A growing number of non-Indonesian buyers have found that they can buy property in Bali while on a tourist visa. Though this might appear unusual, it’s entirely legal under certain conditions.
### How It Works
Technically, non-citizens cannot legally own land in bali villa for sale Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to acquire real estate under a long-term lease agreement. This gives international buyers the right to use the land for a fixed term, typically up to several decades, with renewal options.
For those in Bali with a tourist visa, there’s still the opportunity to enter into such agreements. This is because buying property in Bali doesn’t mandate a long-term visa—you only need your copyright and some paperwork. But, it’s advised that you work with 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 primary form of ownership for non-Indonesians is a leasehold arrangement. This provides the non-Indonesian owner to lease land for a fixed duration, after which they can choose to renew the lease.
While freehold ownership remains restricted for non-citizens, leasing still provides a lot of benefits. The terms can be negotiated between the buyer and the landowner, and in some cases, you might transfer the leasehold rights to family members.
### Legal Assistance
Navigating Indonesian property law can be complex, especially for those unfamiliar with the regulations. That’s which is why working with a trusted notary and legal expert is crucial. They can guide you through the details of the law and make sure that the deal is in compliance with Indonesian law.
It’s recommended to hire a qualified property 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 investment.
### Why Consider Bali Real Estate?
Despite the foreign ownership limitations, investing in property bali villa for sale in Bali remains highly attractive for foreigners. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle make it a prime investment opportunity.
Many expats see Bali as a perfect place for vacation properties or rental investments. By securing proper legal support, international buyers can safely purchase property and enjoy the gains of Bali’s growing property market.
In conclusion, while foreigners can’t own freehold property, many are discovering clear ways for foreigners to invest in Bali through leasehold agreements, even with a long-term visa.