Indonesia Golden Visa: A Comprehensive Guide

Indonesia Golden Visa: An Overview

Indonesia officially launched its Golden Visa program on August 30, 2023. This program allows foreigners to invest over $350,000 in exchange for a renewable 5-year or 10-year Indonesian residency permit.

Currently, there are three primary economic options available for the Indonesian Golden Visa:

1. Company Establishment Option:

Applicants can obtain a 5-year local residency visa by establishing a company in Indonesia and investing more than $2.5 million USD. If the investment exceeds $5 million USD, a 10-year residency visa becomes available.

2. Financial Investment Option:

For a 5-year local residency visa, applicants can invest over $350,000 USD in Indonesian government bonds or company shares. An investment exceeding $700,000 USD, or the purchase of a local apartment priced over $1 million USD, qualifies for a 10-year Indonesian residency visa.

3. Corporate Management Option:

If a large conglomerate establishes a branch or subsidiary in Indonesia with a total investment exceeding $25 million USD, up to 10 management-level members of that company can apply for a 5-year Indonesian Golden Visa. Should the investment surpass $50 million USD, these management members (again, limited to 10) can secure a 10-year Indonesian Golden Visa.

Beyond the financial requirements, Golden Visa applicants must also meet basic conditions, including being at least 18 years old, having no criminal record, and maintaining over $5,000 USD in a bank account to cover living expenses in Indonesia.

According to information disclosed by an Indonesian Ministry of Home Affairs official on January 16, 2024, 270 applicants have already registered for the Indonesian Golden Visa. The majority of these applicants hail from South Korea, Japan, China, and the United States.

Application Process:

Currently, all long-term Indonesian residency visas, including the Indonesia Golden Visa, are available for online application. To apply, you’ll need to visit the official Indonesian visa online application platform, create an account, select the correct visa type, upload your documents, submit your application, and pay the visa fee.

Required Documents for Application:

Here’s a breakdown of the documents you’ll need:

• Valid Identification: This includes passports for all applicants, valid for at least six months. You’ll also need recent passport-sized photos and documents proving relationships between the main applicant and any dependents (like birth or marriage certificates).

• Proof of Financial Capability: You’ll need to demonstrate you have at least $5,000 USD to cover your living expenses in Indonesia.

• Investment Proof: This is the most complex part. It includes, but isn’t limited to, evidence of completed investments, proof that funds have been or can be transferred to Indonesia, and a commitment to complete any outstanding investment requirements within 90 days of your Golden Visa approval.

If your Golden Visa application is approved, the official online platform will send you an e-visa via email, which you can use to enter Indonesia through customs.

It’s crucial to note that for the Indonesia Golden Visa, investors must complete all required investments within 90 days of the visa being issued. Failure to do so could result in your Golden Visa being revoked.