This page answers the 100 questions foreign investors ask most often about the Indonesia Golden Visa, the 5-year and 10-year limited stay permits issued under the E28 index family. It is written for individual investors, PT PMA founders, corporate directors and families weighing Indonesia against Second Home and investor KITAS routes. Every answer was compiled by the Indonesia Golden Visas team from official immigration regulation, the evisa.imigrasi.go.id portal and day-to-day case work in Jakarta and Bali. Reviewed for 2027.
Important disclaimer: this page is general information only and is not legal, tax, immigration or financial advice, and no lawyer-client or adviser-client relationship is created by reading it. Investment thresholds, index codes, fees and procedures are set by Indonesian regulation and change without notice, and eligibility always depends on your nationality, source of funds and corporate structure. Verify every figure with a licensed Indonesian immigration lawyer, a registered tax consultant and the official Directorate General of Immigration portal at evisa.imigrasi.go.id before you transfer funds or sign any agreement.
Indonesia Golden Visa Basics and the E28 Index Family
What is the Indonesia Golden Visa?
The Indonesia Golden Visa is a limited stay permit valid for 5 or 10 years, granted to foreign investors who place qualifying capital in Indonesia under the E28 visa index family. It was formalised by immigration regulation in 2023 and is issued as an electronic limited stay permit, known as e-ITAS. Applications run through the Directorate General of Immigration portal at evisa.imigrasi.go.id rather than through a local employer.
How is the Golden Visa different from a regular investor KITAS?
A regular investor KITAS normally runs 1 to 2 years and must be renewed repeatedly, while the Golden Visa is issued for a single 5-year or 10-year term. The Golden Visa also sits at much higher capital levels, starting at USD 350,000 for the portfolio route, against the far smaller paid-up capital typical of an investor KITAS. Most Golden Visa routes need no local sponsor or guarantor.
Which E28 sub-indexes belong to the Golden Visa family?
The Golden Visa uses limited stay indexes E28A and E28B for company establishment or investment in a PT PMA, E28C for passive portfolio investment, and higher corporate indexes such as E28E and E28F for directors and executives of large investing companies. Your index decides your thresholds, your document pack, and whether you may hold a management role inside an Indonesian entity.
Does the Golden Visa require an Indonesian sponsor or guarantor?
Most Golden Visa routes do not require a local sponsor or guarantor, which is the main structural difference from a work KITAS. The investment itself is the basis of the permit. Some categories, particularly corporate indexes tied to an Indonesian company, may still ask for a corporate guarantor or a designated correspondent, so confirm the requirement for your specific E28 index before filing.
Is the Golden Visa permanent residency or a route to citizenship?
The Golden Visa is a temporary limited stay permit, not permanent residency and not a citizenship programme. It grants up to 10 years of legal residence for as long as the investment is maintained. Any move toward permanent stay, known as KITAP, or toward naturalisation runs through separate legal processes with their own residence and documentary rules, and nothing happens automatically when the visa term ends.
What is an e-ITAS and how does it relate to the Golden Visa?
The e-ITAS is the electronic limited stay permit under which the Golden Visa is issued once your visa is approved and you enter Indonesia. Its validity mirrors the term you qualified for, either 5 or 10 years, and it carries multiple entry rights. The 90-day window for placing your investment is normally counted from arrival or from e-ITAS issuance, so that date matters.
Is there a minimum number of days I must spend in Indonesia?
Public information on the Golden Visa indicates no hard physical presence minimum written into the rules, unlike several European residency programmes. What you must maintain is the qualifying investment and your immigration reporting obligations. Presence has a separate consequence: spending more than 183 days within a 12-month period generally makes you an Indonesian tax resident under domestic tax law.
Can Golden Visa holders enter and leave Indonesia freely?
The Golden Visa is a multiple entry limited stay permit, so you can travel in and out of Indonesia throughout the 5-year or 10-year validity without applying for a new entry visa each time. That suits investors who keep a business base in Singapore, Hong Kong or Dubai while holding Indonesian assets. Standard re-entry and reporting formalities still apply to your permit type.
Will the Golden Visa still exist in 2027 with the same categories?
The programme is expected to continue into 2027, since Indonesia has publicly promoted it as a channel for long-term foreign capital since 2023. Index codes, thresholds and documentation can still be revised by new immigration or investment regulation at any time. Treat every figure on this page as current guidance and reconfirm it on evisa.imigrasi.go.id in the month you actually file.
Investment Thresholds: USD 350,000 to USD 50 Million
What is the minimum investment for the 5-year Golden Visa?
