Immigration News - Indonesia Government introducing new investor visa Share this article LinkedIn Facebook X (Twitter) November 1, 2022 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. Copyright © 2022 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.