Many non-Indonesian buyers are discovering that they can invest in real estate in Bali while holding a tourist visa. Though this might appear surprising, the process is fully legal under specific rules.
### How It Works
Technically, non-citizens cannot legally own land in Buy Villa Bali Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term leasehold system. This grants international buyers the ability to occupy the property for a set period, typically up to 25 or 30 years, with options to renew.
If you’re in Bali with a tourist visa, there’s still the opportunity to engage in these arrangements. This happens as the process of purchasing in Bali doesn’t require a long-term visa—you only need your copyright and some paperwork. But, it’s advised that you work with a qualified notary or professional real estate agent to make sure the process is handled correctly.
### Leasehold vs Freehold
Since foreign buyers aren’t allowed to buy freehold, the primary legal structure for foreigners is a leasehold arrangement. This allows the foreign buyer to lease land for a fixed duration, at the end of which they can opt to extend the lease.
While freehold ownership isn’t available to foreigners, leasing still provides a lot of benefits. Conditions can be negotiated between the buyer and the seller, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Understanding the legal aspects can be confusing, especially for foreigners. That’s which is why working with a trusted notary and a lawyer is important. They can help you understand the details of the law and make sure that the deal is fully compliant with Indonesian law.
It’s recommended to hire a trusted real estate agent who has expertise in the market and is experienced in handling foreign clients. This will help you stay clear of common issues and get the best deal on your property purchase.
### The Benefits of Buying Property in Bali
In light of the leasehold restrictions, investing in property Buy Villa Bali in Bali continues to be a popular option for international investors. The island’s growing tourism sector, rising property values, and appealing island lifestyle make it an excellent investment.
A number of expats see Bali as a perfect place for vacation properties or rental investments. By securing proper legal support, foreigners can safely make property investments and benefit from Bali’s real estate market.
To sum up, while foreigners can’t own freehold property, there are clear ways for international buyers to invest in Bali through leasehold agreements, without needing a residency permit.