USD 350,000 is the minimum for the 5-year individual portfolio route under index E28C. The funds go into approved Indonesian instruments such as government bonds, shares listed on the Indonesia Stock Exchange, mutual funds or bank deposits, and must be registered in the name of the applicant. This is the lowest published entry point anywhere in the Golden Visa structure.
How much is required for the 10-year Golden Visa as an individual?
USD 700,000 in approved Indonesian instruments is the standard threshold for the 10-year individual portfolio route. The alternative is the property route, which requires a qualifying residential apartment or flat worth at least USD 1,000,000. Both amounts must be maintained for the full ten years and must be held in the name of the applicant rather than through an intermediary.
Can I qualify by buying property, and what is the minimum value?
The property route requires a residential apartment or flat valued at a minimum of USD 1,000,000, and it is tied to the 10-year permit rather than the 5-year one. Foreign ownership rules over Indonesian land are unchanged by the visa, so the qualifying asset is normally a strata title unit. Ownership must be properly registered and valued at or above the threshold.
What is the threshold if I establish a PT PMA for a 5-year permit?
USD 2,500,000 is the commonly cited investment commitment for the 5-year company establishment route under E28A or E28B. That capital goes into your Indonesian foreign-owned company rather than into bonds or listed shares. Corporate routes also bring heavier documentary duties, including a business plan and evidence about the foreign company standing behind the Indonesian investment.
What is the company threshold for a 10-year Golden Visa?
USD 5,000,000 invested into the Indonesian company is the usual requirement for the 10-year company establishment route, double the USD 2,500,000 cited for five years. The corporate evidence package is the same. Deployment of capital is expected to be genuine and traceable into the PT PMA, not a paper commitment that never reaches the Indonesian entity.
Are the corporate director thresholds really USD 25 million and USD 50 million?
Director and executive Golden Visa categories are cited at around USD 25,000,000 of Indonesian investment for a 5-year permit and USD 50,000,000 for a 10-year permit. These sit at the top of the E28 structure and target corporate investors deploying capital at group level rather than individuals. Each case is assessed on documented corporate substance, not on intent alone.
Do I need to prove revenue from my company abroad?
Corporate and company routes commonly require the applicant to hold at least 20 percent of the shares in a foreign company outside Indonesia, and that company to show annual turnover of at least USD 25,000,000 for a 5-year permit or USD 50,000,000 for a 10-year permit. Audited financial statements are the standard evidence, so budget several weeks for accountants and legalisation.
Is there any Golden Visa route below USD 350,000?
No published Golden Visa route sits below USD 350,000, which is the floor of the entire programme. Investors with smaller capital normally use the investor KITAS instead, which carries far lower paid-up capital expectations but shorter validity and more frequent renewals. Choosing between the two is a question of capital size, time horizon and appetite for repeat administration.
Are the thresholds fixed, or can they change before 2027?
The published minimums of USD 350,000, USD 700,000, USD 1,000,000, USD 2,500,000 and USD 5,000,000 are set in current regulation, are not indexed to inflation, and can be revised by future immigration or investment rules. Indonesia has adjusted foreign investor policy more than once since 2023. Applying under today rules locks in today numbers for the permit you receive.
Must I invest in US dollars, or is rupiah accepted?
Thresholds are quoted in US dollars, but the placement itself can be made in rupiah at the prevailing official exchange rate on the day the funds are invested. Rupiah-denominated Indonesian government bonds and locally listed mutual funds qualify, provided their value meets the USD equivalent. Exchange rate movement is a real risk across a ten-year hold and should be modelled in advance.
Choosing Between the 5-Year and 10-Year Golden Visa
Should I choose the 5-year or the 10-year Golden Visa?
The 5-year permit costs USD 350,000 on the portfolio route against USD 700,000 for ten years, so the decision is mostly capital lock-up against certainty. Families settling in Bali or Jakarta with school-age children usually prefer the 10-year term for stability. Investors still testing the Indonesian market usually take five years and reassess well before the permit expires.
How long can I stay without leaving the country?
The 5-year Golden Visa allows continuous residence for up to five years without the border runs required by tourist or social visas, and the 10-year version extends that to a decade. There is no requirement to exit and re-enter to keep the permit alive. Your obligations are to maintain the qualifying investment and to keep immigration reporting current.
Is the 10-year visa one permit or two 5-year extensions?
The 10-year Golden Visa is issued as a single long-term limited stay permit of up to ten years, not as two stacked 5-year visas. Verification steps within that period are set by immigration and normally revolve around proving the investment is still in place at the required level. Keep custodian and brokerage statements filed and dated from day one.
