15 Profitable Business Ideas & Opportunities in Bali

Bali has become a popular destination for both tourists and entrepreneurs. In 2023, it was ranked the second most popular tourist destination in the world by TripAdvisor, attracting millions of visitors. 

This influx of tourists, along with the rise of wellness retreats, eco-friendly ventures, and digital nomad communities, has created many business opportunities. 

Whether you’re interested in tourism, wellness, or catering to the growing digital workforce, Bali offers a variety of options. In this article, we’ll cover 15 most profitable business in Bali along with payment solutions to support your success in this thriving market.

Read more: How Foreigners Can Legally Start a Business in Bali

1. Event planning and destination weddings

Bali is a dream destination for couples looking to tie the knot in paradise. Event planning and destination weddings have become a profitable business, with couples from around the world flocking to Bali for its beautiful beaches, lush landscapes, and exotic venues. 

Wedding planners can offer comprehensive services, including venue selection, decoration, catering, and even cultural ceremonies, creating a unique experience for couples. With Bali’s growing popularity as a wedding destination, the demand for event planning services continues to rise.

2. Property management and vacation rentals

With Bali’s tourism booming, property management and vacation rentals are in high demand. This has become one of the most profitable business models in Bali, especially with the help of vacation rental platforms.

Entrepreneurs can invest in properties or manage them on behalf of others, offering short-term rentals to tourists seeking a home-away-from-home experience. 

Whether it’s luxurious villas, beachfront bungalows, or private apartments, there are plenty of opportunities to cater to both budget and high-end travelers. Additionally, vacation rental platforms make it easier than ever to manage and market properties to a global audience.

3. Education and skill-based training centers

Bali’s expat community, as well as the growing digital nomad population, presents a demand for educational and skill-based training. Offering courses in areas like language learning, digital marketing, business development, and even traditional Balinese arts can attract both tourists and locals. 

These centers can also provide certifications or workshops in wellness, sustainable living, or hospitality, adding value to the local economy while supporting personal and professional development.

4. Travel services

As a top tourist destination, Bali’s tourism and hospitality sector is booming. Businesses in this field can range from luxury resorts and boutique hotels to guided tours and travel agencies. 

Operators can offer specialized tours that cater to niche markets, such as cultural tours, nature excursions, or culinary experiences. Local businesses can benefit from the steady stream of visitors by providing services like transportation, restaurant dining, and local experiences.

5. Eco-tourism and green practices

Bali’s natural beauty is one of its biggest attractions, and eco-tourism has become a thriving industry as more travelers seek sustainable travel options. Eco-friendly accommodations, green tours, and experiences centered around nature conservation are gaining popularity. 

Entrepreneurs can offer activities like hiking, wildlife tours, and sustainable farming experiences, all while promoting eco-conscious practices. By tapping into the growing desire for responsible travel, businesses can create a lasting impact on Bali’s environment and its tourism industry.

6. Health and relaxation centers

Bali is known for its wellness culture, and the demand for wellness retreats and spa services is constantly growing. From yoga and meditation retreats to detox programs and luxury spas, businesses in this sector can cater to tourists seeking relaxation and rejuvenation. 

Entrepreneurs can create a sanctuary for mind and body through wellness resorts, holistic therapies, and healthy food options, helping clients achieve physical and mental well-being.

7. Sustainable farming and crop production

Bali’s agricultural industry is ripe for innovation, and sustainable farming presents a lucrative opportunity. 

With the rise of health-conscious consumers, sustainable farming is fast becoming one of the most profitable businesses in Bali. Businesses in organic or sustainable farming can supply fresh, locally grown produce to restaurants, markets, and health food stores. 

Entrepreneurs can also explore farm-to-table dining experiences, where guests can dine in scenic farm locations while enjoying the freshest ingredients grown right on-site.

8. Handmade crafts and local artworks

Bali is renowned for its rich cultural heritage, and its handicrafts and artisanal products are sought after by visitors looking for unique souvenirs. 

Entrepreneurs can tap into this market by selling handwoven textiles, handmade jewelry, wood carvings, pottery, and more. 

These products not only reflect Bali’s traditional craftsmanship but also appeal to eco-conscious consumers who value locally made, sustainable goods.

9. Remote worker hubs and co-working spaces

As Bali becomes an increasingly popular destination for digital nomads, there is a growing demand for co-working spaces that cater to this community. 

Providing flexible, high-quality workspaces equipped with fast internet, meeting rooms, and a productive environment can attract freelancers and remote workers from around the globe. 

Additionally, offering amenities like social events, networking opportunities, and wellness activities can help create a vibrant community for digital professionals.

