Golden Visa Indonesia 2026: Complete Investment Visa Guide
Indonesia's Golden Visa program (officially called ITAP - Izin Tinggal Tetap untuk Investor) offers 5 or 10-year residence permits to foreign investors without the traditional 5-year KITAS waiting period required for KITAP. Launched in 2024, this program targets high-net-worth individuals and significant investors seeking long-term Indonesian residence.
Golden Visa Program Status:
As of February 2026, Indonesia's Golden Visa program is active with the following confirmed requirements:
- Individual Investors: IDR 350,000,000 minimum for 5-year, IDR 700,000,000 for 10-year
- Corporate Investors: IDR 2.5 billion minimum for 5-year, IDR 5 billion for 10-year
- Investment Vehicles: Government bonds, Indonesian property, public company stocks, bank deposits at state banks
- Processing Time: 4-8 weeks from application submission to approval
Important: This is NOT the same as the E28B/E28C/E28D investor visa categories. Golden Visa (ITAP) grants permanent residence, while E28 visas are temporary stay permits.
What is the Golden Visa?
The Golden Visa is Indonesia's answer to residence-by-investment programs offered by countries like Portugal, Greece, and the UAE. Key features:
- 5-year or 10-year validity - No annual renewals
- No prior KITAS required - Skip the traditional 5-year waiting period
- Investment-based - Must maintain qualified investment
- Family inclusion - Spouse and dependents can be sponsored
- Work rights - Depends on investment vehicle (see below)
Legal Basis: Peraturan Menteri Hukum dan HAM RI tentang Izin Tinggal Tetap bagi Investor (ITAP regulation, 2024)
Investment Tiers & Requirements
Individual Investor Tiers
Golden Visa Investment Tiers
Individual investor options
| Feature | 5-Year Golden Visa Standard Tier | 10-Year Golden Visa Premium Tier |
|---|---|---|
| Investment | IDR 350,000,000 (~USD 23,333) | IDR 700,000,000 (~USD 46,667) |
| Duration | 5 years (no renewal) | 10 years (no renewal) |
| Processing Time | 4-6 weeks | 4-8 weeks |
| Work Rights | Depends on vehicle | Depends on vehicle |
| Family Inclusion | Spouse + dependents | Spouse + dependents |
| Renewal | New application after 5 years | New application after 10 years |
Corporate Investor Tiers
Companies investing in Indonesia can also apply for Golden Visa sponsorship for their key personnel:
| Tier | Investment Amount | Validity | Notes |
|---|---|---|---|
| Corporate 5-Year | IDR 2,500,000,000 (~USD 166,667) | 5 years | For company establishment or expansion |
| Corporate 10-Year | IDR 5,000,000,000 (~USD 333,333) | 10 years | For substantial business investment |
Corporate Golden Visa allows a PT PMA (foreign investment company) to sponsor multiple foreign executives/investors for Golden Visa based on the company's total investment.
Individual Golden Visa is for personal investment where you are the direct investor, not through a company structure.
Investment Vehicles (What Qualifies)
Golden Visa Investment Calculator
Check your investment eligibility
Default Inputs
- Investment Vehicle
- Government Bonds (SBN)
- Investment Amount (IDR)
- 350,000,000 IDR
- Desired Golden Visa Tier
- 5-Year Individual
Estimated Result
Estimated total
✅ You meet the minimum for 5-Year Individual Golden Visa
Rp 350.000.000
1. Government Bonds (Surat Berharga Negara - SBN)
Eligible Bonds:
- SBN (Surat Berharga Negara)
- ORI (Obligasi Republik Indonesia)
- Sukuk (Islamic bonds)
- SUN (Surat Utang Negara)
Requirements:
- Must be held at Indonesian securities account
- Minimum holding period: Match visa validity (5 or 10 years)
- Must provide proof of purchase and custody
- Bonds must be in your name (not company)
Work Rights: ❌ No work authorization (residence only)
Pros:
- Liquid investment (can sell after visa period)
- Regular interest payments
- Government-backed security
- Clear exit strategy
Cons:
- Market risk (bond value fluctuates)
- Currency risk (IDR vs your home currency)
- Interest rates may be lower than alternatives
2. Indonesian Property
Eligible Properties:
- Residential property (houses, apartments, villas)
- Commercial property (offices, retail spaces)
- Land with development plans
- Must be located in Indonesia
Requirements:
- Property value must meet investment threshold
- Must provide proof of ownership (certificate of title)
- Property appraisal from certified appraiser
- Foreigners limited to leasehold or Hak Pakai (see note below)
Work Rights: ❌ No work authorization (residence only)
Pros:
- Tangible asset you can use/live in
- Potential appreciation
- Rental income possible
- No need to liquidate after visa period
Cons:
- Illiquid (hard to sell quickly)
- Foreigners cannot own freehold (Hak Milik)
- Property maintenance costs
- Market fluctuations
Important: Foreigners cannot directly own freehold (Hak Milik) land in Indonesia. For Golden Visa property investment:
- Hak Pakai (Right to Use): 25-80 years, renewable, allowed for foreigners
- Leasehold: 25-30 years, renewable, common in Bali
- Through PT PMA: Company ownership (different visa category)
Always consult a property lawyer before purchasing for Golden Visa purposes.
