Bali Retirement Visa: Best place to retire in Bali from age 55

Best place to retire in Bali

Bali, the famed “Island of the Gods” in Indonesia, has become an increasingly popular retirement destination for expats seeking an idyllic place to spend their golden years.

Retiring in Bali is a dream for many. With its beautiful beaches, warm climate, and friendly locals, it's an ideal place to spend your golden years.

Let’s talk about why Bali might just be the retirement paradise you’ve been dreaming of.

The reality of retiring in Bali

Bali Retirement Visa offers a unique blend of tranquility and excitement. The island is renowned for its stunning beaches, vibrant culture, and affordable cost of living. Compared to Western countries, the cost of daily expenses, housing, and healthcare is significantly lower, making Bali an attractive option for retirees. The island’s warm climate year-round is another appealing factor, especially for those looking to escape colder climates.

What is a retirement visa?

The Retirement Visa Bali, officially called the Limited Stay Permit (KITAS Lansia), allows retirees over 60 years of age to live in Indonesia for an extended period. It provides access to Bali’s laid-back lifestyle, affordable cost of living, and vibrant expat community.

You may be considering a Bali retirement visa. Indonesia offers a retirement visa program known as the “Indonesia Retirement Visa” or “Social Visa for Retirement.” This visa allows retirees to stay in Bali or other parts of Indonesia for an extended period, typically for a year with the possibility of renewing it multiple times.

Why do people love the best place to settle in Bali?

Everyone wants to retire and live in a stress-free tropical paradise. Now a day’s best place to retire in Bali for you! Retiring in Bali doesn’t have to be a permanent move; it can be a vibrant and rewarding chapter during your active retirement years, offering a truly unique lifestyle experience.

• Reasonable cost of living. It’s not as cheap as it once was, but living expenses here are much lower than in the West.

• Tropical climate. It’s warm and pleasant all year round.

• A varied environment. From beautiful beaches to imposing mountains and live volcanoes, there’s something for everyone in Bali.

• Plenty of amenities. There are gyms, golf courses, medical clinics, supermarkets, etc. galore on the island. You won’t have to give up your hobbies here. You may even find new ones.

• A lot of people have already made the move to Bali and if you’re worried you may feel a little isolated, then worry not. People from all over the world call Bali their home, and there are many opportunities to mix and talk with people from all corners of the globe.

How much does it really cost to live in Bali?

Depending on the lifestyle you choose to lead when you retire to Bali, the cost of living in Bali overall is more favourable. Bali can be as expensive or as cheap as you want to make it, depending on how you choose to live. A good-quality Nasi Goreng in a local warung (local café) might set you back no more than Rp30,000, whereas in a five-star hotel it might cost you as much as Rp200,000.

For the locals in Bali, it is very much an “eating out” culture. The majority of the local population is attracted to the southern tourist areas from their villages to work in the tourist industry. These locals normally live in small rooms (known as a “Kost”) which have limited cooking facilities, and therefore they are forced to eat out for every meal, making the local warungs affordable.

Bali Second Home Visa: Exclusive residence permits in Indonesia

The Bali Second Home Visa is designed for specific foreign nationals and former Indonesian citizens who have a desire to reside in Indonesia and contribute positively to the country's economy.

Indonesia is offering “second home” visas in a bid to attract wealthy foreigners to the South East Asian country for a long-term stay. The visas are for durations of five and 10 years for a stay in Bali.

Eligibility for Bali Retirement Visa Options for living in bali

To living in Bali long-term, you’ll need a retirement visa, also known as a Retirement KITAS (Limited Stay Permit).

Age: - You must be 55 years of age or over

Work: You must have no plan to work in Indonesia.

Life & Health Insurance: The insurance provider can be a company of your choice but must provide coverage in Indonesia

Home: You must have at least a 1-year lease agreement

Maid/HelperYou must hire two domestic helpers (maid, gardener, pool attendant)

Funds: You must give evidence that you can support yourself with either a bank statement showing over US$36,000 in the account or proof of other support payments equalling this, such as investment or pension.

Essential Documents for Retirement Visa Bali Requirement

• A copy of your valid passport—the passport should have at least 18 months of validity.

• A letter stating that you intend to employ domestic help.

• You need to prove your lease with a copy of your signed contract agreement, which clearly shows the amount you leased the unit for and the owner’s details.

• A copy of your health and life insurance policies. This is to ensure that you will not become incumbent on the state in the future and are able to care for yourself.

• Copy of your bank account statement or proof that you are receiving a regular dividend from your investment or pension or any other documentation that proves you have enough funds to support yourself.

Bali Insight Living provides a concierge service for those looking to retire or stay in Bali for an extended period. We connect you with trusted, professional contacts to ensure you make well-informed decisions and enjoy a smooth transition to your new lifestyle. Contact us for a free, no-obligation 20-minute chat.