Over the past few years, the island of Bali has become so popular with foreigners flying here on vacation that there have been some people who have decided to stay and start a business in Bali. Thanks to the newcomers, the island has been transformed so much that now it is filled not only with Asian culture, but also with the colors of other countries of the world. Indeed, given that Indonesia is a country with an actively developing economy, the idea of starting your own business here seems very promising.
Let's take a mental walk through the narrow flowery streets of this island and see which of the business directions are the most popular. We will cover the options that are oriented not only to tourists, but also to locals and foreign immigrants.
Real Estate
Business in Bali related to tourism is very common, but the most demanded area will always be real estate. Cozy bungalows, luxury villas and huge hotel complexes. More than 4 million travelers visit the island every year and they can definitely count on a variety of places to stay.
Yoga studios
Many people fly to Bali for spiritual practices, and for good reason. Beautiful nature, peace and the ocean, this island is ideal for those who seek inner peace and relaxation from the hustle and bustle of the city. Therefore, the large number of studios with a wide variety of practices, from beginner to advanced practitioners, proves the popularity of this destination.
Surfing
Surfing in Bali is considered one of the best in the world, with great waves, warm ocean and endless summer. Surf instructors' lessons are in great demand, as everyone would like to try this art at least once, which is why stores with equipment for water swimming are also common here.
Cafes and restaurants
No other island has such a concentration of the world's most diverse cuisines. In addition to traditional Asian cuisine, there is something for everyone. Missing the homemade cheesecakes? - You're welcome. Are you a vegetarian? - No problem! The establishments compete, if not in terms of cuisine, then certainly in terms of creativity.
Excursions
The local nature is unique and delightful, and there is definitely a lot to see in different parts of the island. Therefore, the services of a guide who will not only help you get to all the attractions but also tell you a lot of interesting things about them will always be useful.
These niches are mainly aimed at tourists, but what if you want to open a business in which your regular customers would be locals?! Identifying such a niche is not easy, you should analyze the life of Balinese people and identify what is regular in use for them and what they lack. Here are some facts about the Balinese that will help you learn more about them and possibly give you a business idea.
Temples and rituals
A family temple is a must at every Balinese home. Moreover, if the locals decide to build a house for their family or business, the construction begins with the construction of the temple. Balinese are ready to spend a lot on religious ceremonies. Rituals and ceremonies with offerings are an integral part of their spiritual culture.
Motorcycles
Motorcycle is the most popular, fastest and convenient means of transportation in Bali. This type of business is booming because of the narrow roads and crazy traffic. Islanders commute from home to work, deliver food and take passengers as a cab using only motorbikes. By the way, such transportation is preferred not only by locals, but also by tourists and immigrants.
Appliances
Having a washing machine or dishwasher in Bali houses is very rare. For the locals it is very expensive, they wash their clothes by hand in the rivers, which are numerous all over the island, where they also bathe. However, there are several self-service laundromats in Bali that are very much in demand. A dishwasher is also considered an overkill, because if you need someone to help you, the locals are willing to wash dishes by hand for a very modest fee.
Real estate agency
A competent professional who knows the island, its neighborhoods, real estate features and pricing policy will be very useful to anyone who has flown to Bali and wants to settle here.
Translation and tutoring services
Knowing Balinese, Indonesian or at least English will make life on the island much easier. Therefore, the services of tutors in these languages will be very useful for those who want to integrate into society. You can also add interpreter services, because the local language is very complex and if you need to solve issues related to documents, it will be difficult without an translator.
Russian-speaking schools
Many people move to Bali with their children, and the availability of Russian-language schools is a real lifesaver for parents. This way the child will continue to learn in their native language while in a new country. And if the school also has a local language teacher, the adaptation process will be smoother.
As our immigrant compatriots who managed to start their own business in Bali say: “You can open any business, the main thing is to make it of high quality!”. After all, there are a lot of opportunities, a growing economy and all favorable conditions to start a business in Bali. To gain confidence in what business exactly to start, you need to fly here, take a good look around and see what this island lacks, what tourists, locals or expats need. But of course, coming up with an idea for a business is still half a job - the most important questions are how to properly register it, what documents will be needed for this, what the procedure is, how this system works in general in relation to foreign investors. In order not to get confused in all the bureaucratic intricacies and save time, you can contact our Good Luck Group company. We have helped more than 40 clients to open a business in Indonesia! Contact us for a consultation.
