Thinking about retiring somewhere with a chill vibe? Bali might be more than just a vacation spot. The Indonesian island actually ranked fourth on the 2023 Global Retirement Index (GRI), meaning it’s a pretty good place to settle down to retire.
Bali offers a tropical paradise, a warm climate, and a relatively low cost of living. Whether you dream of a beachfront villa or a quiet jungle retreat, Bali has something for every retiree. Let’s break down the real deal about retiring in Bali.
What You Need to Retire in Bali
To retire in Bali, there are a few requirements to meet:
- Age and Intent: While there’s no strict age limit, you should be of retirement age and genuinely intend to live there.
- Visa: You’ll need a social or retirement visa, called a “Retirement KITAS,” valid for one year and extendable.
- Financial Stability: Show you have enough money to support yourself during retirement. The exact amount can change, so check with Indonesian authorities.
- Health Insurance: You must have health insurance, either international or local, to cover medical costs.
How to Retire in Bali
Retiring in Bali involves several steps:
- Get a Visa: Apply for a social or retirement visa at an Indonesian embassy or consulate in your home country. This visa allows you to live in Bali for one year.
- Find a Place to Live: Choose the type of accommodation that suits your lifestyle and budget. Bali has a range of options, from apartments to villas.
- Bank Account: Open a local bank account for managing your finances, which is often a requirement for your visa.
- Healthcare: Invest in health insurance for medical coverage. Bali has good healthcare facilities, but insurance is important.
- Local Communities: Bali has active expat communities in places like Ubud, Sanur, Seminyak, and Canggu. Join clubs and social activities to make new friends.
The Cost of Retiring in Bali
One of the biggest draws for retiring in Bali is its affordability. Here’s a breakdown of some average costs to consider, but remember these can vary depending on your preferences:
1. Accommodation: The price significantly depends on the location. Renting a one-bedroom apartment in a city center can range from $300 to $700 per month, while beachfront villas in tourist hotspots like Seminyak can reach $2,500. Quieter towns like Ubud might offer more affordable options.
2. Utilities: Monthly bills for essentials like electricity, water, and internet typically range from $50 to $150.
3. Dining: Eating out at local warungs (small, family-run restaurants with home cooking menu) is very affordable, with meals costing $3 to $8. However, frequenting Western restaurants will increase your food budget.
4. Transportation: Scooters are a popular choice for getting around, with rentals costing $50 to $70 per month. Gasoline is also reasonably priced.
5. Healthcare: Indonesian health insurance costs vary based on the coverage, but are generally lower than in Western countries.
6. Additional considerations: Remember to factor in potential costs like furniture rental/purchase, visa renewal fees, and home staff if you choose to hire them.
The Best Places to Retire in Bali
Bali offers various regions to choose from, each with its own unique appeal. Here are some top places to consider:
Ubud: A peaceful and artistic hub known for its jungles and cultural richness.
This apartment complex located just 10 minutes from central Ubud and the Bali Bird Park. Choose from fully furnished one-bedroom apartments or two-bedroom townhouses. Public facilities included swimming pool, a sauna, shared parking space and an open-air children’s playground. Click here to discover more details, pricing, and ownership title.
Sanur: A relaxed coastal town on the eastern side with a welcoming community.
This 2 bedroom villa strategically located in the Sanur beachside, 30 minutes drive from Ngurah Rai International Airport. Its spacious garage fits for a car and two scooters. An open plan living area where the lounge, dining area and kitchen will be the heart of the villa. You can learn more about the rest of the detail here.
Seminyak: A vibrant area with upscale dining and shopping
Welcome to the villa where modern style combine perfectly with simplicity. This villa has total 22 units, each unit ranging from 80 to 153 sqm has 2 bedrooms, 2 bathrooms and private pool. Offered for 25 years of leasehold. Find out here for the price and details of the unit.
Canggu: Ideal for those who love modern and elegant living
Just 10 minutes drive to the famous Canggu and Berawa, this villa has luxury jacuzzi, modern kitchen and dining in the first floor. The second floor consist of storage, laundry and 2 en-suite bedrooms with amazing view to the rice fields and sunset. Offered fully furnished, this villa has leasehold title for 30 years. Check out this page to discover more about the property.
Nusa Dua: An upscale area with luxury resorts, golf courses, and a calm atmosphere.
Nestled in a peaceful neighborhood, this cozy two-story house offers two bedrooms with two bathrooms and swimming pool. On the second floor, there is a terrace with a cozy relaxation area, featuring a canopy of ilang-ilang and green plants, offering views of the nearby jungle. Click this page to learn more about the price and the ownership title. Â
Easy Retirement with Seven Stones IndonesiaÂ
Turn your Bali retirement dream into reality! Contact Seven Stones Indonesia today. We will guide you through the legal requirements, like obtaining a retirement visa, and help you find your perfect cozy nest for your stay.
Ready to get started? Reach out to us via Whatsapp at +62 (0) 877 7711 7701, email us at [email protected] , or simply fill out our contact form below with your inquiry. Let’s discuss your retirement plans and see how Seven Stones Indonesia can help make them a reality.
