Retirement Bali: Enjoy More, Spend Less, Live Better

Imagine trading gray skies and heavy coats for beautiful beaches and fresh ocean breezes. You step outside your villa, coffee in hand, and feel the warmth of the morning sun as palm trees sway gently—no rush, no stress—just another peaceful day in paradise.

Investland Bali has helped many retirees transition to their dream homes. Our expertise in property rentals and investment opportunities makes us a go-to resource for those ready to embrace Bali’s lifestyle.

Why Retire in Bali?

Bali’s welcoming community and wonderful lifestyle attract people looking for a new adventure, establishing it as a true retirement haven. Retiring in Bali provides a unique blend of a wonderful climate, tropical paradise living, affordable costs, and rich cultural experiences.

With a retirement visa, foreigners can enjoy this for up to five years, benefiting from the island’s many amenities, including vibrant beach clubs, charming local warungs, and reliable medical services.

Before Relocating

Step 1: Understand the Living Costs in Bali

Bali’s cost of living is lower than that of many Western countries. While many Europeans here have said they spend a similar amount of money living in Bali as in most European countries, you get much more for your money here. Excellent food, personal cleaners, massages, beauty services, transport, and fuel are significantly cheaper than in Europe. In addition to that, the great weather and the quality of life are outstanding.

Here’s a breakdown of estimated monthly expenses:

• Accommodation: Budget-friendly guesthouses start at $300-$500/month, while private villas or apartments range between $600-$1,500/month. High-end villas with pools can cost $2,000+ per month.
• Food: Street food at local warungs costs as little as $1-$2 while dining at mid-range restaurants may range from $5-$15 per meal. A weekly grocery shop costs around $50-$100.
• Transportation: Renting a scooter costs about $100 monthly, and fuel costs around $0.6 per litre. Car rental costs between??$300-600 a month, but hiring a personal driver and a car is standard when planning more extended trips.
• Utilities & Internet: Electricity and water bills typically range from $50-$100 per month, while high-speed internet is available for $30-$50 per month.
• Healthcare & Insurance: Private healthcare services are widely available, with insurance costs varying depending on coverage.
• Leisure & Entertainment: A gym membership costs around $100 per month, and expats often enjoy social clubs, yoga classes, and beach activities. Most yoga classes are around $10 per class.

A frugal lifestyle is achievable at $1,000 monthly, while comfortable retirement starts at $1,500+ monthly. For a detailed breakdown, read?Investland Bali’s cost of living guide.

Step 2: Plan Your Finances and Long-Term Stay

Retiring in Bali is like stepping into a postcard, but ensuring financial security is key to enjoying this tropical paradise. As a retiree, you won't be able to earn money legally in Bali, so here's how to keep your finances in check:

• Craft a budget that aligns with your lifestyle aspirations—whether you're a beach bum or a cultural explorer.
• Establish an emergency fund and stash some extra savings for those unexpected adventures.
• Get acquainted with local banking practices, money transfers, and currency exchange to keep your finances flowing smoothly.

Securing retirement visas and understanding the financial requirements are crucial for a hassle-free immigration process. Remember, if your Retirement KITAS expires while you're globe-trotting, you'll receive a tourist visa upon re-entry into Indonesia. So, plan wisely and enjoy your golden years in Bali's enchanting embrace!

Step 3: Choose Your Ideal Location & Find Accommodation

Bali is considered safer than many Western towns and cities, and you'll feel warm and welcomed everywhere you go. Yet, Bali has diverse regions catering to different lifestyles:

• Sanur – A quiet coastal town preferred by retirees seeking a peaceful environment.
• Ubud – A cultural and artistic hub with lush jungle landscapes.
• Canggu – A trendy, modern area with beach clubs and an active expat community.
• Uluwatu – A scenic clifftop destination for those who love ocean views and tranquility.

Read more about different regions: "Which region of Bali reflects your lifestyle?"

One way to retire in Bali is to rent a place for yourself. Another savvy option would be investing in building or buying a custom villa or two villas. This way, you could live in one villa while your other villa earns back your monthly living costs. The rental yield in Bali is significantly higher than in many European regions.

Only Indonesian citizens can own land in Bali, so most retirees opt for long-term rentals. However, in Bali, it is possible to lease land for 25 or 30 years and sometimes extend this lease.

Learn more: "How to Buy Property in Bali as a Foreigner: Step-by-Step Guide by Investland Bali."

Step 4: Arrange Healthcare and Medical Insurance

Healthcare in Bali is a mix of private and public services. Private hospitals and clinics offer cheaper medical care than in many Western countries. Bali has many medical clinics and private hospitals that can provide healthcare services.

