Foreigners Can Buy Property in Bali

Foreigners Can Buy Property in Bali

Blog Article

Foreigners Can Buy Property in The island of Bali
Many non-Indonesian buyers have found that it’s possible to buy property in Bali even on a tourist visa. While this may seem unusual, it’s entirely legal under certain conditions.

### How It Works

Technically, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives foreigners the right to occupy the property for a fixed term, typically up to 25 or 30 years, with options to renew.

For those on a tourist visa, there’s still the opportunity to engage in these arrangements. This happens as buying property 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 everything is above board.

### Leasehold vs Freehold

As foreign investors aren’t allowed to buy freehold, the primary legal structure for non-Indonesians is a leasehold arrangement. This allows the foreign buyer to lease land for a long-term duration, at the end of which they can choose to renew the lease.

While freehold ownership isn’t available to foreigners, leasing still offers a lot of benefits. Conditions can be negotiated between the investor and the seller, and you can even transfer the leasehold rights to your heirs.

### Legal Assistance

Understanding the legal aspects can be confusing, especially for those unfamiliar with the regulations. 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 in compliance with local legislation.

It’s also advisable to work with a qualified property agent who understands Bali’s real estate 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?

Despite the foreign ownership limitations, buying property bali villa for sale in Bali remains highly attractive for foreigners. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle turn it into an excellent investment.

Many expats view the island as an ideal location for vacation properties or income-generating properties. With the right legal assistance, international buyers can securely purchase property and enjoy the gains of Bali’s growing property market.

In conclusion, although direct freehold ownership is off-limits, many are discovering legal pathways for foreigners to acquire property in Bali through leasehold agreements, even with a residency permit.