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Golden Visa Indonesia – Who is it for and what are the benefits
The laws and regulations regarding Indonesia’s Golden Visa are set out in the Minister of Law and Human Rights Regulation (Permenkumham) Number 22 of 2023 concerning Visas and Stay Permits. In Chapter V on Golden Visas, Article 184 explains the following:
The Golden Visa is a grouping of limited stay visas, limited stay permits, permanent stay permits, and re-entry permits for a certain period, namely a maximum of 5 or 10 years. The Golden Visa is granted for investment, family reunification, repatriation, and second homes.
The Golden Visa Indonesia is eligible for foreign investors to invest without having to establish a company in Indonesia.
Types of Golden Visa Indonesia Based on Validity
5-year Stay Visa
Foreign investors who do not intend to establish a company but wish to reside in Indonesia for 5 years must invest USD 350.000 (approximately IDR 5.3 billion). This investment can be used to purchase Indonesian government bonds, shares in public companies, or for savings/time deposits in banks.
- Scan a copy passport that is valid for at least 12 months
- Bank statement with a minimum amount of USD 5,000 or equivalent
- A recent Photograph with passport size (4x6)
- Curriculum Vitae
- Travel Itinerary (if any)
- Statement of commitment that must be fulfilled within 90 (ninety) days from the date of entry into Indonesia, such as:
- Purchase of Indonesian Government bonds worth USD 350.000 (three hundred fifty thousand US Dollars) for a stay period of up to 5 years or
- Purchase of shares or mutual funds in public companies in Indonesia worth USD 350.000 (three hundred fifty thousand US Dollars)
10-year Stay Visa
For a longer stay of 10 years, the required investment amount is USD 700.000 (approximately IDR 10.6 billion). This allows investors to benefit from greater investment opportunities and make a more substantial contribution to the Indonesian economy.
Requirements to Obtain the 10-years Indonesia Golden Visa
- Scan a copy Passport that is valid for at least 12 months
- Bank statement with a minimum amount of USD 5,000 or equivalent
- A recent Photograph with passport size (4x6)
- Curriculum Vitae
- Travel Itinerary (if any)
- Statement of commitment that must be fulfilled within 90 (ninety) days from the date of entry into Indonesia, such as:
- Purchase of Indonesian Government bonds worth USD 700.000 (seven hundred US Dollars) for a stay period of up to 10 years or
- Purchase of shares or mutual funds in public companies in Indonesia worth USD 700.000 (seven hundred US Dollars) for a stay period of up to 10 years or
- Purchase of a flat or apartment worth at least US$1,000,000 (one million US Dollars) for a stay period of up to 10 years.
Other Types of Golden Visa Indonesia
Aside from the common Golden Visa E28C, there are more options of Golden Visa that can be chosen based on the purpose.
Individual Investors Establishing a Company in Indonesia
- Five-Year Visa: For a 5-year stay, individual foreign investors planning to set up a company in Indonesia must invest a minimum of USD 2.5 million (approximately IDR 38 billion). This investment can be in the form of share purchases, company establishment, or other investment activities that support the local economy.
- Ten-Year Visa: For those who wish to stay for 10 years, the investment requirement increases to USD 5.000.000 (approximately IDR 76 billion). This investment aims to ensure a long-term impact on the Indonesian economy.
Corporate Foreign Investors
- Five-Year Visa: Corporate investors, including directors and commissioners, who wish to stay for 5 years in Indonesia must establish a company and invest USD 25.000.000 (approximately IDR 380 billion). This investment aims to support job creation and economic growth through significant company establishment.
- Ten-Year Visa: For a 10-year stay, the investment requirement is USD 50.000.000 (approximately IDR 760 billion). This demonstrates a greater commitment to have a broader and more sustainable economic impact.
Steps to get your Golden Visa Indonesia
- Prepare and provide all the requirements. Lets Move Indonesia can help to navigate the right documents you need to provide to avoid the complexity.
- Submit all the documents to the Indonesian Immigration website
- The approval will be sent to you via e-mail
- The Golden Visa will be sent to your email and can be used to enter Indonesia..
Common Questions About Indonesia Golden Visa
Is Golden Visa Extendable?
Yes, the visa holders can extend their Golden Visa for certain periods. Speak to our Visa Consultants to learn more about the recent Golden Visa Indonesia.
Can I include my family in my Golden Visa application?
Yes, the Golden Visa allows for the inclusion of dependents (spouse and children) under certain conditions.
What are the tax implications of holding a Golden Visa?
Golden Visa holders are still subject to Indonesian tax laws, but there might be certain tax incentives or benefits depending on your investment activities.
Can I work remotely for a foreign company while holding a Golden Visa?
Yes, the Golden Visa is designed to attract foreign talent, including remote workers, as long as you meet the income requirements.
Are there any restrictions on where I can live or travel within Indonesia with a Golden Visa?
Golden Visa holders have the freedom to live and travel anywhere within Indonesia.
Want to know more about similar Visa options? Check out some of the other Indonesia Visas below:
Other Popular Visa Indonesia for Business Purpose
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