WHO IS IT FOR AND WHAT ARE THE BENEFITS?
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.
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.
There are two variations of the Investors KITAS :
The duration granted, whether 1 year or 2 year, is based on the
applicant’s passport validity. With a minimum of 32 months validity,
you will be granted a two year Investors KITAS. If your passport validity
falls below the required minimum duration, then the 1 year Investor
KITAS will be granted. If the applicant is applying for a conversion from
Working KITAS (Index 312) to Investor KITAS (Index 313), then the
process of status change for All KITAS applications are applied to for
with a multiple exit and re-entry permit.
The major benefits of the Investor’s KITAS is the ease of application,
and the waiver of the hefty work permit fee of US$1200 per year. Prior
to this, Investors had to wait months on end, after making their initial
investment, before being allowed to work.
WHY TO GET A KITAS?
First and foremost, without it, you won’t get a work permit and stay longer in Indonesia. Plus there are several additional perks when holding a KITAS. Often you get discounts in restaurants, or attraction parks (mainly in Jakarta or Bali). Hospitals also usually have lower price-lists for KITAS holders.
You need a KITAS to apply for your Indonesian driving license. If you want to enroll your kids into an international school, they also usually check whether the child has a KITAS or not.
In some cases, after holding a KITAS for five years, one could apply for a KITAP which allows you to stay for five years with unlimited extensions.
**The above information is deemed accurate at the time of publication but can change without notice. Please check with your embassy or agent.
INVESTOR KITAS REQUIREMENTS :
COMPANY REQUIREMENTS :