Indonesia Golden Visa

The Indonesian golden visa is not one route but a family of visa codes, launched on 25 July 2024 according to the Directorate General of Immigration's press release of 21 May 2026. The Directorate General of Immigration's visa list, read on 27 September 2026, labels twelve codes as Golden Visa, and their thresholds lie far apart. The thresholds of the codes open to individuals, in US dollars:

The press release of 2 September 2023 also counted savings deposits among the assets for the E28C track; the current E28C page lists only government bonds, public company shares and mutual funds. The regulation itself settles the divergence: Articles 39 and 40 of Ministerial Regulation No. 22 of 2023, both as enacted and as amended by Regulation No. 11 of 2024, list no savings or time deposits for this track. Deposits are therefore not a qualifying asset for E28C, and the press release is the outlier rather than an earlier rule since replaced.

These amounts are not fixed at the level of the ministerial regulation: Regulation No. 11 of 2024 leaves changes to the capital, bond, share, mutual fund, apartment and over-55 income amounts to the Director General of Immigration after coordination with the relevant ministries and agencies, and Regulation No. 22 of 2023 lets the Director General review the deposit and apartment amounts of the second-home track.

The E28B commitment must be met within ninety days of the date of entry. An E28B file must also prove that the applicant holds shares in a company abroad, together with that company's turnover, taken from financial statements audited to international standards.

The second-home track, code E33, sits several steps lower, and here the threshold is not a condition of filing but a commitment to be executed after arrival in Indonesia.

At application the applicant needs only a personal bank statement showing at least USD 2,000 or the equivalent over the last three months, together with a passport valid for at least six months, a photograph taken within the past year, a curriculum vitae and a travel itinerary.

The real threshold sits in the Immigration Guarantee, with a Letter of Commitment electing one of the two routes shown in the E33 row of the table.

That commitment must be executed and reported to the very Immigration Office that issued the Limited Stay Permit within ninety days of entry, with proof of ownership of the funds or the property. The guarantee must be kept at no less than the committed level for as long as the permit is valid.

The remaining codes are not open to any foreign national. E28D, E28F and E28G set the threshold on investment by a foreign company, from USD 5 million to USD 50 million. The E28D and E28G pages both give 25 million for the five-year tier and 50 million for the ten-year tier; the E28F page, the code tied to the Nusantara capital, gives 5 million and 10 million; Regulation No. 11 of 2024 limits E28G to one person per company.

Beyond those three codes, E32A and E32B are for former Indonesian citizens and their descendants; E33A to E33C require an invitation or statement from a government body.

Every Golden Visa code leads first to a Limited Stay Permit (ITAS), not yet to permanent residence. The Directorate General of Immigration's press release of 2 September 2023 describes the golden visa as the basis for a stay permit of five to ten years.

On the two investor tracks, E28B and E28C, the applicant chooses the term at the outset, five years or ten, according to the amount invested. The permit can be extended, and can be converted to another type of limited stay permit.

On the second-home track, E33, the first permit runs for at most five years, and extension is capped: total stay under this permit type in Indonesia may not pass ten years. After that the permit may be converted to another type.

None of the three pages, E28B, E28C or E33, mentions a permanent stay permit or a path to citizenship. The pages do not say which permit comes next, but the regulation the pages themselves cite does. Article 184 of Ministerial Regulation No. 22 of 2023 defines Golden Visa as a grouping of limited stay visas, Limited Stay Permits, Permanent Stay Permits (ITAP) and re-entry permits.

Article 173, as amended by Regulation No. 11 of 2024, allows conversion of an ITAS into an ITAP for holders whose ITAS was granted for foreign investment or for second-home activity, including people aged 55 or over. Article 179 requires that the holder has been in Indonesia for at least three consecutive years since the ITAS was granted, and Article 178 bars conversion while the original investment commitment remains unmet. Government Regulation No. 40 of 2023, amending Regulation No. 31 of 2013, sets the same three-year mark for investors and holders of the second-home facility.

The ten-year ceiling therefore caps only the limited permit, while the path to permanent residence opens from the third year. The Golden Visa statistics published by the Directorate General of Immigration do not break out ITAP grants, so how far that path is used in practice cannot be checked.

Two different periods run here, and the page of each golden visa code warns the reader not to confuse them. The visa is valid for ninety days from issue; if it is not used within that window the foreign national must apply for a new visa in order to enter Indonesia.

The period of stay is another matter. On E28B and E28C the applicant chooses five or ten years at filing. On E33 the first stay permit runs for at most five years and is extendable, within a total ceiling of ten years.