Can I upgrade from a 5-year to a 10-year permit later?
Upgrading from a 5-year to a 10-year Indonesia Golden Visa is not automatic: you must first reach the higher threshold, for example moving from USD 350,000 to USD 700,000 on the portfolio route, then file a new or amended application with fresh supporting evidence. Start that planning at least six months before your 5-year permit nears expiry, because processing runs in weeks rather than days.
Do work rights differ between the 5-year and 10-year visas?
Work rights on the Indonesia Golden Visa are set by the visa index, not by whether the permit runs five or ten years. Company routes under E28A and E28B allow the holder to act as director or commissioner of their own Indonesian entity, while the E28C portfolio route covers residence and management of your own investments. Employment with an unrelated Indonesian company requires separate work authorisation regardless of whether your permit runs five or ten years.
What happens if I withdraw part of my investment early?
The qualifying investment must be maintained for the entire visa period, so a deliberate withdrawal that drops you below USD 350,000, USD 700,000 or your corporate threshold can trigger cancellation of the permit. That applies equally to the 5-year and 10-year versions, and to any dependant permits attached. Plan your liquidity outside the ring-fenced Golden Visa capital.
Does the 10-year visa give better tax treatment?
The 10-year Golden Visa carries no tax advantage over the 5-year version. Indonesian tax treatment follows presence and domestic tax law, principally the 183-day residence test, not the length of your permit. A 10-year holder who spends 60 days a year in Indonesia and a 5-year holder who lives in Bali full time are treated very differently, and the length of the visa is irrelevant to that outcome.
Are government fees higher for the 10-year permit?
Visa and stay permit fees differ by index and duration and are published in rupiah by immigration, but they are small next to the investment itself. On a USD 700,000 placement, official fees are a rounding error. Budget instead for professional fees, sworn translation, legalisation, custodian charges and tax compliance spread across the whole life of the permit.
Can I move from a Golden Visa to a Second Home visa later?
Moving from a Golden Visa to a Second Home visa is possible, but it is a change of status rather than a conversion. You would end or amend the Golden Visa permit and qualify separately under Second Home requirements, which are built on proof of funds or property rather than a USD 350,000 placement. You cannot hold two conflicting primary long-stay permits at the same time.
Golden Visa vs Second Home Visa vs Investor KITAS
What is the difference between the Golden Visa and the Second Home visa?
The Golden Visa is investment-linked and starts at USD 350,000 placed into approved Indonesian instruments, while the Second Home visa is based on proof of funds or ownership of a qualifying property and does not require that capital to be invested in bonds, shares or a company. Golden Visa terms reach ten years and remain conditional on keeping the investment in place.
Which is better if I want to live in Bali without working?
For non-working residency, the Second Home visa is usually the cheaper route because it tests available funds rather than requiring USD 350,000 to be placed and maintained in Indonesian instruments. The Golden Visa earns its cost when you actually want Indonesian market exposure, a PT PMA, or a directorship. Compare the total cost of capital, not only the application fees.
Does the Second Home visa need the same USD 350,000?
The Second Home visa does not require the USD 350,000 Golden Visa investment. Its requirements are built around a deposit or asset test that sits below the Golden Visa thresholds of USD 350,000 for five years and USD 700,000 for ten. The trade-off is that Second Home funds are typically parked rather than invested, so they generate little return while satisfying the requirement throughout the permit.
I have USD 500,000 for a PT PMA. KITAS or Golden Visa?
With USD 500,000 in company capital you are below the Golden Visa company thresholds of USD 2,500,000 for five years and USD 5,000,000 for ten, so the investor KITAS is the realistic route for the company. The alternative is redirecting USD 350,000 into the E28C portfolio route personally and keeping the company on a separate, smaller structure.
Can I convert an existing investor KITAS to a Golden Visa in country?
Conversion generally means a fresh application assessed against Golden Visa criteria rather than a simple upgrade of your existing permit. Whether it can be completed without leaving Indonesia depends on your current index and the immigration office handling the file, and practice varies. Confirm the route in writing with immigration or your counsel before cancelling any existing permit.
Is the Golden Visa more flexible for running a business?
For most small and mid-sized operations the investor KITAS is sufficient and far cheaper, since the Golden Visa company route starts at USD 2,500,000. What the Golden Visa adds is duration and stability rather than broader permissions. Your ability to serve as director or commissioner comes from the E28A or E28B index and from your company licensing, not from the price tag.
Does the Golden Visa give more freedom to buy property?
