Do You Need KITAS Investor? Check Out the Following Provisions First
Corporate Secretary Service Indonesia – Do you need KITAS for foreign investors in your company? You must know some of the provisions related to Investor KITAS that apply in Indonesia. This is so that all the procedures you do in the future to bring Foreign Investors to Indonesia do not violate applicable regulations. So that you can avoid various sanctions and criminal threats. So here are the various provisions that you need to know before taking care of KITAS for Investors or Investor Visa in your company:
The Company Must Be In the Form of PT PMA
The first thing you need to know is that Foreign Investors can only invest in companies with the form of PT PMA (Foreign Investment). However, if it is still a PT PMDN and foreign investors will enter, then you must change its status to PT PMA. Because it is a PT PMA, then of course there are several PT PMA requirements that you must fulfill. Such as the minimum capital requirement of IDR 10 billion per 5-digit KBLI business field per location. The capital value is excluding the value of land and buildings.
Investor KITAS is Only for Investors with a Minimum Share Value of IDR 10 billion
Next, you need to know that KITAS Investors or Investor Visa can only be applied for foreign investors with a minimum capital / share ownership of IDR 10 billion. This is in accordance with the Minister of Law and Human Rights Regulation Number 22 of 2023 concerning Visas and Stay Permits. Where it is stated that Foreign Investors who hold positions as Directors / Commissioners in a PMA or no position, can apply for an Investor KITAS as long as they have a minimum share of IDR 10 billion.
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Although they can work as Directors or Commissioners, these Investor KITAS holders do not need you to take care of their RPTKA documents (Plan for the Use of Foreign Workers) like when taking care of Labor KITAS. This is because they have responsibilities and rights as part of the company’s organs, which are interested in making the company run well through supervision, managerial and guidance.
So you only need to prepare the various terms and conditions for filing an Investor KITAS according to their respective indexes. For example, if you want to apply for KITAS Investor with index C-313, then one of the things you must prepare is a passport that is still valid for 18 months. Meanwhile, if you want to apply for KITAS Investor with index C-314, then the passport validity period is at least 30 months. Apart from the passport, there are still other documents that you must prepare according to each Investor KITAS.
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