{"id":17926,"date":"2022-09-20T13:15:05","date_gmt":"2022-09-20T17:15:05","guid":{"rendered":"https:\/\/trendingsimple.com\/much-cost-retire-bali\/"},"modified":"2022-09-20T13:15:05","modified_gmt":"2022-09-20T17:15:05","slug":"much-cost-retire-bali","status":"publish","type":"post","link":"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/","title":{"rendered":"How much does it cost to retire in Bali?"},"content":{"rendered":"<p>To get the retirement visa will cost you less than $800\/year, you need to be more than 55 years old and to show proof of an income of at least US$1,500 a month. For <a class=\"wpil_keyword_link\" href=\"https:\/\/trendingsimple.com\/bali\/\" target=\"_blank\" rel=\"noopener\" title=\"Bali\" data-wpil-keyword-link=\"linked\">Bali<\/a>, your accommodation will cost between $500 to $5000\/month (all the offers HERE).<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-does-it-cost-to-retire-in-bali\" title=\"How much does it cost to retire in Bali?\">How much does it cost to retire in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-would-you-need-to-retire-in-bali\" title=\"How much would you need to retire in Bali?\">How much would you need to retire in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-bali-a-good-place-to-retire-to\" title=\"Is Bali a good place to retire to?\">Is Bali a good place to retire to?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-money-do-you-need-to-live-comfortably-in-bali\" title=\"How much money do you need to live comfortably in Bali?\">How much money do you need to live comfortably in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-does-it-cost-to-live-in-bali-for-1-year\" title=\"How much does it cost to live in Bali for 1 year?\">How much does it cost to live in Bali for 1 year?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-it-cheaper-to-live-in-bali-or-thailand\" title=\"Is it cheaper to live in Bali or Thailand?\">Is it cheaper to live in Bali or Thailand?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-does-a-house-in-bali-cost\" title=\"How much does a house in Bali cost?\">How much does a house in Bali cost?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#where-do-most-expats-live-in-bali\" title=\"Where do most expats live in Bali?\">Where do most expats live in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#can-a-foreigner-own-property-in-bali\" title=\"Can a foreigner own property in Bali?\">Can a foreigner own property in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#can-a-us-citizen-buy-a-house-in-bali\" title=\"Can a US citizen buy a house in Bali?\">Can a US citizen buy a house in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-it-worth-buying-property-in-bali\" title=\"Is it worth buying property in Bali?\">Is it worth buying property in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-buying-property-in-bali-a-good-investment\" title=\"Is buying property in Bali a good investment?\">Is buying property in Bali a good investment?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-can-i-get-permanent-residency-in-bali\" title=\"How can I get permanent residency in Bali?\">How can I get permanent residency in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#are-villas-in-bali-safe\" title=\"Are villas in Bali safe?\">Are villas in Bali safe?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-can-i-retire-in-bali\" title=\"How can I retire in Bali?\">How can I retire in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-it-cheap-to-build-a-house-in-bali\" title=\"Is it cheap to build a house in Bali?\">Is it cheap to build a house in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#can-you-make-money-renting-villas-in-bali\" title=\"Can you make money renting villas in Bali?\">Can you make money renting villas in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#is-airbnb-legal-in-bali\" title=\"Is Airbnb legal in Bali?\">Is Airbnb legal in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#what-is-leasehold-bali\" title=\"What is leasehold Bali?\">What is leasehold Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-is-the-healthcare-in-bali\" title=\"How is the healthcare in Bali?\">How is the healthcare in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#what-happens-after-leasehold-expires-bali\" title=\"What happens after leasehold expires Bali?\">What happens after leasehold expires Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#what-happens-at-the-end-of-a-leasehold-bali\" title=\"What happens at the end of a leasehold Bali?\">What happens at the end of a leasehold Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#how-much-is-expat-health-insurance-in-bali\" title=\"How much is expat health insurance in Bali?\">How much is expat health insurance in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#can-americans-live-in-bali\" title=\"Can Americans live in Bali?\">Can Americans live in Bali?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/#do-they-speak-english-in-bali\" title=\"Do they speak English in Bali?\">Do they speak English in Bali?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"how-much-does-it-cost-to-retire-in-bali\"><\/span>How much does it cost to retire in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To get the retirement visa will cost you less than $800\/year, you need to be more than 55 years old and to show proof of an income of at least US$1,500 a month. For Bali, your accommodation will cost between $500 to $5000\/month (all the offers HERE).