Indonesia Golden Visa: Requirements, Investment Thresholds, and Application Process

Indonesia’s Golden Visa program grants foreign investors residency for five to ten years in exchange for capital investment in the Indonesian financial system. Since the program launched in September 2023, over 1,000 golden visas have been issued to investors from 61 countries.

The program is structured under Minister of Law and Human Rights Regulation No. 22 of 2023, amended by Regulation No. 11 of 2024. It targets three groups: investors who want to place capital in Indonesian assets without running a local company, entrepreneurs establishing or leading businesses in Indonesia, and members of the Indonesian diaspora returning to their home country.

This guide covers the investment thresholds for each category, the application process, and what happens after your visa is approved.

What Does Indonesian Golden Visa Offer

The Golden Visa is a premium residency permit (ITAS or ITAP) that allows you to live in Indonesia for five to ten years without the annual renewals required by standard work or investor visas. It bundles your visa, stay permit, and re-entry permit into a single package.

The Golden Visa focused on three core pillars:

1. Exclusivity: reserved for individuals who can meet substantial financial or professional benchmarks.
2. Stability: allows you to plan your business, your children’s education, and your real estate investments without the constant threat of a policy shift affecting your status.
3. Privilege: Holders get VIP treatment, including dedicated fast-track lanes at major airports like Jakarta (Soekarno-Hatta) and Bali (Ngurah Rai).

Furthermore, there is no minimum physical presence requirement to maintain the visa. You could spend most of the year outside Indonesia and still keep your status valid. 

However, if you spend 183 days or more in Indonesia within any 12-month period, you become a tax resident and your worldwide income may be subject to Indonesian taxation.

Refer to our article on Tax Obligations for Expats in Indonesia for more details. 

Key Benefits of an Indonesian Golden Visa

Securing a Golden Visa offers a range of benefits for investors, entrepreneurs, and professionals seeking long-term stability and opportunities in the country. Here are some of the key benefits:

• Easy Business: Starting and running a company becomes much simpler with fewer bureaucratic hoops to jump through.
• Freedom of Movement: You can enter and exit Indonesia as many times as you like without needing extra permits.
• Extended Residency Periods: Visa holders can stay in Indonesia for 5 to 10 years without the need for frequent renewals, providing stability and security.
• Family Inclusion: allows eligible family members to accompany the primary visa holder. This ensures that spouses and children can also enjoy the benefits of residency in Indonesia.
• Luxury Assets: with a “Resident” ID (KTP OA), it’s easier to register high-value assets like luxury vehicles or yachts.
• Fast-Track to Permanent Residency: In many cases, Golden Visa holders can get a Permanent Stay Permit (KITAP) almost immediately, skipping the usual 5-year wait.

Who Can Apply for the Golden Visa in Indonesia?

The Golden Visa program has several categories, each with different investment thresholds and requirements. The category you choose depends on whether you plan to invest passively, establish a business, or return as a former Indonesian citizen.

Individual Investors (Passive Capital)

This is for individuals who wish to reside in Indonesia without running a full-scale local company. To qualify, you must inject “passive” capital into the local financial system. 

This includes placing your funds in specialized time deposits on State-owned banks, investing in publicly traded companies or having corporate bonds in state-owned companies. 

• For a 5-Year Residency: Requires a USD 350,000 investment.
• For a 10-Year Residency: Requires a USD 700,000 investment. Eligible assets for this category include:
  • Indonesian Government Bonds (ORI/SUN)
  • Shares in public companies listed on the Indonesia Stock Exchange (IDX)
  • Specialized deposits in state-owned banks (Himbara group: Mandiri, BNI, BRI).

Corporate Leaders and Founders (Active Business)

If you are setting up or leading a company (PT PMA) in Indonesia, the requirements are based on the impact your business has on the economy. The thresholds are significantly higher because the impact on local employment and infrastructure is expected to be greater.

• For Individual founders: you can secure a 5-year visa by investing USD 2.5 million and 10 years for USD 5 million.  
• Multinational Nominees: Large corporations investing USD 25 million (for 5 years) or USD 50 million (for 10 years) can nominate up to 10 executive-level staff (Directors or Commissioners) to receive Golden Visas under the company’s umbrella.

Global Talent and Former Citizens

Global talent and Indonesian diaspora are also qualified to apply for a Golden Visa. Besides financial capital, the government also aims to be a competitive destination for high-level professionals and global citizens: 

• Global Talent: Reserved for experts in fields like AI, medical research, or green technology. This typically requires an endorsement from an Indonesian Minister.
• Repatriation: Former Indonesian citizens and their descendants can return and stay for 5-10 years with a significantly lower financial commitment (often around USD 35,000 to USD 50,000) compared to foreign investors.

Mandatory Requirements for Indonesian Golden Visa

To apply for a Golden Visa, you need to submit core and category-specific documents. These documents are proof of persons and financial capability depending on the visa pathway. 

Here are core documents you need for a Golden Visa application:

• Valid Passport: A color scan of your passport with at least 6 months’ validity. However, for a 10-year visa, we strongly recommend a passport with at least 5-10 years remaining to avoid complex permit transfers later.
• Proof of Living Expenses: You must demonstrate financial sufficiency by showing a bank statement with a minimum balance of USD 5,000 (or equivalent).
• Recent Photograph: A professional, passport-style color photo in digital format.
• Commitment Statement: A legally binding document (Statement of Commitment) stating that you will fulfill the investment requirement (the “Immigration Guarantee”) within 90 days of receiving your stay permit.

