Investment Opportunities in Bali for Diaspora Visa Holders

Top Investment Opportunities for Diaspora Visa Holders in Bali

  • InCorp Editorial Team
  • 4 July 2024
  • 5 minute reading time

Exploring investment opportunities in Bali is a great option for Diaspora Visa holders. It is an Indonesian paradise that offers a unique blend of cultural richness, stunning landscapes, and a growing economy. Bali is an ideal destination for people who want to establish roots and make strategic investments.

Bali Investment Outlook

Bali’s investment scene is sizzling, fueled by a resurgent tourism industry and a diversifying economy. Here’s a glimpse into the current landscape.

1. Tourism

  • Tourist arrivals have surged, surpassing pre-pandemic levels.
  • In October 2023, over 500,000 international visitors came to Bali, marking a 70% YoY increase.
  • Luxury travel is flourishing, with high-end accommodations experiencing strong demand, benefiting luxury property investments.
  • Sustainable tourism initiatives are gaining momentum, attracting eco-conscious travelers and investors.

2. Real Estate

  • Property prices are rising, especially in popular tourist areas like Seminyak, Canggu, and Ubud.
  • There is a high demand for land plots near beaches and rice paddies.
  • Villa rentals, boosted by platforms like Airbnb, are a lucrative investment opportunity.
  • Co-working spaces and serviced apartments are attracting digital nomads, creating new prospects in the co-living sector.

3. Beyond Tourism

  • Bali’s tech sector is thriving, with startups in e-commerce and fintech drawing venture capital investments.
  • The creative community is flourishing, offering investment opportunities in art galleries, co-working spaces, and lifestyle businesses.
  • Significant government investment in Bali’s infrastructure, including new roads, airports, and renewable energy projects, enhances the island’s business climate.

Why Choose Bali?

Choosing Bali as a destination, especially with the Diaspora Visa, offers a range of compelling advantages for residence and business activities:

  • Cultural diversity
  • Scenic beauty
  • Thriving tourism
  • Ease of doing business
  • Cost-effectiveness
  • Investment opportunities

What is a Diaspora Visa?

Compared to traditional visa options, the Diaspora Visa offers several advantages and appeals to those seeking residency in Bali. The features of the Diaspora Visa include:

FeaturesDescriptions
Extended Stay DurationHolders of the Diaspora Visa in Bali are afforded the privilege of staying for extended periods, ranging from 5 to 10 years, eliminating the need for frequent visa renewals.
Sponsorship EliminationUnlike traditional visas, the Diaspora Visa obviates the requirement for a sponsor or guarantor, streamlining the application process for prospective residents.
Entry and Exit FlexibilityFor those with a Diaspora Visa residing in Bali, the flexibility of multiple entries and exits is granted, eliminating the need for repetitive visa applications when traveling in and out of the country.

If you are considering applying for a Diaspora Visa in Bali, it is worthwhile to delve into the additional benefits associated with this particular visa category, which include:

Additional BenefitsDescriptions
Living and Working PrivilegesDiaspora Visa holders are granted or eligible to live and work in Bali, fostering an environment conducive to personal and professional pursuits.
Access to Social ServicesDiaspora Visa holders are granted or eligible to access essential social services, encompassing healthcare and education, contributing to an enhanced quality of life.
Property Ownership RightsDiaspora Visa holders are granted or eligible for ownership rights, facilitating the purchase of property in Bali, offering a tangible investment opportunity and a sense of permanence for those choosing to make Bali their home.

Top Profitable Sectors to Invest in Bali

Investment Opportunities in Bali for Diaspora Visa Holders

You might consider several industries if you’re a Diaspora Visa holder looking for work opportunities in Bali. These industries are quite popular and offer good career prospects.

1. Property Investment

Bali’s soaring popularity as a tourist hotspot has propelled property prices, attracting foreign investors to Seminyak, Ubud, Sanur, and Canggu.

Notably, the Northern part of Bali and Seminyak offer quick returns and high occupancy rates, making property investment in Bali exceptionally lucrative for Diaspora Visa holders to work in this sector.

2. Tourism Sector

Bali’s thriving tourism, with over 1.5 million annual foreign visitors, sustains a continuous demand for businesses such as hotels, resorts, restaurants, cafes, spas, and wellness services. 

Supporting services like food suppliers, security, and event organizers also present opportunities for Diaspora Visa holders to thrive in this dynamic industry.

3. Cultural Products

Bali’s rich cultural heritage allows Diaspora Visa holders to work and establish manufacturing and trading companies for high-quality handicrafts, furniture, and art products. 

Skilled local artists produce paintings, sculptures, and jewelry, offering ample opportunities in the creative industries.

4. Fashion Industry

 Bali’s dynamic fashion scene appeals to foreign entrepreneurs, inspiring the creation of common and designed custom clothing, jewelry, eyewear, perfume, shoes, sportswear, ethnic accessories, and bags.

The island’s cultural richness serves as a wellspring of inspiration for design and innovation. The circumstances offer Diaspora Visa holders opportunities to work in this industry.

5. Startups

Bali’s conducive environment for startups, marked by low living and renting costs, affordable labor, and vibrant co-working spaces, supports the establishment of new ventures. 

The island’s dynamic atmosphere and relatively low operational costs make it an ideal place for startups, allowing for a seamless blend of work and pleasure for Diaspora Visa holders.

READ MORE:

Guide to Doing Business in Bali & Lombok

Mailchimp Free eBook Bali & Lombok

Start Investing in Bali

Bali’s enchanting charm extends beyond its idyllic beaches and vibrant culture. 

Nestled within this tropical paradise lies a burgeoning entrepreneurial ecosystem fueled by a thriving tourism industry and diverse economic opportunities.

The Diaspora Visa is your key to unlocking this dynamic landscape, empowering you to transform your business vision into a thriving reality.

Should you delve into Bali’s business-friendly environment, InCorp Indonesia provides services for Diaspora Visas and company registration. 

Contact us today to explore how your Diaspora Visa can unlock Bali’s unparalleled potential and propel your business journey to new heights.

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Bingin Bliss: 2-Bedroom Modern Villa for 27.5 Years Leasehold

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Luxury: 2 Bedrooms Premium Condo in Pecatu for Leasehold

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3 Bedrooms Ubud For Leasehold

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David Susandi

Branch Manager – Bali Office at InCorp Indonesia

Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia.

Get in touch with us.

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Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.

We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.

We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.

Frequent Asked Questions

The sponsor must be a company for single and multiple-entry businesses and working visas. The sponsor company is the legal entity that invites you to a business meeting or the business you will be working for. Regarding social-cultural and retirement visas and KITAS & KITAP stay permits, the sponsor must either be an Indonesian legal entity or a citizen. If you need a visa sponsor, InCorp provides sponsorship via HR Outsourcing and manages payroll for your foreign employee.

As their names suggest, the main differences between the three business kinds in Indonesia lie in the businesses and the purpose of their incorporation. Local company owners (PT) must be Indonesian citizens, as even 1 percent of foreign ownership is not allowed. This type of company is not limited to entering any business field, and restrictions on incorporation are not so tight. On the contrary, a foreign-owned company (PT PMA) is open to international investors, but the maximal percentage of foreign shares differs in various business sectors. Contact InCorp to get the most updated information on the Negative Investment List. International investors tend to open representative offices as a first step to understanding the Indonesian market before setting up a limited liability company. This type is used for marketing and promotion activities and needs the right to sell directly and receive income.

Yes, this mainly applies to import and export businesses. Instead of establishing a company, you can use an under-name import service, an importer of record.

It should take between 30 to 45 days.