3. Public Company Stocks
Eligible Investments:
- Shares of Indonesian public companies listed on IDX (Indonesia Stock Exchange)
- Portfolio must be maintained at Indonesian securities firm
- Combined portfolio value must meet threshold
Requirements:
- Securities account at Indonesian broker
- Proof of stock ownership and value
- Portfolio valuation every 6 months
- Must rebalance if value drops below threshold
Work Rights: ❌ No work authorization (residence only)
Pros:
- Highly liquid (can sell anytime)
- Dividend income
- Potential capital appreciation
- Diversified investment
Cons:
- High market volatility risk
- Must maintain minimum value (market risk)
- Transaction fees and taxes
- Requires active monitoring
4. Bank Deposit (State Bank)
Eligible Banks:
- Bank Negara Indonesia (BNI)
- Bank Rakyat Indonesia (BRI)
- Bank Mandiri
- Bank Tabungan Negara (BTN)
Requirements:
- Deposit must be at Indonesian state bank
- Time deposit or savings account in your name
- Minimum holding period: Match visa validity
- Certificate of deposit from bank
Work Rights: ❌ No work authorization (residence only)
Pros:
- Safest option (government-backed)
- Guaranteed principal
- Interest income
- Easy to prove and maintain
Cons:
- Lowest returns (deposit interest rates)
- Currency risk (IDR depreciation)
- Funds locked for visa period
- Inflation may erode value
As of February 2026, Indonesian state bank deposit rates for large deposits:
- 1-year: 3.5-4.5% per annum
- 5-year: 4.5-5.5% per annum
- 10-year: Not commonly offered (5-year renewed)
Example: IDR 350M at 5% = IDR 17.5M annual interest (~USD 1,166/month)
5. PT PMA Business Investment
Eligible Investments:
- Establishing or investing in PT PMA (foreign investment company)
- Must be registered with BKPM
- Business must be operational (not just on paper)
Requirements:
- Company registered and operational
- Investment must be in paid-up capital
- Business plan and financial statements
- Proof of capital deposit
Work Rights: ✅ Yes, if you hold director position with proper RPTKA
Pros:
- Can work in your own business
- Active investment with business control
- Potential for high returns
- Family members can be employed
Cons:
- Most complex option
- Business operational risks
- Requires active management
- Regulatory compliance burden
Different programs:
- Golden Visa (ITAP): Permanent residence, 5-10 year validity, IDR 350M+ investment
- Investor KITAS (E28A): Temporary stay permit, 2-year validity, IDR 10B+ shareholding, renewable annually
If you're establishing a PT PMA, evaluate both options. Golden Visa may be better if you want long-term residence without annual renewals.
Golden Visa vs KITAP Comparison
Many investors wonder: Should I apply for Golden Visa or work toward KITAP (permanent residence)?
