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 are discovering that they can invest in real estate in Bali while holding a tourist visa. Though this might appear surprising, it’s entirely legal under certain conditions.

### How It Works

Technically, foreigners are not allowed to own land directly in Buy Villa Bali Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives international buyers 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, it’s still possible to engage in these arrangements. This happens as buying property in Bali doesn’t mandate a long-term visa—you only need valid identification. But, it’s highly recommended 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 negotiated between the buyer and the seller, and you can even transfer the leasehold rights to family members.

### Legal Assistance

Understanding the legal aspects can be confusing, especially for those unfamiliar with the regulations. That’s why consulting a reliable notary and legal expert is crucial. They can help you understand the details of the law and make sure that the deal 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 is experienced in handling foreign clients. This ensures you avoid any pitfalls and secure a good deal on your investment.

### Why Consider Bali Real Estate?

Despite the foreign ownership limitations, buying property villa bali sale in Bali remains highly attractive for international investors. The island’s booming tourism industry, increasing real estate prices, and tropical lifestyle turn it into an excellent investment.

Many expats view the island as an ideal location for vacation properties or income-generating properties. With the right legal assistance, international buyers can securely purchase property and enjoy the gains of Bali’s growing property market.

In conclusion, although direct freehold ownership is off-limits, many are discovering legal pathways for foreigners to acquire property in Bali using the leasehold system, even with a long-term visa.