A growing number of foreigners are discovering that it’s possible to invest in real estate in Bali while holding a tourist visa. While this may seem unusual, it’s entirely legal under certain conditions.
### How It Works
Technically, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, with proper legal structures, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This gives foreigners the right to use the land for a set period, usually up to several decades, with renewal options.
If you’re in Bali with a tourist visa, there’s still the opportunity to engage in these arrangements. 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 advised 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 cannot own freehold property, the primary form of ownership for foreigners is a leasehold arrangement. This provides the foreign buyer to lease the property for a fixed period, after which they can opt to extend the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still offers many advantages. Conditions can be negotiated between the investor and the seller, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Understanding the legal aspects can be confusing, 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 property transaction is fully compliant with Indonesian law.
It’s recommended to hire a qualified property agent who has expertise in the market and is experienced in handling foreign clients. This will help you stay clear of common issues and get the best deal on your property purchase.
### The Benefits of Buying Property in Bali
In light of the leasehold restrictions, investing in property Buy Villa Bali in Bali continues to be a popular option for foreigners. Bali’s booming tourism industry, rising property values, and appealing island lifestyle make it a prime investment opportunity.
Many expats see Bali as a perfect place for holiday homes or income-generating properties. With the right legal assistance, foreigners can securely purchase property and enjoy the gains of Bali’s growing property market.
To sum up, while foreigners can’t own freehold property, many are discovering clear ways for foreigners to acquire property in Bali using the leasehold system, even with a long-term visa.