A growing number of non-Indonesian buyers have found that it’s possible to buy property in Bali even on a tourist visa. Though this might appear unusual, 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 foreigners the right to use the land 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 mandate a long-term visa—you only need valid identification. However, it’s advised that you seek help from a reputable notary or property agent to ensure everything is above board.
### Leasehold vs Freehold
As foreign investors aren’t allowed to buy freehold, the most common legal structure for non-Indonesians is a leasehold arrangement. This allows the foreign buyer to lease land for a long-term duration, after which they can choose to renew the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still provides a lot of benefits. Conditions can be negotiated between the investor and the seller, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Navigating Indonesian property law can be complex, particularly for foreigners. That’s why consulting a reliable notary and legal expert is important. They can guide you through the details of the law and make sure that the deal is fully compliant with local legislation.
It’s recommended to work with 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 secure a good deal on your property purchase.
### Why Consider Bali Real Estate?
In light of the foreign ownership limitations, investing in property bali villa for sale in Bali continues to be a popular option for foreigners. The island’s growing tourism sector, increasing real estate prices, and appealing island lifestyle turn it into a prime investment opportunity.
Many expats see Bali as an ideal location for holiday homes or rental investments. With the right legal assistance, international buyers can safely purchase property and enjoy the gains of Bali’s growing property market.
In conclusion, while foreigners can’t own freehold property, there are legal pathways for international buyers to invest in Bali using the leasehold system, without needing a residency permit.