Services » Obtaining Golden Visa

Obtaining Golden Visa

Written by Almer Adityama Rahimsyah on 17/10/2024
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.

Introduction

The Golden Visa program offers a unique opportunity for foreign investors to gain long-term residency in Indonesia. It’s designed to attract high-net-worth individuals, business owners, and professionals who wish to invest and grow their businesses. With its vast market potential and strategic location, Indonesia offers a prime environment for international investments. The Golden Visa opens the door to seamless entry and extended stay, making it easier to capitalize on the country’s promising economic landscape.

Definition

The Golden Visa is a specialized visa program that grants residency to foreign nationals through investment in a host country. In the context of Indonesia, the Golden Visa is a classification of Limited Stay Visas, Limited Stay Permits, Permanent Stay Permits, and Re-entry Permits. These permits are issued for specific durations and are intended for foreign nationals involved in activities such as capital investment, family reunification, and repatriation.

The Importance of Golden Visa

Access to Southeast Asia’s Largest Economy: Indonesia’s growing economy and its strategic location make it a prime destination for foreign investments.
Streamlined Business Processes: Golden Visa holders enjoy smoother interactions with Indonesian regulatory bodies, allowing them to focus on growing their investments.
Long-Term Residency Security: Ensure continuity in business operations with extended residency for up to 10 years.
Enhanced Global Mobility: Benefit from easy access to Indonesia.

The Best Time to Obtain Golden Visa

When Investment Plans Are Solidified: Whether through real estate, government bonds, or starting a business, the Golden Visa is best obtained when you are ready to make a substantial financial commitment to Indonesia.
In the midst of Indonesia’s Economic Growth: As Indonesia develops its infrastructure and strengthens its market, securing a Golden Visa now ensures you are part of this dynamic period of growth.
For Expanding International Reach: Diversifying your investments into one of Asia’s fastest-growing economies is the ideal way to strengthen your global business and personal assets.

Benefits of Golden Visa

Engage in Business Activities: Conduct business or investment activities freely within Indonesia.
Family Benefits: Bring eligible family members under your residency, securing their future alongside yours.
Work-Related Privileges: Participate in work-related activities, such as managing or establishing businesses.
Efficient Permit Process: Automatically receive the e-ITAS and Re-entry Permit upon arrival without visiting the immigration office.
Legal Flexibility: Enjoy the freedom to travel in and out of Indonesia while maintaining long-term residency.

The Process of Obtaining Golden Visa

The process of obtaining a Golden Visa in Indonesia involves several key steps:

Eligibility Assessment: Determine the appropriate category for investment, such as establishing a business, investing in government bonds, or being appointed as a director in an Indonesian company.
Document Preparation: Gather necessary documents, including a valid passport, recent photograph, curriculum vitae, travel itinerary, proof of share ownership, financial audit reports, and a statement of commitment to invest in Indonesia.
Investment Requirement: Fulfill the investment criteria based on the chosen category. These are the minimum investment required based on the category chosen:

For Foreign Investors Establishing a Business in Indonesia:

5-Year Visa: Investment of US$2,500,000
10-Year Visa: Investment of US$5,000,000

For Foreign Individual Investors Not Establishing a Business in Indonesia:

5-Year Visa: Investment in government bonds or shares/mutual funds in public companies, minimum US$350,000
10-Year Visa: Investment in government bonds, shares/mutual funds in public companies for US$700,000, or the purchase of an apartment for US$1,000,000.

For Foreign Nationals Appointed as Directors or Commissioners in Indonesian Companies (Subsidiary of Foreign Companies):

5-Year Visa:: Investment of US$25,000,000
10-Year Visa: Investment of US$50,000,000.

For Foreign Nationals Appointed as Directors or Commissioners in Companies Based in Indonesia’s New Capital (IKN):

5-Year Visa: Commitment to establish a company in Indonesia with a minimum investment of US$5,000,000.
10-Year Visa: Commitment to invest at least US$10,000,000.

For Foreign Nationals Representing a Parent Company Abroad:
Proof of a minimum living expense fund of US$2,000 is required for visiting or being assigned to branches in Indonesia.

Application Submission: Submit the application along with all required documents to the relevant Indonesian authorities.
Compliance Reporting: Report on the compliance of commitments within 90 days after entry into Indonesia, ensuring adherence to financial sufficiency and visa conditions.
Permit Issuance: Upon meeting all conditions, receive the Electronic Limited Stay Permit (e-ITAS) and Re-Entry Permit automatically at the Immigration Checkpoint.
Legal Compliance: Maintain compliance with all Indonesian laws and visa conditions to avoid penalties, deportation, or legal charges.

How We Can Help

Our services are designed to assist investors in navigating the complexities of the Golden Visa application process in Indonesia. We offer comprehensive support, including:

Consultation Services: Provide expert advice on eligibility criteria and investment options tailored to individual needs and goals.
Document Assistance: Help in the preparation and verification of all necessary documentation to ensure compliance with Indonesian regulations.
Application Management: Facilitate the submission of applications to the relevant authorities, ensuring a smooth and efficient process.
Compliance Guidance: Offer ongoing support to ensure that all commitments and legal requirements are met within the stipulated timeframes.
Post-Arrival Support: Assist with settling in Indonesia, including guidance on local laws, business opportunities, and integration into the community.

By leveraging our expertise, investors can confidently pursue their Golden Visa application, knowing they have a reliable partner to guide them every step of the way.

FAQs

Can a foreigner own a property in Indonesia?

Yes, a foreigner can own property in Indonesia under certain conditions, such as a landed house or apartment.

For example, in Jakarta, the minimum price for a landed house a foreigner can purchase is IDR 5 billion, while the minimum price for an apartment is IDR 3 billion.

Is there an automatic extension after the Golden Visa expires, or does it have to be reapplied for?

There is no automatic extension. Golden Visa holders need to apply for an extension before the visa expires. The extension process usually requires a review of the eligibility and investment commitments that have been mad

What is the legal status if a Golden Visa holder wishes to transfer or sell their investment before the visa expires?

If a Golden Visa holder transfers or sells his/her investment before the visa expires, this may affect the visa status. Transferring investments without fulfilling visa commitments may lead to visa cancellation. Therefore, it is important to ensure that all investment requirements are met until the end of the visa validity period.

Contact Us

How may we address you?

May we have your email address?

What service category can we help you with?

How can we help?

Submission of this form indicates consent to data management in accordance with the privacy policy.

A response to the inquiry will be sent to the provided email within 2 working days.