Indonesia

Indonesia Golden Visa Overview

The Indonesia Golden Visa is open to foreign nationals who meet qualifying investment thresholds in Indonesia, who then qualify for a 5 or 10-year stay permit. 

Four investment categories are available: individual investors establishing a company, individual investors placing funds in Indonesian financial instruments, corporate directors and commissioners qualifying through their company’s investment, and diaspora and special categories including former Indonesian citizens and global talents.

The main applicant can include a spouse and dependent children, with specific dependent eligibility conditions varying by category.

Eligibility Requirements

Applicants must hold a valid passport, have no immigration violations in Indonesia, and fulfill their chosen investment commitment within 90 days of permit issuance. 4 categories are available.

Individual Investor: Company Establishment

• 5-year permit: minimum investment of US$2,500,000 to establish a company in Indonesia
• 10-year permit: minimum investment of US$5,000,000
• Applicant must own a minimum 20% stake in the established company
• Declaration of commitment to establish the company required at application stage; proof of actual investment must be submitted within 90 days of permit issuance

Individual Investor: Financial Instruments (No Company)

• 5-year permit: minimum placement of US$350,000 in Indonesian government bonds, public company shares, or deposits at a state-owned bank
• 10-year permit: minimum placement of US$700,000
• Funds must be placed within Indonesian financial institutions; offshore holdings do not qualify
• A Reference Letter from the relevant state-owned bank or broker is required as proof

Corporate Investor: Directors and Commissioners

• 5-year permit: the applicant’s corporation must invest a minimum of US$25,000,000 in establishing or operating a business in Indonesia; reduced to US$5,000,000 for investments in Ibu Kota Nusantara (IKN), the new capital city
• 10-year permit: minimum corporate investment of US$50,000,000; reduced to US$10,000,000 for IKN investments
• The overseas company must have an annual turnover of at least US$100,000,000, except for investments in IKN where this threshold does not apply

Diaspora and Special Categories

• Former Indonesian Citizens: 5-year permit requires a minimum investment of US$35,000 in government bonds, public company shares, or mutual funds; their descendants require US$50,000
• Second Home: minimum deposit of US$130,000 in a state-owned Indonesian bank or purchase of an apartment in Indonesia valued at at least US$1,000,000
• Global Talent: proof of sponsorship from the Indonesian government or a state institution, and documented expertise; minimum monthly living costs of US$2,000
• Public Figures: proof of sponsorship and demonstrated notable contributions to their field; minimum monthly living costs of US$5,000

Route to Citizenship

Golden Visa holders who spend 183 days or more per year in Indonesia accumulate time toward permanent residency. After holding a valid Temporary Stay Permit (ITAS) for five consecutive years, holders may apply for a Permanent Stay Permit (ITAP) through the Directorate General of Immigration. The ITAP has no fixed expiry and is renewed every five years.

After holding the ITAP and residing continuously in Indonesia for a further five years, holders become eligible to apply for Indonesian citizenship by naturalization. 

The application is submitted to the Ministry of Law and Human Rights and requires Indonesian language proficiency, good conduct, renunciation of all prior nationalities, and demonstrated intention to reside permanently in Indonesia. Approval is at the discretion of the President of Indonesia and is not guaranteed.

Indonesia does not permit dual nationality. Any applicant who obtains Indonesian citizenship is required to relinquish all prior citizenships before naturalization is finalized.

Mobility and Taxation

Mobility

Indonesian citizens can access approximately 70 destinations visa-free or visa-on-arrival, including all ASEAN member states.

Tax

Indonesia taxes tax residents on worldwide income. A person is generally considered a tax resident of Indonesia if they are present in the country for 183 days or more in any 12-month period, or if they intend to reside in Indonesia. 

Tax-resident Golden Visa holders are subject to Indonesian personal income tax at progressive rates from 5% to 35% on all income, regardless of source. 

Non-resident holders are taxed at a flat rate of 20% on Indonesian-sourced income only. Corporate income tax applies at 20% on profits generated by the invested Indonesian entity, with significant tax holiday incentives available for qualifying investments in priority sectors, ranging from 50% to 100% corporate income tax reduction for periods of 5 to 20 years. 

No special flat-tax or non-domicile regime exists for Golden Visa holders specifically. 

How to Apply

The program is administered by the Directorate General of Immigration under the Ministry of Immigration and Correctional Affairs, under Regulation No. 22 of 2023 as amended by Regulation No. 11 of 2024 and supported by Minister of Finance Regulation No. 82 of 2023. 

The entire application process is conducted digitally. The process typically runs as follows.

• Step 1: Register an account on the official electronic immigration portal at evisa.imigrasi.go.id and select the applicable Golden Visa category.
• Step 2: Upload all required supporting documents; for company investors, this includes the Company Deed of Establishment, legal entity endorsement letter, corporate Tax Identification Number (NPWP), and Business Identification Number (NIB); for financial instrument investors, this includes bank or broker confirmation of the qualifying investment; for corporate applicants, this includes documentation of the company’s investment value and the applicant’s directorial or commissioner role.
• Step 3: Pay the applicable government fee online using an international credit card; fees are approximately US$798 for a 5-year permit and US$1,197 for a 10-year permit.
• Step 4: Receive preliminary approval within approximately 7 to 10 working days, followed by formal Golden Visa issuance within a further 4 working days.
• Step 5: Enter Indonesia and fulfill the investment commitment within 90 days of ITAS issuance; submit proof of investment to the Directorate General of Immigration, such as a bank Reference Letter or broker transaction certificate.