Golden Visa vs KITAP
Two paths to Indonesian permanent residence
| Feature | Golden Visa (ITAP) Investment-based permanent residence | KITAP Traditional permanent residence |
|---|---|---|
| Eligibility | IDR 350M+ investment | 5 years continuous KITAS |
| Waiting Period | None (immediate application) | 5 years minimum |
| Duration | 5 or 10 years | 5 years (renewable) |
| Renewal | New application at end | Every 5 years |
| Investment Required | Yes (ongoing) | No minimum |
| Work Rights | Depends on vehicle | Yes (if KITAS was work visa) |
| Time to Residence | 4-8 weeks | 5+ years |
Choose Golden Visa If:
- You have significant liquid capital (IDR 350M+)
- You want Indonesian residence immediately
- You don't want to wait 5 years
- You prefer passive investment (bonds, property, stocks)
- You can afford to lock investment for 5-10 years
Choose KITAP Path If:
- You don't have large upfront capital
- You're already working in Indonesia (have KITAS)
- You want to work before getting permanent residence
- You prefer to build toward residence over time
- Your company sponsors your KITAS
Yes, eventually. If you get Golden Visa (ITAP) first, you can later apply for KITAP after meeting its requirements. However, this is uncommon since Golden Visa already grants permanent residence.
More common: Get KITAS → work 5 years → apply for KITAP (no investment needed).
Application Process
Golden Visa Application Journey
From investment to ITAP approval
Document Checklist
Golden Visa Document Requirements
Complete checklist for ITAP application
identity
investment
personal
medical
legal
family
sponsor
Rights and Limitations
What You CAN Do with Golden Visa
✅ Live in Indonesia indefinitely - For full 5 or 10 year validity ✅ Multiple entry/exit - Travel freely, no re-entry permit needed ✅ Open bank accounts - As Indonesian resident ✅ Own vehicles - Cars, motorcycles in your name ✅ Sponsor family - Spouse, dependent children ✅ Receive dividends - From Indonesian investments ✅ Buy property - Under Hak Pakai (foreigner rules apply) ✅ Start PT PMA - Establish business (if separate from Golden Visa investment)
What You CANNOT Do (Generally)
❌ Work without authorization - Golden Visa is residence, not automatic work permit ❌ Access BPJS - National health insurance (may change in future) ❌ Vote - Permanent residence is not citizenship ❌ Own freehold land - Hak Milik still restricted to Indonesian citizens ❌ Withdraw investment early - Must maintain for visa validity period
Golden Visa alone does NOT grant work authorization. However:
- PT PMA investment: If you invest via your own PT PMA and hold a director position, you can work under that company with proper RPTKA work authorization
- Passive investments (bonds, property, stocks, deposits): No work rights, residence only
- Separate work permit: You can apply for a working KITAS while holding Golden Visa if you find employment
Best practice: Clarify work authorization needs before choosing investment vehicle.
Costs and Fees
Official Government Fees
| Item | Cost (IDR) | Notes |
|---|---|---|
| ITAP Application Fee | 5,000,000 - 10,000,000 | Varies by tier (5 vs 10 year) |
| Document Legalization | 500,000 - 2,000,000 | Per document set |
| Biometrics & Card Issuance | 1,000,000 | ITAP physical card |
| Total Government Fees | ~6,500,000 - 13,000,000 | Approximate |
Service Provider Fees (Bali Zero Estimate)
| Service | Cost (IDR) | Notes |
|---|---|---|
| Legal Consultation | 5,000,000 - 10,000,000 | Immigration lawyer |
| Document Preparation | 3,000,000 - 5,000,000 | Translation, legalization |
| Application Processing | 10,000,000 - 15,000,000 | Full service from Bali Zero |
| Total Service Fees | ~18,000,000 - 30,000,000 | Varies by complexity |
Investment Costs (Not Included Above)
| Investment Vehicle | Minimum Cost | Notes |
|---|---|---|
| 5-Year Individual | IDR 350,000,000 | ~USD 23,333 |
| 10-Year Individual | IDR 700,000,000 | ~USD 46,667 |
| 5-Year Corporate | IDR 2,500,000,000 | ~USD 166,667 |
| 10-Year Corporate | IDR 5,000,000,000 | ~USD 333,333 |
All-In Cost Example (5-Year Individual)
Investment: IDR 350,000,000
Government fees: IDR 6,500,000
Service fees: IDR 20,000,000
-----------------------------------------
TOTAL: IDR 376,500,000 (~USD 25,100)
Note: Investment amount is your asset - you own the bonds/property/stocks, not a non-refundable fee.
