The Indonesia Golden Visa company investment route — visa indexes E28A and E28B — grants a 5-year or 10-year limited stay permit (e-ITAS) to foreign investors who commit capital to an Indonesian company, typically a PT PMA. The indicative thresholds are from USD 2.5 million for the 5-year permit and from USD 5 million for the 10-year permit, and unlike the passive portfolio route, this pathway is built for people who want to own, direct, and actively run a business in Indonesia.
If your goal is not simply to park capital but to build something on the ground — a hospitality group in Bali, a trading company in Jakarta — this is the version of the Golden Visa worth studying first. This guide covers the thresholds, the corporate profile test, your rights once approved, and the comparison with the E28C portfolio option.
How the E28A/E28B Company Investment Route Works
Indonesia’s Golden Visa sits under the limited stay visa (Visa Tinggal Terbatas) framework, with indexes E28A, E28B, and E28C covering individual investors. The E28A/E28B company route applies where the investor establishes or invests in an Indonesian company — in practice a PT PMA, the foreign-owned limited liability structure — rather than placing funds into passive instruments such as government bonds or bank deposits.
The exchange is simple: qualifying capital into an Indonesian company in return for long-term residence. Holders receive a 5- or 10-year electronic limited stay permit tied to the investment, with multi-entry privileges and no local sponsor or guarantor required — a clear structural difference from a sponsored KITAS. The permit is renewable provided the investment and underlying requirements are maintained. Before committing, review the complete set of Indonesia Golden Visa requirements, because the company pathway layers corporate-profile conditions on top of the standard documentary checklist.
Investment Thresholds: Indicative Figures for 5 and 10 Years
The figures below are the thresholds commonly cited in immigration-linked guidance for the individual investor routes as of 2026. Treat every number as indicative: thresholds and category definitions are set by Indonesian regulation and can change, so verify current figures with the official e-visa system and licensed counsel before moving capital.
| Route | Visa Duration | Indicative Minimum Investment | Where the Capital Goes |
|---|---|---|---|
| Company route (E28A/E28B) | 5 years | From USD 2.5 million | Indonesian company (PT PMA) establishment or investment |
| Company route (E28A/E28B) | 10 years | From USD 5 million | Indonesian company (PT PMA) establishment or investment |
| Portfolio route (E28C) | 5 years | From USD 350,000 | Government bonds, IDX-listed shares, mutual funds, or bank deposits |
| Portfolio route (E28C) | 10 years | From USD 700,000 (or USD 1,000,000+ in qualifying residential property) | Same instruments, or a qualifying apartment/flat purchase |
| Corporate / executive route | 5 or 10 years | From USD 25 million / USD 50 million | Corporate-level investment into Indonesia |
Two timing rules matter enormously for planning. First, qualifying funds must generally be placed within 90 days of arrival or e-ITAS issuance. Second, the investment must be maintained for the full visa duration — early withdrawal or restructuring below the threshold can trigger cancellation. Your capitalization plan, deployment schedule, and immigration timeline need to be designed together.
Investors operating at a larger scale — where the entity itself commits USD 25 million or more — fall under a separate corporate category we cover in our guide to the Indonesia Golden Visa corporate route.
The Corporate Profile Test: Shareholding and Turnover
The company route does not only test the money you bring into Indonesia — it also tests who you are as an investor. Alongside the USD 2.5 million or USD 5 million commitment, immigration-linked guidance describes additional corporate-profile conditions that commonly apply:
- Shareholding abroad: the applicant holds at least 20% of the shares in a foreign company outside Indonesia.
- Turnover thresholds: that foreign company demonstrates annual turnover of at least USD 25 million for the 5-year visa, or at least USD 50 million for the 10-year visa.
- Audited financials: the turnover and ownership position are evidenced with audited financial statements and corporate registry documents, not self-declarations.
The policy intent is clear: Indonesia is using E28A/E28B to attract operators with a proven record of running substantial businesses. If you hold a significant stake in an established overseas company with clean audited accounts, the documentary burden is manageable. If you cannot meet the shareholding or turnover tests, the conversation usually redirects to the E28C portfolio route, which carries no corporate-profile requirement.
What You Can Actually Do: Director, Commissioner, Operator
This is the defining advantage of the company route. E28A/E28B holders can act as director or commissioner of their Indonesian company, manage the business day to day, and reside in Indonesia long term on that single status — no local sponsor between you and your own company, and no separate work authorization needed for your role in the entity you invested in.
Contrast this with the portfolio route: E28C typically allows residence and certain business and investment activities, but does not automatically grant employment rights in unrelated entities; advisory practice treats active roles case by case. If you intend to sign contracts, hire a team, and be operationally present in your company, the company route is designed for exactly that posture — the portfolio route is not.
The broader benefit set matches the rest of the program: multi-entry travel, no hard physical-presence minimums in the published rules (so long as formalities are maintained), renewability, and dependent permits for a spouse and children linked to the main investor’s status — often the deciding practical detail for relocating families.