Processing takes five working days from receipt of the fee on the E28B and E28C tracks, and four working days on the E33 track. Extensions are filed online through the Directorate General of Immigration evisa portal.

The Limited Stay Permit and the Re-Entry Permit are issued automatically as soon as the officer at the immigration checkpoint admits the holder, so no separate procedure is needed for either.

On all three tracks, E28B, E28C and E33, the investment is a commitment executed after arrival in Indonesia, within ninety days. For E28C, Regulation No. 11 of 2024 requires the commitment to buy government bonds, public company shares or mutual fund units to be met within ninety days of the grant of the Limited Stay Permit, and the e-Visa portal requires compliance with the commitment to be reported within ninety days of entry.

Only the E28C page on imigrasi.go.id words the requirement as proof of ownership (bukti kepemilikan). The divergence lies in that page; the regulation and the e-Visa portal agree with each other.

The three tracks E28B, E28C and E33 all require no guarantor, neither an individual nor a company. On the E33 track the guarantor role is replaced by the Immigration Guarantee.

Permitted activity differs by track. An E28B holder may invest, sit on the board of directors or board of commissioners of the company they invested in, and supervise production at that company's offices or factories; study is possible through the dual-activity mechanism.

An E28C holder may invest, carry out business and investment activity, and receive returns or facilities from the investment made.

An E33 holder may travel, shop and visit family and friends; working, studying or other activity is also permitted, but only on reporting dual activity to the very immigration office that issued the stay permit. The right to work does not travel with the visa itself but with a declaration procedure.

On all three tracks the holder may enter and leave Indonesian territory while the re-entry permit remains valid, without applying for a new visa.

The prohibitions are set out separately: staying beyond the period of the stay permit, and carrying out work not matching the stay permit.

The E28B and E28C pages add activity outside the granted scope unless a change or dual activity has been filed; the E33 page adds selling goods or services, except where required in the holder's own work.

The legal basis comprises Law No. 6 of 2011 on Immigration, last amended by Law No. 63 of 2024; Government Regulation No. 31 of 2013, last amended by Regulation No. 40 of 2023;

Government Regulation No. 45 of 2024 on non-tax state revenue; Ministerial Regulation No. 22 of 2023 on Visas and Stay Permits, as amended by Regulation No. 11 of 2024; and Decision of the Minister of Immigration and Corrections No. M.IP-08.GR.01.01 of 2025 on Visa Classification.

The E28C page cites two further Minister of Finance regulations: No. 9/PMK.02/2022 on fees for urgent immigration services, and No. 82 of 2023 on fees for golden visa services.

All three pages, E28B, E28C and E33, allow a golden visa holder to bring family to live in Indonesia; the E33 page adds the condition that immigration legislation be met. Those three pages do not say under which code the family members apply, or whether they must show funds of their own; the answer sits on the Directorate General of Immigration e-Visa portal.

One sign indicates that golden visa dependants follow a separate route. The E31E page, the family visa for children of a stay-permit holder, states expressly that it cannot be used to join a golden visa holder as a family dependant.

That separate route does not appear in the visa list on imigrasi.go.id, but it does appear on the e-Visa portal. The portal's Family Dependant for Golden Visa purpose lists Golden Visa versions of four codes: E31B for a spouse, E31E for an unmarried child under 18, E31H for a parent and E31J for an unmarried sibling under 18. Each code has a tier of up to five years and a tier of up to ten years, at IDR 12,000,000 and IDR 18,500,000.

The only financial condition the portal shows for these codes is proof of living funds of at least USD 2,000 or the equivalent; family members make no investment of their own. Regulation No. 11 of 2024 adds a ceiling: the period of stay on a spouse's visa may not exceed the validity of the other spouse's ITAS or ITAP.

The status this programme grants, whether a visa or a residence permit, does not replace the holder's passport. The holder still travels on the passport of their own country, so the figure below belongs to the Indonesia passport and becomes the holder's only once they are issued a Indonesia passport.

According to the Passport Index of Prosperous Intelligence, on data dated 30 September 2026, the Indonesia passport reaches 68 destinations without applying for a consular visa in advance. The figure combines three forms of entry and does not count an e-Visa that must be obtained beforehand:

It is therefore a measure of how easily the holder travels, not a count of visa-free countries in the narrow sense.

For comparison, on the same source and the same method of counting, the Vietnamese passport reaches 44 destinations. The two lists of destinations do not nest inside one another, so the difference is an indication rather than a list of places newly opened.

Prosperous Intelligence dates its data and advises checking with the destination’s official authorities before travelling.

