The process of obtaining a visa in Indonesia, particularly for new business owners, has often been daunting due to the high cost of work permits. However, in 2019, the Indonesian Government introduced the Investor Visa or Investor KITAS, making it significantly easier to obtain and offering substantial financial savings.
What is the Investor KITAS and when was it introduced?
The Investor Visa / Investor KITAS is a visa specifically created as one of the investment requirements in Indonesia, allowing foreign companies to live and manage their businesses in the country with relative ease.
The Investor KITAS (Kartu Izin Tinggal Terbatas) is a special type of residence permit designed for foreign investors who want to establish or invest in business activities (PT PMA) in Indonesia. This program is part of the Indonesian government’s efforts to attract foreign investment and promote economic growth.
Who can apply for an Investor KITAS?
Before obtaining an Investor KITAS, the company’s authorised capital must exceed 10 billion rupiahs, with a minimum of 25% of the authorised capital paid up. For companies established before 2009, lower capital investment is possible. Additionally, an investor should have a minimum value of 1 billion rupiahs in personal shares invested in a PMA company and hold the title of either Director or Commissioner.
Can you work using an Investor KITAS?
According to the stipulation of the Manpower regulation “Permenaker No. 10 the Year 2018” under Article 10, Article 22, and Article 26 point C. a director of a company who is the holder of an Investor KITAS can work as long as the following criteria are satisfied:
All tasks handled by the Director must be in accordance with the scope of the company’s business activities, and the Director’s duties shall exclude work activities that involve him in practical day-to-day work
The company provides equal opportunities to all Indonesians to work
FAQ
More facts about the Investor KITAS will then be explained by Lets Move Indonesia Jakarta’s visa consultant is transcribed below.
LMI: Is the Investor KITAS renewable, or do you need to cancel it once the term is up?
Yes, the Investor KITAS is renewable.
Is it possible to obtain an Investor KITAP?
Yes, it is possible to obtain an Investor KITAP.
Can a company apply for more than one Investor KITAS?
Yes, a company can apply for more than one Investor KITAS as long as the foreigner’s shares are stated in the Deed of Establishment of the Company, and the amount of the share to a minimum of 10 billion IDR.
Can the Investor Visa support dependent visas?
Yes, the Investor KITAS can support dependent visas.
How long does it take to process an Investor KITAS?
The processing time is approximately 14 working days for standard process, alternatively the Express service is also available approximately 4-5 working days.
What documents are required to process this KITAS?
The required documents include:
- Investor’s passport validity minimum of 18 months for a 1-year KITAS application.
- Company’s deed of establishment and its amendments (if any).
- Ratification from the Ministry of Law and Human Rights (MoLHR) of the company sponsor/SK Kehakiman Pendirian Perusahaan dan Perubahannya (if any).
- Tax Registration Number (NPWP) of the company sponsor.
- Business Domicile.
- Business License.
- Business Identification Number or Nomor Induk Berusaha (NIB).
- ID Card (KTP) and Tax Number / ID (NPWP) of the Indonesian Director of the company sponsor (if needed).
- Blank the document with the company’s letterhead.
- Bank account statement with a minimum balance of USD 1,500.
Please note that the duration granted is based on the validity of the applicant’s passport. If the passport has a minimum of 18 months validity, you will be granted a 1-year Investor KITAS. If the passport has more than 30 months of validity, you can obtain a 2-year KITAS. It is important to consult with the professional and authorised visa consultants to help navigating the right documents and processes for the visa applications.
How much does this visa cost?
The price of an Indonesian Investor KITAS depends on the visa duration and how quickly it’s processed. The cost can range from IDR 20 million to IDR 22 million.
If someone has any questions or needs to know more, how can they contact you?
If you have any further questions you can reach out to the LetsMoveIndonesia team at [email protected] for a FREE consultation. If you are looking to process your next Visa or need help with your Relocation, Company Establishment or Real Estate needs, then contact LetsMoveIndonesia – Indonesia’s Most Trusted Legal & Visa Agency! T: 021 300 297 27 E: [email protected]
Found this article interesting? Then check out these other useful guides about Visa and Company Establishment processes in Indonesia!
The KITAS Process – How to avoid getting ripped off!
The KITAS Process – Everything you need to know before applying for yours!
Visa on arrival in Indonesia (VOA) – Everything you need to know!
Multiple Business Visa – How to get yours!
How to set up a business in Indonesia
Company Establishment – Now Possible in Only 2 Weeks!
Registering a Trademark in Indonesia – How to protect your business
Why use Lets Move Indonesia to help with your visa?
We have a proven track record of supporting thousands of global expats with their visa applications, company formation, real estate, and relocation services over the past few years.
Known as Indonesia’s most trusted agency, we were the first in Jakarta to publicly list our visa and company establishment prices, both online and offline. Our ethical business practices ensure fair and equal pricing for everyone.
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Lets Move Indonesia is proud to be the trendsetter in the Expatriate Services Industry in Indonesia – Come and see what all the fuss is about and contact us today!
