Here’s everything you need to know about Indonesian Golden Visa

What is the Indonesian Golden Visa? 

The Indonesia's Golden Visa program is a favourite among foreign investors seeking long-term residency, offering stays from 5 to 10 years with the bonus of bringing family members along and some VIP perks. 

Investment requirements vary, targeting a wide range from $350,000 to $50 million, making it ideal for everyone from entrepreneurs to digital nomads. 

Looking for more simpler requirements? Consider the Investment KITAS or Multi-Entry Pre Investment Visas or the Spouse/Family ITAS if you have Indonesian relatives. 

With nine options, the Golden Visa is designed to meet a variety of investment needs and lifestyles. Ready to get your golden visa today? Apply through SPUN for a smooth and easy process backed by dedicated online support, and a 99% on-time visa delivery

Golden Visa overview

Offering long-term residency options for foreigners who are willing to invest and boost in Indonesia's economy, this visa provides an opportunity for individuals or businesses to engage deeply with the Indonesian market as it offers

• Multiple entry visas for themselves and their families

• The right to live, work and own property in Indonesia

As stated on the website of the Ministry of Foreign Affairs of the Republic of Indonesia, the Golden Visa was introduced through the issuance of 'Ministry of Law and Human Rights Regulation No. 22 of 2023' regarding Visas and Residence Permits and 'Ministry of Finance Regulation Number 82 of 2023,' which was officially announced on August 30, 2023. These regulations serve as the basis for the implementation of the Golden Visa policy

Eligibility and residency duration

Residency Options: Applicants can choose between a 5-year or a 10-year residency period, depending on their investment as shown in the immigration North Jakarta office website

Investment Requirements:

• Individuals: Must invest between USD 0.35 million and USD 5 million

• Corporations: Investment thresholds are significantly higher, ranging from USD 25 million to USD 50 million

Types of Golden Visas

There are nine types of Golden Visas, each catering to different needs and wants, including:

1. Individual Investor(Active): Establishing a company which suitable for entrpreneurs who’d like to start new ventures

2. Individual Investor (Passive): Aims for passive investors who’d like to invest in government bonds or stock market

3. Corporate Investor: For large-scale corporate investments who will establish new branches or subsidiaries in Indonesia

4. Second Home: Aimed at those who’d like to purchasing a property

5. Former Indonesia Citizen: Former Indonesian nationals (WNA ex-WNI) who’d like to returning to Indonesia

6. Global Talent: For highly skilled professionals who invited/collaborated with the Indonesia government

7. International Figures: For individuals recognized for their contributions to culture or society

8. Descendants of Former Indonesian Citizen: For descendants interested in returning to their roots

9. Silver Hair: For retirement visa

Benefits of the Indonesian Golden Visa

Holders of the Golden Visa enjoy several advantages, making it one of the most demanded residency programs in the region:

• Longest Residency Permit: Offers the longest possible stay (5 to 10 years) in Indonesia compared to other visa types

• Priority Immigration and Government Processing: Access to fast-tracked services and VIP lane at immigrations

• Family Residency: Can bring family members to live in Indonesia

• No more ITAS hassle: No more ITAS extension hassle

Here’s the roundup in table format

Sub categories	Types	Total Investment	Stay period	Requirements
Foreign investor who’d like to establish a new company	Share capital/investment	Minimum of 2.5 million USD	5 years	1) Passport valid for a minimum of 6 months; passport photo; Proof of living expenses minimum US$5,000 2) Proof of ownership of shares in a company outside the territory of Indonesia with a minimum of 20% as stated in the financial audit report from an international public accounting firm 3) Proof of turnover/sales value minimum US$25,000,000 for a 5-year visa or minimum US$50,000,000 for a 10-year visa, from a company abroad as stated in the financial audit report from an international public accounting firm; 4) A commitment statement that the foreign individual will establish a company in Indonesia with placed capital (shares) or an investment value of at least: - US$2,500,000 for a 5-year visa - US$5,000,000 for a 10-year visa which must be fulfilled no later than 90 days after the issuance of the ITAS at the Immigration Processing Center (TPI)
Foreign individuals with no intention to establish a company in Indonesia but would like to invest in government bonds or stock market	Indonesian Government bonds, or stock market.	Minimum of 350,000 USD	5 years
		- Minimum of USD 700,000 investments in Indonesian Government bonds, shares or mutual funds, or - Buy an apartment with a minimum price of USD 1 million	10 years
Large-scale corporate investments who will establish new branches or subsidiaries in Indonesia	Establish a new company in Indonesia whether it’s a subsidiary or new branch	Minimum of 25 million USD	5 years	1) Passport valid for a minimum of 6 months; passport photo; Proof of living expenses minimum US$5,000 2) A commitment statement that a company will be established in Indonesia with a minimum investment value of: - US$25,000,000 for a 5-year visa application - US$50,000,000 for a 10-year visa application which must be fulfilled no later than 90 days after the issuance of the ITAS at the Immigration Processing Center (TPI) 3) Proof of turnover/sales value minimum US$100,000 from a company abroad as stated in the financial audit report from an international public accounting firm
		Minimum of 50 million USD	10 years