Category-Specific Requirements

Depending on your chosen track, the following additional evidence is required:

• For Individual Investors (Company Establishment): You must provide a business plan or proof of company ownership outside Indonesia (min. 20% shares) verified by an international accounting firm audit. You must also show an annual turnover/sales report from your overseas entity of at least USD 25 million (5-year) or USD 50 million (10-year).
• For Individual Investors (Bonds/Shares): You do not need a business plan, but you must provide proof of income or benefits of at least USD 5,000 per month to ensure long-term self-sufficiency.
• For Corporate Directors: The overseas parent company must provide an audited financial report showing a minimum annual turnover of USD 100,000.
• For Global Talent: A formal invitation or reference letter from an Indonesian government agency and proof of expertise (e.g., certificates or a degree from one of the top 100 world universities with a GPA of at least 3.5).

Emerhub’s local experts can help compile all these required documents before your formal application. 

The Financial Thresholds and “Realization” Rules

Under the MOLHR Regulation No. 11 of 2024, your  investment in Indonesia must be verifiable through a formal “Immigration Guarantee”. You cannot simply show a foreign bank statement or a high net worth in your home country. This capital must physically enter and remain within the Indonesian financial ecosystem to maintain your residency status. This ensures that Golden Visa holders are not just transient visitors, but active participants in the nation’s liquidity. 

The “90-Day Realization” Requirement

Once your Golden Visa is granted and you enter Indonesia, you have exactly 90 days to prove that your funds have moved from your international account to an approved Indonesian vehicle.

• Proof of Deposit: For bank-based visas, you must provide a “Reference Letter” from the state-owned bank.
• Proof of Purchase: For bond or share-based visas, you must provide a transaction certificate from a registered Indonesian broker. Failure to upload this proof to the immigration portal within the window results in an automatic, system-triggered revocation of your visa.

Where Your Investment Must Go

The Indonesian government restricts where Golden Visa capital can be placed. You cannot simply transfer money to a personal Indonesian bank account or buy shares in a private company. The investment must flow through one of the following approved channels.

1. State-Owned Banks: Funds must be placed in Mandiri, BNI, or BRI. These banks have dedicated “Golden Visa Compliance” desks to handle these transactions.
2. Sovereign Debt: Purchasing Government Bonds (SUN or ORI) is often the safest and most favored route for individual investors.
3. Public Equity: Investing in “Blue Chip” companies on the IDX allows for potential capital appreciation alongside your residency status.

The Real Estate Investment Option

While property is a popular route, it is restricted to luxury high-rise apartments (condominiums) with a “Hak Pakai” (Right to Use) title. Simple villa ownership on land (Hak Milik) is not available to foreigners. For the Golden Visa to be granted purely on real estate, the property valuation typically must exceed USD 1 million for the 10-year residency track. 

How to Apply for an Indonesian Golden Visa

Applying for Indonesia’s Golden Visa can be complex, but Emerhub can simplify the process for you. Our team handles the entire application on the Molina portal on your behalf from account registration to document preparation and submission. We will notify you as soon as authorities approve your visa.

Here is the general application process for Indonesian Golden Visa:

1. Pre-Qualification Audit: We will start with a “Source of Funds” audit to ensure that the USD 350k or USD 700k you intend to invest can be traced through legitimate banking channels. If the funds come from high-risk jurisdictions or lack a paper trail, your application will be rejected before it even starts.
2. Document Preparation: We will help prepare the necessary documents for the visa application which include the specific documentation requested based on the visa category you are applying for.
3. Digital Filing and Fee Payment: We will submit the application through the e-Visa online portal along with your registration payment:
   1. For a 10-year visa, the fee is roughly IDR 20,000,000.
   2. While this seems high, when divided by 10 years, it is actually cheaper than renewing a standard Business or Investor Visa every year.
4. Entry and Investment realization: Once your e-Visa is issued, you enter Indonesia. You then have 90 days to “realize” the investment. This is where we step in to coordinate with the bank or the stockbroker to ensure the specific “Golden Visa Proof” document is generated correctly. Once uploaded, your status is finalized with a final biometrics session.

Golden Visa Nusantara (IKN)

In January 2026, the government introduced reduced investment thresholds for the Golden Visa Nusantara program, which is specifically for investors involved in the development of Indonesia’s new capital in East Kalimantan.

Duration	Investment Requirement
5-year visa	USD 5,000,000
10-year visa	USD 10,000,000

This is significantly lower than the standard corporate investor thresholds of USD 25-50 million. Eligibility is limited to investors affiliated with a prescribed list of international accounting and professional services firms and those investing in approved IKN projects.

How Can Emerhub Help

Our team handles the entire Golden Visa application process on your behalf. We start with a source of funds audit to ensure your investment can be traced through legitimate channels, then prepare and submit your documentation through the immigration portal.

After approval, we coordinate with banks or stockbrokers to ensure the correct Golden Visa proof documents are generated within the 90-day window. We also advise on the tax implications of becoming an Indonesian resident and can help structure your investment to minimize your overall tax exposure.

If you are considering a Golden Visa, contact us for a consultation to determine which category is appropriate for your situation.