A growing number of non-Indonesian buyers are discovering that it’s possible to invest in real estate in Bali even holding a tourist visa. Though this might appear unusual, it’s entirely legal under specific rules.
### How It Works
Technically, foreigners are not allowed to legally own land in Buy Villa Bali Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to purchase property under a long-term lease agreement. This grants international buyers the ability to use the land for a set period, typically up to several decades, with options to renew.
If you’re on a tourist visa, it’s still possible to enter into such agreements. This is because buying property 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 cannot own freehold property, the most common legal structure for foreigners is a leasehold arrangement. This allows the foreign buyer to lease the property for a fixed period, at the end of which they can choose to renew the lease.
Owning property outright remains restricted for non-citizens, leasing still offers a lot of benefits. Conditions can be worked out between the buyer and the landowner, and in some cases, you might transfer the leasehold rights to your heirs.
### Legal Assistance
Understanding Indonesian property law can be complex, particularly for foreigners. That’s which is why working with a trusted notary and a lawyer is important. They can guide you through the specific regulations and ensure that the deal is in compliance with local legislation.
It’s also advisable 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 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 tropical lifestyle turn it into an excellent investment.
Many expats view the island as an ideal location for holiday homes or income-generating properties. With the right legal assistance, foreigners can securely make property investments and enjoy the gains of Bali’s growing property market.
To sum up, while foreigners can’t own freehold property, there are legal pathways for foreigners to invest in Bali through leasehold agreements, even with a long-term visa.