No visa changes Indonesian foreign land ownership law. The Golden Visa property route is built around a residential apartment or flat worth at least USD 1,000,000, typically strata title, and it does not open freehold land ownership to foreigners. Second Home holders face the same underlying property rules, so structure any purchase with an Indonesian property lawyer.
Which visa suits a retiree investor best?
For a retiree whose goal is simply to live in Indonesia, a retirement KITAS or the Second Home visa is usually the better fit, because neither requires USD 350,000 to be placed in Indonesian instruments. The Golden Visa makes sense for a retiree who would hold Indonesian government bonds, listed shares or a qualifying apartment in the portfolio anyway.
I hold a Second Home visa. Is upgrading to a Golden Visa worth it?
Upgrading buys investor status and a longer fixed term, but it requires meeting full Golden Visa thresholds, meaning USD 700,000 in approved instruments or USD 1,000,000 in a qualifying apartment for the ten-year route. If your funds are already sitting idle in Indonesia, that reallocation can be worthwhile. If not, the upgrade is an expensive change of label.
Eligibility, Dependants and Family Inclusion
Can a foreigner with no prior ties to Indonesia apply?
A foreigner with no previous Indonesian residency, employment or sponsor can apply, because the Golden Visa was designed for exactly that profile and there is no requirement to have lived in the country before. What you must satisfy is the investment threshold for your chosen index, source of funds verification, and standard security and background screening carried out by immigration.
Do I need a clean criminal record?
Background screening, including criminal record checks, is a standard part of Golden Visa processing, and a clean record is normally expected. Applicants are also screened against anti-money-laundering and sanctions requirements during source of funds review. Disclose any history honestly, because a false declaration is a far stronger ground for refusal or later revocation than an old, minor offence.
Can my spouse and children join me?
A spouse and dependent children can join the principal investor as dependants on the Indonesia Golden Visa, without each family member having to meet the USD 350,000 or USD 700,000 threshold separately. Dependants file their own document pack alongside the main application. Their permits are derivative, meaning they follow the validity and the standing of the main investor permit at all times.
Is there an age limit for children on my Golden Visa?
Dependant status normally covers minor children, and adult children usually need their own basis to stay, whether study, work or their own investment. The exact cut-off, and any allowance for unmarried dependent adult children, varies by index and by the assessing officer. Confirm the position for each child before you file rather than after approval.
Can I sponsor an unmarried or same-sex partner?
Dependant sponsorship rests on relationships that Indonesian immigration formally recognises, which centres on legal marriage and dependent children. Unmarried partners and same-sex spouses are not straightforward under current practice and outcomes vary. Couples in that position often plan for each partner to hold an independent permit rather than relying on dependant status that may not be granted.
Can my dependants work in Indonesia?
Dependant permits attached to a Golden Visa do not automatically carry the right to work. A spouse who wants employment normally needs separate work authorisation with an Indonesian employer, or their own investment-based permit. Residence, schooling and banking formalities are generally accessible to dependants, but paid employment is the line that requires its own approval.
My spouse funds the investment. Who is the main applicant?
The main permit goes to the person in whose name the qualifying investment is legally registered, because the rules require the placement to be held by the applicant personally. If the capital sits in an account or portfolio belonging to your spouse, your spouse is the principal and you are the dependant. Restructure ownership before filing if you want it reversed.
Can I invest through a trust or holding company?
Golden Visa rules expect the qualifying investment to be traceable and attributable to the applicant personally, and several routes require registration in the name of the applicant. Trusts, nominee arrangements and opaque holding structures often fail that test. Corporate routes are the designed path for company-held capital, but they carry the higher USD 2,500,000 and USD 5,000,000 thresholds.
Are all nationalities eligible?
The Golden Visa is open to a wide range of nationalities, and eligibility is driven by investment and due diligence rather than by passport alone. Indonesia can still restrict specific nationalities on security or policy grounds, and sanctions screening applies to individuals and to their source of funds. Check your own passport position early, before moving any capital.
Applying Online at evisa.imigrasi.go.id
How do I actually apply for the Indonesia Golden Visa?
Applications are filed online through the Directorate General of Immigration portal at evisa.imigrasi.go.id. You register an account, select the Golden Visa category matching your index, complete the form, upload supporting documents, pay the official fees in rupiah and wait for the approval notification. The same portal is where you track status and answer any request for further documents.
Is the process fully online, or must I visit an embassy?
Most of the Golden Visa process runs online through evisa.imigrasi.go.id, but you may still be asked to attend an Indonesian embassy or immigration office for biometrics, document verification or permit issuance, depending on your nationality and where you apply from. Corporate files with heavy documentation are more likely to involve an in-person verification step.