The seven official pages of the Directorate General of Immigration on the golden visa make no reference to tax, to a tax number or to the tax authority; the programme creates no tax regime.

What is worth stating runs the other way: Indonesia does have a preferential regime for foreign nationals, and that very regime excludes investors.

Article 4(1a) of the Income Tax Law allows a foreign national who has become a domestic tax subject to be taxed only on income sourced from Indonesia, on two conditions: that the person has certain expertise, and that the regime runs for four tax years counted from becoming a domestic tax subject.

Paragraph (1b) clarifies that income from Indonesia includes amounts paid outside Indonesia for work, services or activities performed in Indonesia.

Paragraph (1c) closes a further door: the four-year territorial regime does not apply to a foreign national who invokes a double taxation agreement to obtain exemption for income from outside Indonesia.

So who has certain expertise. According to the publication of the Directorate General of Taxes interpreting Article 8 of Minister of Finance Regulation No. 18/PMK.03/2021, the phrase covers only foreign workers holding specified job positions and foreign researchers;

Annex II lists twenty-five categories of position; and the criteria require certified expertise in science, technology or mathematics, a minimum of five years of experience, and an obligation to transfer knowledge.

An investor holding a golden visa falls into none of those, so the grant of a golden visa does not carry the four-year territorial regime with it.

The same publication cites Article 9 of the regulation: the four-year period runs from first becoming a domestic tax subject and continues to run even if the foreign national leaves Indonesia within it.

The tax-residence line sits in Article 2.

Paragraph (3)(a) treats as a domestic tax subject an individual, foreign nationals included, who resides in Indonesia, or is in Indonesia for more than 183 days within twelve months, or in a tax year is present in Indonesia and intends to reside there.

Paragraph (4)(b) treats a foreign national present for not more than 183 days in twelve months as a foreign tax subject.

The same Directorate General of Taxes publication lists the documents that evidence an intention to reside: a permanent stay permit (KITAP); a limited stay visa or permit (VITAS/ITAS) valid for more than 183 days together with a work, business or activity contract in Indonesia of more than 183 days; such a contract on its own; or other documents such as a lease of more than 183 days or papers relocating family members to Indonesia. On that list an ITAS alone is not enough and must come with a contract of more than 183 days, while a KITAP suffices by itself.

On the programme itself, the legal basis according to the Immigration Directorate press release of 2 September 2023 is Regulation of the Minister of Law and Human Rights No. 22 of 2023 on Visas and Residence Permits, together with Minister of Finance Regulation No. 82 of 2023.

The release gives 30 August 2023 as the promulgation date, but Regulation No. 22 of 2023 itself records enactment on 22 August 2023 and promulgation on 24 August 2023; the promulgation date of Regulation No. 82 of 2023 has not been checked against the original text. The golden visa is granted as the basis for a residence permit of five to ten years in support of the national economy.

On the capital-market investor track, the five-year visa requires a commitment to buy Indonesian government bonds, listed company shares or mutual fund units of at least USD 350,000.

The ten-year visa requires a commitment of at least USD 700,000, or a commitment to buy an apartment worth at least USD 1,000,000; the state charge is IDR 13,000,000 for up to five years and IDR 19,500,000 for up to ten; and this class requires no sponsor.

The official page does state that the holder may receive returns or facilities from the investment made, but says nothing about how that is taxed.

Read this cell within its scope. The interpretation of certain expertise is taken from the tax authority publication rather than from the regulation itself, because the original regulation has not been checked in full text.

The two founding regulations of the programme have not been checked in full text either, so it cannot be affirmed whether they contain tax provisions

The state fee for the golden visa comes in two tiers of term, and the E28C page publishes the full breakdown of both.

The five-year tier is IDR 13,000,000: a stay permit fee of 7,000,000, a visa fee of 500,000, a verification fee of 2,000,000 and a re-entry permit fee of 3,500,000.

The ten-year tier is IDR 19,500,000: a stay permit fee of 12,000,000, a visa fee of 500,000, a verification fee of 2,000,000 and a re-entry permit fee of 5,000,000. The ten-year tier does not cost double the five-year one; the difference lies only in the two permit items.

The E33 track has only the five-year tier, with the same total of IDR 13,000,000 and the same four items. The E33 page publishes no fee for the extension that carries total stay to ten years, even though that extension is filed online through evisa.imigrasi.go.id.

All items are non-tax state revenue, paid through designated banks against the billing code the system generates once the application is lodged. If the application is refused, what has been paid is not refunded.

The state fee is not the whole cost. For E28B, the financial statements of the company abroad must be audited by a firm working to international standards, and the page attaches a list of twenty such firms.