Foreigners Can Buy Property in The island of Bali

Foreigners Can Buy Property in The island of Bali

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Foreigners Can Buy Property in The island of Bali
Many foreigners are discovering that they can buy property in Bali while holding a tourist visa. While this may seem unusual, it’s entirely legal under certain conditions.

### The Buying Process

From a legal standpoint, foreigners cannot legally own land in bali villa for sale Indonesia. However, through a legal arrangement, foreigners can acquire real estate under a long-term lease agreement. This grants foreigners the right to occupy the property for a set period, usually up to 25 or 30 years, with renewal options.

For those in Bali with a tourist visa, it’s still possible to engage in these arrangements. This is because buying property in Bali doesn’t require a long-term visa—all you need is valid identification. However, it’s highly recommended that you seek help from a qualified notary or professional real estate agent to make sure everything is above board.

### Understanding Leasehold Property

As foreign investors aren’t allowed to buy freehold, the most common legal structure for foreigners is a leasehold arrangement. This provides the non-Indonesian owner to lease land for a fixed period, after which they can choose to renew the lease.

While freehold ownership remains restricted for non-citizens, leasing still provides many advantages. Conditions can be worked out between the investor and the landowner, and you can even pass on the lease to your heirs.

### Legal Assistance

Navigating the legal aspects can be confusing, particularly for those unfamiliar with the regulations. That’s which is why working with a reliable notary and a lawyer is important. They can guide you through the details of the law and make sure that the property transaction is fully compliant with local legislation.

It’s also advisable to hire a trusted real estate agent who understands Bali’s real estate market and is experienced in handling foreign clients. This ensures you avoid any pitfalls and get the best deal on your property purchase.

### Why Consider Bali Real Estate?

Despite the leasehold restrictions, investing in property bali villa for sale in Bali remains highly attractive for international investors. The island’s booming tourism industry, increasing real estate prices, and tropical lifestyle turn it into a prime investment opportunity.

Many expats see Bali as a perfect place for holiday homes or income-generating properties. By securing proper legal support, foreigners can safely make property investments and enjoy the gains of Bali’s growing property market.

In conclusion, although direct freehold ownership is off-limits, there are clear ways for international buyers to acquire property in Bali through leasehold agreements, even with a residency permit.