Family Inclusion
Spouse Sponsorship
Eligible: Legal spouse (marriage certificate required)
Process:
- Apply for your Golden Visa first
- After approval, apply for spouse's dependent ITAP
- Spouse gets same validity period as principal holder
Requirements for Spouse:
- Marriage certificate (apostilled/legalized)
- Passport (valid 24+ months)
- Medical fitness certificate
- Police clearance
- Passport photos
Cost: Additional ~IDR 10-15M (government + service fees)
Dependent Children
Eligible: Unmarried children under 21 years old
Process:
- Apply together with principal Golden Visa application, OR
- Add children after principal approval
Requirements per Child:
- Birth certificate (apostilled/legalized)
- Passport (valid 24+ months)
- Medical fitness certificate
- Passport photos
- Proof of dependency (student enrollment, financial support)
Cost: Additional ~IDR 8-12M per child
If your children are over 21, they cannot be sponsored as dependents on your Golden Visa. They would need to:
- Apply for their own Golden Visa (if they have qualifying investment), OR
- Apply for appropriate visa (student visa if studying, work visa if employed), OR
- Remain on tourist visa and do visa runs
This is a common challenge for families with adult children.
Maintenance and Renewal
During Validity Period (5 or 10 Years)
Annual Requirements:
- Maintain investment at minimum threshold
- Valid health insurance
- No criminal violations
- Tax compliance (if earning Indonesian income)
Investment Monitoring:
- Bonds/Stocks: Must maintain minimum value (market fluctuations monitored every 6 months)
- Property: Annual proof of ownership (PBB tax receipts)
- Deposit: Bank certificate confirming balance
- PT PMA: Annual financial statements, operational proof
Reporting:
- Immigration may request proof of continued investment annually or biennially
- Keep all investment statements organized
Renewal After 5 or 10 Years
Unlike KITAP which renews for another 5 years, Golden Visa requires full re-application at the end of its validity period.
This means:
- New application process (similar to initial application)
- Re-prove investment and financial capacity
- Update all documents
- Pay fees again
Strategy: Many holders choose 10-year option to minimize renewal frequency.
Renewal Requirements:
- Investment still meets threshold (adjusted for inflation?)
- No criminal record during validity period
- Continued financial capacity
- Updated medical fitness
- All documents re-submitted
Renewal Costs: Similar to initial application (~IDR 25-40M total)
Real-World Case Studies
Case 1: European Retiree (5-Year, Bank Deposit)
Profile:
- Age 58, retired engineer from Germany
- Wanted long-term Bali residence without business complexity
- Had EUR 50,000 savings (well above IDR 350M threshold)
Investment Choice: IDR 400M bank deposit at BNI (5-year time deposit)
Process:
- Deposit made: February 2025
- Application submitted: March 2025
- Golden Visa approved: April 2025 (5 weeks total)
Outcome:
- Living in Bali with 5-year residence
- Earning 5.2% annual interest (~IDR 20.8M/year, ~USD 1,400/year)
- No annual visa renewals needed
- Sponsored wife (also retirement age)
Total Cost: IDR 400M investment + IDR 28M fees = IDR 428M (~USD 28,500)
Case 2: American Entrepreneur (10-Year, PT PMA)
Profile:
- Age 42, tech entrepreneur from California
- Wanted to establish Indonesian branch of SaaS company
- Had existing business revenue and capital
Investment Choice: IDR 12 billion PT PMA (software development company)
Process:
- PT PMA established: January 2025 (capital: IDR 12B)
- Golden Visa application: February 2025
- Approval: April 2025 (8 weeks)
- Also obtained RPTKA for work authorization as director
Outcome:
- 10-year residence + work rights
- Can hire local and foreign employees
- Company is operational (real business, not just for visa)
- Sponsored wife and 2 children (ages 8 and 12)
Total Cost: IDR 12B investment + IDR 35M fees + IDR 45M family sponsorship = IDR 12.08B (~USD 805,000)
Note: Investment far exceeds minimum because it's a real business, not visa-only purpose.