10. Food and beverage businesses

Bali’s food scene is diverse, ranging from local street food to international fine dining. Entrepreneurs can capitalize on this by opening restaurants, cafes, food trucks, or offering cooking classes for tourists. 

Local cuisine, such as nasi goreng and satay, is always in demand, but there’s also room for fusion restaurants and healthy eating options. With Bali’s strong tourism draw, culinary ventures can thrive by appealing to both locals and tourists seeking unique dining experiences.

11. Aquatic sports and outdoor adventure

For those looking to tap into Bali’s natural beauty and adventure tourism, offering water sports and adventure activities is a highly profitable business. 

Surfing, snorkeling, diving, and stand-up paddleboarding are popular activities, but businesses can also offer guided tours, equipment rentals, or water sports training. 

Entrepreneurs can expand by offering land-based activities like hiking, zip-lining, or ATV tours to attract thrill-seekers and adventure enthusiasts.

12. Wellness and exercise facilities

As Bali attracts health-conscious tourists and locals, health and fitness studios are in high demand. These businesses can cater to a wide range of clientele, from tourists to locals, and are part of the most profitable business ideas in Bali focused on holistic health and fitness.

These businesses can offer services like yoga classes, pilates, personal training, group fitness sessions, and more. 

With Bali’s reputation for wellness and lifestyle, creating a fitness space with a focus on holistic health, mental well-being, and body care can provide steady growth. A combination of luxury and affordability can cater to a wide range of clientele, from tourists to locals.

13. Clothing stores

Bali’s fashion scene blends local artisanship with global trends, making it an ideal destination for boutique retail businesses. Entrepreneurs can open clothing stores or sell accessories that highlight Bali’s rich textiles, unique designs, and sustainable fashion choices. 

Bali’s growing expat population and tourists from around the world are always looking for stylish, locally crafted pieces to take home as souvenirs or add to their wardrobes.

14. Pet services and supplies

As Bali’s expat and tourist communities continue to grow, so does the demand for pet services. Businesses offering pet grooming, boarding, pet supplies, and even dog walking can tap into this niche market. 

With more people bringing their pets to Bali or adopting animals locally, there is a need for pet care services that cater to both local and international clients. This growing industry provides various opportunities for entrepreneurs to provide a high standard of care for furry friends.

15. Green energy and sustainable solutions

With increasing awareness about sustainability and the environment, Bali is becoming a hub for green energy initiatives. Entrepreneurs can explore opportunities in solar energy installation, waste management solutions, water conservation systems, and eco-friendly product development. 

As Bali moves toward a more sustainable future, businesses in the green energy sector can contribute to the island’s eco-conscious image while benefiting from the rising demand for green solutions.

Efficient payment solutions for foreigners business owner in Bali

Running a business in Bali as a foreigner comes with many opportunities, but managing payments efficiently can be a challenge. From handling transactions with international clients to paying suppliers in different currencies, having a seamless cross-border payment solution is essential. 

However, traditional banking methods often come with high fees, slow processing times, and complex regulations, making it difficult for businesses to maintain smooth financial operations.

This is where International Remittance software comes in. These modern payment solutions streamline financial transactions, allowing business owners to manage their revenue, pay suppliers, and serve global customers with ease. 

Key benefits of international remittance software for Bali-based businesses

By adopting an international remittance solution, business owners in Bali can focus on growing their ventures, improving customer experiences, and expanding their global reach without being held back by financial complexities.

1. Lower transaction fees

Unlike traditional banks, remittance platforms charge lower fees, helping businesses save money when processing payments from international clients or suppliers.

2. Faster cross-border payments

Transactions are processed quickly, reducing delays in receiving payments from customers or making timely payments to vendors and employees.

Read more: How to Transfer Money Internationally: 5 Ways & Protips

3. Secure and transparent transactions

Modern remittance platforms use encryption and fraud detection, ensuring secure transactions. Business owners can also track payments in real time for better financial control.

4. Multi-currency support

With Bali’s international market, businesses often deal with multiple currencies. Remittance software allows seamless currency conversions, making payments easier and avoiding unfavorable exchange rates.

Read more: International Money Remittance Software: Guide & Comparison

Best international remittance solutions for business in Bali

Mekari Expense International Remittance solutions is the best option for foreign business owners in Bali, providing a seamless way to manage cross-border transactions while keeping costs low and cash flow steady. 

Mekari Expense International Remittance solutions provide the speed, security, and cost efficiency you need to operate successfully in Bali’s growing market.

By choosing Mekari Expense, you can focus on business growth without the hassle of complex banking procedures.

References

Invest in Asia. ”10 Business Opportunities in Bali: Which are the Most Profitable?”