A DOMA publication

DOMA Journal

What happened in Bali — and what it means for your money. A daily digest on real estate, regulation, visas and the market, plus a free weekly PDF issue.

07:30new digest every morning, Bali time
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DOMA Journal, issue 1

Bali closes 18 business sectors to new foreign companies — real estate included

  • 18 KBLI codes closed to new PT PMA, including 68111 real estate
  • Bank Indonesia holds at 5.75% as the rupiah trades near 17,977
  • Digital land revaluation opens a 20–40% valuation gap
  • June arrivals 623,592 (+3.5% y/y), high-season occupancy 70–80%

All digests

Bali today, 28 July 2026: Bank Indonesia governor's shock exit — what it means for a currency buyer

On 27 July 2026 Bank Indonesia governor Perry Warjiyo resigned nearly two years early; senior deputy Destry Damayanti takes over as acting governor. The rupiah weakened to ~17,990 IDR/USD, is down more than 7% in 2026 and remains Asia's weakest currency. We unpack it without rate forecasts: the two sides of a weak rupiah for a villa buyer paying in USD, AUD, EUR or another currency.

Bank Indonesia governor resignsRupiah and the currency buyer

Bali today, 27 July 2026: Indonesia bets on wellness tourism — a tailwind for Ubud

Indonesia's Ministry of Tourism has set a course to develop wellness tourism: in 2024 the segment drew 13.35% of foreign arrivals, and the Global Wellness Institute values the global market at $6.8 trillion. We also unpack the provincial 'quality tourism' regulation with proof-of-funds checks on entry, and the expansion of Ngurah Rai airport to 32 million passengers by 2031 — and what it all means for a villa buyer.

Wellness tourism and UbudEntry rules 2026Airport and connectivity

Bali today, 26 July 2026: authorities are closing villas over zoning breaches — inside the 2026 inspection campaign

Through 2026 a special committee of the Bali parliament (Pansus TRAP) has been inspecting villas and recommending closures for zoning and coastal-setback violations: Villa Vedas in Tabanan and the Plataran complex in Buleleng are among the targets, with 21 offenders identified across the island. We look at what is happening, what owners risk, and why it argues for buying from a developer with a verifiable permit pack.

Zoning and permitsVilla inspections and closuresCoastline

Bali today, 24 July 2026: the island closes 18 sectors to new foreign companies, including real estate

Bali has closed the OSS licensing system to new foreign companies (PT PMA) in 18 low-risk sectors — among them the owning and leasing of real estate (KBLI 68111). Existing licences remain valid but face tighter scrutiny. We look at what this changes for a buyer of a rental villa, and, as backdrop, the push for a zero-tax international financial centre.

Regulation and PT PMAReal estate and rentalsInvestment climate 2026

Bali today, 23 July 2026: Bank Indonesia holds the rate at 5.75% and bets on capital inflows

Bank Indonesia kept its benchmark rate at 5.75% and chose to court foreign capital rather than tighten — while the rupiah still weakened. Separately, we look at fresh market data: tourist arrivals fell 6.4% year on year in April, yet hotel occupancy rose. What it means for a buyer holding foreign currency.

Finance and FXMarket in numbersRental demand

Bali today, 21 July 2026: island development plan, a second airport and a water taxi to Canggu

The ATR/BPN minister set out four priorities for Bali — spatial planning and curbs on land conversion front and centre. North Bali is being prepared for a special-purpose airport, and a water taxi could cut the airport–Canggu trip to 30 minutes. Indonesia's golden visa has passed 1,274 grants and Rp52.1 trillion in investment. What it means for investors.

Island developmentInfrastructureVisas

Bali today, 20 July 2026: digital land valuation and tighter checks on foreigners

Indonesia rolls out a Single Land Value system on digital zone maps — properties with electronic documents could gain 20–40% in appraised value. Bali immigration deported 342 foreigners in six months. A 30% green-space rule is under discussion. What it means for investors.

Land & valuationVisas & enforcementZoning