Many non-Indonesian buyers are discovering that it’s possible to buy property in Bali even on a tourist visa. Though this might appear surprising, the process is fully 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 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, there’s still the opportunity to engage in these arrangements. This happens as buying property in Bali doesn’t mandate a residency visa—all you need is your copyright and some paperwork. However, it’s advised that you work with a qualified notary or professional real estate agent to make sure the process is handled correctly.
### Understanding Leasehold Property
As foreign investors aren’t allowed to buy freehold, the most common legal structure for non-Indonesians is a leasehold arrangement. This provides the foreign buyer to lease the property for a fixed period, at the end of which they can choose to renew the lease.
While freehold ownership isn’t available to foreigners, leasing still provides a lot of benefits. The terms 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 the legal aspects can be complex, particularly for foreigners. That’s why consulting a reliable notary and a lawyer is important. They can help you understand the details of the law and ensure 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 the market and has experience with foreign buyers. This ensures you avoid any pitfalls and secure a good deal on your property purchase.
### The Benefits of Buying Property in Bali
In light of the leasehold restrictions, investing in property bali villa for sale in Bali continues to be a popular option for foreigners. 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 safely purchase property and benefit from Bali’s real estate market.
In conclusion, while foreigners can’t own freehold property, many are discovering legal pathways for foreigners to acquire property in Bali through leasehold agreements, without needing a residency permit.