This article has been reviewed by Wego’s editorial team to ensure that the content is up to date & accurate.
Updated September 2024
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 for anyone interested in living in Indonesia through the Golden Visa program.
Table of Contents
Indonesia Golden Visa program 2024
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, the Indonesia Golden Visa program extends a warm invitation to 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.
Book cheap flights to Indonesia
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 350,000 or approximately IDR 5.5 billion.
For a 10-year Visa
Individual investors planning to establish a company in Indonesia must invest a minimum of USD 700,000 or approximately IDR 11 billion to qualify for a 10-year Golden Visa.
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 2,500,000 or roughly IDR 39 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 5,000,000 or approximately IDR 78 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 5,000,000 or roughly IDR 78 billion
Foreign investors not establishing a company in Indonesia
To qualify for a 10-year Golden Visa, foreign investors not planning to develop a company in Indonesia must invest a mandatory sum of USD 10,000,000 or approximately IDR 156 billion.
How to apply for the Indonesia Golden Visa?
The Indonesia Golden Visa can now be applied for through the Ministry of Law and Human Rights’s official website.
To apply for the Indonesia Golden Visa, follow the steps given below:
- Visit the Ministry of Law and Human Rights website
- Select “Apply” and choose your home country
- Choose “Golden Visa” as your main purpose
- Select your sub-purpose and Golden Visa type
- Choose your desired stay duration
- Click “Detail and Log In”
- Review the information and click “Apply”
- Log in or create an account to continue the application process
Indonesia Golden Visa benefits
The Indonesia Golden Visa program offers its holders a range of exclusive advantages. Golden Visa recipients will experience streamlined entry and exit procedures, eliminating the need to apply for temporary stay permits (ITAS).
Furthermore, they can extend their stay in the country, making it a desirable option for those seeking an enhanced and hassle-free experience in Indonesia.
