Retiring in Bali: Visa, Living Costs, and Why Aussies Choose It ?

Bali has become a top choice for people looking to retire. It offers a relaxed lifestyle and beautiful scenery. Many people, especially Australians, find it an ideal place to spend their golden years.

This article will explain why Bali is so popular, what you need to know about the Retirement Visa Bali Requirement, the retire in Bali cost of living, and why Aussies prefer moving to Bali.

Why Bali is the best place for Retirement?

Bali is often called the "Island of the Gods." It has a warm, tropical climate all year round. Imagine waking up to sunshine every day, with gentle breezes and lush green views. This pleasant weather is a big draw for retirees who want to escape colder climates.

Beyond the weather, Bali offers a rich and unique culture. The Balinese people are known for their friendliness and welcoming nature. There are many colorful ceremonies and festivals throughout the year. This cultural richness adds a special charm to daily life. You can explore ancient temples, enjoy traditional dances, and experience a slower pace of life.

Another reason to why choose Bali is its supportive expat community. There are many groups and social activities where you can meet like-minded people. This makes it easy to make new friends and settle into life on the island.

Read more related [Retiring in Bali: The Ultimate Guide to a Dream Retirement]

Retirement Visa Bali Requirement

If you are thinking about Moving to bali, you will need a special visa. This is called the Retirement KITAS (Kartu Izin Tinggal Terbatas), which means Limited Stay Permit Card. To get this visa, you generally need to meet certain conditions:

• Age: You must be at least 55 years old.
• Income: You need to show proof of a stable income or pension. This should be at least USD $1,500 per month or USD $18,000 per year. Some sources suggest a higher amount, like USD $3,500 per month for the Silver Hair Visa, which offers 5 years validity.
• Accommodation: You must have a confirmed rental agreement for a property in Indonesia for at least one year.
• Health and Life Insurance: You need to have valid health and life insurance that covers you in Indonesia.
• No Work Intention: You must state that you do not intend to work in Indonesia. The retirement visa does not allow you to be employed.
• Sponsorship: You must use an authorized Indonesian retirement or travel agency to sponsor your visa application. You cannot apply for this visa by yourself.
• Domestic Helper: You may also need to show proof of employing a domestic helper.

The application process usually involves submitting various documents like passport copies, bank statements, and a letter stating your intentions. It's best to work with a reputable visa agent to ensure everything is done correctly.

Why Aussies Prefer Moving to Bali

Australians have a special connection with Bali. It's a short flight away, making it easy to visit family and friends back home. This closeness is a big advantage for those who want to retire abroad but still stay connected.

Beyond geography, there are several reasons why Aussies prefer moving to Bali:

• Affordability: As mentioned, the cost of living is significantly lower than in Australia. Australians often report saving 30-40% compared to living in their home country. This allows their retirement savings to stretch further.
• Warm Climate: Bali's year-round warm weather is a welcome escape from Australia's chilly winters.
• Relaxed Lifestyle: Bali offers a slower, more relaxed pace of life. This is often exactly what retirees are looking for after years of working.
• Similarities in Lifestyle: Many aspects of life in Bali, like the outdoor living and casual atmosphere, resonate with the Australian way of life.
• Established Expat Community: There is a large and friendly Australian expat community in Bali. This makes the transition smoother and provides a support network.
• Domestic Support: It is common and affordable to have household help in Bali. This can include cleaners, gardeners, and even cooks, making daily life much more convenient.
• Healthy Living: The emphasis on fresh food, outdoor activities, and wellness appeals to many Australians seeking a healthier lifestyle in retirement.

Conclusion

In conclusion, Bali offers an attractive package for retirees: beautiful scenery, a welcoming culture, a low cost of living, and a straightforward visa process.

For Australians, in particular, its proximity and shared values make it an even more appealing choice for a fulfilling retirement.