Government introducing new investor visa

IMPACT — MEDIUM

The Indonesian government recently announced that it will introduce a so-called second-home visa for investors.

Key Points:

• Beginning Dec. 24, foreign nationals will be able to submit applications for the visa, which will allow investors to live in Indonesia for up to 10 years.
• To be eligible for the visa, applicants must:
  • Hold a passport with at least 36 months’ validity.
  • Have at least 2 billion IDR (about US$128,000) in an Indonesian state-owned bank.
  • Submit their current resume and a new passport photo.
• Visa holders will be permitted to own property in Indonesia but will not be provided work authorization.
• Visa applications must be submitted through this website; more information is available here.

BAL Analysis: The Indonesian government introduced the second-home visa to attract more foreign nationals to live in Indonesia.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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