What’s The Average Cost of a Property in Bali?

The average cost of a property in Bali can vary significantly depending on several factors:

  • Location: Properties in popular tourist areas like Ubud, Seminyak, and Canggu tend to be more expensive than those in less developed regions.  
  • Size and Type: Villas, apartments, and land plots will have different price ranges based on their size and features.   
  • Amenities: Properties with pools, ocean views, or modern amenities will generally command higher prices.
  • Condition: The condition of the property, including its age, maintenance, and renovations, will affect its value.

As of 2024, here’s a rough estimate of average property prices in Bali:

  • Villas: Starting from $200,000 for smaller properties, with prices increasing significantly for luxury villas in prime locations.
  • Apartments: Prices can range from $100,000 to $500,000 or more, depending on size, location, and amenities.
  • Land: Land prices can vary widely, with prime beachfront land being significantly more expensive than inland plots.

It’s important to note that these are general estimates, and actual prices can fluctuate. It’s recommended to consult with Bali Legals Real Estate to get the most accurate and up-to-date information on property prices in Bali.

Would you like to know more about specific locations or property types in Bali?

Get in touch with Bali Legals to discuss property options in Bali.

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An Overview of Bali Business Visas for Entrepreneurs

Are you a forward-thinking entrepreneur eyeing Bali as a hub for your next business venture? Delving into the realm of Bali business visas is your first step towards realizing these ambitions. Bali, with its allure and opportunities, beckons with a diverse array of visa options tailored to suit the needs of foreign business owners. Let’s embark on a journey through the intricacies of Bali’s business visa landscape:

  1. Business Visa (B211): Opening Doors to Possibilities

The Business Visa (B211) emerges as a beacon for entrepreneurs seeking to establish a foothold in Bali. Offering a stay of up to 60 days per visit with multiple entries, this visa facilitates business-related activities such as networking, scouting investments, and market exploration. While it doesn’t permit work or income generation, it acts as a pivotal bridge for forging business connections in the Indonesian landscape.

  1. Limited Stay Visa (VITAS): Paving the Way for Long-Term Ventures

For entrepreneurs with extended business aspirations, the Limited Stay Visa (VITAS) emerges as a strategic choice. Enabling a stay of up to one year, extendable with the right support, the VITAS empowers entrepreneurs to work legally in Bali. By aligning with a sponsoring Indonesian entity, entrepreneurs can navigate business activities seamlessly, setting the stage for sustained growth and development.

  1. Investor KITAS: Charting a Course for Entrepreneurial Success

The Investor KITAS stands as a testament to Bali’s commitment to fostering foreign investments. Tailored for investors eyeing business prospects in Bali, this permit offers an extended stay of up to two years and opens avenues for income generation from business activities. Additionally, it serves as a gateway to permanent residency, underlining Bali’s promise of stability and growth for entrepreneurial endeavours.

  1. Multiple Business Visas: Embracing Flexibility and Convenience

Entrepreneurs with a penchant for frequent business travels find solace in the Multiple Business Visas (MBV). Valid for a year, this visa allows multiple entries and stays of up to 60 days per visit, catering to the dynamic needs of business professionals. While it simplifies travel logistics, it’s essential to bear in mind that the MBV does not confer work rights within Indonesia.

Partnering with Bali Legals: Your Key to Seamless Visa Acquisition

Navigating the nuances of Bali business visas demands expertise and precision. Collaborating with seasoned professionals specializing in Indonesian immigration laws like Bali Legals, ensures a smooth and compliant visa acquisition process. By leveraging our insights and guidance, you can sail through the intricacies of visa applications, armed with the latest updates and adherence to regulatory standards. Let’s embark on this journey together towards unlocking your entrepreneurial potential in the vibrant landscape of Bali.

For Bali business visas, get in touch with Bali Legals.

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What To Do If You’re A Foreigner In Bali And You Have An Accident

Here’s what to do if you’re a foreigner in Bali and have an accident:

  1. Seek Medical Attention: If you or someone else is injured, prioritise seeking medical assistance immediately. Visit the nearest hospital or clinic for treatment.
  2. Contact the Police: Report the accident to the local police station. They will document the incident and provide guidance.
  3. Involve Your Insurance Company: Contact your travel insurance provider as soon as possible. They can guide you through the claims process and provide necessary assistance.
  4. Obtain a Police Report: A police report is crucial for insurance claims and any legal matters arising from the accident.
  5. Seek Legal Advice: If the accident involves significant injuries or property damage, consider consulting with Bali Legalsm our lawyers are experienced in Indonesian law. We can provide guidance on your legal rights and options.
  6. Communicate with Your Embassy or Consulate: Inform your embassy or consulate in Bali about the accident. They can offer assistance and advice specific to your nationality.

Remember: In Bali, it’s important to remain calm and cooperative with local authorities. Following these steps can help you navigate the situation effectively and minimise any potential complications.

Get in touch with Bali Legals for legal assistance.

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Rent or Buy Property in Bali?

When deciding whether to rent or buy property in Bali, there are several factors to consider based on your personal circumstances, financial situation, and long-term goals.

Here are some key points to help you make an informed decision:

Renting Property in Bali:

  1. Flexibility: Renting offers flexibility, allowing you to move more easily if your plans change or if you prefer to explore different areas of Bali.
  2. Lower Initial Costs: Renting generally requires lower upfront costs compared to buying, as you won’t need to make a significant down payment or commit to a mortgage.
  3. Maintenance and Repairs: As a tenant, you are typically not responsible for major maintenance and repair costs, which can be advantageous if you prefer not to deal with property upkeep.
  4. Short-Term Stay: Renting is ideal for those planning a short-term stay in Bali or for individuals who are not ready to make a long-term commitment to a property.

Buying Property in Bali:

  1. Investment Potential: Buying property in Bali can serve as a long-term investment, with the potential for property appreciation over time.
  2. Stability and Security: Owning a property provides stability and security, allowing you to establish roots in Bali and customize the space to your preferences.
  3. Rental Income: If you choose to rent out the property when you’re not using it, you can generate rental income, potentially offsetting some of the ownership costs.
  4. Personalization: Homeownership allows you to personalize and modify the property to suit your lifestyle and preferences, providing a sense of ownership and control.

Considerations for Renting or Buying in Bali:

  1. Legal Requirements: Understand the legal requirements and regulations for foreigners renting or buying property in Bali, as these may vary based on your citizenship and visa status.
  2. Financial Considerations: Evaluate your budget, financial stability, and long-term goals to determine whether renting or buying aligns with your financial plan.
  3. Market Trends: Research the real estate market in Bali to assess property values, rental yields, and potential growth opportunities to make an informed decision.
  4. Lifestyle Preferences: Consider your lifestyle preferences, such as the desire for stability, customization, or flexibility, to determine whether renting or buying better suits your needs.

Ultimately, the decision to rent or buy property in Bali depends on your individual circumstances, preferences, and objectives. Purchasing property in Bali as a foreigner requires careful consideration and research. Seek professional legal advice from Bali Legals and choose a location and property type carefully.

For assistance with your visa, contact Bali Legals to discuss your requirements.

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Can Foreigners Own Property in Bali?

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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