A new destiny of the world gains ground as the new mecca for digital nomadsthose people who travel the world while fulfilling their work tasks from their laptops, without their employers requiring their physical presence in offices or other workplaces.
Is about balineseone of the islands that make up Indonesiathis island is the most famous in the country, due to its beautiful beach landscapes, leafy volcanic mountains and its coral reefs. Now, it has become one of the most coveted destinations for digital nomads, because the country plans to issue special visas for this class of workers, with the promise not to apply taxes to your earnings.
watermelon onethe country’s first tourism minister, announced that he plans to launch a “digital nomad visa” that lasts 5 years, to attract the arrival of these remote workers to the country, according to Bloomberg. The official waits for them to arrive 3.6 million visitors that would generate a million jobs for Indonesiansencouraged by the promise that no income tax will be charged as long as the funds come from outside Indonesia.
“In the past, the three S were: sun, sea and sand. We are moving it to serenity, spirituality and sustainability. In this way, we are obtaining a better quality and a better impact on the local economy”, said the Indonesian minister. At the moment, in Indonesia there are other visas that can be used by digital nomads, the problem is that these are only for between 30 and 180 days maximum.
However, given the expectation of the 5-year visa for digital nomads, interest in buying properties in Bali is increasing.
According to Business Insider, in the first half of the year Bali was visited by 371,504 foreign visitors, a number that before the opening of the borders was 51 visitors throughout 2021. The island is exploding with visitors who want to enjoy its beaches and beautiful weather, and indeed who are considering moving there.
“I have never seen so much activity in Bali as in the last 18 months”Nathan Ryan, the founder of Bali Realty, told Insider. “In terms of sales numbers, we’re probably doing three or four times the volume of our usual average for the last decade,” he said.
According to industry experts, the interest in living in Bali is due to the cost of living on the island is relatively cheap. “Here everyone can afford to have a babysitter, have cleaners, have a private chefthat would not be possible with the same budget in any major city in the world”, he commented. Amadeus Forsterco-founder of Bali Real Estate Consultants.
A two-story house, garden and pool can cost about USD 674,022like the one you bought Steve Moorea British businessman who decided that Bali would be a good place for his semi-retirement.
Meanwhile, other digital nomads choose to buy empty land and build a house afterwards. Such is the case of Atiba Belgrave and Ilse De Groot, who in 2018 gave up their permanent jobs to launch themselves into the life of digital nomads.
Since then they have been in and out of Bali and living with temporary rentals that were kept between 14 and 18 million Indonesian rupiah per monthor what is the same to say, $947.26. The problem is that since the island’s borders reopened, rents have increased significantly, even doubling.
Thus, This couple preferred to spend $189,433.26 to purchase land and subsequently build a house located in a small town called Cepaka, just 10 minutes from the beach by car.
Although buying a home in Bali is expensive, it is not impossible. One of the drawbacks for Argentines is the distance from Indonesia, and above all the difficulties to get there. According to the Despegar site, the shortest flight from Buenos Aires to Bali lasts about 32 hours, and has a one-way price of approximately $450,420 pesos.
Bali and all of Indonesia want to position themselves on the globe as one of the emblematic destinations of the world’s digital nomads, to attract more workers of this class to settle there and contribute to the growth of its internal economy, encouraged by the promise that your earnings will remain tax-free.