Indonesia’s Golden Visa is a long-term residency program introduced in 2023. It allows foreign investors, entrepreneurs, and skilled professionals to live in Indonesia for up to 10 years. This visa is part of Indonesia’s strategy to attract high-quality investments, create jobs, and drive economic growth.
The program is inspired by similar schemes in countries like Portugal, Spain, and the United Arab Emirates. However, Indonesia’s version is unique due to its tailored requirements and regional focus on Southeast Asia’s emerging market potential.
Who Is Eligible for Indonesia’s Golden Visa?
The Golden Visa in Indonesia is available to several categories of foreigners. These include:
- High-net-worth individuals who invest directly in the Indonesian economy
- Corporate investors setting up companies or subsidiaries in Indonesia
- Talented individuals with global recognition in fields like technology, health, and research
- Foreigners working for companies with significant investment in Indonesia
Minimum Investment Requirements
To qualify for the Golden Visa, the minimum financial thresholds depend on the type and duration of the visa:
- 5-year visa: Minimum investment of USD 2.5 million
- 10-year visa: Minimum investment of USD 5 million
- Corporate investment: Minimum capital of USD 25 million for 5 years, USD 50 million for 10 years
Types of Indonesia Golden Visas
Indonesia offers different Golden Visa types based on the purpose of stay and applicant profile:
1. Individual Investor Visa
This visa is designed for individuals investing in Indonesian businesses, stocks, or property. The investment must be verified and meet the set minimum requirements.
2. Corporate Investor Visa
Companies or entrepreneurs who establish a legal entity in Indonesia with sufficient capital can apply for this visa for themselves and their foreign employees.
3. Talent-Based Golden Visa
Exceptional individuals with achievements in academia, research, technology, and the arts may receive the Golden Visa even without large investments, based on national interest or global reputation.
Benefits of the Indonesia Golden Visa
Golden Visa holders enjoy several advantages over traditional visa holders:
- Long-term residency for 5 or 10 years
- Multiple-entry access without the need for frequent renewals
- Eligibility to sponsor family members
- Pathway to permanent residence
- Priority processing at airports and immigration
Step-by-Step Application Process
Step 1: Choose Investment Route
Applicants must decide whether they qualify as individual investors, corporate investors, or global talents.
Step 2: Prepare Required Documents
Typical documentation includes:
- Valid passport with at least 36 months before expiration
- Proof of investment or financial capability
- Business or personal bank statements
- CV or portfolio (for talent-based applicants)
- Health insurance and police clearance
Step 3: Submit Online Application
Applications can be submitted through Indonesia’s official immigration platform. Investors must create an account, fill in the forms, and upload documents.
Step 4: Pay Visa Fees
Visa fees range from USD 1,000 to USD 5,000 depending on the duration and visa type. Payment is done online upon submission.
Step 5: Wait for Approval
Processing time typically takes 20 to 30 working days. Once approved, a digital visa is issued.
Step 6: Enter Indonesia and Report
After arriving in Indonesia, the visa holder must report to the local immigration office to register their address and obtain an ITAS (Limited Stay Permit).
How to Renew or Extend the Golden Visa
Golden Visa holders can apply for renewal within 3 months before expiration. If the investment remains valid and active, renewal is usually approved.
For talent-based visa holders, continued contribution to the Indonesian economy or society is essential for extension.
Tax and Residency Implications
Golden Visa holders who stay in Indonesia for more than 183 days a year may be considered tax residents. This means global income could be subject to Indonesian tax laws. However, tax treaties may help avoid double taxation.
It is advisable to consult a tax advisor before applying for the visa to plan tax responsibilities effectively.
Comparison with Other Countries’ Golden Visas
Indonesia’s Golden Visa is relatively new but competitive:
- Portugal: Lower investment threshold but slower approval time
- Thailand: Offers residency for wealthy individuals but lacks corporate routes
- UAE: Flexible for talents and professionals, similar to Indonesia
Challenges and Considerations
Applicants should consider the following challenges:
- Currency risk when investing in a developing economy
- Changing immigration policies due to political shifts
- Requirement to maintain active business or investment for visa validity
Frequently Asked Questions (FAQs)
Can I bring my family under the Golden Visa?
Yes. The main visa holder can sponsor a spouse and dependent children. Family members receive the same length of stay.
Is the Golden Visa a path to citizenship?
Currently, it is a residency program. Citizenship requires a different legal process and usually at least 5 years of continuous stay and other criteria.
Can I work in Indonesia with a Golden Visa?
Yes, but only in the capacity tied to your investment or recognized talent. Other types of work may require additional permits.
Conclusion: Is Indonesia’s Golden Visa Worth It?
Indonesia’s Golden Visa opens a new door for investors and professionals seeking long-term residency in a growing Southeast Asian economy. With clear requirements and a relatively streamlined process, it offers a strong opportunity for those willing to invest or contribute to national development.
Before applying, assess your financial readiness, business goals, and potential tax implications. If these align with your strategy, Indonesia’s Golden Visa could be a gateway to both personal and professional growth in one of Asia’s most dynamic nations.
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