What is Indonesia Golden Visa
Indonesia’s Golden Visa program has redefined the travel experience for those longing to delve deeper into the serene beauty of Bali. This innovative visa opens the door to extended stays, making it a sought-after choice for international adventurers. Below, we unravel the key features of the Golden Visa and guide you through the process of obtaining it.
What is a Golden Visa?
The Golden Visa is a visionary initiative by Indonesia, crafted to encourage tourism and investment. It allows foreign nationals to stay for up to five years—an unparalleled opportunity compared to traditional tourist visas, which often limit exploration. This programme caters to those eager to immerse themselves in Indonesia's captivating landscapes and vibrant culture.
Why Choose the Golden Visa?
1. Longer Stays for Deeper Experiences
This visa lets you experience the magic of Indonesia over an extended period, offering time to uncover Bali’s hidden treasures and fully embrace the nation’s heritage. Holders of this prestigious visa program can relish an extended period of residence, a unique opportunity to immerse themselves in Indonesia's rich culture and vibrant business environment.
2. Streamlined Entry and Exit Process
Golden Visa holders enjoy simplified immigration procedures, making it easier to enter and exit the country. This saves time and reduces the hassle of traditional processes.
3. No Need for ITAS
Typically, foreign residents in Indonesia need to apply for an ITAS (Temporary Stay Permit), which can be a time-consuming process. The Golden Visa eliminates this requirement, providing investors and eligible individuals a more efficient and convenient residency option.
4. Categories for Different People
The program offers various categories to cater to diverse talents and achievements. While it focuses on investors, the "World Figures" category is designed for internationally renowned individuals who can contribute to Indonesia's growth and development.
5. A Careful Selection Process
A dedicated government institution carefully selects candidates for the Golden Visa. Only those with proven success and the potential to positively impact Indonesia are granted this prestigious visa.
The requirements for this visa vary based on the benefits it offers, as follows:
1) Individual Investors
- Five-year residency: Individual foreign investors planning to establish a company in Indonesia must invest approximately USD 2.5 million (around IDR 38 billion) to qualify for a five-year Golden Visa.
- Ten-year residency: A minimum investment of USD 5 million (approximately IDR 76 billion) is necessary for individual foreign investors establishing a company in Indonesia to obtain a ten-year Golden Visa.
2) Corporate Investors
- Five-year residency for directors and commissioners: A five-year Golden Visa will be granted to directors and commissioners of a large-sized company in Indonesia that commits an investment of USD 25 million or approximately IDR 380 billion.
- Ten-year residency for directors and commissioners: A ten-year Golden Visa will be granted to directors and commissioners of a large-sized company in Indonesia that commits an investment of USD 50 million or approximately IDR 760 billion.
Different criteria apply to individual foreign investors who do not intend to establish a company in Indonesia:
- Five-year residency: Applicants must allocate funds worth USD 350,000 (around IDR 5.3 billion) for a five-year Golden Visa, which can be utilized to purchase Indonesian government bonds and public company shares or placed in savings/deposits.
- Ten-year residency: For a ten-year Golden Visa, applicants must allocate a sum of USD 700,000 (approximately IDR 10.6 billion).
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