Foreigners Can Buy Property in The island of Bali

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Foreigners Can Buy Property in The island of Bali
Many foreigners have found that it’s possible to 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 bali villa for sale Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives foreigners the ability to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.

For those on a tourist visa, there’s still the opportunity to engage in these arrangements. This happens as buying property in Bali doesn’t require 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 ensure everything is above board.

### Leasehold vs Freehold

As foreign investors aren’t allowed to buy freehold, the primary legal structure for non-Indonesians is a leasehold arrangement. This allows the non-Indonesian owner to lease land for a long-term period, at the end of which they can choose to renew the lease.

While freehold ownership remains restricted for non-citizens, a leasehold agreement still offers many advantages. The terms can be worked out between the investor and the landowner, and in some cases, you might pass on the lease to your heirs.

### Legal Assistance

Navigating the legal aspects can be complex, 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 ensure that the property transaction is fully compliant with Indonesian law.

It’s recommended to hire a qualified property agent who understands Bali’s real estate 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 continues to be a popular option 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 holiday homes or income-generating properties. By securing proper legal support, foreigners can securely make property investments and benefit from Bali’s real estate market.

To sum up, while foreigners can’t own freehold property, there are clear ways for international buyers to invest in Bali through leasehold agreements, without needing a residency permit.