E28A/E28B vs E28C: Company Route or Portfolio Route?
Both routes end in the same class of residence permit, so the choice is really about capital, control, and profile:
- Capital required: the portfolio route starts from USD 350,000 — roughly a seventh of the company route’s entry point. If residence is the primary goal, E28C is the capital-efficient answer.
- Control and activity: the company route buys you an operating seat — director or commissioner authority in your own PT PMA. The portfolio route buys residence attached to passive instruments held in your own name.
- Eligibility profile: E28C has no foreign-shareholding or turnover test. E28A/E28B expects a substantial corporate track record with audited numbers behind it.
- Risk character: bonds, deposits, and listed funds carry market risk; an operating company carries business risk — different exposures that must be held for the full visa term either way.
The Golden Visa is also distinct from the older investor KITAS, which some investors already hold through PT PMA shareholding at far lower capital levels. The two statuses differ in duration, sponsorship logic, and thresholds — we break the decision down in our comparison of the Indonesia Golden Visa vs the investor KITAS.
When the Company Route Makes More Sense
The company route tends to win in a few recurring situations:
- You are building a real operating business in Indonesia. If the USD 2.5 million was going into the venture anyway — a resort, a fleet, a factory — the Golden Visa becomes a residence layer on top of a commercial decision already made.
- You need governance authority, not just presence. Founders and controlling shareholders who must legally act as director or commissioner should not improvise that role on a passive-investor status.
- Your corporate profile is your strongest asset. If you already hold 20%+ of a foreign company with USD 25–50 million turnover and audited accounts, you qualify for a tier most applicants cannot access.
- You want the 10-year horizon to match a business plan. Long-cycle investments — hospitality, marine tourism, manufacturing — pair naturally with the 10-year permit rather than repeated short renewals.
Conversely, if your capital is below the threshold, or you simply want to live in Indonesia while your money works passively, the portfolio route is almost always the cleaner recommendation.
Applying Online Through the Official e-Visa System
Applications are lodged through the Directorate General of Immigration’s e-visa platform at evisa.imigrasi.go.id. For the company route, the documentary package typically includes a valid passport (at least six months’ validity), a recent photograph, proof of the qualifying investment into the Indonesian company, and the corporate-profile evidence discussed above — shareholding documents and audited financials for your foreign company, plus capital injection records and company deeds for the PT PMA.
The sequencing matters more here than on any other route: company establishment or share acquisition, capital deployment within the 90-day window, and visa issuance must be coordinated so no step invalidates another. We map the portal workflow, document formats, and common rejection points in our step-by-step guide to the Indonesia Golden Visa online application.
Frequently Asked Questions
Can I run my Indonesian company day to day on an E28A/E28B Golden Visa?
Yes. The company route is designed for active investors: holders can serve as director or commissioner of the company they invested in and manage it while residing in Indonesia, without a local sponsor. This is the key functional difference from the passive E28C portfolio route.
What is the minimum investment for the company route?
Indicatively, from USD 2.5 million into an Indonesian company (PT PMA) for the 5-year visa, and from USD 5 million for the 10-year visa. These are regulatory thresholds, not package prices, and they sit alongside corporate-profile conditions — verify current figures through the official e-visa system before committing funds.
Do I really need 20% of a foreign company with USD 25 million turnover?
Immigration-linked guidance commonly describes exactly that profile test: at least 20% shareholding in a company outside Indonesia, with annual turnover of at least USD 25 million (5-year) or USD 50 million (10-year), evidenced by audited financial statements. Applicants who cannot meet it usually pivot to the E28C portfolio route.
Does the investment have to stay in place for the whole visa period?
Yes. Qualifying funds must generally be deployed within 90 days of arrival or e-ITAS issuance and maintained for the full visa duration. Withdrawing below the threshold can trigger cancellation, so exit planning belongs at the start of the process, not the end.
Can my spouse and children join me on this route?
Yes. A spouse and children can obtain dependent permits linked to the main investor’s status, under related sub-indexes, and family documentation is typically prepared alongside the principal application so permits are aligned in duration.
Talk Through Your Structure Before You Commit Capital
This article is general information, not legal, tax, financial, or immigration advice. Golden Visa thresholds and requirements are set by Indonesian regulation and can change without notice; every figure here is indicative. Verify current rules through official channels and engage licensed immigration counsel and tax professionals before making any investment or relocation decision.
The company route rewards preparation: the difference between a smooth approval and a stalled file is usually coordination between company setup, capital deployment, and the visa timeline. Our advisory desk operates under Juara Holding Group, an Indonesian group operating across Bali and East Indonesia, and for in-country execution — company matters, permits, relocation logistics — we work alongside the legal concierge and immigration support team at Bali Premium Trip. Advisory scopes and professional fees are tailored to each case and available on request.
If you are weighing the E28A/E28B company route against the portfolio option, send us your situation — capital range, business plan, family setup — and we will map the realistic pathway before you commit anything. Message us on WhatsApp at wa.me/6281139414563 or email [email protected].