Buying in Bali
Info for International Buyers
BUYING LAND in Bali
Can foreigners buy land in Bali?
Yes. There are a few restrictions and some regulations which must be followed.
What type of land can foreigners buy?
Foreigners can typically purchase leasehold land personally, or freehold land through a legal entity such as a PT PMA company.
What is leasehold land?
It is a type of land ownership where a foreigner leases the land for a specific period, typically 25 to 30 years, with an option to extend.
Can I buy freehold land in Bali as a foreigner?
Generally, freehold land ownership is restricted for foreigners in Bali. However, there are some exceptions for investment in tourism sectors and by using the correct legal structure.
What is a PT PMA company, and how can it be used for land ownership?
A PT PMA (Penanaman Modal Asing) company is a foreign-owned company in Indonesia. It can be used to purchase land in Bali, but there are specific requirements and regulations involved.
What are the steps involved in buying land in Bali as a foreigner?
The steps typically involve finding suitable land, conducting due diligence, negotiating the price, and completing the purchase transaction.
What is due diligence, and why is it important?
Due diligence involves researching the legal status of the land, it’s history, zoning regulations, and any potential issues to ensure a transparent and secure transaction.
What permits and licences do I need to buy land in Bali?
Depending on the type of land and location, you need to ensure you are buying the land through the correct structure - e.g PT PMA.
Are there any restrictions on land size for foreigners in Bali?
There are usually restrictions on the maximum land size that foreigners can acquire, which can vary depending on local regulations.
Can I build a house or villa on the land I purchase?
Yes, you can generally build on the land you purchase, but you must obtain the necessary building permits and comply with local zoning regulations.
What are the costs associated with buying land in Bali?
Costs may include the land price, notary fees, taxes, legal fees, and any agent commissions. Be prepared for additional costs such as land surveying and due diligence expenses.
Can I finance the purchase of land in Bali as a foreigner?
It's challenging to secure financing for land purchases in Bali as a foreigner. Most transactions are conducted in cash.
What are the tax implications of owning land in Bali as a foreigner?
There are various taxes to be aware of, such as property taxes, capital gains tax, and land and building acquisition tax. Consult with tax professionals for guidance.
How can I ensure a smooth and legal land purchase in Bali?
Engage experienced local legal experts and real estate professionals who are familiar with the intricacies of land transactions for foreigners in Bali.
Please Note:
Buying land in Bali as a foreigner can be complex and subject to change, so it's essential to seek professional guidance and stay informed about the latest regulations and requirements.
Info for International Buyers
BUYING PROPERTY in Bali ~ Real Estate purchase
Can foreigners buy property (real estate) in Bali?
Yes. There are specific regulations and some restrictions which international buyers must follow.
What type of property can foreigners buy in Bali?
International buyers can generally purchase apartments, condominiums, and houses, often through a leasehold or other legal structures.
Can foreigners buy property in Bali on a freehold basis?
Freehold property ownership is usually not available to foreigners in Bali, with some exceptions in specific areas for investments in tourism sectors and through the correct legal structures.
What is leasehold property, and how does it work for foreigners in Bali?
Leasehold property is when a foreigner leases the property for a set period, typically 24 to 30 years, with an option to extend. This is a common way for foreigners to own property in Bali. AYA Suasana villas are available with a leasehold agreement of 30 years.
Can I rent out or manage the property I purchase in Bali?
Yes, you can typically rent out or manage the property, but you must ensure compliance with local regulations and obtain necessary licences.
Are there any restrictions on the maximum lease period for property in Bali?
The maximum lease period for property in Bali is typically 24 to 30 years - extensions can be negotiated.
What is a Hak Pakai (Right to Use) title, and how does it relate to property ownership for foreigners?
Hak Pakai is a right-to-use title that allows foreigners to use land and property for residential purposes for a maximum of 80 years.
What are the steps involved in buying property in Bali as a foreigner?
The steps usually include property search, due diligence, price negotiation, obtaining permits, and finalising the purchase transaction.
What is due diligence, and why is it important when buying property?
Due diligence involves researching the property's legal status, history, outstanding debts, and potential issues to ensure a secure transaction.
What permits and licences do I need to buy property in Bali?
You may need permits such as a property acquisition permit (HGB), building permit (IMB), and others, depending on the type of property and location.
What are the costs associated with buying property in Bali?
Costs may include the property price, notary fees, taxes, legal fees, and agent commissions. Be prepared for additional expenses like property surveying and due diligence costs.
Can I finance the purchase of property in Bali as a foreigner?
Securing financing for property purchases in Bali as a foreigner can be challenging. Most transactions are conducted in cash or through seller financing.
Are there any restrictions on selling property in Bali as a foreigner?
Selling property as a foreigner can be subject to certain restrictions, taxes, and regulations. Seek legal advice when selling.
What are the tax implications of owning property in Bali as a foreigner?
Various taxes may apply, including property taxes, capital gains tax, and income tax on rental income. Consult with tax professionals for guidance.
How can I ensure a smooth and legal property purchase in Bali?
We recommend you engage the necessary local legal experts, real estate professionals, and notaries who are well-versed in property transactions for foreigners in Bali.
Please Note:
Regulations and procedures can change over time, so it's crucial to consult with legal experts and local authorities for the most up-to-date information and guidance.
LAND
We acquire a range of land plots for sale in Uluwatu, Bali.
VILLAS
AYA Suasana: Construction is underway at our development of 9 luxury villas.
CONTACT
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