Indonesia, with its rich cultural charm, natural beauty, and great economic potential,  intends to become a promising investment and international professional destination.

As of July 2024, selected foreigners seeking to invest and work in Indonesia are entitled to obtain the Golden Visa. This visa type facilitates world figures, international investors, global talents, and the Indonesian Diaspora to come, contribute, and participate in building Indonesia’s economy in a more congenial and definite manner.

The Golden Visa is an exclusive opportunity for only high-quality individuals as it adheres to a selective policy - to commit to direct investment in Indonesia. The investment should be in line with the applicant’s profile, such as establishing a new company, purchasing capital market investment instruments, activities with property, and placing a certain amount of funds in a state-owned bank account.

Golden Visa - New Pathway to Indonesia

Golden Visa benefits

Golden Visa holders are entitled to rejoice in a few benefits, such as:

• A longer period of stay (up to 10 years) 

• Priority immigration service lanes exiting and entering Indonesia

• Efficiency because there is no obligation to apply for limited stay permits (ITAS) at the immigration office

• Granted the Right to Use state land, land with management rights, or land owned by others, for up to 25 years, which can be extended and renewed

• Have Building Rights (HGB) on land for up to 30 years, which can be extended for 20 years and renewed for a further 30 years, therefore establish and own buildings on land that does not belong to them

• Own residential property, such as apartments or flats on land, with Right-of-Use status

Golden Visa requirements

Before diving into the Golden Visa requirements, it’s vital to identify the available types. According to the Directorate General of Immigration, these Golden Visa types will significantly affect Indonesia with capital gains, job opportunities, technology transfer, improvement in human resource quality, etc. The types are the following:

• Individual investors

• Corporate investors

• Former Indonesian citizens

• Descendants of former Indonesian citizens

• Second home

• Global talent

• World figures

Moreover, each applicant’s qualifications differ based on their duration of stay, their profile, and purpose. We’ve broken down the list below:

Individual foreign investors establishing a company in Indonesia for

1. A five-year stay in Indonesia is US$2.5 million (approximately Rp40 billion); and

2. A 10-year stay in Indonesia is US$5 million (approximately Rp81 billion).

Directors, commissioners, or representatives of parent corporations establishing a company in Indonesia for  

1. A five-year stay is US$25 million (approximately Rp406 billion); and

2. A 10-year stay in Indonesia is US$50 million (approximately Rp813 billion).

However, individual foreign investors who do not intend to establish a company in Indonesia are required to 

1. Place funds of US$350,000 (approximately Rp5.6 billion) under a five-year Golden Visa, which can be used to purchase Indonesian government bonds, public company stocks, or savings/deposits; and

2. Prepare US$700,000 (approximately Rp11.3 billion) for a 10-year duration. 

Now that you have a better idea of Indonesia’s new way of welcoming you, head over to evisa.imigrasi.go.id to start your application.