Home Blog How to Open a Real Estate Agency in Bali Bali | Indonesia How to Open a Real Estate Agency in Bali InCorp Editorial Team 4 August 2023 4 minutes reading time Table of Contents Requirements for Starting a Real Estate Agency in Bali How InCorp can Assist In Indonesia especially Bali, the real estate industry has gained significant benefits. This is why many foreigners are trying to get into this profitable industry by setting up a real estate agency in Bali. Over the past decade, the price and demand for property in Bali rose prominently. As of now, it is almost impossible to find a commercial property for rent for less than IDR 200 million a year. But here’s the good news – in 2019, Bali’s property prices have become more stable than in other areas in Indonesia. Therefore, the prices haven’t risen or fallen dramatically for the past year. For the most part, the surging property demand in Bali is propelled by tourism. According to a report from Bali Province Tourism Development Statistics, in May 2023, Bali welcomed 439,745 foreign tourists, which was 6.80% more than in April 2023. It also saw a significant 16.49% increase compared to the peak season in December 2022. Doing the calculation, Bali real estate market is a huge industry. To profit from this ever-growing real estate business and register your real estate agency in Bali, you must make sure that you know the requirements. In this article, we will put more emphasis on the licenses that you will need to get your business up and running. Requirements for Starting a Real Estate Agency in Bali Meeting certain requirements and obtaining business licenses are an inevitable part of starting your real estate agency in Bali. In Indonesia, requirements may vary by state and province. The specific business licenses and permits that are mandatory under the Indonesian Law are the following: Spatial Utilisation License Utilisation and Function Plan License Environmental Permit Location Permit Spatial Utilisation License This license permits real estate agents to use a particular space for space utilisation of spatial planning in Bali. It is used to control space utilisation and create a systematic society space. For spatial utilisation in the special economic zone, you will need to prepare an RDTR. Read more: Everything You Need to Know about Real Estate Transaction in Indonesia Utilisation and Function Plan License Another license is known as the Utilisation and Function Plan License. This license allows realtors to develop condominiums. You need to obtain this license from the city mayor. Environmental Permit You must also get an Environmental Permit to carry out your real estate business activities that have an adverse impact on the environment. These activities involve waste emission into the air or water. Securing this environmental permit means that you will have a plan to counteract the waste and pollutant emission issues and a team of trained personnel for waste and pollutant control on-site. Location Permit Last but not least is the location permit. This permit makes it possible for foreigners to invest in the real estate sector. Foreigners can use the land under the location permit for business or investment purposes. How InCorp can Assist While there are a lot of benefits for anyone intending to set up a real estate agency in Bali, like everywhere else in the world, there are still some considerations for investors. Starting a real estate agency in Bali can prove to be a challenging process without the appropriate assistance from professionals. InCorp is a licensed Bali real estate consultants business firm in Indonesia serving as a one-stop center in all business aspects to help you set a . Our services include business license application, company registration, due diligence, outsourcing services and visa application. We enable a smooth and hassle-free settlement for you in Bali. For additional information about how to set up a real estate agency in Bali, send us your inquiry today via the form below. Our helpful and supportive representative will get back to you soon. Read Full Bio Verified by David Susandi Branch Manager – Bali Office at InCorp Indonesia Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia. Frequently Asked Questions Get in touch with us. Lead Form Contact Full NameEmailPlease provide corporate email where possiblePhone NumberOffice SetupWhich city are you planning to expand into?JakartaSemarang/Central JavaBali/LombokBatam/SumateraSurabaya/East JavaOther ProvincesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Package (20% OFF)[SPECIAL PACKAGE] Product Registration + License Holder (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (25% OFF) + Office Space (Private Office 30% OFF)[SPECIAL PACKAGE] Company Registration + Investor KITAS (25% OFF)[SPECIAL PACKAGE] Accounting + Tax Services+ Annual Fintax Report (20% OFF)[SPECIAL PACKAGE] Payroll Services for Executive Role (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (20% OFF) + Office Service (25% OFF)[SPECIAL PACKAGE] Company Registration + Micro Finance Services (25% OFF)[SPECIAL PACKAGE] Property Assistance: Due Diligence + AJB Purchase/Lease Agreement (25% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesServices Company Registration Renting Virtual and Serviced Office Business and Import Licenses Corporate Recovery and Insolvency Closing of Company (Dissolution) Land and Property Ownership Shelf Company Local NomineeServices Accounting and Tax Reporting Audit and Review Transfer Pricing Compliance Tax RefundHuman Resource Sub Services Payroll Outsourcing Employer of Record Recruitment and HR Establishment Employment ServiceServices Business Visa Work Permit and KITAS Dependent Visa (Spouse and Family) OtherBusiness Visa Subservices Business Visa Visit Visa Visa ExtensionServices Medical Device Beauty (Skincare and Cosmetic) Food and Beverage Health Supplement Household Product Halal Certification TrademarkServices Legal Consultation Legal Agreement Service Due Diligence and Background Check Company Documents RevisionBusiness Advisory Business Advisory Services ESG Reporting & Advisory Internal Audit Risk ManagementMore Services Market Research and Analysis Local Distributor and Partner Bank AccountMessageSubmit What you’ll get A prompt response to your inquiry Knowledge for doing business from local experts Ongoing support for your business Disclaimer The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind. We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials. We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website. More on Bali The Race of Initial Public Offerings in Indonesia Read more Pay Attention to These 7 Aspects when Preparing a Commercial Contract in Indonesia Read more Vibrant Trade Outlook Makes Indonesia Attractive to Foreign Companies Read more