Family reunion

A Golden Visa valid for five or ten years may be issued to family members of a Golden Visa holder under the "Family" category, if meet one of the following criteria:

• They are joining their spouse, who is an ITAS/ITAP holder;

• They are joining their children;

• They are unmarried children under the age of 18 joining their parent(s)

Return to Indonesia as former WNI

Sub categories	Types	Total investment	Stay period	Requirements
Former Indonesian citizens who wish to live in Indonesia without a sponsor	Indonesian government bonds or stock market	Minimum of 35,000 USD	5 years	1) Valid Passport for a minimum of 12 (twelve) months 2) Proof of living expenses of at least US$ 2,000 (two thousand US Dollars) or equivalent. 3) Latest color photograph 4) Statement of commitment that must be accomplished within 90 (ninety) days from the date of arrival, such as: Purchase of Indonesian government bonds worth US$35.000 (thirty five thousand US Dollars), or Purchase of shares or mutual funds in publicly listed companies in Indonesia worth US$35.000 (thirty five thousand US Dollars) 5) Document that proves that the Foreigner has been an Indonesian citizen, which include: - Identity card; - Birth certificate; - Family card; - Passport of the Republic of Indonesia; - Diploma, or - House certificate
A descendant of a former Indonesian citizen who wish to live in Indonesia without sponsor	Indonesian government bonds or stock market	Minimum of USD 50,000	5 years	1) Valid Nationality Passport for at least 6 (six) months. 2) Proof of living expenses of at least US$2000(two thousand United States Dollars) or equivalent 3) Latest colour photograph 4) Statement of commitment that must be accomplished within a maximum of 90 (ninety) days after the date of entry into Indonesia, such as: Purchase Indonesian government bonds with a value of US$50.000 (fifty thousand US Dollars); Purchase purchase shares of publicly listed companies in Indonesia with a value of US$50.000 (fifty thousand US Dollars), or Purchase mutual funds in Indonesian companies with a value of US$50.000 (fifty thousand US Dollars). 5) Document that proves that the Foreigner is a first or second-degree descendant of an Indonesia citizen, such as: Birth certificate, Family card, or Marriage certificate
		Minimum of USD 100,000	10 years

Aside from Golden Visa, Meet Investor KITAS, as an alternative visa solution as compared to Golden Visa with less benefit and requirements

Introducing the Investor KITAS: A visa type from Temporary Stay Permit (KITAS) designed specifically for foreign investors in Indonesia who plan to invest in a limited liability company or known locally as Perseroan Terbatas (PT)

Eligibility requirements for Investor KITAS:

1. A passport with at least six months validity

2. Proof of financial stability, including living expenses of at least US$2,000

3. A recent passport-sized photograph

4. A guarantee from a credible guarantor

5. Ownership of shares worth a minimum of Rp10 billion (about $680,000), as verified by the ministry of investment

6. Official governmental approval for the establishment of a PT

7. Recent company bank statements covering the last two months

The Investor KITAS however, allows applicants to stay in Indonesia up for two years and can be extended

What is the key differences compared to the Golden Visa:

Investment threshold: While the Golden Visa targets high-net-worth individuals with a minimum investment of $2.5 million (or $5 million for a ten-year stay), the Investor KITAS is accessible at a lower threshold of $680,000 making it an attractive option for a broader range of investors

Residency duration: The Golden Visa offers residency of up to ten years, far surpassing the two-year residency of Investor KITAS

Other benefits: Unlike Golden Visa, Investor KITAS focuses purely on the investment aspect without the perks such as family relocation, VIP immigration/government services, or elimination of ITAS extension hassle

Sound like the perfect solution? Learn more about SPUN’s visa services or ping us on whatsapp to chat with our visa expert to answer your questions.