Many non-Indonesian buyers have found that it’s possible to buy property in Bali even on a tourist visa. While this may seem unusual, the process is fully legal under specific rules.
### The Buying Process
From a legal standpoint, 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 enter into such agreements. This is because the process of purchasing in Bali doesn’t require a residency visa—all you need is your copyright and some paperwork. However, it’s advised that you seek help from a reputable notary or professional real estate 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 fixed duration, at the end of which they can opt to extend the lease.
While freehold ownership isn’t available to foreigners, leasing still offers a lot of benefits. Conditions can be negotiated between the buyer and the seller, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Understanding the legal aspects 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 property transaction is fully compliant with Indonesian law.
It’s recommended 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 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. The island’s growing tourism sector, rising property values, and appealing island lifestyle make it a prime investment opportunity.
A number of expats see Bali as a perfect place for holiday homes or income-generating properties. By securing proper legal support, 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, many are discovering clear ways for foreigners to acquire property in Bali using the leasehold system, even with a long-term visa.