Investor Visas (KITAS)
Visa services and immigration consulting
Retirement KITAP (Retirement Permanent Stay Permit) – Who is it for and what are the benefits
If you have ever dreamed of packing it all in and choosing to live on one of Indonesia’s tropical island paradises, then the retirement KITAP provides access to your perfect dream!
The Retirement KITAP is a 5-year visa that allows foreigners to live in Indonesia and enjoy their retirement in one of the greatest countries in the world with relative ease.
Requirements for a retirement KITAP are that the foreigner is over 55 years old and must have held a Retirement KITAP for 4 years prior to application.
If you are over 55 years old and have not previously held a Retirement KITAS, then you will need to apply for one before applying for a Retirement KITAP. Check out everything you need to know here
The Investor KITAS in Indonesia – Everything You Need to Know!
One of the most off-putting things about obtaining a visa in Indonesia is the cost of the work permit – particularly for new business owners!
However, in 2019 the Indonesian Government relaunched the Investor Visa / Investor KITAS making it significantly easier to obtain, as well as make some huge financial savings.
In this article we interview Suri Mangiwa, a Visa and Immigration Expert at LetsMoveIndonesia who tells us all about it!
The Investor KITAS in Indonesia – Everything You Need to Know!
One of the most off-putting things about obtaining a visa in Indonesia is the cost of the work permit – particularly for new business owners!
However, in 2019 the Indonesian Government relaunched the Investor Visa / Investor KITAS making it significantly easier to obtain, as well as make some huge financial savings.
In this article we interview Suri Mangiwa, a Visa and Immigration Expert at LetsMoveIndonesia who tells us all about it!
SM: The Investor Visa / Investor KITAS is a visa specifically designed for business investors in Indonesia, allowing them to live and manage their business within the country with relative ease.
Although, the Investor KITAS has actually been in effect since 2011 based on Law Number 6 Year 2011 and later edited again in 2018; it wasn’t till the rebranding in 2019 significant changes were noted – making this KITAS type one of the most popular Visa’s to possess in the country.
king it significantly easier to obtain, as well as make some huge financial savings.
In this article we interview Suri Mangiwa, a Visa and Immigration Expert at LetsMoveIndonesia who tells us all about it!
SM: According to the subsequent BKPM amendments to the Presidential decree BKPM no.5/2019, Indonesia offers further benefits to Investors residing in Indonesia. Prior to this regulation issuance it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit which costs US$1200 per year, as a mandatory fund.
Consequently, due to this amendment, Working Permits are no longer necessary for Investor KITAS holders – reducing the Visa outlay by US$100 per month/$1200 per year.
SM: If you are eligible for an Investor KITAS, you can save a small fortune. The Investor KITAS is available with 2 term lengths, 1 year and 2 years.
As an example, by picking the 2-year Investor KITAS you will save US$2,400 over the term because of the non-compulsory DPKK fund as well as yearly KITAS processing and associated costs.
On average, our customers save approximately 40 Million IDR over the course of the 2-year visa!
SM: Yes, it is possible.
SM: Yes, 1 company can apply for more than 1 Investor KITAS as long as the foreigner’s shares are stated in the Deed of Establishment of the Company and the shares are a minimum 1 Billion IDR.
SM: The Investor KITAS can support dependents.
How much money do people generally save by picking an investor KITAS over a Working KITAS?
SM: If you are eligible for an Investor KITAS, you can save a small fortune. The Investor KITAS is available with 2 term lengths, 1 year and 2 years.
As an example, by picking the 2-year Investor KITAS you will save US$2,400 over the term because of the non-compulsory DPKK fund as well as yearly KITAS processing and associated costs.
On average, our customers save approximately 40 Million IDR over the course of the 2-year visa!
What are the advantages of picking an Investor KITAS over a Working KITAS?
SM: According to the subsequent BKPM amendments to the Presidential decree BKPM no.5/2019, Indonesia offers further benefits to Investors residing in Indonesia. Prior to this regulation issuance it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit which costs US$1200 per year, as a mandatory fund.
Consequently, due to this amendment, Working Permits are no longer necessary for Investor KITAS holders – reducing the Visa outlay by US$100 per month/$1200 per year.
Who can apply for an investor KITAS?
SM: Before an Investors KITAS can be obtained, the company’s authorized capital should exceed 10 billion rupiah and there should be a minimum of 25% of its authorized capital paid up. For companies that were set up prior to 2009, a lower capital investment is possible. Finally, an investor should first have a minimum value of 1 billion rupiah in personal shares invested in a PMA company and hold a title of either Director or Commissioner.
As an Investor that holds no position in a PMA company, but with personal shares of over IDR 1.125.000.000 (one billion, one hundred and twenty-five thousand rupiah), you will also be eligible to apply for an Investors KITAS, however work is not permitted.
Can you work using an investor KITAS?
SM: If you are an Investor that is stated as a Director, you are allowed to work while holding an Investor Kitas. This is stipulated in Manpower regulation ‘’Permenaker No. 10 Year 2018 on Article 10, Article 22, and Article 26 point C.
If an Investor is stated as a Commissioner, you are not allowed to work – but you can still get the facility of maximum 2 years stay permit. If you, as a Commissioner, also want to be allowed to work, you will need to have minimum IDR 1,125,000,000 (one billion, one hundred and twenty-five thousand rupiah) share ownership of the compan
7 Steps to Get Your Investor KITAS
- To obtain an Investor KITAS, the applicant must have a foreign-owned company (PT PMA) in Indonesia and have the shares. Once the business is set up, you may now apply for the Investor KITAS.
- Provide all documentation related to the KITAS and we will verify to ensure a successful application.
- All documentation will be uploaded to the online immigration system. Once the visa is authorized the applicant will receive an e-visa (Electronic Visa), which they will need to print.
- The applicant may now enter Indonesia using an e-visa.
- Upon arrival to Indonesia, the applicant will need to do a biometric whereby; they take a profile photo, as well as provide fingerprints.
- The KITAS (Stay Permit) will be issued and given to the applicant within 3 days.
- Within 14 days of the KITAS issuance, you must register at the Civil Departments, whereby you will obtain your SKSKPS (Certificate of Family Formation of Temporary Residents) and STM (Police Certificate).
What documents do you need to process the Investor KITAS?
- Investor’s passport with minimum 18 (eighteen) months validity for 1-year KITAS application
- Company’s deed of establishment and its amendments
- Ratification from the Ministry of Law and Human Rights (MoLHR) of company sponsor
- Tax Registration Number (NPWP) of company
- Business Domicile
- Business License
- Business Identification Number (NIB)
- ID Card (KTP) and Tax ID (NPWP) of the Indonesian Director of company sponsor (
- Blank document with company’s letter head
- Bank account statement with minimum balance USD 1500
Please note that the duration granted is based on the applicant’s passport validity – with a minimum 18 months validity, you will only be granted a 1 year Investor KITAS, whereas if you have more than 30 months validity, you can obtain a 2-years KITAS.
How much does the Investor KITAS cost?
SM: There are 2 options for the Investor KITAS, a 1-year and a 2-year KITAS. In Jakarta our prices are 15 Million IDR for the 1-year KITAS and 18 Million IDR for 2-years. Most people opt for the 2-year option as it provides security and increases overall saving over the term of visa.
Want to Know about more similar visa?
Work Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Spouse Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Dependent Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Retirement Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Artist KITAS
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Second Home Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Repatriation Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Family Sponsored Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Research Visa (KITAS)
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
E- Vitas Only
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.
Work Permit Only
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed.