Indonesia keeps getting better for business. The government is always coming up with new ideas to attract investors and boost the economy. This time, the initiative comes from the Ministry of Law and Human Rights spearheaded by its immigration office.
To help businessmen who apply for the Golden Visa program, Indonesia is introducing a streamlined solution called Bridging Visa. What is it, and how does it work? Let’s find out and see how it can benefit business men looking to settle in Indonesia.
Transitional Stay Permit
In a move to further attract foreign investment, Indonesia’s immigration authorities introduced a groundbreaking policy in late March 2024: the Bridging Visa. This temporary visa acts as a transitional stay permit allowing you to legally reside in Indonesia while your long-term visa application is being processed.
The Bridging Visa is particularly beneficial for investors pursuing the Golden Visa program. Once you’ve submitted your Golden Visa application, a Bridging Visa eliminates the need to leave Indonesia while awaiting the final decision. This translates to uninterrupted business continuity. You can attend critical meetings, oversee your operations, and continue building valuable connections without visa restrictions.
Key Features of Indonesia’s Bridging Visa:
* Validity: 60 days
* Eligibility: Available to foreign nationals currently in Indonesia who have applied for a Golden Visa
* Applicability: Cannot be used by foreign nationals who leave or outside Indonesia
A Bridge to Smooth-track Residency
Indonesia’s Bridging Visa is expected to boost numbers of Golden Visa applicants to attract significant investments. These two policies that offers a fast track to residency for qualified investors also provides numerous benefits, including:
- Long-term Stay: Golden Visa holders can enjoy an extended period of stay in Indonesia, eliminating the need for frequent visa renewals.
- Seamless Entry and Exit: The visa facilitates easy entry and exit from Indonesia, allowing for greater flexibility and convenience.
- Hassle-free Immigration: Golden Visa holders can skip the hassle of visiting immigration offices for regular ITAS (Temporary Stay Permit) extensions.
To qualify for a Golden Visa with a 5-year validity period, foreign individual investors seeking to establish a company in Indonesia must invest a minimum of US$2,500,000.
For a 10-year Golden Visa, the minimum investment requirement increases to US$5,000,000. The Golden Visa Policy has been implemented based on the Regulation of the Minister of Law and Human Rights No. 22/2023 which has been in effect since August 2023.
Seamless Pathway for Your Business
The combination of Indonesia’s Bridging Visa and Golden Visa program creates a seamless pathway for investors seeking to establish their business in this dynamic country. By understanding the advantages and requirements of these visas, you can pave your way to living, investing, and thriving in Indonesia.
Unfortunately, Immigration Office has not yet disclosed the details of the Bridging Visa. While it simplifies your stay during the Golden Visa application, dealing with the entire process can still be complicated.
That’s why partnering with a professional immigration service like Seven Stones Indonesia can significantly reduce complications and save your valuable time. Contact us today or fill in the contact form below to ask away your questions about Indonesia’s visa or other immigration issues. Our expertise will ensure your visa application meets all necessary requirements.
