Indonesia is seen as one of the most potential investment fields for the past few years, rebounding to 3.7 per cent of growth in 2021 and reaching 5.1 per cent in 2022, accelerating into 2023 with a strong projection of pent-up demand. Indonesia holds the position as a middle-income country with growing income levels and will rise to upper-income status by 2030, according to World Bank. To support the development of international investment prospects, The Directorate General of Immigration announced the Pre-Investment Visa release along with the update of Tourist Visit Visa regulations on January 2023.
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 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.
How long can an investor stay with Pre-Investment Visa?
The new Pre-Investment Visa grants 180 days of stay for an investor to assess pre-market entry research in Indonesia. Despite its longer given 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 Visa and Tourist Visit Visa 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 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
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 other options to aid your business trip to Indonesia.
Ready to assess a new business in Indonesia?
By utilising Pre-Investment Visa, foreign investors could assess the prospect of the Indonesia Market for their desired business. Furthermore, you could as well 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 accommodate your business entry in Indonesia runs 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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