What documents should I prepare first?
The core set is a passport valid for at least six months, a recent photograph, and proof of qualifying funds such as bank statements, brokerage confirmations, bond purchase records or a property sale and purchase agreement. Company routes add the deed of establishment, business licences, a business plan and audited financials of the foreign company behind the investment.
Can I start the process while in Indonesia on a tourist visa?
You can begin preparing and filing online from inside Indonesia, but changing status in country is regulated and, depending on your current visa, may require exiting and re-entering on the new visa. Rules differ between visa on arrival, e-visa and social visit holders. Confirm the exact sequence before your current permit runs down to its final weeks.
How long does approval take?
Published guidance and practitioner experience put Golden Visa processing at roughly 20 to 30 working days after a complete submission, though corporate files with audited financials and legalised documents often run longer. Incomplete uploads are the most common cause of delay, because each request for clarification effectively restarts the review on the desk of the assessing officer.
What government fees apply beyond the investment?
You pay visa issuance and limited stay permit fees, quoted in rupiah by immigration and payable through the portal. They are modest compared with a USD 350,000 or USD 700,000 investment. Expect additional third-party costs for document legalisation, sworn translation, notary work, custodian or brokerage account opening, and any professional advisory fees you choose to incur.
Do I need the full investment before applying, or is a commitment enough?
Several routes accept a formal commitment statement at application stage, with the capital required to be placed within about 90 days of arrival or e-ITAS issuance. Other routes, particularly property and some corporate categories, expect proof of the completed investment upfront. Confirm which rule applies to your index before you move any funds across borders.
Can I submit manually if the online portal fails?
Immigration maintains manual and assisted channels through embassies and immigration offices for cases where the online system is unavailable or the file is too complex to upload cleanly, which is common for large corporate applications. Keep screenshots and timestamps of any portal failure, because they support a request for alternative filing without losing your place.
Can I track my application status?
The evisa.imigrasi.go.id portal shows application status and posts notifications when immigration requests additional documents or issues a decision. Monitor both the account and the registered email address weekly, because requests for clarification usually carry a deadline. Missed responses are a frequent reason why otherwise sound applications stall or are closed administratively.
What if my application is rejected?
A rejected Indonesia Golden Visa application is not necessarily final: you can usually correct the deficiency and reapply, or pursue the appeal channel available for your case, although grounds and timeframes vary and a second refusal on identical evidence is likely. Identify precisely why the file failed, whether source of funds, index mismatch or documentation, before you refile anything.
Can my lawyer or agent file on my behalf?
A representative can submit through a designated account provided they hold proper written authorisation, typically a power of attorney, and provided the underlying investment remains in your own name. You stay responsible for the accuracy of every declaration. Ask any representative to show you the portal record and the submitted files rather than accepting a verbal progress update.
Structuring the Investment: Instruments, Timing and Proof
Can I split the USD 350,000 across several instruments?
You can combine approved instruments, for example Indonesian government bonds plus shares listed on the Indonesia Stock Exchange plus a mutual fund, as long as the combined value meets or exceeds the threshold for your index. What matters is the total qualifying amount and that everything is registered in your own name. Keep one consolidated custodian statement for immigration review.
Is the threshold per person or per family?
The Golden Visa investment threshold is counted per principal applicant, not per family. A spouse and dependent children attach to that permit without each having to place USD 350,000 or USD 700,000 of their own. This is what makes the Golden Visa competitive for families compared with routes where every adult needs an independent basis. Dependants still file their own paperwork and pay their own fees.
Can I use a loan or margin facility to reach the threshold?
Immigration expects genuine, unencumbered capital, so heavily leveraged funds, margin positions or capital pledged as security create a compliance risk that can undermine the application. Source of funds review examines where the money came from and whether it is truly yours. If leverage is needed to reach USD 700,000, the 5-year route at USD 350,000 is the safer plan.
Must it be government bonds, or do mutual funds count?
Indonesian government bonds and mutual funds both count as approved Golden Visa instruments, alongside shares of publicly listed Indonesian companies and bank deposits, so a mutual fund holding government paper is acceptable provided it is an Indonesian instrument and the value meets your threshold. Government bonds carry state backing, while funds and shares carry market risk that stays with you.
Do I have to hold the investment for the full term?
The qualifying investment must stay in place for the entire 5-year or 10-year Golden Visa permit, and deliberate liquidation below the threshold risks cancellation of your visa and of any dependant permits attached to it. Plan household liquidity from other assets and treat the Golden Visa capital as ring-fenced for the full life of the permit.
