Yes, foreigners can own property in Bali, but with certain restrictions.
While outright ownership of land (freehold) is reserved for Indonesian citizens, foreigners can acquire property through several legal avenues:
- Leasehold: This is the most common method for foreigners to own property in Bali. It involves signing a long-term lease agreement, typically ranging from 25 to 30 years, with the option to renew.
- Hak Pakai (Right to Build): This is a right to build and own a building on a piece of land for a specified period, usually 25 or 30 years.
- Hak Guna Bangunan (Right to Build and Own): This is a longer-term right to build and own a building on a piece of land, typically for 60-80 years.
- Company Ownership: Foreigners can establish a PT PMA (Limited Liability Company) in Indonesia to own property. The company can then acquire land or buildings under leasehold or Hak Pakai rights.
It’s crucial to consult with a legal professional such as Bali Legals, to understand the complexities of each option and ensure compliance with Indonesian laws.
Key Assistance From Bali Legals:
- Due Diligence: Bali Legals can thoroughly investigate the property’s legal status, ownership history, and any potential encumbrances.
- Legal Advice: Bali Legals are a reputable law firm who specialise in Indonesian property law.
- Market Fluctuations: Bali Legals can advise on Bali’s real estate market trends and potential investment risks.
By carefully considering these factors and working with Bali Legals, you can successfully navigate the process of owning property in Bali.
Get in touch with Bali Legals to discuss how we can help you own property in Bali.
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