Visa4Bali – Youth is indeed a time when we want to work hard and use the time we have to get what we want. Working hard, buying property, going on vacation and having a happy family seems to be the dream standard for many people, including for foreigners around the world. But have you ever thought about how you will spend your old age in the future? Do you still want to live in the midst of the hustle and bustle and the bustle of the big city where you have lived all this time? We think, it would be better if you choose the right place with a quiet, calm, safe, comfortable and peaceful atmosphere without any disturbance and even crowds from many people.
Bali is one of the regions in Indonesia that has many beautiful and serene places to live. In fact, there are many foreigners (not Indonesian citizens) who live and decide to retire and live forever in Bali. Are you one of them? If you are one of the people who are planning to spend your retirement on the island of Bali, here are important things that you must pay attention to and understand first.
The requirements for a retirement visa are actually quite easy, namely foreigners must be at least 55 years old, have health and life insurance and submit the necessary documents. The visa will be valid for 1 year, and can be extended for up to 5 years. Then after that, you can only apply for a permanent residence permit.
And from a financial point of view, you must be able to prove that you have a pension fund of at least USD 1520 per month or a savings of USD 18270. Then for a place to live you will rent a property for more than USD 380 per month for at least one year.
You can ignore all of the above requirements if you are married to an Indonesian citizen, and live in a house registered under your spouse’s name. However, keep in mind that you will not be allowed to work either in Bali or remotely and will have to hire an Indonesian domestic helper in your new home.
Even though you have come to Bali several times before for vacations and know which places are included in your criteria for finding your home later, it would be better if you consult with local residents because spending time on vacation and retirement are two very different things. . Usually most of the people who decide to retire will prefer in the areas of Tegallalang, Umalas and Pererenan. This is because this area is not only popular among expatriates as a place with a peaceful atmosphere without sacrificing accessibility, but also because it is close to the tourist destinations of Canggu and Petitenget. It would be even better if you seek and get help from a real estate agent to make it easier to find your place to live later.
Now it’s not even people who are nearing retirement who want to immigrate in Bali, but digital nomad workers are now starting to be found in the Berawa area. Because they are not required to work in an office, they will look for a comfortable and quiet atmosphere and place to live. If you have decided to retire in Bali, there is nothing wrong with trying to learn Indonesian and understand the way of life of the local people in Bali. This will really help maintain your economy and make you feel how friendly Indonesian people are if you master Indonesian. You should prepare savings and look for the right house from now on if you want to live and grow old in Bali.