Case 3: Australian Investor (5-Year, Property)
Profile:
- Age 51, property investor from Sydney
- Already owned leasehold villa in Canggu (purchased 2020)
- Villa appraised at IDR 8 billion (USD 533,000)
Investment Choice: Existing villa property (met 5-year IDR 350M threshold easily)
Process:
- Property re-appraised: March 2025 (certified appraiser)
- Golden Visa application: April 2025
- Approval: June 2025 (7 weeks)
Outcome:
- 5-year residence based on property already owned
- Villa leasehold expires 2045 (20 years remaining)
- Rents villa on Airbnb when traveling (rental income ~USD 3,000/month)
Total Cost: IDR 0 new investment (property already owned) + IDR 26M fees = IDR 26M (~USD 1,733)
Note: This is the most cost-effective scenario if you already own qualifying property.
Case 4: Singaporean Investor (10-Year, Government Bonds)
Profile:
- Age 45, finance professional from Singapore
- Wanted passive investment with liquidity
- Portfolio diversification into IDR-denominated assets
Investment Choice: IDR 800M in Indonesian government bonds (SBN)
Process:
- Opened securities account at Indonesian broker: January 2025
- Purchased bonds: February 2025 (mix of 5-year and 10-year SBN)
- Golden Visa application: March 2025
- Approval: May 2025 (6 weeks)
Outcome:
- 10-year residence
- Bond interest: ~6% annually (IDR 48M/year, ~USD 3,200/year)
- Bonds remain liquid (can sell after 10 years or if leaving Indonesia)
- Single (no family sponsorship)
Total Cost: IDR 800M investment + IDR 25M fees = IDR 825M (~USD 55,000)
Who Should Consider Golden Visa?
Ideal Candidates
✅ High-net-worth individuals - Have IDR 350M+ liquid capital ✅ Retirees with savings - Want long-term residence without annual renewals ✅ Property investors - Already own or plan to buy Indonesian property ✅ Business owners - Establishing PT PMA and want long-term stability ✅ Digital nomads with capital - Remote workers who want Indonesian base ✅ Family relocation - Want to sponsor spouse and children long-term
Not Ideal For
❌ Budget travelers - IDR 350M is too high for typical digital nomads ❌ Short-term stays - Tourist visa or B211A cheaper for 1-2 year stays ❌ Those needing work rights - Golden Visa alone doesn't grant work permit (unless PT PMA route) ❌ Risk-averse investors - Investment must stay locked for visa period ❌ Those without capital - Cannot borrow or lease investment (must be owned)
Common Questions
Ask Zantara
AI-powered answers from our knowledge base
Suggested questions:
What if my investment loses value?
Stock/Bond portfolios: If market fluctuations drop your portfolio below the minimum threshold (IDR 350M or 700M), immigration may require you to:
- Top up investment to meet minimum, OR
- Convert to different investment vehicle, OR
- Risk Golden Visa revocation
Recommendation: Invest 10-20% above minimum as buffer for market volatility.
Property: Appraisal is typically done once at application. Unless major market crash, unlikely to cause issues during validity period.
Bank deposit: No risk (principal guaranteed).
Can I change investment vehicles mid-validity?
Generally, no. Your Golden Visa is tied to the investment you declared at application. To change:
- Must notify immigration in advance
- New investment must meet same criteria
- May require partial re-application
- Immigration discretion to approve
Example: If you invested in bonds and want to switch to property, you cannot simply sell bonds and buy property without immigration approval.
What happens if I don't renew after 5/10 years?
If you choose not to renew Golden Visa at expiration:
- You lose Indonesian residence status
- You revert to tourist visa or must obtain new visa
- Your investment can be withdrawn/sold (no penalty)
- No adverse immigration record (not an overstay)
Note: Unlike KITAP, letting Golden Visa expire is not an "offense" - it's simply choosing not to renew.
Can Golden Visa lead to Indonesian citizenship?
Not directly. Indonesia does not have an "investment citizenship" program.
