One of the most stressful about obtaining a visa in Indonesia is the cost of a work permit – particularly for new business owners. In 2019 Indonesian Government relaunched the Investor Visa / Investor KITAS which is significantly easier to obtain and answers for all the stress and make some huge financial savings.
According to the subsequent BKPM amendments based on Indonesia Presidential decree BKPM no.5/2019, Indonesia offers further benefits to Investors residing in Indonesia. Prior to this regulation issuance, it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit and costs US$1200 per year, as a mandatory fund. Due to this amendment, Working Permits are no longer necessary for Investor KITAS holders – reducing outlay by US$100 per month/$1200 per year.
The Investor KITAS is available with 2 term lengths, 1 year and 2 years.
As an example, choosing 2-years Investor KITAS will save US$2,400 over the term because of the non-compulsory DPKK fund, yearly KITAS processing, and associated costs.
On average, customers could save up to 40 Million IDR over the course of a 2-years visa!
Before Investors KITAS obtained, the company authorized capital should exceed 10 billion rupiah and should be a minimum 25% from authorized capital paid up. For companies that were set up prior to 2009, a lower capital investment is possible. Investors should first have a minimum value of 1 billion rupiah in personal shares invested in PMA companies and hold a title of either Director or Commissioner.
Investors with no position in a PMA, yet with personal shares of over IDR 1.125.000.000 (one billion, one hundred and twenty-five thousand rupiah) are eligible to apply for Investors KITAS with no working permission.
Investors stated as a Director are allowed to work with Investor Kitas. This is regulated in Manpower regulation ‘’Permenaker No. 10 Year 2018 on Article 10, Article 22, and Article 26 point C.
Investors stated as a Commissioner are not allowed to work – but still get a maximum 2 years to stay permit. For a Commissioner to be able to work need to have a minimum of IDR 1,125,000,000 (one billion, one hundred and twenty-five thousand rupiah) share ownership of the company.
Documents required :
Please note duration granted based on the applicant’s passport validity – with a minimum of 18 months, users only be granted a 1 year Investor KITAS, whereas more than 30 months validity, can obtain a 2-years KITAS.
