Visa

Indonesia Golden Visa-How To Get One

Published

5 months ago

June 12, 2024

Silas

Investment programs, such as Golden visas, provide an excellent chance for foreigners to establish a new life in a new nation in exchange for a financial investment. Several nations provide these sorts of programs, and Indonesia has lately joined them.

The Indonesia Golden Visa allows international investors to dwell and contribute to the country’s economy. The country offers a variety of investment options, and if you’re interested, you should thoroughly consider each choice to determine which one best matches your needs.

Does Indonesia Have a Golden Visa?

Yes, Indonesia launched a Golden Visa program in September of 2023. So far, this visa scheme is relatively new, and authorities are still refining the eligibility criteria, investment options, and application processes.

However, if you meet the criteria, you can apply for the visa— but ensure you keep up with any changes that may happen.

What Are the Requirements for an Indonesian Golden Visa?

You must belong to the following categories to meet the eligibility requirements for an Indonesia Golden Visa:

An individual investor who wants to establish a company in Indonesia as follows:
With a minimum investment of USD 2,500,000 or approx. 38 billion for a five-year visa.
With a minimum investment of USD 5,000,000 or approx. Rp.76 billion for a ten-year visa.
Directors and commissioners of corporate investors who want to establish a company in Indonesia as follows:
With an investment of USD 25,000,000 or approx. Rp. 380 billion for a five-year visa.
With an investment of USD 50,000,000 or approx. Rp. 760 billion for a ten-year visa.
A foreign investor who can invest in the country in other ways instead of establishing a company:
Invest a minimum of USD 350,000 or approx. Rp. 5.3 billion in Indonesia either to buy government bonds, public
company shares, place deposits in the country, etc., for a five-year visa.
Invest a minimum of USD 700,000 or approx. Rp. 10.6 billion in Indonesia either to buy government bonds, public
company shares, place deposits in the country, etc., for a ten-year visa.

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How Do I Get a Golden Visa for Indonesia?

To get a Golden Visa for Indonesia you need to follow the steps below:

Check eligibility. First, you must make sure you meet the eligibility requirements for this type of visa. The Indonesian government has emphasized that this program is highly selective and only individuals who are able to actively invest in the country will be eligible to apply.
Find out where to apply. If you meet the eligibility requirements, you can go ahead with your application but you need to find out where and how to apply. Given the substantial investment required for this visa, many applicants opt for assistance through authorized channels.
Prepare the required documents. You will need to provide a number of documents, which usually include your passport (which needs to be valid), IDs, proof of your investment, proof of established business, etc.
Submit your application. Finally, you can submit your application and wait while everything is processed and you receive your visa, and enjoy the benefits.

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Do I Need a Residence Permit?

No, the Indonesian authorities have stated that Golden visa applicants will not be required to apply for a temporary stay permit (ITAS) at the immigration office. You are, however, highly encouraged to discuss this with the relevant authorities in charge of your application.

How Long Is an Indonesia Golden Visa Valid?

An Indonesian Golden Visa is valid for five to ten years, depending on your investment.

If your investment grows, so does the validity of your visa as follows:

Investment Amount (USD)	Approx. Rp.	Visa Validity Duration
$2,500,000	Rp. 38 billion	Five-year visa
$5,000,000	Rp. 76 billion	Ten-year visa
$25,000,000	Rp. 380 billion	Five-year visa (for corporate directors and commissioners)
$50,000,000	Rp. 760 billion	Ten-year visa (for corporate directors and commissioners)
$350,000	Rp. 5.3 billion	Five-year visa (for other forms of investment)
$700,000	Rp. 10.6 billion	Ten-year visa (for other forms of investment)

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What Are the Benefits of an Indonesia Golden Visa?

The benefits of an Indonesia Golden Visa, include:

Longer stay. Investor visa holders typically enjoy extended periods of stay in Indonesia compared to other types of visas.
Business opportunities. With an investor visa, you can establish and operate a business in Indonesia, potentially tapping into a thriving market.
Simplified entry. Golden visa holders often experience streamlined entry procedures when traveling to Indonesia.
Strategic location. Indonesia’s geographic location in Southeast Asia provides a gateway to explore neighboring countries easily.