Bali, Indonesia, is becoming a favorite destination for retirees seeking a higher quality of life, a stunning climate, and affordable living. This guide provides a comprehensive overview of how to retire in Bali, covering the essential steps, important considerations, top places to live, and practical aspects such as safety, healthcare, transport, and infrastructure.
Why Choose Bali for Retirement
Bali offers a captivating blend of natural beauty, rich culture, and modern amenities, making it an ideal retirement haven. The island is blessed with a warm, tropical climate year-round, pristine beaches, lush landscapes, and a vibrant expatriate community. The cost of living is relatively low, allowing retirees to enjoy a comfortable lifestyle on a modest budget.
First check the basic Requirements for Retiring in Bali
To stay in Bali on a retirement visa, you must meet the following criteria:
- Have an annual income of at least $36,000 (or $3,000 per month)
- Be at least 60 years old.
- Employ local staff for household, gardening or pool
- Have valid health insurance.
- Possess a lease agreement or rental contract for your residence.
- Agree not to engage in any form of employment in Bali.
- Obtain a retirement KITAS (Temporary Stay Permit).
If you meet all the necessary requirements, here is a straightforward roadmap to retiring in Bali.
The 3 Necessary Steps for Retiring in Bali
1. Visa Requirements for the Retirement Visa (KITAS)
The Indonesian government provides a retirement visa (KITAS) for foreigners aged 60 and above. This visa is valid for one year and can be extended annually for up to five years. Requirements include proof of pension or income, health and life insurance, a rental agreement for housing, and sponsorship by an Indonesian agent or individual.
Submitting your application to the Indonesian Embassy or Consulate in your home country, providing the necessary documents, and paying applicable fees are part of the process. Engaging a local agent to assist with the application is highly recommended to ensure all documents are correct.
2. Finance/Budget
While Bali is affordable compared to many Western countries, budgeting for expenses like housing, healthcare, food, transportation, and leisure activities is crucial. Monthly living costs sums up and range mostly from $1,500 to $3,500 per person, depending on your lifestyle.
To manage your finances efficiently, consider opening a local bank account. Major banks in Bali include BCA, OCBC, Permata, Mandiri, and BNI.
3. Healthcare and Insurance
Bali boasts several high-quality healthcare facilities, such as BIMC Hospital, Siloam Hospitals, Kasih Ibu Hospital and the new International Hospital in Sanur.
Comprehensive health insurance is recommended to cover medical expenses. Various international health insurance plans are available, offering coverage for a wide range of medical needs, including emergency evacuation if necessary.
Once you successfully fulfill these three requirements, you are ready to embark on the journey of realizing your dream retirement in Bali.
Additionally, there are a few other important aspects you'll want to explore deeply. Reflect on these extra points to ensure every detail of your dream retirement in Bali is perfect.
Other Important Considerations
Best Housing Options for Retirees
Foreigners cannot directly own land in Bali, but long-term leases (up to 25 years with an option to extend) are available. Renting is a common choice for many retirees, offering flexibility and ease. Options range from luxury villas and modern apartments to traditional Balinese houses. Choose a location that aligns with your lifestyle and preferences.
Legal and Tax Implications
Engage a reputable legal advisor to navigate Indonesian property and residency laws. Understanding the tax obligations both in Indonesia and your home country is crucial. Indonesia has tax treaties with several countries to avoid double taxation.
The Best Places to Live in Bali When Retired
Sanur: Known for its relaxed atmosphere, beautiful beachfront, and vibrant expatriate community. Sanur offers a blend of traditional charm and modern amenities, including excellent restaurants, cafes, shops, and healthcare facilities.
Seminyak: A more upscale area renowned for its trendy boutiques, high-end restaurants, and lively nightlife. Ideal for those seeking a cosmopolitan lifestyle, Seminyak features luxury villas, shopping centers, and wellness centers.
Tabanan: Offers a tranquil and rural setting surrounded by rice fields and scenic landscapes. Perfect for retirees who prefer a peaceful environment, Tabanan provides a slower pace of life and a strong sense of community.
Canggu: A hip and trendy area popular among younger expatriates and surfers. Canggu offers a laid-back lifestyle with a mix of modern and traditional elements, featuring beach clubs, yoga studios, organic cafes, and a vibrant social scene.
Ubud: The cultural heart of Bali, known for its artistic community, yoga retreats, and lush greenery. Ideal for those seeking a serene and spiritually enriching environment, Ubud boasts art galleries, cultural events, wellness centers, and organic restaurants.
Nusa Dua /Jimbaran: Known for luxurious resorts, beautiful beaches, and a calm ambiance. These areas cater to those preferring an upscale and relaxed lifestyle, with high-end resorts, golf courses, fine dining, and excellent healthcare facilities.
Safety, Transport, and Infrastructure
Bali is generally safe for expatriates and retirees, with low crime rates compared to many Western countries. However, standard precautions such as securing your home and being aware of your surroundings are advisable.
Public transport is limited, but taxis and ride-hailing services like Gojek and Grab are widely available. Many retirees choose to rent or buy a scooter or car for convenience. An international driving permit is required.
Bali's infrastructure is well-developed, with reliable electricity, internet, and water supply. While power outages are rare, traffic can be intense, particularly during rush hour in more densely populated areas.
Community and Lifestyle
Bali has a thriving expatriate community with people from various countries, including Australia, the United States, and Europe. Many retirees find it easy to make friends and integrate into the local community through their hobbies, social clubs, events, and activities.
Bali's tropical climate is warm and inviting year-round, perfect for outdoor activities and relaxation. The island is renowned for its world-class wellness options, including yoga retreats, spa treatments, and holistic health centers. Bali also offers a diverse culinary scene, from local Indonesian dishes to international delicacies, with fresh and affordable food readily available at markets and restaurants.
Health
Retirees can choose between exceptional healthcare options, including private clinics, home visits, internationally trained medical staff, state-of-the-art equipment, English-speaking professionals, and dedicated support to enhance overall well-being. All of this comes at an affordable price compared to many other countries.
What Are You Waiting For?
Retiring in Bali offers a unique blend of natural beauty, cultural richness, and modern comforts. By following the necessary steps, considering important factors, and choosing the right location, you can enjoy a fulfilling and vibrant retirement on this enchanting island. With its high quality of life, affordable living, and welcoming community, Bali is an ideal destination for those looking to enjoy their golden years in paradise.
Discover the endless possibilities awaiting you as a retiree by exploring the social media channels like
Retire in Bali Facebook Group:
