Bali offers foreign retirees a unique blend of warm hospitality, tropical landscapes, and a relaxed lifestyle. In this comprehensive guide, we’ll explore key factors when planning your retirement in Bali– from the cost of living to avenues for property ownership, and relevant visa/KITAS options to ensure a compliant entry into the region.
Key Considerations When Retiring in Bali
How much does it cost to retire in Bali?
One of the pulling factors for many expats who choose to retire in Bali is the relatively low cost of living when compared to most Western countries. While expenses can vary greatly depending on your lifestyle choices, you can still live comfortably on a budget between USD 900 to as much as USD 5,000 per month.
Below you’ll find an overview of typical monthly expenses:
| Expenses | Cost Range (USD) |
|---|---|
| Rent - For a one-bedroom apartment in the city center to a three-bedroom villa in prime areas. - Prices can vary based on property type (whether it’s a standard apartment or a villa with a private pool) and location. | 300 - 1,500 |
| Utilities - Includes electricity, water, and gas. - Depends overall consumption. | 60 - 200 |
| Internet - High-speed internet connection. | 15 - 30 |
| Dining and Groceries - Mix of local and Western food, eating out, and cooking at home. | 300 - 600 |
| Transportation - Includes scooter rental ($50 - $70 per month), car rentals ($200-300 per month), and ride-hailing apps. - Excludes taxi fares which tend to start from $0.30 to $0.60 per km. | 50 - 300 |
| Healthcare Insurance - From basic to premium international coverages. | 45- 300 |
| Entertainment - Activities such as movies, gym membership, etc. | 100 - 300 |
| Total Estimated Cost *Expenses can vary significantly based on lifestyle and housing preferences. | 870 - 3,230 |
Keep in mind though that these estimates can fluctuate based on ongoing economic situations and local regulations. For a more detailed breakdown of living costs and lifestyle options in Bali, check out our guide to relocating to Bali, Indonesia.
Overview of Healthcare for Retirees in Bali
Healthcare is a crucial consideration for retirees looking to move to Bali. Indonesia does not have a public healthcare system for foreigners but the region has made great strides to improve their medical facilities and services.
The island now boasts several international-standard hospitals and clinics, particularly in areas like Denpasar, Seminyak, and Ubud. Some top healthcare facilities in Bali include:
- BIMC Hospital (Kuta and Nusa Dua).
- Siloam Hospitals (Denpasar).
- Bali Royal Hospital (Denpasar).
It’s important to note that comprehensive private health insurance is essential for retirees in Bali. Your insurance should cover treatment in Indonesia and medical evacuation if necessary. Emerhub’s relocation experts can provide localized insights on the best insurance options tailored to your specific needs, and assist with any paperwork and registrations.
Buying or Leasing Your Bali Property
When it comes to housing in Bali, retirees have two options: renting or leasing a property. Due to Indonesian property laws, foreigners cannot own freehold property directly and may only hold freehold ownership titles through incorporating a PT PMA company in the region. Take a look at our related post on how to buy property in Bali to learn more about this process.
Here are several alternatives for you to secure long-term accommodation in Bali as a foreign retiree:
Long-Term Rentals: You can choose to rent villas or apartments through a yearly agreement. This option allows you to bypass property ownership.
Leasehold Property: Foreigners can acquire leasehold rights to property in Bali for up to 80 years which allows you to ‘own’ rights to the property throughout the lease period. This is convenient for long-term residents.
Emerhub’s property services can assist you in finding locations in Bali that suit your needs and budget. Our team of experts can also guide you through the entire process– from property search to negotiation and acquisition. This also includes acquiring essential building permits and licenses for ensuring that your property investment complies with Bali’s regulations.
Retire in Bali Through the Retirement Visa
How to Retire in Bali with the Retirement KITAS?
The primary option for retirees in Bali is the Retirement KITAS (Limited Stay Permit for Retirees). This visa allows foreign retirees to live in Bali long-term with annual renewals for up to 5 years. There are two sub-options to the retirement KITAS:
- The E33G Residence Permit (valid for 1 year)
- The E33E residence permit (valid for 5 years).
It is important to note that both of these visas do not permit employment. For more flexibility or a permanent move, however, you may consider a Retirement KITAP (Permanent Stay Permit) after holding a Retirement KITAS for four consecutive years. This permit allows you to stay in Bali for up to 5 years at a time and can be renewed indefinitely.
Application Process for the Retirement Visa in Bali
To be eligible for the Retirement KITAS, you must 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).
- Possess health and life insurance that is valid in Indonesia.
- Proof of property rental or ownership in Bali.
- Employ at least one Indonesian staff member (as a housekeeper or driver).
Our local visa and relocation experts can help you navigate through your moving needs in Bali and our team can apply for all necessary permits and licenses on your behalf. We can also help you find a suitable location in the region and set up a lease or rental agreement.
Planning to retire in Bali? Reach out via the form below and we’ll connect you with one of our relocation experts to kickstart the process!