Loading Zantara...
Exa: kalteng.antaranews.com
Exa: kalteng.antaranews.com
Bali Zero handles visas, company setup, tax and property compliance in Indonesia. Ask us directly on WhatsApp.
Chat with Bali Zero on WhatsAppIndonesia's Golden Visa program offers foreign nationals a pathway to long-term residency — five or ten years — in exchange for qualifying capital com
Indonesia's Golden Visa program offers foreign nationals a pathway to long-term residency — five or ten years — in exchange for qualifying capital commitments or portfolio investments. The program's statutory basis was formally established under the fourth amendment to Government Regulation No. 31/2013, enacted as PP No. 40/2023, which explicitly mandated the regulatory framework to attract high-value foreign capital and individual talent to Indonesia.
The regulatory architecture further solidified under Ministerial Regulation Permenkumham No. 22/2023, subsequently amended by Permenkumham No. 11/2024, which designated the 'E28' index series specifically for investor Golden Visas. Two distinct tracks govern eligibility. Under the E28B corporate investment track, applicants must commit USD 2,500,000 in capital to qualify for a 5-year e-ITAS, or USD 5,000,000 for the 10-year permit. The E28C portfolio track — designed for individuals who prefer not to establish a local company — requires a personal commitment of USD 700,000 in Indonesian government bonds (Surat Berharga Negara, or SBN) or publicly listed shares, or alternatively USD 1,000,000 invested in a qualifying apartment unit. Critically, under both tracks, the stated investment commitment must be demonstrated within 90 days of the initial e-ITAS issuance — not from the application date.
Administrative fees are fixed under PP No. 45/2024, which establishes the official state non-tax revenue (PNBP) tariffs for the Ministry of Law and Human Rights: Rp7,000,000 for a stay permit valid up to five years, and Rp12,000,000 for a permit valid up to ten years. A separate and newer fiscal instrument, PP No. 44/2025, introduces a provision allowing immigration-related PNBP to be set to Rp0 — effectively waiving the administrative fee entirely — as a strategic incentive tool deployed in financial centers or in alignment with broader corporate tax relief programs. This waiver is not automatic and applies only in designated contexts.
One of the program's most consequential procedural changes is the elimination of the Multiple Exit Re-entry Permit as a standalone administrative requirement. Under UU No. 6/2011 as amended by UU No. 63/2024, re-entry authorization is now automatically and without additional cost embedded directly into the electronic stay permits of all Golden Visa holders from the moment of issuance. This removes a historically recurring expense and administrative burden for long-term foreign residents who travel internationally.
Equally significant is the sponsor exemption codified in Pasal 191 of Permenkumham No. 22/2023. Golden Visa holders are explicitly exempt from the requirement to secure a local Indonesian physical sponsor — a condition that has historically constrained and complicated long-term residency management for foreigners. In its place, holders must provide an Immigration Financial Guarantee (Jaminan Keimigrasian), a formal financial accountability instrument. The governance of these self-sponsored guarantees, including periodic audits and personal financial liability parameters, now falls under the Ministry of Immigration and Corrections (Kemenimipas), as governed by Permenimipas No. 5/2025, which took effect on March 7, 2025, officially revoking the earlier Permenkumham No. 36/2021.
The Golden Visa's dual-track design is the first analytical lens advisors should apply to a client's situation. The E28B corporate track makes sense primarily when a client is actively establishing or
scaling a business in Indonesia — the USD 2.5 million threshold for five years is substantial, but it layers logically on top of a legitimate PT PMA structure where capital has already been committed
or is in the investment plan. The E28C portfolio route is the cleaner instrument for wealth-preservation clients: USD 700,000 in SBN or listed shares is a capital allocation, not a sunk cost — the asset retains market value and liquidity while generating the residency benefit.
The abolition of the local sponsor requirement represents a genuine structural improvement for client risk profiles. Previously, dependency on an Indonesian sponsor created a legal exposure that was difficult to unwind if the relationship deteriorated. The Jaminan Keimigrasian replaces that with a regulated financial instrument — auditable, governed by Kemenimipas, and not contingent on any third party's goodwill or continued cooperation. The Golden Visa is now the only long-term residency product in Indonesia that is genuinely self-standing for the holder. For clients building decade-long presence in Bali, that structural independence is material.
AI-powered answers from our knowledge base