Indonesia has taken another significant step towards becoming a leading investment destination in Asia following the approval of legislation establishing the Indonesia International Financial Centre (Pusat Finansial Indonesia Internasional/PFII). Alongside introducing one of the country’s most attractive tax incentive packages, the new law places the Indonesia Golden Visa programme at the centre of the government’s strategy to attract global investors, financial institutions, and international talent.
While implementing regulations are still being prepared, the legislation signals Indonesia’s intention to strengthen its position as a regional financial hub by combining favourable tax policies with long-term immigration pathways for qualified foreign investors.
If you are considering relocating, investing, or expanding your business into Indonesia, understanding how the Indonesia Golden Visa fits into this new framework could prove valuable.
What is Indonesia’s New International Financial Centre?
The newly approved legislation establishes a dedicated international financial jurisdiction that will operate under its own regulatory and administrative framework.
Unlike a conventional Special Economic Zone (SEZ), the International Financial Centre has been designed specifically to support global financial services while attracting foreign capital into Indonesia.
Businesses operating within the designated financial centre may become eligible for several fiscal incentives, including:
- 100% Corporate Income Tax exemption
- Personal Income Tax exemption for eligible foreign financial professionals
- Non-resident tax treatment for qualifying Indonesia Golden Visa holders
- Exemptions from withholding tax on certain overseas investment income
- Relief from Value Added Tax (VAT), Luxury Goods Sales Tax, and selected import duties
- Additional tax incentives introduced through future government regulations
Although the exact location has yet to be officially announced, Bali’s Kura Kura Special Economic Zone remains among the locations being considered.
How Does the New Financial Centre Benefit Indonesia Golden Visa Holders?
One of the most notable provisions of the legislation is its connection to the Indonesia Golden Visa programme.
Under the new framework, eligible Golden Visa holders associated with the International Financial Centre may receive non-resident tax status, allowing them to enjoy favourable tax treatment while residing within the designated jurisdiction.
Although further details will be clarified through implementing regulations, this development demonstrates how Indonesia is integrating immigration policy with investment incentives to attract internationally mobile entrepreneurs, executives, family offices, and institutional investors.
What is the Indonesia Golden Visa?
Introduced in July 2024, the Indonesia Golden Visa is a long-term residence programme created to encourage foreign investment and attract highly qualified global talent.
Unlike standard residence permits, the Golden Visa offers a longer period of stay for investors who make qualifying investments into Indonesia.
Currently, eligible individual applicants may obtain:
- A five-year Indonesia Golden Visa by investing at least US$350,000 in qualifying Indonesian government bonds, bank deposits, or publicly listed company shares.
- A ten-year Indonesia Golden Visa with a qualifying investment of US$700,000.
Separate investment criteria also apply to corporate investors, company founders, directors, commissioners, and institutional investors.
While the programme provides long-term residency, it does not automatically grant Indonesian citizenship or permanent residency. Instead, it offers greater flexibility for foreign investors who wish to establish a long-term presence while contributing to Indonesia’s economic development.
As of 18 May 2026, the programme had reportedly generated approximately IDR 52.1 trillion in investment through 1,274 Golden Visas, with corporate applicants contributing the majority of total investment.
What Are the Requirements to Apply for an Indonesia Golden Visa?
The eligibility requirements vary depending on the applicant category. In general, applicants must satisfy the relevant investment thresholds established by the Directorate General of Immigration.
For individual investors, requirements typically include:
- A valid passport with the required validity period
- Proof of qualifying investment in accordance with the selected visa category
- Supporting financial documentation
- Immigration application documents required by the Directorate General of Immigration
- Compliance with prevailing Indonesian immigration regulations
Corporate applicants may be required to provide additional documentation relating to company ownership, investment value, or executive appointments.
Because requirements may vary depending on the chosen Golden Visa category, applicants are encouraged to seek professional guidance before submitting their application.
Read more about Golden Visa Indonesia
Which Businesses Will Operate Within the Financial Centre?
The International Financial Centre is intended primarily for international financial services rather than general commercial activities.
Permitted sectors are expected to include:
- Banking
- Insurance
- Capital markets
- Pension funds
- Bullion trading
- Family offices
- Accounting
- Legal advisory
- Financial consulting
To maintain its international focus, businesses operating within the zone will generally be restricted from raising capital from Indonesian retail investors or providing services directly to Indonesia’s domestic consumer market outside the designated jurisdiction.
The financial centre will also have its own governance structure, including a presidentially appointed governor, a dedicated arbitration institution, and a specialised court.
What Still Needs to Be Confirmed?
Although the legislation has now been approved, several important aspects remain subject to future implementing regulations.
The government has yet to announce:
- The official location of the International Financial Centre
- Which businesses will qualify for tax incentives
- How non-resident tax status will apply to Indonesia Golden Visa holders
- Operational requirements for companies within the financial centre
- The official implementation timeline
These details are expected to be introduced through subsequent government regulations.
Why This Matters for Foreign Investors
The creation of the International Financial Centre reflects Indonesia’s broader ambition to become a preferred destination for international investment and financial services.
Combined with the Indonesia Golden Visa, attractive tax incentives, and continued improvements to the country’s investment framework, the initiative may create new opportunities for multinational businesses, institutional investors, family offices, and entrepreneurs seeking a long-term base in Southeast Asia.
However, investors should also recognise that company establishment, immigration, tax obligations, licensing, and investment structures remain subject to Indonesia’s evolving legal framework. Careful planning and professional advice remain essential before making investment decisions.
Apply for an Indonesia Golden Visa with Lets Move Indonesia
Whether you are considering the Indonesia Golden Visa, establishing a PT PMA, expanding your business, or relocating to Indonesia, Lets Move Indonesia provides end-to-end immigration and business consultancy services tailored to foreign investors and global professionals. At Lets Move Indonesia, we help simplify every stage of your investment journey.
Stay updated and stay compliant with Indonesia’s latest immigration and business regulations with Lets Move Indonesia. Contact our consultants today to explore the best pathway for your investment and long-term stay in Indonesia.
