A growing number of non-Indonesian buyers are discovering that it’s possible to buy property in Bali even holding a tourist visa. While this may seem surprising, it’s entirely legal under certain conditions.
### The Buying Process
From a legal standpoint, foreigners are not allowed to legally own land in Buy Villa Bali Indonesia. However, with proper legal structures, 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 renewal options.
If you’re on a tourist visa, it’s still possible to engage in these arrangements. This happens as buying property in Bali doesn’t require a residency visa—you only need your copyright and some paperwork. However, it’s highly recommended that you seek help from a reputable 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 most common legal structure for foreigners is the leasehold. This allows the foreign buyer to lease land for a fixed period, at the end of which they can opt to extend the lease.
Owning property outright remains restricted for non-citizens, leasing still offers a lot of benefits. The terms can be negotiated between the investor and the seller, and in some cases, you might transfer the leasehold rights to your heirs.
### Legal Assistance
Navigating the legal aspects can be complex, 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 specific regulations and make sure that the deal is fully compliant with Indonesian law.
It’s also advisable to work with a qualified property agent who understands the market and has experience with foreign buyers. This ensures you stay clear of common issues and get the best deal on your property purchase.
### Why Consider Bali Real Estate?
Despite the foreign ownership limitations, investing in property Buy Villa Bali in Bali remains highly attractive for international investors. The island’s growing tourism sector, increasing real estate prices, and tropical lifestyle turn it into an excellent investment.
A number of expats view the island as an ideal location for holiday homes or income-generating properties. By securing proper legal support, foreigners can securely purchase property and enjoy the gains of Bali’s growing property market.
In conclusion, although direct freehold ownership is off-limits, there are clear ways for foreigners to acquire property in Bali through leasehold agreements, without needing a long-term visa.