Indonesia offers a Golden Visa program to attract foreign investors, professionals, and business owners. This initiative provides long-term stay permits, making it easier for eligible individuals and companies to establish a presence in the country. Understanding the Indonesia Golden Visa requirements is essential for those looking to take advantage of this opportunity.
What is Indonesia’s Golden Visa?
The Golden Visa is a special permit that grants foreign investors a 5 to 10-year residency in Indonesia. This visa aims to boost economic growth by simplifying the immigration process for investors and top-tier professionals.
Eligibility and Investment Requirements
The Indonesian Golden Visa has different requirements depending on the applicant’s category:
1. Individual Investors Establishing a Company
- 5-Year Stay: Invest at least US$2.5 million in an Indonesian company.
- 10-Year Stay: Invest at least US$5 million in an Indonesian company.
2. Corporate Investors Establishing a Company
Directors and commissioners of a company can apply if the business invests at least:
- US$25 million for a 5-year visa.
- US$50 million for a 10-year visa.
3. Foreign Investors Without a Business in Indonesia
- 5-Year Stay: Place at least US$350,000 in Indonesian government bonds, shares, or deposits.
- 10-Year Stay: Deposit at least US$700,000 in similar financial instruments.
These relaxed investment criteria aim to attract more capital, particularly in Ibu Kota Nusantara (IKN), Indonesia’s new capital city.
How to Apply for Indonesia’s Golden Visa
Applying for the Golden Visa is a straightforward online process. Follow these steps:
1. Visit the Official Immigration Website
Submit an application through evisa.imigrasi.go.id.
2. Prepare Required Documents
- A valid passport (minimum six months validity).
- A passport-sized photo.
- A statement of investment commitment.
- A business plan if opening a company
3. Submit the Application Online
Complete the process digitally for faster approval.
4. Await Approval
Once approved, the visa will be issued, allowing entry into Indonesia.
Key Benefits of the Golden Visa
Holders of Indonesia’s long-term investor visa enjoy several advantages:
- Extended Stay: Live in Indonesia for up to 10 years without frequent renewals.
- Multiple Entry: Enter and exit Indonesia without restrictions.
- No Additional Permits: Avoid applying for a separate Temporary Stay Permit (ITAS).
- Business and Investment Freedom: Easily manage operations without strict restrictions.
- Strategic Market Access: Expand business in one of Southeast Asia’s fastest-growing economies.
Why Indonesia’s Golden Visa Matters
The government introduced simplified Golden Visa policies to encourage foreign investments, particularly in IKN. Previously, foreign companies needed a minimum investment of US$25 million, but now they qualify with just US$5 million for a five-year stay. Similarly, the 10-year requirement dropped from US$50 million to US$10 million. These changes make it easier for businesses to enter the Indonesian market.
Moreover, companies expanding to IKN do not need to meet the turnover requirements imposed on businesses in other regions. This policy creates a more attractive investment climate.
Indonesia’s Golden Visa as a Strategic Opportunity
Indonesia’s Golden Visa program is a game-changer for foreign investors and professionals. With reduced investment requirements, a streamlined application process, and multiple benefits, this visa makes Indonesia a prime destination for global business expansion. If you meet the Indonesia Golden Visa requirements, now is the perfect time to invest and establish a presence in this thriving market.
Source: jogja.imigrasi.go.id, imigrasi.go.id
Image: Getty Images