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-would-you-need-to-retire-in-bali\"><\/span>How much would you need to retire in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To get the retirement visa will cost you less than $800\/year, you need to be more than 55 years old and to show proof of an income of at least US$1,500 a month. For Bali, your accommodation will cost between $500 to $5000\/month (all the offers HERE).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bali-a-good-place-to-retire-to\"><\/span>Is Bali a good place to retire to?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bali is a wonderful place to retire. There is the obvious reason that it is a beautiful tropical paradise with warm weather all year round, but it also has many other amazing plus points to consider. For one, the Balinese people are incredibly warm, helpful and welcoming and almost everybody speaks English.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-money-do-you-need-to-live-comfortably-in-bali\"><\/span>How much money do you need to live comfortably in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>What do you have to earn to live comfortably in Bali? You can live incredibly well in Bali if you earn over $2000 USD monthly. You can easily survive on less than that though.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-does-it-cost-to-live-in-bali-for-1-year\"><\/span>How much does it cost to live in Bali for 1 year?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When using figures to make a budget for living in Bali, a rough guide of approximately $700 USD per person per year is a good starting point for an average comprehensive cover.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-it-cheaper-to-live-in-bali-or-thailand\"><\/span>Is it cheaper to live in Bali or Thailand?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bali vs Thailand: 4 Key Differences The Costs \u2013 Overall, Thailand comes off as a little cheaper in prices for accommodation, food and drinks. If you&#39;re on a super tight budget and plan to mostly stay in one place, Thailand is the better bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-does-a-house-in-bali-cost\"><\/span>How much does a house in Bali cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>So, the cost of building a house in Bali nowadays varies from about: 6 Million IDR per m\u00b2 for a single villa. 6.5 \u2013 7 Million IDR per m\u00b2 for a multi-storey villa. 7 \u2013 8 Million IDR per m\u00b2 if you want to use luxury materials for the finishing of your villa (such as wood, marble \u2026)<\/p>\n<h3><span class=\"ez-toc-section\" id=\"where-do-most-expats-live-in-bali\"><\/span>Where do most expats live in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Most expats live in Canggu, Ubud and Uluwatu. Canggu is famous for digital nomads, surfers, and backpackers and it&#39;s not the quietest spot around Bali.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-a-foreigner-own-property-in-bali\"><\/span>Can a foreigner own property in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-a-us-citizen-buy-a-house-in-bali\"><\/span>Can a US citizen buy a house in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-it-worth-buying-property-in-bali\"><\/span>Is it worth buying property in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bali is a great place to purchase a holiday home. It is a favourite location for many travellers and has been named the world&#39;s best destination by TripAdvisor. You do not need to live in Bali or hold Indonesian citizenship to invest \u2013 everyone can invest and build in Bali.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-buying-property-in-bali-a-good-investment\"><\/span>Is buying property in Bali a good investment?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many international clients choose to invest in Bali due to the high return on investment. On average, our clients experience a yearly return on investment (ROI) of 20-30&#37;, with some clients receiving even higher figures.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-can-i-get-permanent-residency-in-bali\"><\/span>How can I get permanent residency in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you wish to work in Bali, the company you are working for must sponsor the KITAS for you. After two years of marriage, you can apply for a permanent stay permit (KITAP). A KITAP allows working in Indonesia as an independent advisor or a consultant but not for any specific company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"are-villas-in-bali-safe\"><\/span>Are villas in Bali safe?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Generally speaking the villas in Bali are open air design. The bedrooms are secure, and you can usually &#39;lock yourself in&#39; at night. Many villas have night security guards because it is expected by guests. We always stay in villas with open air living spaces and have never felt unsafe.