To become an Indonesian citizen, you must:
- Hold permanent residence (KITAP or Golden Visa) for minimum duration
- Meet citizenship requirements (language, integration, etc.)
- Apply for naturalization
- Renounce previous citizenship (Indonesia generally doesn't allow dual citizenship)
Timeline: Even with Golden Visa, citizenship takes 5-10+ years and is not guaranteed.
Golden Visa vs Other Long-Term Visa Options
Long-Term Indonesia Visa Options
Compare all pathways to long-term residence
| Feature | Golden Visa (ITAP) Investment-based permanent residence | KITAP Traditional permanent residence | Investor KITAS (E28A) Temporary investor permit | Retirement KITAS (E311A) 5-year retirement permit | Second Home Visa (E33) 10-year retirement for high-net-worth |
|---|---|---|---|---|---|
| Investment | IDR 350M - 5B | None required | IDR 10B+ shareholding | USD 50K deposit | USD 130K property or deposit |
| Duration | 5 or 10 years | 5 years (renewable) | 2 years (renewable) | 5 years | 10 years |
| Work Rights | Depends on vehicle | Yes (if from work KITAS) | No (unless also have RPTKA) | No | No |
| Time to Get | 4-8 weeks | 5+ years KITAS first | 6-10 weeks | 2-3 weeks | 3-4 weeks |
| Renewal | Full re-application | Every 5 years | Every 2 years | After 5 years | After 10 years |
| Best For | Wealthy investors | Long-term residents/workers | PT PMA shareholders | Retirees 55+ | Wealthy retirees 55+ |
Action Steps: How to Get Started
Step 1: Financial Assessment
Before proceeding:
- Verify you have minimum investment amount (IDR 350M or 700M)
- Ensure funds are liquid and transferable to Indonesia
- Budget additional ~IDR 20-30M for fees
- Consider family sponsorship costs if applicable
Step 2: Choose Investment Vehicle
Match your situation:
- Passive/Safe: Bank deposit (guaranteed principal)
- Income-focused: Government bonds (interest income)
- Existing asset: Property you already own/plan to buy
- Risk-tolerant: Stocks (highest potential returns)
- Business owner: PT PMA (work rights included)
Step 3: Consult Immigration Expert
Recommended: Engage immigration lawyer or licensed agent (like Bali Zero) BEFORE making investment.
Why?
- Verify investment vehicle qualifies
- Ensure documentation is correct
- Avoid costly mistakes
- Streamline application process
Step 4: Execute Investment
Once strategy confirmed:
- Open necessary accounts (bank, securities, etc.)
- Transfer funds to Indonesia
- Execute investment transaction
- Obtain proof documents (certificates, statements)
Step 5: Apply for Golden Visa
With investment completed:
- Gather all documents (see checklist above)
- Legalize/apostille foreign documents
- Submit application via immigration lawyer
- Attend biometrics appointment
- Receive Golden Visa approval
Step 6: Maintain Compliance
During visa validity:
- Keep investment at minimum threshold
- File annual reports if required
- Maintain health insurance
- Keep all documentation organized for renewal
Related Articles
- Investor KITAS Guide (E28A)
- KITAP Permanent Residence Guide
- Retirement Visa Indonesia (E33E/E33F)
- Property Investment Guide
- PT PMA Registration Guide
- Global Citizenship Indonesia
Disclaimer
This guide provides general information about Indonesia's Golden Visa program based on regulations as of February 2026. This is NOT legal advice.
Immigration regulations change frequently. Always:
- Consult licensed immigration lawyer before making investment
- Verify current requirements with Direktorat Jenderal Imigrasi
- Ensure your specific situation qualifies before investing
Bali Zero offers comprehensive Golden Visa consultation and application services. Contact us for personalized guidance.
Last Updated: February 17, 2026 Sources: Direktorat Jenderal Imigrasi, Peraturan Menteri Hukum dan HAM RI, BKPM regulations, Bali Zero legal team
Topics
Zantara AI
AI Immigration Advisor
Questions about how this applies to your case?
Bali Zero handles visas, company setup, tax and property compliance in Indonesia. Ask us directly on WhatsApp.
Chat with Bali Zero on WhatsApp