Golden Visa, Know the Benefits, Requirements, and Procedures

Corporate Secretary Service Indonesia – In the previous article, we discussed business visas, which are actually almost similar to providing convenience to those who want to invest (invest) in Indonesia. This time, we will write about the golden visa or investor visa. This visa is actually intended for foreigners who want to invest and help drive the nation’s economy. Immediately see the following explanation.

What is a Golden Visa?

Golden Visa or investor visa is a visa that granted for investors to support the national economy, especially in Indonesia. It is a basis for granting residence permits for a period of 5 to 10 years. The procedure concerning Indonesia’s golden visa is included in the Minister of Law and Human Rights Regulation (Permenkumham) Number 22 of 2023 regarding Visas and Stay Permits and Minister of Finance Regulation Number 82 of 2023, promulgated on August 30, 2023, about fees.

According to the Article 184 of Minister of Law and Human Rights Regulation Number 22 of 2023, a golden visa is a set of limited-stay visas, limited-stay access, permanent-stay access, and re-entry access for a specific period of time.

Furthermore, Article 185 paragraph 1 states that limited-stay visas, limited-stay permits, permanent residence permits, and re-entry permits are granted to carry out investment activities, family unification, repatriation, and second homes, and they are valid for a full period of 5 to 10 years.

Purpose and Objectives

Implementing this golden visa or investor visa policy will support the improvement of Indonesia’s national economy through the participation of qualified foreign investors.

While the Golden Visa Policy aims to:

• Provide convenience to prospective investors who want to invest in Indonesia in terms of residence permits;
• Attract quality investors through the policy requirements in the golden visa rules, which include both corporate and individual investors;
• Cut the bureaucracy for investors when they want to enter and exit the territory of Indonesia.

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Terms and Conditions of Application (Fulfillment of Commitment)

The golden visa can be obtained by those who want to invest with several terms and conditions, called Fulfillment of Commitments (Pemenuhan Komitmen) as follows:

• Foreign individual investors who establish a company in Indonesia are required to invest US$2,500,000 (around Rp. 38 billion) to stay in the country for 5 (five) years.
• The required investment value for an individual investor’s 10 (ten) year stay is US$5,000,000 (approximately IDR 76 billion).
• Meanwhile, corporate investors who form a company in Indonesia and invest US$ 25,000,000 or around Rp 380 billion will receive a golden visa with a 5 (five) year stay for their directors and commissioners;
• Meanwhile, corporate investors with an investment worth of US$ 50,000,000 will be provided a span of stay of 10 (ten) years.
• Different conditions apply to individual foreign investors who do not plan to launch a company in Indonesia. For a 5 (five) year golden visa, the applicant is required to place funds worth US$ 350,000 (around Rp.5.3 billion), which can be used to purchase Indonesian government bonds, stakes of public companies, or arrangement of savings/deposits;
• Meanwhile, for a 10 (ten) year golden visa, the portion of funds must be set is US$ 700,000 (around Rp. 10.6 billion).

The requirements are indeed weightier because the target is a qualified traveler. The longer the stay in Indonesia, the higher the guarantee value, especially for investment activities, which can be around IDR 760 billion.

Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business. Also when you need investor visa, Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!