Can I switch from bonds to shares midway?
Switching between approved instruments is generally acceptable as long as the total qualifying value never falls below your threshold during the change. Execute the switch so settlement overlaps rather than leaving a window where holdings sit below USD 350,000 or USD 700,000. Keep dated statements from both sides of the transaction as evidence for any later verification.
Does an off-plan apartment qualify for the USD 1,000,000 route?
Off-plan property is risky for visa purposes, because the route depends on legally registered ownership of a residential unit valued at USD 1,000,000 or more. Where title has not yet been issued, treatment varies and immigration may regard the purchase as incomplete. Prefer a completed, titled unit, or obtain written confirmation of treatment before signing with a developer.
Will Indonesia check my source of funds?
Source of funds due diligence is a standard part of the process, driven by anti-money-laundering and sanctions obligations on immigration and on the Indonesian banks and brokers receiving your money. Expect to document the origin of the USD 350,000 or more: sale of a business, salary and bonuses, inheritance, dividends or property disposal, with paperwork for each strand.
Do I still earn interest and dividends?
You keep the economic return on your qualifying investment. Coupon payments from government bonds, dividends from listed shares and distributions from mutual funds continue to be paid to you, and only the principal must remain in place at or above the threshold. That income is Indonesian-sourced and is normally taxed at source under domestic rules.
Can I co-invest with an Indonesian partner?
Co-investment is possible, but only the portion clearly attributable to you counts toward your threshold, and it must be registered in your own name. A joint venture in which your documented share is USD 200,000 does not satisfy a USD 350,000 requirement. Record the split in the shareholders agreement and in custodian records from the outset, not retroactively.
Can I fund the investment from cryptocurrency profits?
Funds must reach Indonesia through regulated banking channels and be placed in approved Indonesian instruments, so digital asset gains have to be converted and fully documented first. Keep exchange records, conversion statements and tax filings showing the gain was declared where you were resident. Undocumented conversions are one of the fastest ways to fail source of funds review.
Tax Residency, Reporting and Financial Planning
Does the Golden Visa make me an Indonesian tax resident?
Holding the visa does not by itself create tax residency. Indonesian tax law generally treats a person present for more than 183 days within a 12-month period, or who demonstrably intends to reside in Indonesia, as a tax resident. A Golden Visa holder spending 90 days a year in Bali is normally outside that test, but facts govern the outcome.
If I stay more than 183 days, is my worldwide income taxed?
Indonesian tax residents are, as a general rule, taxable on worldwide income, subject to treaty relief and specific domestic provisions. Crossing 183 days within a 12-month period is the usual trigger. Model this before deciding between six months and four months a year in Indonesia, because the difference is structural rather than marginal for most investors.
Do Golden Visa investors get a special tax rate?
The Golden Visa is an immigration status and carries no separate income tax rate or exemption of its own. Any incentive would come from separate investment, regional or sector schemes, for example special economic zone facilities, and would be assessed on the project rather than on the visa. Do not assume tax benefits that the regulation does not grant.
Can I deliberately stay under the residency threshold?
You can manage physical presence to remain below the 183-day threshold while holding a valid Golden Visa, since the permit carries no published minimum stay requirement. Many investors do exactly that while keeping tax residence elsewhere. The practical cost is that you use less of what you paid for, and day counting must be documented carefully and consistently.
How are my Indonesian bond and share returns taxed?
Indonesian-sourced investment income such as bond coupons, dividends and certain capital gains is generally taxed at source under domestic rules, whichever visa you hold. Rates differ by instrument and by whether you are treated as resident or non-resident for the year. Ask your broker or custodian for a written withholding summary before you place the funds.
Are there tax treaties to prevent double taxation?
Indonesia has an extensive network of double taxation agreements, and Golden Visa holders can claim treaty relief where they qualify as a resident of a treaty partner and satisfy the conditions, usually evidenced by a certificate of domicile. Treaty access is a documentation exercise rather than an automatic right, and the paperwork must be in place before income is paid.
Is there a wealth tax or asset reporting duty?
Indonesia does not levy a general wealth tax, but tax residents must report assets and income accurately in the annual return, and Indonesia participates in international exchange of financial account information. Assume account data linked to your residency can be shared with other jurisdictions. Consistency between your Indonesian filing and your home country filing matters more than either alone.
My business stays in Singapore. How is residency decided?
Residency is decided on facts, principally days spent in Indonesia, together with indicators such as where your home, family and centre of vital interests sit, and not by which visa you hold or where your company is incorporated. A Golden Visa holder running a Singapore business and visiting Indonesia occasionally is usually not an Indonesian tax resident.
