Many non-Indonesian buyers have found that they can buy property in Bali even on a tourist visa. While this may seem unusual, it’s entirely legal under certain conditions.
### How It Works
Technically, foreigners are not allowed to own land directly in Buy Villa Bali Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives international buyers the ability to occupy the property for a fixed term, typically 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 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 property agent to ensure everything is above board.
### Understanding Leasehold Property
As foreign investors cannot own freehold property, the most common form of ownership for non-Indonesians is the leasehold. This provides the non-Indonesian owner to lease the property for a fixed period, after which they can opt to extend the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still provides a lot of benefits. Conditions can be worked out between the buyer and the seller, and you can even pass on the lease to family members.
### Legal Assistance
Understanding the legal aspects can be confusing, particularly for foreigners. That’s which is why working with a trusted notary and a lawyer is important. They can help you understand the details of the law and make sure that the deal is in compliance with local legislation.
It’s also advisable to work with 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 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. Bali’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 vacation properties or rental investments. By securing proper legal support, international buyers can safely make property investments and benefit from Bali’s real estate market.
To sum up, although direct freehold ownership is off-limits, there are legal pathways for international buyers to acquire property in Bali through leasehold agreements, even with a residency permit.