Are there any restrictions on foreign ownership of property in Bali?

Yes, there are restrictions on foreign ownership of property in Bali, as governed by Indonesian regulations. Here are the key points regarding foreign ownership of property:

Foreigners are generally prohibited from owning land outright in Indonesia, including in Bali. This restriction is based on Indonesian land laws, which Prioritise land ownership for Indonesian citizens and legal entities.

While foreigners cannot own land, they can acquire property through leasehold arrangements. Leasehold agreements allow foreigners to lease land or property for a specified period, typically up to 25 or 30 years, with options for renewal.

Another option for foreign investors is to establish a foreign-owned company (PT PMA) to hold title to the land. This requires obtaining approval from the Indonesia Investment Coordinating Board (BKPM) and complying with specific regulations and requirements for foreign investment.

Under Indonesian law, foreigners may be eligible to obtain a 'right to use' (Hak Pakai) title for residential properties. This allows foreigners to use the land for residential purposes for an initial period of up to 30 years, with options for extension.

Foreigners can also own condominiums or apartments in Bali under a strata title arrangement. This allows for individual ownership of units within a multi-unit building, with shared ownership of common areas and facilities.

Certain areas in Indonesia, including Bali, may have restrictions or limitations on foreign ownership of property, particularly in sensitive or strategic locations such as near coastlines, borders, or cultural heritage sites.

It's essential to stay informed about any changes to Indonesian regulations and policies regarding foreign ownership of property. Regulatory requirements may evolve over time, impacting foreign investment opportunities in Bali. Working with Pertama will let you stress-free on your investment.