Golden Visa Indonesia: Invest and Reside Safely

Looking to invest and stay long-term in Indonesia? The Indonesian Golden Visa program lets you do just that. This visa grants entry and residency for five or ten years without constant renewals. All it takes is a qualified investment, such as buying Indonesian government bonds or placing funds in approved public companies. Whether you’re an individual investor or a returning ex-citizen, the program offers a re-entry permit and the chance to live, work, and contribute to the country’s growth on your terms.

What is the Indonesian Golden Visa Program?

The Indonesian Golden Visa is a program launched by the Indonesian government in September 2023 to attract foreign investors. It allows you to get a residency visa by investing in Indonesian government bonds, bank deposits, or even shares in a public company.

This could be perfect if you want to stay in Indonesia for a while. The program offers a five-year or ten-year visa, depending on how much you invest. It’s all about giving visa holders a chance to live and do business in the country without the hassle of renewing their visas. Golden visa holders benefit from long-term residency and reduced bureaucratic hurdles for business operations.

The golden visa program isn’t just for big corporate investors either. Individual investors can also apply, whether you’re looking to invest in a lovely apartment worth a certain amount or put money into mutual funds. You could be eligible if you meet the minimum requirements and submit the correct documents.

This initiative aims to make Indonesia more open to global talent, foreigners, and ex-Indonesian citizens who want to return and contribute to the country. It also helps boost the economy through investment and new services.

Eligibility and Categories

The Indonesian government has established nine categories for the golden visa, including individual investors, directors or commissioners of a company, ex-Indonesian citizens, descendants of ex-Indonesian citizens, and more. Some categories require sponsorship from the Indonesian central government.

The requirements for each category vary, but generally include a commitment to invest, proof of funds, and a limited stay permit. The ex-Indonesian citizen visa is a special category designed for former Indonesian citizens and their foreign children, offering specific durations, extension options, and associated costs.

Investment Options

You must commit to a substantial financial investment to qualify for the Indonesian Golden Visa. The amount depends on the visa type and duration you apply for. Generally, you can choose between a five-year or ten-year visa, based on how much you’re willing to invest.

Here are the main options available:

• E28B – Investors Establishing a Company
  If you’re planning to start a business in Indonesia:
  
  • 5-year visa: Requires a minimum investment of $2.5 million.
    
  • 10-year visa: Requires a minimum investment of $5 million.
    
• E28C – Investors Without Establishing a Company
  For individuals who prefer not to set up a business:
  
  • 5-year visa: Requires a minimum investment of $350,000 in Indonesian government bonds, publicly traded stocks, or bank deposits.
    
  • 10-year visa: Requires an investment of $700,000 in financial instruments or $1 million in Indonesian real estate.
    
• E28D – Directors or Commissioners Establishing a Company
  Designed for high-level executives planning to build a business presence in Indonesia:
  
  • 5-year visa: Requires an investment of $25 million, plus documented proof of at least $100,000 in turnover or sales from a foreign company, verified through financial audits by an international public accounting firm.
    
  • 10-year visa: Requires an investment of $50 million, along with the same audit-backed turnover documentation as the 5-year option.

What Can You Invest In?

So, what can you invest in? There are a few paths. You can buy government bonds, make a bank deposit, purchase shares in a public company, or go big by establishing a company in Indonesia. These choices are all part of the Golden Visa program to attract foreign and corporate investors.

Where Your Money Needs to Go

But here’s the catch: your money must go into a state-owned Indonesian bank or a public company listed on the Indonesian Stock Exchange. That means you can’t just stash it anywhere. You’ll also need to show proof, such as financial statements, documents, and a financial audit report.

Who Can Apply?

The Indonesian golden visa is a great opportunity for foreigners, individual investors, and even ex-Indonesian citizens who want to return and contribute to the country’s growth. If you’re looking for a limited stay permit and want to enjoy life in Bali while helping the economy, this could be your path.

Benefits for Foreign Investors

• The benefits of the Indonesian Golden Visa include a temporary residency visa, streamlined procedures for establishing and operating businesses in Indonesia, and reduced bureaucratic red tape.
• The visa provides investors with a stable and secure environment in which to live and work in Indonesia.
• The visa validates 5 to 10 years, providing investors with a long-term residency solution.

Application Requirements

• The application fees for the golden visa range from 12 million rupiah (US$737) to 19.5 million rupiah (US$1,197), depending on the category and duration of the visa.
• The application requirements include a commitment to invest, proof of funds, and a limited stay permit.
• The application process typically takes 40 business days, but can be expedited for an additional fee.

Application Process

• To apply for the Indonesian Golden Visa, foreign investors must apply to the Indonesian immigration office.
• The application must include all required documents, including proof of investment, proof of funds, and a limited stay permit.
• The application process can be complex, and it is recommended that foreign investors seek the assistance of a qualified immigration lawyer.

How to Apply for the Indonesian Golden Visa

Applying for the Indonesian Golden Visa involves several steps that must be carefully followed to ensure a successful application. Here’s a step-by-step guide to help you through the process:

1. Determine Your Eligibility: First, check if you meet the Indonesia Golden Visa program requirements. The categories include individual investors, ex-Indonesian citizens, descendants of ex-Indonesian citizens, global talent, and retirees. Each category has specific criteria, so make sure you qualify before proceeding.
2. Gather Required Documents: You’ll need to provide various documents depending on your chosen category. These typically include a valid passport, proof of income, proof of investment, and, if applicable, proof of relationship to an Indonesian citizen. Ensure all documents are up-to-date and meet the immigration office’s standards.
3. Choose Your Investment Option: Select one of the approved investment options. You can purchase government bonds, make a bank deposit, or invest in a public company. Each option has its requirements and benefits, so choose the one that best aligns with your financial goals.
4. Submit Your Application: Once you have all your documents and have chosen your investment, submit your application to the Indonesian immigration office. Make sure to include all required documents and pay the application fee. Double-check everything to avoid any delays.
5. Wait for Processing: The immigration office will review your application and may request additional information or documentation. Processing times can vary depending on the category and complexity of your application, so be prepared for a waiting period.
6. Receive Your Golden Visa: Once your application is approved, you’ll receive your Indonesian Golden Visa. This visa is valid for 5 or 10 years, depending on your investment. Congratulations, you’re now ready to enjoy the benefits of living and investing in Indonesia!

Tax Implications for Individual Investors

• The tax implications for individual investors vary depending on the category and duration of the visa.
• The Indonesian government offers a range of tax incentives for foreign investors, including a reduced corporate tax rate and exemptions from certain taxes.
• It is recommended that individual investors seek the advice of a qualified tax professional to understand their tax obligations.

Residence Permit for Indonesian Citizens and Ex-Indonesian Citizens

The Indonesian Golden Visa program also offers a residence permit for Indonesian and ex-Indonesian citizens. The ex-Indonesian citizen visa is a special category for former Indonesian citizens and their foreign children. The residence permit is valid for 5 to 10 years, providing individuals with a long-term residency solution. The application requirements and process for the residence permit are similar to those for the golden visa.

Golden Visa Vs Investor Visa Comparison

If you’re considering long-term residency in Indonesia through investment, there are two main options: the Investor Visa (KITAS) and the Golden Visa. The table below compares their key features, including visa duration, investment requirements, benefits, and application processes.

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