Many non-Indonesian buyers are discovering that it’s possible to invest in real estate in Bali while holding a tourist visa. While this may seem unusual, the process is fully legal under certain conditions.
### The Buying Process
From a legal standpoint, foreigners are not allowed to own land directly in Buy Villa Bali Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to purchase property under a long-term leasehold system. This gives foreigners the right to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.
For those on a tourist visa, there’s still the opportunity to enter into such agreements. This happens as the process of purchasing in Bali doesn’t mandate a residency visa—all you need is valid identification. However, it’s highly recommended that you work with a reputable notary or professional real estate agent to ensure the process is handled correctly.
### Understanding Leasehold Property
Since foreign buyers cannot own freehold property, the most common form of ownership for non-Indonesians is a leasehold arrangement. This allows the non-Indonesian owner to lease the property for a long-term duration, after which they can opt to extend the lease.
While freehold ownership isn’t available to foreigners, a leasehold agreement still offers many advantages. The terms can be negotiated between the buyer and the landowner, and you can even transfer the leasehold rights to your heirs.
### Seeking Professional Help
Navigating the legal aspects can be complex, especially for those unfamiliar with the regulations. That’s why consulting a trusted notary and legal expert is crucial. They can guide you through the details of the law and ensure that the deal is fully compliant with Indonesian law.
It’s also advisable 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 avoid any pitfalls and secure a good deal on your property purchase.
### The Benefits of Buying Property in Bali
Despite the foreign ownership limitations, investing in property bali villa for sale in Bali remains highly attractive for international investors. The island’s growing tourism sector, increasing real estate prices, and appealing island lifestyle turn it into a prime investment opportunity.
Many expats view the island as a perfect place for vacation properties or income-generating properties. By securing proper legal support, foreigners can safely make property investments and benefit from Bali’s real estate market.
In conclusion, although direct freehold ownership is off-limits, there are legal pathways for international buyers to invest in Bali using the leasehold system, even with a residency permit.