In a significant development set to reshape retirement options for expatriates in Indonesia, the Retirement KITAS has undergone a transformative update. As of 22nd of August, 2023, expatriates seeking to enjoy their golden years in the captivating country can now look forward to an extended stay of up to 5 years under the revised regulations.
This announcement brings a wave of anticipation and curiosity, as the Indonesian government introduces a series of updated prerequisites designed to streamline the process and offer expatriates a chance to stay in Indonesia for an even more prolonged period. This article delves into the details of this regulatory update, shedding light on the changes that promise to make Indonesia an even more enticing destination for retirees from around the world.
The Updated Regulations for a 5-year Retirement KITAS
Article 61
According to Article 61 of the recent regulation release, to be qualified for the Retirement visa, an applicant must be aged 60 or above. Moreover, a monthly pension fund of at least USD 3,000 is a mandatory prerequisite. This financial criterion is put in place to guarantee that retirees possess a consistent source of income to sustain their lifestyle while residing in Indonesia.
Article 62
A significant change introduced is the eligibility to use the KITAS to stay in Indonesia for up to 5 years and the exclusion of the sponsor from applying for a Retirement KITAS. This alteration offers retirees the convenience of planning their Indonesian stay more efficiently. However, specific conditions need to be met:
- Applicants must furnish a statement committing to save funds in a personal account at a state-owned bank. The minimum amount required is US$50,000 or its equivalent.
- The commitment to save funds must be fulfilled within 90 days from the date the Limited Stay Permit is granted. This ensures that retirees have the necessary financial resources accessible to support their tenure.
- As stipulated in Article 61, retirees are still required to provide evidence of a pension fund with a minimum monthly sum of USD 3,000. This reinforces the retirees’ financial stability.
Passport Validity Update
Aligned with the new Regulation Permenhumkam number 22 of 2023, it is essential to note that the passport’s validity must be a minimum of 6 months for all KITAS (Limited Stay Visa) applications. This regulation aims to ensure that applicants possess a valid passport that encompasses their intended duration of stay in Indonesia.
Other required documents to apply for a Retirement KITAS
Aside from having to be above 60 years old, there are more requirements to be fulfilled while applying for a Retirement visa in Indonesia:
- Passport with 18 months remaining validity
- Photograph with red background
- Curriculum Vitae (CV)
- Life and Health Insurance Policy
- Home lease agreement for at least 1 year (signed by both parties, should mention the owner’s name, address of the rented house, the amount of rent and attach the owner’s KTP)
- A Statement/letter to employ an Indonesia maid/helper while living in Indonesia, will not be working/engaging in any business activities, and that you have secured your accommodation
- Maid/helper ID card (KTP)
- Statement of the Pension fund with a minimum of USD 3,000 /month
- Copy of marriage certificate – if married
To understand more about Retirement KITAS, you can read our dedicated Retirement KITAS page here.
Is the 1-year Retirement KITAS still available?
Yes, it still remains an available option for expatriates who want to stay in Indonesia for a shorter period
Can we apply for Retirement KITAS Offshore?
Yes. Effective 9th January, the Indonesian Government has announced that Retirement KITAS now can be applied for offshore through Indonesian Immigration’s official website gateway evisa.imigrasi.co.id.
Can we still apply for Retirement KITAS Onshore?
Foreign nationals can still access the onshore application for Retirement KITAS. However, the process can only be done through visa conversion from Visit Visa (B211) to Retirement KITAS. If you want to know more about the conversion procedure, contact our visa consultant to guide you through getting your Retirement KITAS onshore.
What is the difference between the 1-year Retirement visa and the 5-year Retirement visa?
The difference lies in the requirement of sponsorship. The 1-year retirement KITAS will still require you to engage with a sponsor, while the recent 5-years update requires no sponsorship for the application.
How much is the minimum pension fee for both available Retirement KITAS options in Indonesia?
The 1-year Retirement KITAS requires the Statement of the Pension Fund for 1,500 USD / month, while the new visa will need you to provide the Statement of the Pension Fund for 3,000 USD / month
Can I convert my current KITAS (Temporary Residence Permit) to KITAP (Permanent Stay Permit)?
Yes, you can still convert your Retirement KITAS to apply for a Retirement KITAP. This will offer an even longer term of residency in Indonesia. To check the eligibility and proper procedures, consult our visa experts using our free consultation!
More about Indonesian Visas
What are popular other Visas to enter Indonesia?
Visa on Arrival (VoA), Single Entry Visa, Work Permit, and Business Visa. The Investor KITAS is designed for foreign investors seeking to establish or invest in businesses in Indonesia. It grants a residence permit for active participation in managing investments.
- The Visa on Arrival (VoA) is available for citizens of eligible countries. It allows short stays for tourism, business meetings, or social visits, with a stay of up to 30 days, extendable once for another 30 days.
- The Single Entry Visa enables individuals to visit Indonesia for specific purposes such as business meetings, conferences, or tourism. It allows a stay of up to 60 days and cannot be extended.
- The Work Permit, or Employment KITAS, is for foreign nationals employed by Indonesian companies. It requires sponsorship from the employing company and allows the holder to work legally in Indonesia.
- The Business Visa is suitable for individuals engaging in business activities that don’t involve formal employment. It allows visits for negotiations, market research, or exploring business opportunities.
Why should I still go to the Immigration Office when I have engaged with a Visa Agency in Indonesia?
Even with a Visa Agency’s help, visiting the Immigration Office is necessary for directorate requirements, fingerprints, and essential information. But instead of going back and forth the Immigration Office multiple times for one application, engaging a Visa Consultant would ensure you a one-time only visit to the Immigration Office for biometrics and data validation.
How much does it cost to apply for a Visa on Arrival?
The cost for a Visa on Arrival (VoA) upon arrival in Indonesia is around IDR 500,000.
Stay Informed with LetsMoveIndonesia
These revisions in the Indonesia Visa regulations signify the government’s commitment to ensuring retirees’ well-being and financial security during their sojourn. However, comprehending these regulations and their implications can be intricate. To remain abreast of the latest updates and modifications, keeping track of LetsMoveIndonesia’s articles is recommended.
LetsMoveIndonesia is devoted to providing accurate and current information on immigration, visas, and related subjects. As these regulations continue to evolve, their articles can assist you in making well-informed choices and navigating the application procedure smoothly. Whether you are contemplating retirement in Indonesia or any other visa-related matter, staying informed is the cornerstone of a successful and trouble-free experience.
If you have any questions or need to know more about Retirement KITAS in Bali and Jakarta, make sure you contact us and we will be happy to help! WA: +62 812 9260 0590, T: +62 21 300 297 27 (Jakarta) T: +62 361 934 8343 (Seminyak) T: +62 361 939 9406 (Canggu), T: +62 361 280 789 (Sanur), E: [email protected]
Found this article interesting? Then check out these useful guides about Indonesia Visas:
The Indonesia Visa on Arrival – Everything you need to know now!
Bali Visas – Guide to Bali Visa for UK Citizens
The Indonesia Visa on Arrival 2023 – Everything you need to know now!
Indonesia Visas – How to extend your Indonesia Visas
LetsMoveIndonesia – 2022 Bali Visas Recap
Jakarta Visas – How to Get a Jakarta Visa on Arrival
Electronic Visa on Arrival (e-VOA) is Now Available For 27 Nationalities
