The Golden Visa is a policy issued by the Indonesian Government to provide long-term residency facilities for foreigners who make positive contributions to Indonesia. One of the primary contributions targeted by this policy is through investments in various sectors within the country. The existence of the Golden Visa is expected to increase foreign investors’ interest in investing, which in turn is anticipated to have a positive impact on the nation’s economy.
This Golden Visa policy is regulated under Article 33 of the Minister of Law and Human Rights Regulation No. 11 of 2024 concerning Amendments to the Minister of Law and Human Rights Regulation No. 22 of 2023 on Visas and Stay Permits. Through this policy, Indonesia offers foreign investors the opportunity to stay longer in the country with various types of visas tailored to the nature of their contributions.
Types of Visas under the Golden Visa
There are several visa categories that foreign investors can choose from when applying for a Golden Visa, as follows:
- Visa Index E28B
A temporary stay visa for 5 or 10 years for Foreign Investors intending to establish a company in Indonesia.
- Visa Index E28C
A temporary stay visa for 5 or 10 years for Foreign Investors without the need to establish a company in Indonesia.
- Visa Index E28D
A temporary stay visa for 5 or 10 years for Foreign Investors serving as Directors or Commissioners at subsidiaries or branch offices of companies in Indonesia.
General Requirements for Golden Visa Application To obtain a Golden Visa, applicants must meet several general requirements, including:
- A valid national passport with at least 6 months of validity from the date of application.
- Proof of immigration guarantee.
- Proof of having sufficient living expenses while in Indonesian Territory.
- Recent colored passport photo
- Other documents explaining the purpose and intention of the Foreigners’ arrival, such specific amount and proof of a certain turnover/sales value in foreign companies as stated in the financial audit report of the parent company from an international accredited public accounting firm.
Specific Requirements Based on Visa Index
In addition to the general requirements, there are also specific requirements that must be met according to the type of visa index applied for. Each visa index has different provisions, depending on the type of contribution made by the applicant, such as establishing a company or serving as a director/commissioner in an existing company.
With this policy, the government of Indonesia hopes to attract more foreign investors, increase investment flows, and create job opportunities, which will ultimately support Indonesia’s economic growth.
Through the implementation of the Golden Visa, Indonesia not only provides opportunities for investors to invest, but also to stay and contribute for a longer period, which is expected to strengthen international economic and business relations.
