Can a foreigner own land in Bali?
The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.
By Indonesian agrarian law a foreigner cannot legally own land in Indonesia.
It is possible to turn your short lived paradise adventure to Bali into a permanent lifestyle by choosing the right Visa options, sorting your finances and finding a property. There are several visa options available including the Free Visa, Visa on Arrival, Social/Tourist or Cultural Visa.
It is not authorised for a foreigner to own property in Bali. Any free-hold transaction is unlawful. You can only lease land or a villa in Bali. If you buy an existing villa, do not buy if there's no IMB.
Many international clients choose to invest in Bali due to the high return on investment. On average, our clients experience a yearly return on investment (ROI) of 20-30%, with some clients receiving even higher figures.
So, the cost of building a house in Bali nowadays varies from about: 6 Million IDR per m² for a single villa. 6.5 – 7 Million IDR per m² for a multi-storey villa. 7 – 8 Million IDR per m² if you want to use luxury materials for the finishing of your villa (such as wood, marble …)
Building in Bali is cheaper than most western countries when comparing like-for-like properties. Prices are calculated per square metre of build area, with a typical villa costing $500-$1,000 (USD) per square metre. The quality of materials will incluence the cost, but most builds fall within this price bracket.
The winner: Thailand works out to be cheaper overall, has a wider range of cuisines and activities for families and has cleaner beaches.
Expect to spend $720 to $2,600 per month for a single person living in Bali—families and couples sharing rental costs will save quite a bit. And it's possible to spend significantly more on a higher-end lifestyle.
You need to provide proof of an income–the minimum is US$1,500 per month. Enough to cover your living expenses while living in Bali. Ensure you have a passport with more than 18 months of validity. You can do all of the application yourself, but you'll find it much easier if you engage a reputable agent.
Can I own land in Bali?
The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.
On average, Guinel says a villa should cost around US$450,000 (AU$595,188), and in Canggu you're looking at anything between $400,000 and $700,000 for three bedrooms, depending on location, land size and amenities.
In general, Bali can be considered as a safe destination, since very few visitors come across any real problems. Travelers need to avoid carrying handbags, taking into account that petty scams are common. What is this? They can usually be avoided with a modicum of common sense.
It is not usually possible for foreigners to get a mortgage in Indonesia. You'll likely need to fund the purchase with your own savings, or else get a mortgage in Australia and use this to pay for the property⁵.
Individual foreign ownership of land is prohibited in Indonesia. To own property, foreign investors are required to buy it through a business entity. Cekindo can help you to set up a company in Indonesia.
Bali has abundant resources and good accessibility. The island has a strategic location that lies along major seas (the Pacific and Indian Oceans). It makes Bali always open for business opportunities, especially in the tourism sector. Bali has a steady political environment, which creates a safe haven for travelers.
Bali is in many ways an incredibly wonderful place to live and work, and there are many expatriates from all over the world living in Bali, who have opened businesses and made a living.
Most expats live in Canggu, Ubud and Uluwatu. Canggu is famous for digital nomads, surfers, and backpackers and it's not the quietest spot around Bali.
US ordinary passport holders can travel to Indonesia and Bali without a visa for a maximum stay of 30 days. This is not extendable. Please note that temporary and emergency US passports are not eligible and that some travelers may not be allowed to enter depending on their specific circ*mstances.
When using figures to make a budget for living in Bali, a rough guide of approximately $700 USD per person per year is a good starting point for an average comprehensive cover.
How much are visas to Bali?
How much does a Bali visa cost? The 30-day visa free option in Bali is free. If you plan on staying in Bali for longer than 30 days, you must apply for a visa from the Embassy of the Republic of Indonesia. before you travel or pay immigration $35US* upon arrival.
In 2020, the average price for a house between 250 and 300 square meters in Pondok Indah, Jakarta in Indonesia amounted to 12.8 billion Indonesian rupiah or around 901 thousand U.S. dollars. In comparison, the price for the same-size house in East Jakarta, Cibubur amounted to 2.9 billion Indonesian rupiah.
Bali is a much cheaper option as compared to the Maldives. The accommodation is cheap as compared to the Maldives resorts.
Bali is 22.9% more expensive than Mexico.
Bali offers more hotel choices than phu*ket does. If you're a surfer, Bali is your choice for its collection of world-class breaks. On the other hand, phu*ket's beaches are more scenic and laidback, great for those preferring island beach escapades with a mix of water sports and just lazing on the sand.
As of the first half of 2021, the average land price of landed residential homes in Jakarta was about 14.97 million Indonesian rupiah per square meter. Jakarta is Indonesia's capital city and financial center, and the average land price there is higher compared to other areas.
The validity of a Tourist Visa for Indonesia is 30 days and for a single entry. This type of visa can be extended for another 30 days before expiration. Visas on Arrival are also valid for 30 days and extendable. A multiple-entry Indonesia visa is valid for one year.
The Indonesian permanent residency permit is called the KITAP (Kartu Izin Tinggal Tetap). Expats can apply for permanent residency after they have lived in Indonesia for five years on an ITAS. However, if expats are married to an Indonesian national they will be able to apply for the KITAP after two years.
A foreigner may receive an inheritance in the form of land and/or buildings with the status of property rights (in this case a house), but within one year the foreigner must transfer his rights to the land and/or buildings to another person.
