In a bid to enhance its immigration policies and accommodate the evolving needs of expatriates, Indonesia has announced a series of significant changes to its visa regulations. The recent amendments, detailed under Peraturan Menteri Hukum dan Hak Asasi Manusia Nomor 22 Tahun 2023, will be effective from December 31, 2023.
Key Changes to Visa Categories
- Golden Visa Introduction: Indonesia introduces the Golden Visa, offering an exclusive opportunity for qualified individuals.
- Amended Investment Requirements: The minimum investment amount for Investor KITAS with a 1-year validity has been revised to 10 billion IDR and above.
- Inclusion of Investors in Working KITAS: Investors are now eligible for Working KITAS, expanding opportunities for foreign professionals.
- Retirement KITAS Updates: Retirement KITAS applicants must be a minimum of 60 years old, with proof of income or pension equivalent to USD 3,000 or its equivalent. Previous prerequisites, such as trade travel agency permits and employment of Indonesian personnel, have been eliminated.
- Second Home Visa: To qualify for the Second Home Visa, applicants must maintain funds in a state-owned bank in the name of a foreigner, with a minimum of USD 130,000 or equivalent. Alternatively, purchasing a condominium/apartment above USD 1,000,000 is acceptable.
Introduction of the Golden Visa
One of the most notable updates is the introduction of the Golden Visa. This allows foreigners to enjoy a special status in Indonesia by meeting certain criteria, thus promoting investment and tourism in the country.
Changes for Investor KITAS and Working KITAS
- The minimum investment amount for all-year validity Investor KITAS has been amended to 10 billion IDR and above. This change aligns with the previous update that applied to Investor KITAS with a 2-year validity.
- Investors and Foreign Directors who do not meet the recent requirements now have the option to convert their KITAS to the Working KITAS immediately before the new regulation applies.
- This amendment also extends to the conversion of B211 to Investor KITAS, which requires the applicant to provide proof of their investment record amounting to 10 billion IDR and above.
- Effective since 2nd November 2023, the application process for Investor KITAs has already changed to follow the new regulation.
- Special requirements for the Investor KITAS include the submission of a. Dokumen akta pendirian b. SK pendirian c. NIB d. Bank Account Statement Record for the last 2 months
Changes for Retirement KITAS
The issuance of a new Izin Tinggal Terbatas (Limited Stay Permit) and the conversion of a Visit Visa to a Limited Stay Permit are now available for foreign senior tourists. To be eligible, individuals must be at least 60 years old and provide proof of income or a pension equivalent to USD 3,000 or its equivalent. Various previously required documents, such as a travel agency trade permit, pension funds, health, and life insurance policies, accommodation proof, and employment of Indonesian personnel, are no longer necessary.
For existing KITAS Lansia holders who applied before this regulation took effect, the previous criteria under Permenhumkam Nomor 27 Tahun 2014 remain valid, with a minimum age of 55 years.
Second Home Visa
The new regulations under Permenhumkam nomor 22 tahun 2023 require maintaining funds in a state-owned bank in the name of a foreigner, amounting to USD 130,000 or its equivalent. Alternatively, purchasing a condominium/apartment with a value exceeding USD 1,000,000 or its equivalent also qualifies.
Additional Information
- The need for a SKTT (Foreign Worker Identification Number) for various types of residence permit applications has been eliminated. It can now be replaced with a statement and guarantee provided by the foreign national, guarantor, or responsible party.
- Passport validity for all KITAS types must be a minimum of 6 months.
- Passport mutation or travel document data for foreign nationals holding ITAS or ITAP residing outside Indonesia is now available through online application.
- In addition, applications, including renewals, change of status, reports, and other procedures, submitted or in process before this circular takes effect, will continue to follow the regulations under Prmenhumkam Nomor 29 Tahun 2021 until 31st December 2024.
Adjusting to the New Regulations and Obtain a Visa EasilyWith LetsMoveIndonesia
Given the complexity and ever-evolving nature of Indonesia’s visa regulations, expatriates need a trustworthy and professional partner to navigate the system with ease. In this regard, LetsMoveIndonesia is the perfect companion for your visa application to Indonesia. Their team of experts possesses the experience and competence to streamline the process efficiently, ensuring compliance with the latest immigration regulations in Indonesia. With transparent, cost-effective services, LetsMoveIndonesia offers a reliable solution to your visa needs.
Furthermore, navigating the visa landscape in Indonesia may seem daunting, but with the right partner by your side, it can be a smooth and successful journey. Trust LetsMoveIndonesia to make your transition to this beautiful country as seamless as possible.
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