The culture of Bali is unique, you can see amazing landscapes of rice fields, mountains and also active or dead volcanoes.
Presentation of the country:
Bali is located in the center of the archipelago of the country of Indonesia, it has about 4 million inhabitants. It is nicknamed the Island of the Gods, and is a true paradise. The climate is warm, so the destination is perfect for people who want to retire in a tropical climate.
HDI ranking: 120/196 countries
HDI 0.691 = medium
The human development index is based on 3 criteria health, education and longevity
Average journey times:
Paris – Denpasar: 16 hours 35 mins
London – Denpasar: 15 hours 30 mins
New York – Denpasar: 22 hours 25 mins
Los Angeles – Denpasar: 20 hours 15 mins
Sydney – Denpasar: 6 hours 40 mins
Currency and cost of living:
10 000 Indonesian Rupiah: EUR 0.62 / USD 0.71
Big Mac Index: USD 2,34
Restaurant Meal for 2 People, Mid-range Restaurant, Three-course: Rp 180 000,00
Market – Milk (regular, 1 liter): Rp 19 800,00
Basic Utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment in Denpasar: Rp 1 418 981,48
Monthly Rent for Apartment (1 bedroom) in City Centre of Denpasar: 4 416 666,67Rp
Price per Square Meter to Buy Apartment in City Centre of Denpasar: 12 500 000,00 Rp
How can you live in Bali – residency requirements:
The tourist visa issued before arrival is valid 60 days but if it is issued on arrival at the airport it is only valid for 30 days. In both cases it is renewable once for 30 days only.
French pensioners over 55 years old can apply for a retirement visa to stay for a long time.
Housing in Bali:
Only an Indonesian citizen can own land in Indonesia, but it is possible to legally circumvent this law with the assistance of a competent notary or lawyer.
Taxation:
Concerning the taxation, it depends on the tax agreement between your country and Indonesia. It is this agreement that defines the criteria to be taken into account in determining the country where your tax domicile is located.
If you become a tax resident in Indonesia, your source pensions in your country where you live, remain taxable in your home country. Your other income is taxable in your country of origin or Indonesia as described in the Tax Convention.
Safety:
The sanitary situation of the island of Bali is satisfactory. No vaccine is required for travelers. Public hospitals are not up to world standards, therefore it is necessary to contract a private insurance.
