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Updated September 2023
The Golden Visa policy has proven beneficial to the countries that implemented it. In light of this, Indonesia has recently introduced a new Golden Visa policy to bolster the nation’s economic development. The Golden Visa scheme allows foreign individuals to obtain residency permits by making investments in the country.
In this article, Wego has compiled the essential information if you are interested in living in Indonesia through the Golden Visa program.
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Indonesia Golden Visa program 2023
Indonesia recently revealed its groundbreaking Golden Visa program, as outlined in Regulation of the Minister of Law and Human Rights, Number 22 of 2023, pertaining to visas and stay permits.
A crucial step towards fostering economic development by attracting foreign capital and expertise to the country, the Indonesia Golden Visa program extends a warm invitation to both corporate entities and individual investors to participate in Indonesia’s economic growth story by granting them a coveted residency permit. Under this program, investors are eligible for residency periods spanning from 5 to 10 years.
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Indonesia Golden Visa requirements
The requirements and cost for obtaining the Indonesian Golden Visa vary depending on the investor’s profile, the nature of their investment, and the desired duration of their stay in the country.
Below are some of the requirements that must be met by individual and corporate investors to qualify for the Indonesia Golden Visa:
Individual investors
Individual investors must meet the following requirements to apply for a Indonesia Golden Visa:
For a 5-year Visa
To qualify for a 5-year Golden Visa, individual investors planning to establish a company in Indonesia must invest a minimum of USD 2,500,000 or approximately IDR 38 billion
For a 10-year Visa
To qualify for a 10-year Golden Visa, individual investors planning to establish a company in Indonesia must invest a minimum of USD 5,000,000 or approximately IDR 76 billion.
Corporate investors
Corporate investors must meet the following requirements to apply for an Indonesia Golden Visa:
For a 5-year Visa
The following are some of the requirements corporate investors must meet to qualify for a 5-year Indonesia Golden Visa:
Corporate investors establishing a company
To qualify for a 5-year Golden Visa, corporate investors planning to establish a company in Indonesia must invest a minimum of USD 25,000,000 or roughly IDR 380 billion
Foreign investors not establishing a company in Indonesia:
To qualify for a 5-year Golden Visa, foreign investors not planning to establish a company in Indonesia must invest a mandatory sum of USD 350,000 or approximately IDR 5.3 billion.
For a 10-year Visa
The following are some of the requirements corporate investors must meet to qualify for a 10-year Indonesia Golden Visa:
Corporate investors establishing a company
To qualify for a 10-year Golden Visa, corporate investors planning to establish a company in Indonesia must invest a minimum of USD 50,000,000 or roughly IDR 760 billion
Foreign investors not establishing a company in Indonesia:
To qualify for a 10-year Golden Visa, foreign investors not planning to establish a company in Indonesia must invest a mandatory sum of USD 700,000 or approximately IDR 10.6 billion.
How to apply for the Indonesia Golden Visa?
The Indonesia Golden Visa can now be applied through the official site of the Ministry of Law and Human Rights.
To apply for the Indonesia Golden Visa, follow the steps given below:
- visit the Ministry of Law and Human Rights website
- click on the “apply” button, and select your home country
- enter “Golden Visa” as your main purpose to visit Indonesia
- select the sub-purpose of your visit, and choose the type of your Golden Visa
- select your period of stay
- click the “detail and log in” button
- after the information about the selected visa shows up, click the “apply” button
- log in or create an account to continue further application process
Indonesia Golden Visa benefits
The Indonesia Golden Visa program presents a range of exclusive advantages for its holders. Golden Visa recipients will experience streamlined entry and exit procedures, eliminating the need to apply for temporary stay permits (ITAS).
Furthermore, they will have the privilege of extending their stay in the country, making it a highly attractive option for those seeking an enhanced and hassle-free experience in Indonesia.