Is there an annual programme fee like some European schemes?
Indonesia publishes no separate annual Golden Visa contribution comparable to certain European investor programmes. Your recurring costs are ordinary ones: tax on Indonesian investment income, custodian or brokerage charges, immigration reporting, and any professional fees you choose to pay. Official immigration fees are charged at issuance and at defined permit milestones rather than yearly.
Advisers, Costs, Scams and What Can Go Wrong
Do I need an agent, or can I file myself?
You can file directly on evisa.imigrasi.go.id without an agent, and many self-directed portfolio applicants do exactly that. Professional help earns its cost mainly on corporate routes, where audited financials, legalised documents and a business plan all have to align with the chosen E28 index. Whatever you choose, the investment and every declaration remain legally yours.
What do advisory fees typically cost?
Professional fees for end-to-end Golden Visa handling are typically quoted in the low thousands of US dollars and rise with corporate complexity, but any figure is indicative and depends entirely on scope. Ask for a written scope covering document preparation, portal filing, translation, legalisation and post-approval reporting. Our own advisory fees are quoted on request after a case review.
Are there Golden Visa scams targeting foreign investors?
Unlicensed intermediaries do target Indonesia Golden Visa applicants, and the most common warning signs are guaranteed approval, requests to pay official fees in cash into a personal account, and refusal to show the evisa.imigrasi.go.id portal record for your file. Verify every claimed requirement against the official portal, and never send investment funds to a personal account.
Can a developer promise Golden Visa eligibility with an apartment?
A developer cannot grant Golden Visa eligibility, because only Indonesian immigration decides it. A property only supports the 10-year route when it is a qualifying residential apartment or flat valued at USD 1,000,000 or more with properly registered ownership, and you must still pass eligibility and source of funds checks. Ask for title documentation and an independent valuation before you sign or transfer a deposit.
What if the property deal collapses after approval?
If the qualifying investment is never completed or later fails, immigration can refuse extension or revoke the permit, because the visa is conditional on that investment existing. Escrow arrangements, staged payments and completion guarantees are the practical defence. Tell your adviser immediately when a developer misses a milestone, rather than waiting for a renewal check to expose it.
Are there hidden fees after the permit is issued?
Official immigration fees are published, but the recurring costs investors underestimate are tax on Indonesian investment income, custodian and brokerage charges, sworn translation and legalisation, annual corporate compliance for PT PMA holders, and local reporting duties. None of these are hidden, yet together they matter across a ten-year permit. Build them into the model before committing.
Can I lose the visa over minor administrative errors?
Golden Visa revocation is generally driven by serious issues: false information, failure to maintain the qualifying investment, or significant non-compliance. Minor lapses such as a late address update are usually correctable, but a pattern of them builds a poor compliance record that surfaces at extension time. Keep reporting current and keep custodian statements filed and dated.
What if markets move and my portfolio drops below the threshold?
Immigration is concerned with the investment you maintain rather than daily market noise, and ordinary price fluctuation in shares or mutual funds is expected. The clear risk is deliberate withdrawal that takes you below USD 350,000 or USD 700,000. Investors who want to remove the question entirely weight the qualifying portion toward Indonesian government bonds.
Daily Life, Banking and Is It Worth It
Is the Golden Visa worth it if I just want to live in Canggu?
For a lifestyle-only goal, tying up USD 350,000 is rarely the efficient answer, and Second Home or retirement routes exist precisely for that profile. The Golden Visa pays off when you would hold Indonesian government bonds, listed shares, a PT PMA or a qualifying apartment regardless of the visa, so residency becomes a benefit layered on an investment you wanted anyway.
What changes day to day compared with tourist visas and border runs?
You gain a stay permit valid for five or ten years with multiple entry rights, so no more repeat extensions, agent runs or exit flights to reset your stay. In practice that means smoother bank onboarding, longer property leases, easier school enrolment for children, and the ability to hold Indonesian investments in your own name.
Can I open Indonesian bank and brokerage accounts?
A valid limited stay permit is what most Indonesian banks and securities firms require to open a resident account, so Golden Visa holders can generally establish local banking and brokerage relationships subject to standard compliance checks. You will need the permit, a tax identification number where applicable, and full source of funds documentation for the account itself.
How does Indonesia compare with Portugal, Spain or Dubai?
At USD 350,000 to USD 1,000,000 for individual routes, Indonesia sits mid-range internationally, cheaper than several European programmes at the top end but without EU-style mobility and without a defined citizenship path. What Indonesia offers is a long permit inside a large, growing domestic market. Compare on capital locked and on what you actually want from residency.
