Considering retiring in Bali, with its sandy beaches, friendly locals, and culinary delights, is a dream for many. While having sufficient funds is crucial to ensure a comfortable life, there are key factors to consider before making the leap and relocating.
1. Obtain the Right Visa: The first and foremost step is securing the necessary visa. As of December 2023, Indonesia offers a retirement KITAS (319) designed for individuals aged 60 and above. This temporary residence permit is initially issued for one year, with the option to extend up to five years. After this period, retirees can apply for a KITAP, a permanent stay permit. This multiple-entry visa facilitates seamless travel and allows retirees to open a bank account, lease land, apply for a driving license, own a vehicle, and even enjoy medical assistance discounts.
2. Choose Your Ideal Location: Bali offers diverse areas for retirees to choose from, each with its unique charm and characteristics. Understanding the kind of surroundings you desire is crucial. For nature lovers seeking a tranquil life, Ubud might be the perfect choice. Meanwhile, those who prefer a livelier atmosphere may find Seminyak or Canggu more suitable. Your budget and the type of property you're comfortable with will help determine the ideal location.
3. Ensure Adequate Insurance: Prioritize obtaining comprehensive insurance coverage for both health and belongings. Additionally, consider making investments in Bali to secure your financial well-being during retirement.
At Pandu Consultancy, we understand that transitioning into retirement abroad can be overwhelming. We are here to assist you every step of the way, ensuring a smooth and hassle-free experience.
For further information and our services, please visit our website at www.panduconsultancy.com. Make your retirement dream in Bali a reality with Pandu Consultancy's expert guidance.