Loading Zantara...
Exa: jogja.antaranews.com
Exa: jogja.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, formally established under Government Regulation No. 59 of 2021 and operationalized through subsequent Ministry of La
Indonesia's Golden Visa program, formally established under Government Regulation No. 59 of 2021 and operationalized through subsequent Ministry of Law and Human Rights directives, creates a residency-by-investment pathway for foreign nationals. The program issues special stay permits (ITAS/ITAP) of five to ten years in exchange for qualifying capital commitments made in Indonesia.
For property investment specifically, foreign nationals cannot hold freehold title (Hak Milik) under Indonesian law, which reserves that category of ownership exclusively for Indonesian citizens. However, Golden Visa applicants can structure qualifying investments through Indonesian legal entities, or hold property under Hak Pakai (right of use) and Hak Sewa (leasehold) titles, which are accessible to foreigners and permanent residents.
The investment thresholds for Golden Visa eligibility are tiered by applicant category. Individual investors are generally required to demonstrate capital placement of USD 350,000 for a five-year permit or USD 700,000 for a ten-year permit, though these figures are subject to revision by ministerial regulation. Corporate investors face higher thresholds, typically in the range of USD 25 million for established businesses.
The program is administered by the Directorate General of Immigration under the Ministry of Law and Human Rights, with coordination from the Investment Coordinating Board (BKPM, now rebranded as BKPM/BKPM under the Indonesia Investment Authority framework). Applications require documentation of investment fund sources, a clean criminal record, and valid health insurance coverage.
Yogyakarta's regional government and business community have shown interest in leveraging the Golden Visa framework to attract foreign capital into the special region's property and hospitality sectors, which have seen significant growth following the post-pandemic tourism recovery. The program represents a deliberate policy effort to channel foreign investment into productive economic sectors while providing legal certainty for long-term foreign residents.
The Golden Visa remains one of the most genuinely useful tools in the Indonesian immigration toolkit for foreign investors who want a stable, long-term residency status without the complexity of runni
ng a full PT PMA. For our clients, the headline opportunity is straightforward: park qualifying capital in an Indonesian structure, hold a multi-year stay permit, and avoid the annual renewal treadmil
l of a standard KITAS.
The property angle is where the nuance matters. Indonesia has not changed its fundamental restriction on freehold ownership by foreigners. What the Golden Visa unlocks is a cleaner, more defensible pathway to Hak Pakai title and to holding shares in a PT PMA that owns property assets. Clients who approach us expecting to buy a villa outright in their personal name will still be disappointed. Clients who understand they are investing in a structure — and that the Golden Visa legitimizes their long-term presence within that structure — tend to find it genuinely valuable.
The Yogyakarta angle is worth watching. As the central government pushes Golden Visa promotion into regional markets beyond Bali and Jakarta, we expect to see more provincial-level incentive packages emerge. Bali remains the most active market, but diversification is accelerating.
Checklist
Configuration required: items array
AI-powered answers from our knowledge base