Pre-Investment Visa is expected to open the gate for foreign investors to foresee the opportunity to enter the Indonesian market. The Sub-coordinator of Public Relations at the immigration agency, Achmad Nur Saleh, stated that the Pre-Investment Visa is aimed at international investors to create a more favourable investment climate for middle to upper-class foreign nationals.
In this article, we will discuss this new type of visa, its requirements and benefits.
What is a Pre Investment Visa and who is eligible to apply for this visa?
The pre-investment visa is a type of visa that allows foreign investors to enter the country and explore potential investment opportunities before deciding to invest.
The visa enables investors to easily travel to Indonesia and forecast business prospects in their desired sector, as well as handle fundamental administration with local organisations such as BKPM, lawyers, and notaries.
What are the types of Pre Investment Visa in Indonesia?
Single Entry Visa C12
The C12 Pre-Investment Visa is a newly introduced visa category to enter Indonesia, specifically designed for foreign individuals seeking to explore business opportunities before committing to an investment. It grants a stay of up to 180 days (6 months) in Indonesia. However, it’s a single-entry visa, requiring you to reapply for a new visa if you leave the country during this period.
Multiple Entry Visa D12
A multiple Entry Pre-Investment Visa applies to foreigners who carry out activities to start a business, including field surveys and/or feasibility studies (multiple entry visa).
This visa has 2 types of validity periods; 1 year and 2 years of stay and extendable with 180 days of stay permit per visit within a year for as long as the visa is still valid.
How long can an investor stay with a Pre Investment Visa?
The new Pre-Investment Visa allows you to stay for 180 days as an investor to assess pre-market entry research in Indonesia. Despite its longer initial period, this visa is not extendable.
Do we need a guarantor to apply for Pre-Investment Visa?
According to the new regulations, both Pre-Investment Visas and Tourist Visit Visas do not require guarantors for the application.
How much does it cost and how to apply for this visa?
Pre-Investment Visa requires you to pay IDR 6,000,000 for the application, according to The Ministry of Immigration press release.
To apply for the visa, an applicant must first register for an account at molina and complete an online form. After that, they will have to complete the payment via credit or debit card with the Visa, Mastercard, or JCB logo. The card does not have to be under the applicant’s name.
Finally, once you have completed the application and payment, the applicant will receive their visa document via email in electronic form. This new service offered by Indonesian immigration aims to simplify the investment process and make it easier for foreign investors to assess potential business opportunities in Indonesia.
To apply for a pre-investment visa, the foreign national must provide the following travel documents:
- A valid passport with at least 12 months of validity
- A letter of recommendation from a sponsoring company in Indonesia or a government agency
- A letter of intent explaining the purpose of the visit and the business activities that will be conducted in Indonesia
- Proof of financial capacity to cover the cost of the stay in Indonesia
- A return ticket or evidence of onward travel
- Personal bank statement with a minimum amount of USD 5,000 or equivalent for the last 3 month period.
The pre-investment visa is just one of the types of visas foreign nationals can use to do business in Indonesia. Other types of visas include the business visa, the work visa, and the investor visa can be options to aid your business trip to Indonesia.
Ready to assess a new business in Indonesia?
By utilising a Pre-Investment Visa, foreign investors could assess the prospect of the Indonesian market for their desired business. Furthermore, you could also start to process the required administrative documents before setting up a company in Indonesia. Pre-Investment Visa is a perfect solution for international investors to optimise their investment process and get more knowledge about how to run a business in the country.
As the most trusted partner for Visa and Market Entry in Indonesia, LetsMoveIndonesia’s best services will help your business entry in Indonesia run smoothly.
If you have any questions about your visa application or if you plan to set up your business in Indonesia, make sure to contact us and we will be happy to help! Reach us at one of these contact details: WA: +62 812 9260 0590, T: +62 21 300 297 27 (Jakarta) T: +62 361 934 8343 (Seminyak) T: +62 361 939 9406 (Canggu), T: +62 361 280 789 (Sanur), or e-mail us at [email protected]
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