Comparing the Golden Visa and Investor KITAS: Which Residency Visa is Right for You?
In recent years, Indonesia has become an attractive destination for foreign investors seeking to establish residency in the country. Two popular options for achieving this goal are the Golden Visa and the Investor KITAS. While both these visas offer pathways to Indonesian residency, they come with distinct features and requirements.
In this article, we will delve into the details of each visa program, highlighting the key differences and helping you decide which one may be the best fit for your unique circumstances.
Golden Visa vs Investor Visa/KITAS
The Golden Visa is a relatively new visa program introduced in February 2023. It is designed to encourage foreign investment in Indonesia. This visa offers the benefit of a long-term residency permit, which can be extended indefinitely.
To qualify for the Golden Visa in Indonesia, investors must meet one of the following financial requirements:
- Invest a minimum of USD 25 million in a large-sized company in Indonesia.
- Invest at least USD 50 million in a large-sized company in Indonesia and create a minimum of 10 jobs for Indonesian citizens.
- Invest a minimum of IDR 2 billion in a government bond.
The Golden Visa provides its holders with either a five-year or ten-year residency permit, giving them substantial flexibility in their stay in Indonesia.
The Investor KITAS, on the other hand, is a type of Temporary Stay Permit (KITAS) tailored specifically for foreign investors. It is ideal for those who invest in a limited liability company (Perseroan Terbatas/PT) in Indonesia.
To be eligible for the Investor KITAS, investors must meet the following criteria:
- Invest a minimum of IDR 1.25 billion in shares of a PT PMA (Foreign Investment Company) in Indonesia.
- The PT PMA must have a paid-up capital of at least IDR 10 billion.
The Investor KITAS provides its holders with either a one-year or two-year residency permit, and it can also be renewed indefinitely.
Now that we’ve covered the basics of both the Golden Visa and Investor KITAS, let’s explore the key differences between these two options:
The most prominent difference is the investment threshold. The Golden Visa demands a considerably higher investment compared to the Investor KITAS, making it accessible only to those who can meet the substantial financial prerequisites.
Duration of Residency
The duration of the residency permit is another critical factor to consider. The Golden Visa provides a more extended five-year or ten-year residency permit, while the Investor KITAS offers a shorter one-year or two-year permit. The Golden Visa also stands out for its potential for indefinite renewals, which the Investor KITAS lacks.
Also read: Indonesia Negative Investment List (DNI)
Which One is Better for You?
Choosing between the Golden Visa and the Investor KITAS depends on your individual circumstances and requirements. If you are a foreign investor with the financial capacity to meet the high investment criteria of the Golden Visa, it may be the preferable choice. The longer validity and renewability of this visa make it an attractive option for long-term residency.
However, if you cannot fulfill the significant financial prerequisites of the Golden Visa, the Investor KITAS is a more accessible alternative. It still provides foreign investors with an excellent opportunity to reside in Indonesia, albeit on a shorter-term basis.
If you find yourself uncertain about which visa suits your needs, you can contact us for FREE consultation.
Our team of experts will guide you through the registration process of golden visa and Indonesia investor KITAS application.
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FAQs about Golden Visa and Investor KITAS Indonesia
Can I work in Indonesia with the Golden Visa or Investor KITAS?
Both visas permit foreign investors to work in Indonesia. However, you should consult local regulations for specifics.
Is there an age limit for applying for the Golden Visa or Investor KITAS?
There is no specified age limit for either visa, but other eligibility criteria apply.
Can family members also obtain residency under these visas?
Yes, both visas generally allow family members to apply for dependent visa in Indonesia.
Are there any restrictions on the type of business I can invest in?
Both visas have some restrictions on the type of businesses you can invest in. Consult with authorities for details.