A growing number of foreigners have found that they can invest in real estate in Bali while on a tourist visa. While this may seem unusual, the process is fully legal under specific rules.
### The Buying Process
Technically, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This grants international buyers the ability to occupy the property for a fixed term, usually up to several decades, with renewal options.
If you’re in Bali with a tourist visa, it’s still possible to enter into such agreements. This is because the process of purchasing in Bali doesn’t require a long-term visa—all you need is your copyright and some paperwork. But, it’s highly recommended that you seek help from a reputable notary or professional real estate agent to ensure the process is handled correctly.
### Leasehold vs Freehold
Since foreign buyers cannot own freehold property, the most common legal structure for non-Indonesians is a leasehold arrangement. This provides the foreign buyer to lease the property for a long-term period, at the end of which they can choose to renew the lease.
While freehold ownership isn’t available to foreigners, leasing still provides many advantages. The terms can be worked out between the investor and the landowner, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Navigating Indonesian property law can be confusing, especially for those unfamiliar with the regulations. That’s which is why working with a reliable notary and legal expert is crucial. They can help you understand the details of the law and make sure that the property transaction is fully compliant with Indonesian law.
It’s also advisable to work with a trusted real estate agent who has expertise in Bali’s real estate market and has experience with foreign buyers. This will help you stay clear of common issues and get the best deal on your property purchase.
### Why Consider Bali Real Estate?
Despite the foreign ownership limitations, buying property villa bali sale in Bali remains highly attractive for international investors. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle turn it into an excellent investment.
A number of expats see Bali as a perfect place for holiday homes or income-generating properties. With the right legal assistance, international buyers can securely purchase property and benefit from Bali’s real estate market.
To sum up, while foreigners can’t own freehold property, there are clear ways for foreigners to acquire property in Bali using the leasehold system, even with a residency permit.