It is common for individuals to contemplate residing and temporarily settling in another country, such as Indonesia, without knowing who can provide sponsorship and recommendations for their stay. The following article outlines the procedures for obtaining a stay permit in Indonesia without a sponsor or recommendation. Below, I have outlined the most viable options for your consideration:
Investor Visa (KITAS)
If you have the financial resources to invest, the Investor Visa allows you to stay in Indonesia and manage your investments. By establishing a business, either by creating a new company or investing in an existing one, you can apply for an Investor Visa, which grants a KITAS (Temporary Stay Permit) as an investor.
To qualify for an Investor Visa (KITAS), you must either establish a new business or invest in an existing Indonesian company. The process begins with the formation of a legal entity, typically a foreign-owned limited liability company (PT PMA). According to Peraturan Kementerian Hukum dan HAM Republik Indonesia No. 22 Tahun 2023 concerning Visas and Stay Permits, the minimum investment requirement is generally IDR 10 billion.
Once your business entity is established, you can proceed with the visa application. This involves submitting a comprehensive business plan, proof of the initial capital investment, and other corporate documents. The Indonesian Investment Coordinating Board (BKPM) will review your application and, upon approval, issue a recommendation letter. With this letter, ET Consultant can assist you to obtain an Investor KITAS.
After entering Indonesia with the Investor Visa, you will need to convert it to a KITAS at the local immigration office. This process includes providing your passport, visa approval, and business documentation, along with paying the required fees. The KITAS for investors is typically valid for one year and can be renewed annually, offering the flexibility to manage and grow your investments in Indonesia.
Read More: Types of Limited Stay Permit (ITAS)
About Your Investor Visa (KITAS)
The Investor KITAS is typically issued with an initial validity period of one year. Depending on the specifics of your investment and compliance with regulatory requirements, it can also be issued for up to two years. Investor KITAS can be renewed. The renewal process requires you to submit updated business documents and proof of ongoing investment activities. Renewal applications should be submitted to the local immigration office in Indonesia before the expiration of the current KITAS.
Advantages of Investor KITAS
It is important to understand the benefits of holding an Investor KITAS. These benefits include:
Long-Term Stay
Unlike short-term visas, the Investor KITAS provides a longer duration of stay, allowing you to manage and grow your business without frequent disruptions.
Multiple Entries
The Investor KITAS allows for multiple entries, so you can travel in and out of Indonesia without needing a new visa each time.
Family Benefits
Your spouse and children may also be eligible for dependent KITAS, allowing them to reside in Indonesia with you.
Ease of Business Operations
Holding an Investor KITAS simplifies many bureaucratic processes related to business operations in Indonesia, such as opening bank accounts and obtaining local licenses.
Read More: Outlook on Indonesia Visa 2024
Pathway to Permanent Residency
Long-term investors who hold Investor KITAS for a certain period may eventually qualify for a permanent stay permit (KITAP), offering even greater stability and benefits.
By understanding these procedures and benefits, you can make informed decisions about investing and residing in Indonesia without the need for a job or prior sponsorship.
ET Consultant is a Business Consultant and Legal Consultant Expert that provides support for local and multinational clients to start and manage their business operations in Indonesia. ET Consultant specializes in Business Incorporation, Licensing & Legal, Accounting & Taxes, Immigration, and Advisory Services.
Ready to find out more?
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ET Consultant is a Business Consultant and Legal Consultant Expert that provides support for local and multinational clients to start and manage their business operations in Indonesia. ET Consultant specializes in Business Incorporation, Licensing & Legal, Accounting & Taxes, Immigration, and Advisory Services.
Ready to find out more?
Excellent and Trusted Consultant (ET Consultant)
PPHUI Building Lantai 2 suite 210 Jl. H.R. Rasuna Said Kav. C-22 Kuningan
Jakarta Selatan, 12940 Indonesia.
Tlp : 021 5290 7039
Email : [email protected]
