Golden Visa Indonesia for Investors and Long-Term Residents
In 2023, the Indonesian government took an initiative to boost the nation’s economy through the program called the Indonesia Golden Visa. This Golden Visa is expected to attract global investors and high-net-worth individuals looking to stay long-term in Indonesia.Â
This can also increase the benefits for business owners to expand their reach to Indonesia. Moreover, this can also open up new opportunities for the locals and help lift the economy. Many investors have submitted their requests for the Golden Visa, and the government has already gained an impressive amount of investment since the program was launched.
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What is the Golden Visa in Indonesia?
The Indonesian Golden Visa is an immigration facilitation given to foreigners to enter and stay in Indonesian territory for 5 (five) and 10 (ten) years in order to support the national economy. Simply put, it is the best visa option for investors. This visa gives foreigners the privilege to stay in Indonesia long-term with no frequent renewals.
Compared to the Golden Visa programs around the world, the one in Indonesia has unique advantages. Unlike in European countries that often require real estate investment, the Indonesian Golden Visa opens up opportunities for other business enterprises.
Records show that in 2024, immigration has issued 417 Golden Visas and attracted IDR 9 trillion ($558 million USD) in investments. This fact is also supported by the growing number of SIDs (single investor identifications) of 22.6% in the first quarter of 2025.
Benefits of the Golden Visa
Residency and Mobility
For those who have been approved for a Golden Visa, it is guaranteed that you can enter and exit the country without having to go through a frequent visa renewal process. This will ease the residency journey and save your time.
Investment Incentives
Indonesia is a notable investment location because of the simplified process of setting up a business and tax advantages. However, this does not mean that everything gets a free pass, you still have to provide requirements and documentation to expand your business or to invest in Indonesia. This type of visa offers business and investment freedom with an easily managed operations process.
Family Inclusion
If you’re bringing family to Indonesia and you are a holder of the Golden Visa, the privileges can be extended to your family members. This allows your spouse and children to enter the country and reside in the country.
Long-Term Stay
A Golden Visa also gives you the opportunity for an extended stay of up to 10 (ten) years. This can also help you avoid the hassle of applying for a temporary stay permit or KITAS.
Benefits of the Golden Visa
The Golden Visa gives advantages to foreign investors to expand their business reach in Indonesia. However, there are qualifications and requirements to meet to be able to earn this visa. If you’re not qualified to apply for the Golden Visa, you can opt for the Second Home Visa. This type of visa is ideal for remote workers and those who plan to live in Indonesia in the long term without making a large amount of investment and setting up a business.
One primary requirement for the Second Home Visa is to have an Indonesian state bank account with a minimum balance of $130K USD or real estate worth USD 1 million with the right to use (Hak Pakai). Foreigners can set up a bank account with KITAS, but lots of local visa agents can help set up the account without going through this process.
Key Differences:
Eligibility: The Golden Visa requires applicants to attach their investment type, while the Second Home Visa only requires a bank statement.
Benefits: Both visas provide long-term stays, but the Golden Visa includes investment incentives and tax breaks.
Target Audience: The Second Home Visa is ideal for retirees and digital nomads, while the Golden Visa targets business investors and entrepreneurs.
Requirements for the Indonesia Investor Visa
Financial Requirements
Individual investors who want to establish a business in Indonesia are eligible for either a 5-year or 10-year Indonesia golden visa. The requirements for individual investors are:
- Proven ownership certificate outside of Indonesia with a minimum share of 20%, which should be supported by financial audit reports.
- The investor must also invest at least USD 2.5 million to establish a business in Indonesia to qualify for the 5-year visa or USD 5 million for the 10-year visa.
- Proof of a living costs fund of at least USD 5,000 per month
- The cost for this application is 13 million IDR (USD 798) for the 5-year visa and 19.5 million IDR (USD 1,197) for the 10-year visa.Â
Next, for individual investors without the intention to establish a business in Indonesia, the requirements are as follows:
- For the 5-year visa, the investor has to have shares in an Indonesian public company worth at least USD 350K or mutual funds in a publicly listed companyÂ
- For the 10-year visa, the investor should give shares in an Indonesian public company worth at least USD 700K or a property in the form of an apartment or flat worth at least USD 1 million.
- The commitment to invest must be made no later than 90 days from the issuance of the limited stay permit
Legal Compliance
Tax records, proof of income, and any other personal identification documents are crucial to this process. Make sure you have prepared them all before applying.
Residency Obligations
Golden Visa holders may be required to spend a minimum amount of time in Indonesia each year to maintain their status. Failure to comply with residency requirements may result in visa revocation.
Who Qualifies for the Golden Visa?
Investor Profiles
The Golden Visa aims for investors with higher contribution potential to the local economy. Businesses like start-up founders, real estate investors have a higher chance of approval for this type of visa.
There are nine categories for Indonesia’s golden visa. These are:
- Individual investors who wish to establish a business in Indonesia;
- Individual investors who do not want to establish a business in Indonesia;
- Corporate investors;
- Indonesian diaspora (ex-Indonesian citizens);
- Indonesian diaspora (the descendants of ex-Indonesian citizens);
- Second home;
- Global talent;
- Personage (public figures); and
- Retirees.Â
To be eligible for the investor visa, a minimum investment of IDR 1.25 billion in company shares is required. Moreover, if the investor holds the director position in the company, a minimum investment of IDR 1 billion is required.
Professionals and Remote Workers
While the Golden Visa mainly targets investors, highly skilled professionals in key industries may also qualify, especially if they bring expertise beneficial to Indonesia’s economy.
Financial Requirements and Background Check
Applicants must prove financial stability and a clean legal background. This ensures that only credible and financially secure individuals receive the visa.
Conclusion
By launching the Golden Visa program, the Indonesian government has provided a game changer both for the nation’s economy and for the foreign investors. Entrepreneurs and business owners alike have the advantage of extending their stay and getting investment incentives. This endeavor also helps Indonesia grow as a dynamic investment destination. The success of this Golden Visa will later contribute in enriching the investment lifestyle and boosting the nation’s economy.Â
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