What are the main downsides of the Indonesia Golden Visa?
The three real drawbacks are capital lock-up for five or ten years, exposure to Indonesian market, currency and regulatory risk on the invested amount, and the absence of any automatic route to permanent residency or citizenship. Corporate routes add compliance overhead on top. None of these rules the programme out, but all of them should be priced honestly.
Can I work remotely for my overseas employer while living here?
The Golden Visa is built around investment rather than employment, and remote work for a foreign employer sits in a grey area of Indonesian labour and tax rules rather than being expressly authorised by the visa. If you cross the 183-day tax residence threshold, your income position changes regardless. Take specific advice before assuming this question is settled.
Timing for 2027, Edge Cases and Advanced Questions
Is there an advantage to applying before 2027?
Applying under current regulation locks in today thresholds, indexes and documentation for the permit you receive, and existing permits are usually honoured when rules change. Since the published minimums of USD 350,000 and USD 700,000 are not indexed to inflation, any future revision is more likely to raise them than to lower them. That argues for acting once your capital is ready.
Will the thresholds change by 2027?
No increase has been announced, but Indonesian authorities can revise the USD thresholds for policy or currency reasons, and the programme has already been refined since its 2023 launch. Treat USD 350,000, USD 700,000, USD 1,000,000, USD 2,500,000 and USD 5,000,000 as the current published figures, and reconfirm them on evisa.imigrasi.go.id in the quarter you plan to file.
Is there an annual quota on Golden Visa approvals?
Indonesia has not published a hard annual cap on Golden Visa approvals, and official messaging has emphasised the quality and compliance of investors rather than volume limits. The absence of a published quota is not a guarantee of approval, however. Every file is assessed individually on investment evidence, source of funds and security screening.
Can I hold a Golden Visa and a Second Home visa at once?
You cannot hold two conflicting primary long-stay permits simultaneously, because one status must be the legal basis of your stay. Moving between them means cancelling or amending the first. Plan the sequence carefully so you are never left without a valid permit during the changeover, particularly when dependants are attached to your current status.
Does the Golden Visa let me be a PT PMA director without a work permit?
Company-linked indexes such as E28A and E28B are designed to let the investor act as director or commissioner of their own Indonesian company. The E28C portfolio route is not an employment permit. What you may lawfully do is defined by your index together with the licensing of the company, so confirm both before you are appointed to any board.
What happens to the permit and the funds if I die?
The limited stay permit ends with the holder, and the invested assets pass under the applicable inheritance rules and the terms of the instruments themselves. Dependants do not inherit the immigration status and would need to apply for their own basis of stay. A will covering the Indonesian assets, with named beneficiaries where possible, avoids a slow and costly process.
Do large inflows have to be reported to Bank Indonesia or OJK?
Bringing USD 700,000 into Indonesia engages foreign exchange and financial reporting rules overseen by Bank Indonesia and, for capital market instruments, by the Financial Services Authority known as OJK. Your bank, broker or custodian usually handles the filings, but the obligation and the documentation trail belong to you. Ask for written confirmation that reporting was completed.
Is an interview required?
Most Golden Visa decisions are document-based, made on what you upload to evisa.imigrasi.go.id. Immigration can still call an applicant for an interview or for clarification, which is more common on large corporate files and where the source of funds is complex. Treat any such request as routine, and answer it in writing with supporting evidence attached.
Are scanned documents enough, or do I need legalised originals?
Scanned PDFs are accepted for the initial online submission, but originals, notarised copies, or documents legalised and translated by a sworn translator are commonly required at verification. Corporate applicants should assume apostille or consular legalisation on the foreign company documents. Start that process early, because legalisation abroad frequently takes longer than the visa review itself.
Talk to the Indonesia Golden Visas Desk
Ready to map your route before you move capital? Send your investor profile, preferred route (portfolio, company establishment or the USD 1,000,000 property option) and target timeline to the Indonesia Golden Visas desk on WhatsApp at wa.me/6281139414563 or by email at [email protected]. We will confirm which E28 index fits, list the exact document pack, and flag anything in your structure likely to fail source of funds review. Advisory fees are indicative and quoted on request after a case review. For on-the-ground relocation, legal concierge and invest-in-Bali support, see Bali Premium Trip, part of Juara Holding Group.
Reviewed for 2027 by the Indonesia Golden Visas editorial team. Figures quoted are regulatory minimums published by Indonesian authorities, not fees payable to us, and they must be reconfirmed with official sources or a licensed professional before you act.