Bali is an Indonesian island famous for its majestic wooded volcanic mountains, its many rice fields, its sublime beaches as well as its still preserved coral reefs. You can enjoy the seaside town of Kuta with its many lively bars. The cities of Seminyak, Sanur and Nusa Dua are also extremely popular resorts. Bali is also renowned for its spiritual retreats, which essentially incorporate the practice of yoga and meditation. Find out how to invest in Bali.
Regardless of your status (employee, retired, unemployed or student), your visa application will not be the same. Without this document, you will not be able to enter this territory. A visa is a residence permit called a worker visa. The KITAS offers the possibility of having a one-year residence permit.
If you wish to apply for an international driving permit, all you have to do is go to the prefecture of your place of residence and provide the requested documents.
Another aspect to think about: opening an account in an international establishment. This will give you the option of not paying additional fees for each card payment. Regarding mutuals and insurance, it remains essential to take out insurance and mutual insurance before leaving for this Indonesian island. This will give you the possibility of being covered and repatriated if an accident occurs.
If you want to go to this island, housing is an essential question in your project. How to find your “home” in Bali, nicknamed the island of the Gods? Find out everything there is to know about this point if you want to invest in Bali.
This island is certainly one of the most famous places in Indonesia for both tourists and expatriates. Bali is a charming place with an atypical culture. The atmosphere is serene and peaceful. Note also the presence of renowned international schools, which take part in the popularization of the island.
Most homes have air conditioning. Keep in mind that electricity on the island can be a concern. Therefore, remember to check if your home has a generator and an inverter. Ditto for the telephone: remember to linger on the connection, since it can be complicated to install a fixed line in places in Bali.
You can find accommodation on this island for all budgets, even if your budget is limited. Bali hosts multiple and varied complexes of luxury and Western-style apartments, which will offer you the possibility of renting a property before proceeding to purchase it.
Most of the apartments are rented with hotel services. Comfort is present there: cable TV, shared swimming pool, multiple cleaning services or even web connection. If you have a limited budget, it is possible to rent a kost, which is made up of a small apartment consisting of one or two rooms around a central courtyard.
Count 6.5 to 7 million IDR (which is equivalent to 450 euros) per m² for a villa with several floors. Consider IDR 8 Million per m² if you want to use luxury materials such as wood and marble. This can climb to 10 Million IDR per m² for a grandiose and architecturally unique villa. As you can see, investing in Bali is not that expensive compared to other countries!
For renting a kost, count around 1 to 2 million IDR (129.03 euros) per month in town. This goes up to IDR 6 million per month for a kost not far from the beach.
On this island, it is impossible for a foreigner to obtain credit (except in specific situations). Regarding your borrowing possibilities in your country, take into account that it depends on a multitude of aspects. It is possible to make loans against a mortgage in the country.
You can invest and acquire a house or a villa on the island by taking into account the procedures and by letting yourself be guided by specialists. Often, foreigners can only make an investment through a limited liability company. If the right of ownership is not given, it is possible for foreign investors to take advantage of a right to build and use land for thirty years renewable or a right of use for a 25 years renewable.
Take into account that it is impossible for foreigners to acquire land or an industrial or commercial building on the island, and even in the country in general. Accessibility to land ownership is restricted to Indonesians. Ownership of land is not a possibility for foreigners. Nevertheless, the latter can use a local entity in order to use it but also for the rental, sale or mortgage of land. Therefore, if your wish is investment in real estate in Bali, buying a home on the island is a mandatory path.
Obviously, you will have to pay the costs related to your purchase (property tax, insurance and salaries of your employees if there are any). If you opt for a rental, it is necessary that the sum of the rents be sent to an Indonesian bank account. Moreover, opening an account in this country is not very complicated.
Residing on this paradise island is a real privilege since the cost of living there is extremely low. Count between 550 and 1500 euros per month for a single individual. Indeed, for local residents, the minimum wage is about 130 euros monthly, while executive employees can pocket up to 500 euros per month.
Plan a budget of around 25,000 euros if you are going to Indonesia to settle down with a child of school age. Don’t forget to plan all financial charges once you arrive in Bali. On the transport side, a liter of petrol is around 0.50 euro! Much cheaper than in France therefore. Thus, investing in Bali is an excellent idea when you take into account that the cost of living is about five times cheaper than in France!
As you will have understood, Bali is a perfect expatriation destination, and even for large families since the prices for babysitters are affordable. In relation to health, know that there is also the necessary with the adequate number of health establishments. Now you know everything there is to know if you want to invest in Bali.