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, typically up to 25 or 30 years, with options to renew.
For those on a tourist visa, it’s still possible 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 highly recommended 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 provides the foreign buyer to lease land for a fixed duration, after 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 worked out between the buyer and the seller, and you can even pass on the lease to family members.
### Legal Assistance
Understanding the legal aspects can be complex, particularly for foreigners. That’s which is why working with a trusted notary and a lawyer is important. They can help you understand the specific regulations and ensure that the property transaction is fully compliant with Indonesian law.
It’s recommended to hire a qualified property agent who understands Bali’s real estate market and is experienced in handling foreign clients. This will help you stay clear of common issues and get the best deal on your investment.
### Why Consider Bali Real Estate?
Despite the foreign ownership limitations, buying property villa bali sale in Bali remains highly attractive for international investors. The island’s growing tourism sector, rising property values, and appealing island lifestyle make it a prime investment opportunity.
Many expats view the island as an ideal location for holiday homes 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 using the leasehold system, even with a long-term visa.