How to Retire in Bali: Exploring Visa and Property Options
Bali is a popular destination for foreign retirees, offering a unique blend of welcoming locals, beautiful landscapes, and a relaxed lifestyle. This guide covers essential information on retiring in Bali, including visa options, property ownership, healthcare, and the cost of living, to help ensure a smooth transition to your new life on the island.
Key Considerations for Retiring in Bali
How Much Does it Cost to Retire in Bali?
A major attraction for expats retiring in Bali is the relatively low cost of living compared to many Western countries. Costs can vary greatly depending on lifestyle, but it is possible to live comfortably on a budget ranging from USD 900 to USD 5,000 per month.
Here’s a breakdown of typical monthly expenses:
| Expense | Cost Range (USD) |
| Rent | USD 300 – USD 1,500 (for apartments or villas) |
| Utilities | USD 60 – USD 200 |
| Internet | USD 15 – USD 30 |
| Dining and Groceries | USD 300 – USD 600 |
| Transportation | USD 50 – USD 300 (scooter or car rental) |
| Healthcare Insurance | USD 45 – USD 300 |
| Entertainment | USD 100 – USD 300 |
| Total Estimated Cost | USD 870 – USD 3,230 |
These costs can fluctuate based on personal choices and preferences, but Bali remains an affordable option for retirees.
Healthcare for Retirees in Bali
Healthcare is a crucial consideration for retirees planning to live in Bali. While Indonesia does not offer public healthcare for foreigners, the island has numerous international-standard hospitals and clinics, especially in areas like Denpasar, Seminyak, and Ubud.
Notable healthcare facilities include:
- BIMC Hospital (Kuta and Nusa Dua)
- Siloam Hospitals (Denpasar)
- Bali Royal Hospital (Denpasar)
For retirees, comprehensive private health insurance is essential. Your insurance should cover treatments in Bali and include medical evacuation if necessary. It’s highly recommended to work with local experts to find suitable insurance plans to fit your needs.
Property Ownership and Leasing in Bali
When it comes to housing in Bali, retirees have options for renting or leasing property. Due to Indonesian property laws, foreigners cannot directly own freehold property but can invest in long-term leases or by establishing a local company. Here are the main options:
- Long-Term Rentals: Renting villas or apartments on a yearly basis is a popular option for retirees.
- Leasehold Property: Foreigners can acquire leasehold rights for up to 80 years, allowing long-term accommodation and residence.
If you are interested in purchasing property in Bali or want help navigating lease agreements, it’s essential to seek expert assistance to ensure compliance with local regulations.
Retire in Bali with the Retirement Visa (KITAS)
The Retirement KITAS (Limited Stay Permit for Retirees) is the most common visa for retirees in Bali. This visa allows you to stay in Bali long-term, with annual renewals for up to 5 years. There are two types of Retirement KITAS:
- E33G Residence Permit (valid for 1 year)
- E33E Residence Permit (valid for 5 years)
Both visas prohibit employment, but after holding a Retirement KITAS for four consecutive years, you can apply for the Retirement KITAP (Permanent Stay Permit), which is renewable indefinitely.
Eligibility for the Retirement KITAS
To qualify for the Retirement KITAS, you need to meet the following requirements:
- Be at least 55 years old.
- Provide proof of pension or savings to cover living expenses (minimum USD 1,500 per month or USD 18,000 per year).
- Have valid health and life insurance in Indonesia.
- Show proof of property rental or ownership in Bali.
- Employ at least one Indonesian staff member (such as a housekeeper or driver).
Retiring in Bali offers a wonderful lifestyle opportunity. With proper planning, including choosing the right property and securing the appropriate visa, you can enjoy your retirement in this beautiful island paradise.