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-can-i-retire-in-bali\"><\/span>How can I retire in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To qualify for a retirement visa, you must be at least 55 years old of age; have proof of health and life insurance, proof of pension\u2014a minimum of roughly $1,520 per month, or at least a lump sum of $18,270 to provide living expenses while in Bali; proof of a rental agreement with the cost set at over $380 a month; a <\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-it-cheap-to-build-a-house-in-bali\"><\/span>Is it cheap to build a house in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Building in Bali is cheaper than most western countries when comparing like-for-like properties. Prices are calculated per square metre of build area, with a typical villa costing $500-$1,000 (USD) per square metre. The quality of materials will incluence the cost, but most builds fall within this price bracket.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-you-make-money-renting-villas-in-bali\"><\/span>Can you make money renting villas in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Over the years, villa rental in Bali has become one of the most popular businesses on the island and many of the villa rental businesses are run by foreigners. If you are a foreigner and you want to enjoy a handsome profit out of this rental business, you can.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-airbnb-legal-in-bali\"><\/span>Is Airbnb legal in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Is Airbnb legal in Bali? There are no laws against using Airbnb on the island of Bali. Go ahead and get booking those deluxe villas down by the shores of Kuta.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-is-leasehold-bali\"><\/span>What is leasehold Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Leasehold. Leasehold (Hak Sewa) means you have a lease from the freeholder (the landlord) to use the property for any number of years, up to 25 years or more. The leaseholder has a contract with the freeholder, defining legal rights and responsibilities of either side.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-is-the-healthcare-in-bali\"><\/span>How is the healthcare in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Does Bali have good hospitals? The first thing you need to know is that Bali has excellent hospitals and high-quality medical care available 24-hours a day. Like many countries, Indonesia has both public and private hospitals.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-happens-after-leasehold-expires-bali\"><\/span>What happens after leasehold expires Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>After the lease begins, the owner&#39;s title of Hak Milik (Right to Own) will be legally transferred to the foreigner under the Hak Sewa title (Right to Lease). If the leasehold is not renewed once it expires, all rights go back to the original owner and it becomes a freehold Hak Milik property again.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-happens-at-the-end-of-a-leasehold-bali\"><\/span>What happens at the end of a leasehold Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At the end of the agreement the land and any Bali property on that land will return to the owner, this is very unusual for this to happen though as most land owners will want to extend the contract before this happens and lots of agreements will have guaranteed extensions written in to the legal agreement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-is-expat-health-insurance-in-bali\"><\/span>How much is expat health insurance in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You should expect to pay around $1,100 per year for private cover in Indonesia, which comes to $92 per month.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-americans-live-in-bali\"><\/span>Can Americans live in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1. You need a Visa to visit or live in Bali, what type of visa is what needs to be planned. You will enter Bali on a Tourist Visa, which is valid for 30 days. If you want to extend to 60 days, you must purchase a Visa on Arrival (VOA) when entering the airport.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-they-speak-english-in-bali\"><\/span>Do they speak English in Bali?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>English on Bali English is the common \u201cthird\u201d language and the most popular foreign language by far (after Indonesian and Balinese). Due to tourism requirements, a lot of Balinese speak a level of English that allows them to communicate with tourists on a fundamental level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To get the retirement visa will cost you less than $800\/year, you need to be more than 55 years old and to show proof of an income of at least US$1,500 a month. For Bali, your accommodation will cost between $500 to $5000\/month (all the offers HERE). How much does it cost to retire in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much does it cost to retire in Bali? - Trending Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trendingsimple.com\/bali\/much-cost-retire-bali\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much does it cost to retire in Bali? - Trending Simple\" \/>\n<meta property=\"og:description\" content=\"To get the retirement visa will cost you less than $800\/year, you need to be more than 55 years old and to show proof of an income of at least US$1,500 a month. 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