Many non-Indonesian buyers are discovering that they can buy property in Bali while holding a tourist visa. While this may seem surprising, the process is fully legal under certain conditions.
### The Buying Process
Technically, non-citizens are not allowed to legally own land in bali villa for sale Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to purchase property under a long-term leasehold system. This grants foreigners the ability to use the land for a set period, usually up to 25 or 30 years, with options to renew.
If you’re on a tourist visa, there’s still the opportunity to engage in these arrangements. 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 highly recommended that you seek help from a qualified notary or professional real estate agent to make sure everything is above board.
### Leasehold vs Freehold
Since foreign buyers aren’t allowed to buy freehold, the primary form of ownership for foreigners is the leasehold. This allows the foreign buyer to lease the property for a long-term duration, after which they can choose to renew the lease.
While freehold ownership isn’t available to foreigners, a leasehold agreement still offers many advantages. Conditions can be worked out between the investor and the landowner, and you can even pass on the lease to family members.
### Seeking Professional Help
Understanding 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 details of the law and make sure that the property transaction is fully compliant with local legislation.
It’s also advisable 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 get the best deal on your property purchase.
### The Benefits of Buying Property in Bali
In light of the leasehold restrictions, buying property villa bali sale in Bali remains highly attractive for international investors. The island’s booming tourism industry, rising property values, and appealing island lifestyle make it an excellent investment.
A number of expats view the island as an ideal location for vacation properties or rental investments. With the right legal assistance, international buyers can safely purchase property and benefit from Bali’s real estate market.
In conclusion, although direct freehold ownership is off-limits, there are legal pathways for foreigners to acquire property in Bali through leasehold agreements, without needing a residency permit.