Indonesia Golden Visa FAQ: Everything You Need to Know

The Indonesia Golden Visa accepts investments through four approved channels: (1) Indonesian government bonds (SBN/ORI) purchased through authorised securities dealers, providing a low-risk, sovereign-backed investment; (2) Indonesian real estate — residential or commercial property with a minimum value meeting the investment threshold; (3) IDX-listed equities — shares in companies listed on the Indonesia Stock Exchange; and (4) Corporate establishment through a foreign-owned limited liability company (PT PMA) registered with BKPM. Each pathway has distinct risk profiles, liquidity characteristics, and return potential — our investment team helps you select the option that best aligns with your financial goals.

For individual applicants, the minimum qualifying investment is IDR 5 billion (approximately USD 350,000 at current exchange rates) for a 5-year Golden Visa. The 10-year visa requires IDR 10 billion (approximately USD 700,000). For corporate applicants, the thresholds are IDR 25 billion (5-year) and IDR 50 billion (10-year). These amounts represent the total value of qualifying assets that must be maintained throughout the visa validity period. The investment must be made through approved Indonesian financial institutions and verified by the relevant regulatory authority before your application can proceed.

Yes. Your qualifying investment is a genuine financial asset — not a donation or sunk cost. Government bonds generate regular coupon payments (typically 5-7% per annum), real estate can be rented for income, equities provide dividends and potential capital appreciation, and corporate investments generate business profits. The key requirement is that the total value of your qualifying investment must remain at or above the threshold throughout the visa validity period. Our investment team structures your portfolio to optimise returns while maintaining compliance.

If market fluctuations cause your qualifying investment to fall below the threshold temporarily, you are not in immediate jeopardy of losing your visa. Indonesian immigration authorities conduct periodic compliance reviews rather than real-time monitoring. However, we strongly recommend maintaining a buffer above the minimum threshold and diversifying across asset classes where possible. Our compliance team monitors your investment value quarterly and alerts you if any action is needed to maintain eligibility, giving you ample time to top up your investment if necessary.

You can restructure your investment — for example, switching from bonds to real estate — provided the total qualifying value remains above the threshold at all times. However, completely liquidating your qualifying investment would void the basis for your Golden Visa and could result in visa cancellation upon the next compliance review. If your circumstances change and you wish to exit the programme, we can advise on the proper procedure to do so while protecting your financial interests.

Yes. The Golden Visa grants you the right to reside and conduct business activities in Indonesia. You can work as a director or commissioner of your own PT PMA company, manage your investments, and engage in business activities. However, if you wish to be employed by a third-party Indonesian company, additional work permit requirements may apply. Our legal team can advise on the specific employment regulations relevant to your situation and help you structure your professional activities to comply with Indonesian labour law.

As a Golden Visa holder residing in Indonesia for more than 183 days per year, you become an Indonesian tax resident and are subject to Indonesian income tax on your worldwide income under the prevailing tax treaty network. Indonesia operates a progressive income tax system with rates ranging from 5% to 35%. However, Indonesia has extensive double taxation agreements with over 70 countries, which can significantly reduce your effective tax burden. Our tax planning partners provide comprehensive tax structuring advice to optimise your position — we recommend engaging with them before finalising your investment to ensure tax efficiency.

Unlike some other countries’ residency programmes, Indonesia’s Golden Visa does not impose a strict minimum stay requirement during the visa validity period. You are free to travel in and out of Indonesia as you wish. However, prolonged absence from Indonesia (exceeding 12 consecutive months) may raise questions during visa renewal about your genuine intention to reside. We recommend maintaining a demonstrable connection to Indonesia — such as maintaining a local address, bank account, and periodic visits — to ensure smooth renewal when the time comes.

Golden Visa holders have full access to Indonesia’s private healthcare system, which includes internationally accredited hospitals in Jakarta, Bali, and Surabaya. Many expatriates supplement local healthcare with international health insurance for comprehensive coverage. For families with children, Indonesia offers excellent international schools following British, American, Australian, and IB curricula in major cities. Our settlement support team provides recommendations for healthcare providers and schools based on your location and preferences.

Foreign nationals in Indonesia can hold property under specific title types including Hak Pakai (Right to Use) for individual ownership and through a PT PMA for freehold (Hak Milik) equivalent ownership. The Golden Visa does not change property ownership rules, but it does provide the residency foundation needed to access certain property rights. For Golden Visa applicants using real estate as their qualifying investment, we structure the ownership correctly from the outset to ensure both visa compliance and asset protection. Our real estate partners conduct thorough due diligence on title clarity, zoning, and valuation.