Foreigners Can Buy Property in Bali

Foreigners Can Buy Property in Bali

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Foreigners Can Buy Property in Bali
A growing number of foreigners have found that it’s possible to buy property in Bali even on a tourist visa. While this may seem unusual, the process is fully legal under specific rules.

### The Buying Process

From a legal standpoint, non-citizens cannot legally own land in villa bali sale Indonesia. However, with proper legal structures, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This grants international buyers the ability to use the land for a set period, typically up to 25 or 30 years, with renewal options.

If you’re in Bali with a tourist visa, there’s still the opportunity to engage in these arrangements. This happens as the process of purchasing in Bali doesn’t require a long-term visa—all you need is your copyright and some paperwork. But, it’s advised that you work with a qualified notary or professional real estate agent to make sure the process is handled correctly.

### Leasehold vs Freehold

Since foreign buyers cannot own freehold property, the primary legal structure for foreigners is a leasehold arrangement. This provides the foreign buyer to lease the property for a fixed duration, after which they can opt to extend the lease.

While freehold ownership isn’t available to foreigners, leasing 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 complex, particularly for foreigners. That’s which is why working with a trusted notary and a lawyer is important. They can guide you through the specific regulations and ensure that the property transaction is in compliance with local legislation.

It’s also advisable to work with a trusted real estate 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 investment.

### Why Consider Bali Real Estate?

Despite the leasehold restrictions, 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 appealing island 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 enjoy the gains of Bali’s growing property market.

To sum up, while foreigners can’t own freehold property, many are discovering clear ways for foreigners to invest in Bali using the leasehold system, even with a long-term visa.