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Investor Stay Permit and Golden Visa in Indonesia explained

Visa options available to investors in Indonesia

investor-stay-permit-Indonesia
The Golden Visa and Investor Stay permit

Recently, the Ministry of Law and Human Rights (MOLHR) introduced regulation number 22 of 2023, concerning Visas and Stay Permits. This new regulation supersedes Regulation Number 29 of 2021 and brings about significant changes in investor stay permit types, procedures, and criteria. In this article we will further dive into these changes.

Investor Stay permit under previous regulation

The previous regulation outlined two categories of investor visas:

  1. Visa for Investors holding minimum IDR 1 billion in shares and concurrently serving as Directors or Commissioners in a company. These type of investors can work as Director or Commissioner in Indonesia without a work permit.
  2. Visa for Investors holding no official position in the company but hold more than IDR 1.125 billion shares in a company. Such investors are also eligible to apply for an Investor Visa. However, they cannot work in Indonesia, since their role is solely that of investors.

Upon meeting the prescribed minimum requirements, investors can opt for the following visa types:

  • Index visa 313: grants a stay permit valid for one year.
  • Index visa 314: grants a stay permit valid for two years.

Stay Permits for investors under the new regulation

The updated regulation has implemented more stringent criteria for the already existing investor stay permit. Furthermore, it introduces new visa categories tailored for investors, collectively labeled as “golden visas.”. All visa categories can be applied for through the new visa portal https://evisa.imigrasi.go.id/.

2 years stay permit for investors

Under the new regulation, foreign investors can receive an investor visa with a validity of up to 2 years. Investors must own a minimum of IDR 10 billion in shares in an Indonesian company. If investors cannot meet this share ownership threshold, they can apply for a regular work and stay permit.

the golden visa

The golden visa for individuals can be divided into 2 categories:

  1. Foreign individuals who wish to establish a company in Indonesia
  2. Foreign individuals who wish to invest in stocks, bonds or mutual funds in Indonesia
Foreign Individuals who wish to establsih a company in Indonesia

Eligible individuals must fulfill the following requirements:

  1. A declaration of commitment from the foreign individual to establish a company in Indonesia with issued shares worth at least USD 2.5 million (for the 5 year permit) or USD 5 million (for the 10 year permit). The investor must pay up the shares within a maximum of 90 days from the date the Limited Stay Permit is granted;
  2. Evidence of a minimum turnover/sales value of USD 25 million (for the 5 year permit) or USD 50 million (for the 10 year permit) at an overseas company, as indicated in the financial audit report of the parent company by an international standard public accounting firm.

Foreign individuals who wish to invest in stocks, bonds, mutual funds or real estate investment in Indonesia

Eligible individuals must within 90 days from the date the stay permit is granted commit to purchase:

  1. Indonesian government bonds totaling at least USD 350,000 (for the 5 year permit) or USD 700,000 (for the 10 year permit);
  2. shares in publicly listed Indonesian companies amounting to at least USD 350,000 (for the 5 year permit) or USD 700,000 (for the 10 year permit);
  3. mutual funds in publicly listed Indonesian companies totaling at least USD 350,000 (for the 5 year permit) or USD 700,000 (for the 10 year permit);
  4. purchase property in the form of condominiums or apartments in Indonesia, valued at no less than USD 1 million.

For further guidance on the investor stay permit or golden visa application procedure or requirements, please reach out to us through our contact form below.