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Exa: mataram.antaranews.com
Exa: mataram.antaranews.com
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Chat with Bali Zero on WhatsApp**Indonesia's Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, expressed hope that the country's Golden Visa program would serve as a **
Indonesia's Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, expressed hope that the country's Golden Visa program would serve as a direct lever to amplify foreign investment flows into Labuan Bajo, the gateway city to Komodo National Park in East Nusa Tenggara. The minister's statement reflects a broader government push to develop Labuan Bajo as one of Indonesia's five priority 'super-priority' tourism destinations, positioning it alongside Bali and Borobudur as a magnet for premium global capital.
The Golden Visa program itself rests on a consolidated regulatory stack. The foundational mandate was formalized under PP Nomor 40 Tahun 2023, a fourth amendment to the existing Government Regulation on Immigration. The third amendment of the Immigration Law — enacted as UU Nomor 63 Tahun 2024 — took an additional step by abolishing the requirement for a separate Multiple Exit Re-entry Permit (MERP). Under the updated framework, re-entry authorization is now automatically and free-of-charge embedded within the electronic stay permit (e-ITAS or e-ITAP) of every Golden Visa holder from the moment of electronic issuance.
The operational definitions and investment thresholds are governed by Permenkumham Nomor 22 Tahun 2023, as amended by Permenkumham Nomor 11 Tahun 2024. The regulation formalizes the Golden Visa as a cluster of temporary or permanent stay permits — ITAS or ITAP — granted for terms of five or ten years. Two corporate-investment tracks exist: the E28B five-year permit requires a minimum paid-up capital commitment of USD 2,500,000 into a PT PMA within 90 days of e-ITAS issuance, while the ten-year equivalent elevates that threshold to USD 5,000,000 under the same 90-day window. For investors who prefer not to establish a local entity, a ten-year portfolio path (E28C) is available: a minimum of USD 700,000 placed in Indonesian government bonds (SBN) or publicly listed shares, or alternatively USD 1,000,000 invested in a strata-title apartment.
A notable structural feature distinguishes the Golden Visa from conventional Indonesian residency pathways: Golden Visa holders are exempt from the standard requirement to hold a local physical sponsor. In place of a sponsor, the regulation mandates an Immigration Financial Guarantee (Jaminan Keimigrasian), reducing bureaucratic dependency on Indonesian counterparts for residency continuity.
On the cost side, administrative tariffs are set by PP Nomor 45 Tahun 2024 at Rp7,000,000 for a five-year permit and Rp12,000,000 for a ten-year permit. A separate regulation — PP Nomor 44 Tahun 2025 — creates a mechanism by which these non-tax state revenue (PNBP) fees can be reduced to zero as a strategic incentive in financial or investment priority zones, potentially making the program even more competitive for investors targeting designated development corridors.
Sandiaga's statement is less a policy announcement than a policy signal — and signals from Indonesia's tourism ministry carry weight when accompanied by the regulatory architecture already in place. T
he Golden Visa is not aspirational technology; it is live, operational, and underutilized relative to its potential. What the minister is doing is pointing a spotlight at Labuan Bajo specifically, whi
ch matters because Indonesia's investment incentive machinery — including the PNBP zero-tariff mechanism under PP 44/2025 — can theoretically be deployed on a zone-by-zone basis.
For Bali Zero clients, the practical implication is twofold. First, the sponsor-free structure of the Golden Visa continues to be its most underrated feature: investors do not need to find an Indonesian company willing to vouch for their residency. Second, the 90-day clock on capital deployment after e-ITAS issuance is tight and non-negotiable under the current regulation. Anyone structuring a Labuan Bajo hospitality or real estate investment through the E28B corporate track needs their PT PMA incorporation and capital flow timeline mapped before applying — not after.
Labuan Bajo is a genuinely compelling thesis: limited land, premium international air connectivity (direct from Singapore and Australia), and a government-declared super-priority status. The Golden Visa is the cleanest legal vehicle to anchor residency to that investment.
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