal on your investment.
### The Benefits of Buying Property in Bali
In light of the foreign ownership limitations, buying property Buy Villa Bali in Bali continues to be a popular option for international investors. The island’s booming tourism industry, increasing real estate prices, and appealing island lifestyle make it a prime investment opportunity.
A number of expats see Bali as a perfect place for holiday homes or rental investments. By securing proper legal support, foreigners can safely make property investments and benefit from Bali’s real estate market.
In conclusion, although direct freehold ownership is off-limits, there are clear ways for foreigners to acquire property in Bali through leasehold agreements, without needing a long-term visa.