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
A growing number of foreigners have found that it’s possible to buy property in Bali while on a tourist visa. Though this might appear unusual, the process is fully legal under specific rules.

### How It Works

From a legal standpoint, foreigners are not allowed to legally own land in Buy Villa Bali Indonesia. However, with proper legal structures, foreigners can acquire real estate under a long-term lease agreement. This gives international buyers the ability to use the land for a set period, usually up to several decades, with options to renew.

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 valid identification. But, it’s highly recommended that you seek help from a reputable notary or property agent to ensure everything is above board.

### Understanding Leasehold Property

As foreign investors aren’t allowed to buy freehold, the primary legal structure 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 remains restricted for non-citizens, a leasehold agreement still offers a lot of benefits. The terms can be negotiated between the buyer and the landowner, and you can even pass on the lease to family members.

### Seeking Professional Help

Understanding Indonesian property law can be confusing, especially for foreigners. That’s why working with a trusted notary and legal expert is important. They can help you understand the specific regulations and make sure that the deal is fully compliant with local legislation.

It’s also advisable to hire a trusted real estate agent who has expertise in Bali’s real estate market and is experienced in handling foreign clients. This will help you avoid any pitfalls and secure a good deal on your property purchase.

### The Benefits of Buying Property in Bali

Despite the foreign ownership limitations, 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 appealing island lifestyle make it a prime investment opportunity.

A number of expats see Bali as a perfect place for holiday homes or rental investments. By securing proper legal support, foreigners can securely purchase property and benefit from Bali’s real estate market.

To sum up, 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.