A growing number of non-Indonesian buyers have found that they can buy property in Bali even holding a tourist visa. Though this might appear surprising, the process is fully legal under certain conditions.
### The Buying Process
Technically, non-citizens cannot own land directly in Buy Villa Bali Indonesia. However, with proper legal structures, foreigners can acquire real estate under a long-term leasehold system. This gives international buyers the right to use the land for a fixed term, typically up to 25 or 30 years, with renewal options.
For those on a tourist visa, there’s still the opportunity to enter into such agreements. This is because buying property in Bali doesn’t require a long-term visa—all you need is your copyright and some paperwork. However, it’s advised that you seek help from a reputable notary or professional real estate agent to ensure everything is above board.
### Understanding Leasehold Property
As foreign investors cannot own freehold property, the most common legal structure for non-Indonesians is a leasehold arrangement. This provides the non-Indonesian owner to lease land for a long-term duration, after which they can opt to extend the lease.
Owning property outright remains restricted for non-citizens, leasing still provides many advantages. Conditions can be worked out between the investor and the seller, and you can even transfer the leasehold rights to family members.
### Legal Assistance
Navigating the legal aspects can be confusing, especially for those unfamiliar with the regulations. That’s which is why consulting a trusted notary and legal expert is important. They can help you understand the specific regulations and make sure that the property transaction is in compliance with local legislation.
It’s recommended to work with a qualified property agent who has expertise in the market and has experience with foreign buyers. This will help you avoid any pitfalls and secure a good deal on your property purchase.
### Why Consider Bali Real Estate?
Despite the leasehold restrictions, investing in property villa bali sale in Bali continues to be a popular option for foreigners. The island’s growing tourism sector, increasing real estate prices, and tropical lifestyle turn it into a prime investment opportunity.
Many expats see Bali as a perfect place for holiday homes or income-generating properties. By securing proper legal support, foreigners can securely purchase property and benefit from Bali’s real estate market.
In conclusion, although direct freehold ownership is off-limits, there are clear ways for foreigners to acquire property in Bali using the leasehold system, even with a residency permit.