Whilst many people dream of owning and running their own business, only a tiny minority of them would ever consider doing so in another country, but that is exactly the opportunity that owning and renting one or more Bali villas offer. In its simplest terms, this business involves you owning or having a share in luxury villas in Bali and renting them out to holidaymakers, business travellers, and those wishing to live in Bali for prolonged periods.
Whilst we trust that seems like a relatively simple model, it is not without its pros and cons, and that means if you wish to consider starting such a business, there is a right way and a wrong way to proceed. We wish to focus on the right way to start a Bali villas business, so below we have outlined some tried and tested best practices.
Familiarise Yourself With Local Business Legislation And Regulations
Beyond studying the business models of owning and renting out Bali villas to satisfy yourself that is one you are keen to pursue, you need to be fully aware that you are going to be doing business in another country. As such the laws and regulations relating to owning and running businesses will differ from your home country. In particular, laws relating to foreign nationals owning a business and property will differ.
