The Investor Visa in Bali, officially referred to as the Investor KITAS (Stay Permit), is a residence permit for foreign nationals who wish to invest or establish a business in Indonesia. This visa allows investors to legally reside in the country while managing their business operations, providing benefits such as multiple entries and extended stays.
Categories of Investor KITAS
Several types of Investor KITAS are available, tailored to different forms of investment:
1. E28A: Shareholder in a Company
- Who Can Apply : This visa is for individuals who own shares in an Indonesian company valued at a minimum of IDR 10 billion (approximately USD 700,000).
- Duration : It is valid for up to 2 years.
- Permitted Activities : Holders can participate in activities related to the management of their company, including serving as a director or commissioner.
- Family Sponsorship : Immediate family members are eligible to accompany the investor.
- Required Documents : Applicants need a passport valid for at least 6 months, a CV, health insurance, proof of residence in Indonesia, a police clearance from their home country, proof of financial stability, and documents verifying their share ownership in the company.
2. E28C: Investor in Public Equities or Bonds
- Who Can Apply : Individuals who invest in public equities worth at least USD 350,000 (for 5-year validity) or USD 700,000 (for 10-year validity) are eligible.
- Duration : Valid for 5 or 10 years depending on the amount invested.
- Permitted Activities : Holders can manage their investments but are prohibited from employment in Indonesia.
- Family Sponsorship : Dependents are eligible to accompany the investor.
- Required Documents : Similar to the E28A, including proof of share ownership in public equities and financial documentation.
3. E28B: Rarely Used by Foreign Investors
- Who Can Apply : Investors who hold shares valued between USD 2.5 million and USD 5 million.
- Duration : Valid for 5 or 10 years.
- Permitted Activities : Similar to other categories, holders can manage their investments but cannot seek employment.
- Family Sponsorship : Eligible dependents can accompany the investor.
- Required Documents : Similar to other categories, with additional emphasis on proof of high-value share ownership.
Benefits of Obtaining an Investor KITAS
1. Multiple Entry Privileges
Investors can freely travel in and out of Indonesia, making business trips and international travel more convenient.
2. Long-Term Stay
Investors are granted the ability to reside in Indonesia for either 1 or 2 years, with options for renewal, providing them with stability for business planning.
3. Family Sponsorship
This visa allows investors to bring their immediate family, ensuring they can maintain a comfortable personal life while focusing on business.
4. Eligibility for a Driver’s License
Investors can apply for a local driver’s license, which is essential for daily commuting and mobility.
5. Access to Loan Facilities
Investors may qualify for certain non-consumptive loans in Indonesia, potentially assisting in expanding their business ventures.
Eligibility Criteria for an Investor KITAS
1. Company Requirements
The company must have a minimum authorized capital of IDR 10 billion, of which at least 25% must be paid up. Additionally, the investor must hold a minimum share of IDR 1 billion and occupy a director or commissioner role within the PMA (Foreign-Owned Company).
2. Document Requirements
Essential documents include the company’s legal paperwork, a passport valid for at least 6 months, recent photographs, a personal bank statement with a balance of at least Rp10,000,000,000.00 (ten billion rupiah), proof of share ownership in the PMA, and legal authorization from the Ministry of Law and Human Rights regarding the company’s establishment.
How to Apply for an Investor KITAS
1. Initial Application Steps
Choose the Investor KITAS category that aligns with your investment goals, ensuring you meet the minimum investment requirements and have the necessary documents ready.
2. Applying from Outside Indonesia
The application process can take up to 40 business days. The cost for a standard 2-year visa is IDR 16,000,000 plus an additional USD 150, with priority applications priced higher, around IDR 19,000,000 and additional USD 150.
3. Applying from Within Indonesia
For those already in Indonesia, the application process typically takes around 21 days and is priced at IDR 25,000,000 for a 2-year visa.
4. Additional Requirements
Applicants may need to obtain a single-entry or multiple-entry e-visa before starting the Investor KITAS process if they are already in Indonesia. International bank transfers can sometimes take as long as five business days to be processed in Bali. As a result, any processing will only begin once the funds have been successfully received and confirmed in the account.
Recent Changes to Investor KITAS Requirements
In November 2023, the Indonesian government introduced updates to the Investor KITAS program aimed at promoting higher-quality foreign investments. The key updates include:
1. Increased Investment Requirements
The minimum capital requirement for companies applying for an Investor KITAS has been raised to IDR 10 billion, or approximately USD 700,000.
2. Compliance Deadline
Companies already operating in Indonesia with an Investor KITAS must adjust their capital structure to meet the new standards by December 2024.
These changes reflect the government’s initiative to encourage substantial foreign investments that contribute significantly to Indonesia’s economy.
Important Considerations and Potential Risks
While the Investor KITAS offers many advantages, there are also important considerations:
1. Tax Liabilities
Owning shares in an Indonesian company may have tax consequences, and investors should fully understand these obligations before making an investment.
2. Legal Responsibilities
As a shareholder, you may be legally accountable for your company’s actions. It is essential to comply with all legal obligations to avoid potential issues.
3. Restrictions on Employment
Investor KITAS holders are only allowed to work within the company they own shares in. Employment outside of their own business is strictly prohibited.
Conclusion
The Investor KITAS is an essential tool for foreign investors seeking to build or expand their business in Bali. By understanding the various types of Investor KITAS and adhering to the latest regulatory requirements, investors can smoothly navigate the application process and establish themselves in Indonesia’s growing market. With benefits like multiple entries, extended stay, and the ability to sponsor family members, the Investor KITAS provides a secure foundation for both professional and personal success in Bali.
Additional Resources
For expert assistance in setting up a business and obtaining an Investor KITAS in Bali, it is advisable to consult with professional visa agents or legal advisors who are well-versed in Indonesian immigration regulations. M Visa Bali is one such service provider offering comprehensive support in setting up a PT PMA and securing the necessary permits for foreign investors.
KW : Bali Investor Visa
