Investment through a Local Partner: Foreigners can establish a business partnership with Indonesian citizens or entities who will hold the majority share of the company. This often involves setting up a PT PMA (Perseroan Terbatas Penanaman Modal Asing), which is a limited liability company with foreign investment.

Representative Office: Foreign companies can establish a representative office in Indonesia for specific purposes such as market research, liaison office, or coordination with local distributors. Representative offices, however, cannot engage in profit-generating activities.

Working as a Freelancer or Consultant: Some foreigners choose to work as freelancers or consultants in Bali without formally registering a company. This can be feasible depending on the nature of the work and the duration of stay.

Joint Ventures: Foreigners can enter into joint venture agreements with Indonesian companies or individuals to conduct business together. In this setup, profits and losses are typically shared according to the terms of the joint venture agreement.

Nominee Structure: While not legal under Indonesian law, some foreigners attempt to circumvent ownership restrictions by using nominee structures. However, this approach can be risky as it may violate Indonesian law and could lead to legal consequences.