Health insurance is required to obtain a retirement visa in Bali. Using local brokers can help navigate the best options for appropriate health coverage, especially given the potentially high private healthcare costs. The local community views medical services in Bali as high quality. In 2024, Sanur welcomed a new world-class international hospital staffed by foreign professionals.

Step 5: Secure Your Retirement Visa

To retire in Bali, you need a retirement KITAS (Kartu Izin Tinggal Terbatas), which requires:

• Being 55 or older
• A monthly income of at least USD 3,000 or savings of USD 50,000
• A lease agreement for a home
• A commitment not to work in Bali
• Hiring at least one local Indonesian citizen as household staff
• Valid health insurance

The retirement KITAS is valid for one year and renewable for up to five years. Applicants must show proof of financial security (bank statement) each year and employ a local staff members to maintain their retirement visas. The application process can be handled from inside or outside Indonesia but may require re-entry if processed locally.

Retirement Visa - E33F?

A Retirement KITAS is a one-year stay permit issued to foreigners wishing to retire in Indonesia. This visa allows multiple entries, meaning applicants do not need to apply for a new visa as long as their current one remains valid.

Our valued partner, ILA Global Consulting, is here to assist you throughout the process of applying for a retirement visa and will guide you every step of the way: https://ilaglobalconsulting.com/retirement-visa/

Upon Arrival

Step 6: Navigate Transportation Options in Bali

Getting around Bali is an adventure; understanding transportation options is key to enjoying this tropical paradise. Here’s how to explore the island with ease:

• Scooter Rental: Scooters are a popular and affordable way to navigate Bali’s bustling streets. Renting a scooter costs about $100 per month and offers flexibility to explore hidden gems at your own pace.
• Car Rental: Car rentals range from $300-$600 a month for those preferring comfort. Hiring a personal driver can enhance your experience, especially for longer journeys.
• Public Transportation: While public transportation options are limited, local buses and shared minibusses (bemos) provide a budget-friendly choice for short distances.
• Ride-Sharing Apps: Apps like Grab and Gojek offer convenient and affordable rides, whether you need a quick trip to the local warung or an excursion to the beach clubs.

Step 7: Get Yourself Mobile Service and Internet & Register with a Local Bank

Staying connected and managing finances efficiently are crucial aspects of retiring in Bali. Here’s how to ensure you’re set up for a seamless experience:

• Mobile Service & Internet: Setting up a local SIM card is easy and affordable, with providers like Telkomsel and XL Axiata offering competitive packages. High-speed internet is widely available, with costs ranging from $30-$50 (WIFI included) per month. This ensures you stay connected with family and friends and enjoy streaming services without interruption.
• Local Bank Registration: Opening a local bank account is advisable for managing daily expenses and facilitating currency exchanges. Banks like BCA and Mandiri offer expat-friendly services. Ensure you have your passport, visa, and proof of address when registering.

Step 8: Embrace and Respect Local Customs

Retiring in Bali means immersing yourself in the local way of life. Engaging with local services, ceremonies and businesses also positively impacts the local economy. Respect for traditions and customs is essential:

• Learn basic Bahasa Indonesian to enhance communication. The Balinese appreciate learning the local language, Bahasa, which enhances community interaction. Also, you will get way cheaper deals from local markets and shops.

• Dress modestly when visiting temples and religious sites.
• Participate in local ceremonies and respect Balinese traditions.

Though English is spoken in tourist areas, it is appreciated that people try to learn the local language, which helps in daily interactions.

Step 8: Join the Expat Community

Bali offers a vibrant expat scene where retirees find a sense of belonging. Sports like padel, social activities like book clubs, and vintage car groups are popular. Many retirees spend their days exploring local cuisine, engaging in wellness activities like yoga, and taking part in volunteer opportunities.

How Investland Bali Can Help You Retire in Bali?

Navigating the relocation process can be overwhelming, but Investland Bali makes it seamless. Actually, we have done it before! Take Diana’s story as an example—after years of European winters, she decided to retire in Bali.

With Investland Bali’s guidance, she is now building two ocean-front private villas in Sanur, has secured her visa, and is easily integrated into the expat community. We provided expert advice on legal requirements, property leasing, and community engagement, ensuring her transition was smooth and stress-free.

Read about real-life transitions, like Diana’s villa project, here: Building a New Life in Bali: A Case Study of Diana’s Villa Project. Your dream retirement in paradise is closer than you think.

Your New Beginning in Bali

Retirement isn’t just about stepping away from work—it’s about a new adventure. If you’re considering retiring in Bali and want expert guidance, Investland Bali is here to help. Whether you wish to build a custom villa, invest in our ongoing projects, or need help with all the legal aspects of relocating, we′re here for you: [email protected]