When you have found a country that offers immigration through an investment and is considered suitable for business activities, making a visa becomes a very necessary and basic thing.
When a foreign entrepreneur already has a limited stay visa, namely C13 or C14 for foreign investment activities in Indonesia and has applied for a certain number of years for a permanent residence, the entrepreneur will be entitled to reside in Indonesia.
Basically, the Indonesia Residence by Investment program runs side by side with the citizen by investment program, where in the end permanent residents also lead to citizenship but it takes time and requires physical residence in the country for a certain period of time and a permanent resident card.
Having a residence in Indonesia using this visa will be very beneficial for foreign investors who plan and want to set up a company. Later, they will be allowed to continue their journey as long as the validity period of the visa is still there, they will also have access to a re-entry permit to Indonesia on the same condition that the visa is still valid.
If a foreign entrepreneur wants to open his company in Indonesia, and then plans to settle down and stay in Indonesia to run his company, it is very necessary to have a visa to fulfill the conditions for staying in Indonesia.
Then what are the important things about Indonesia Residency by Investment or Indonesian residency based on investment, and what types of visas are available and the requirements that must be met? Check out the following:
An investor visa is different from a business visa, an investor visa will allow the holder to stay and stay in the country he is going to for a longer period of time and can engage in activities related to the business he wants to establish and run while in that country.
For foreign investors who have not yet decided what business to run and wish to conduct market research before establishing a business, a visa that allows the owner to carry out pre-investment activities may be suitable.
Temporary residence is a status granted to foreign nationals which gives them the right to stay in a country for a limited period of time. It can be in the form of a visa or temporary residence permit.
The temporary resident status can legally live and work, study or do business in the country, depending on the type of visa, without becoming a full citizen.
Entrepreneurs who have decided to open a company in Indonesia will have two choices of staying in Indonesia with different durations, namely C313 limited stay visa for foreign investment with a maximum period of 1 year and C314 limited stay visa for foreign investment with a maximum duration of 2 years. .
Meanwhile, for the purpose of obtaining residence in Indonesia through investment, the second option is the most suitable because it will allow the holder to remain in Indonesia for a longer period of 2 years.
In addition, this temporary residence permit can also be extended annually or every two years based on the type of visa chosen. After a valid and continuous period of stay in Indonesia, generally for 5 years, later foreign investors can apply for a permanent residence permit in Indonesia as long as other requirements can be met.
Permanent residence status granted to foreign nationals will offer almost the same rights as Indonesian citizens through an investment. Indonesian permanent residents can live, work, study wherever they want without any restrictions.
When discussing Indonesia Residency by Investment or Indonesian residency based on investment, it is also necessary to know what are the requirements that must be met to be able to get an investor visa in Indonesia.
A minimum investment amount will later be required for foreign direct investment in Indonesia and the investor visa holder not only needs to provide a minimum share capital for the company he is opening, but he must also have a minimum share investment. This is why this route of immigrating or settling into Indonesia is best suited for those with business and capital skills.
Some of the requirements that must be met to get an investor visa include the following:
• Have capital participation in foreign investment companies of at least Rp. 10 billion.
• The minimum paid-up and issued capital is IDR 2.5 billion.
• Each shareholder must contribute a minimum of IDR 10 million.
In addition, there are also other additional requirements for entrepreneurs who apply for investor visas, namely making a minimum investment in company shares. In some cases, the minimum investment amount is at least IDR 1 billion in company shares.
However, if the investor visa holder also acts as a director of the company, the minimum investment amount may be lower. Meanwhile, foreign companies established by foreign investors in Indonesia will comply with the same rules for taxation and licensing in terms of business activities regulated in Indonesia.
Some of the documents that will be required when applying for an investor visa in
Indonesia are as follows:
• A valid passport (which has a minimum validity period of 6 months after arrival).
• Proof of living expenses or a minimum of USD 1,500 while in the country.
• Return ticket.
• Two photos.
• Completed visa application form.
Not only that, a letter of guarantee from the grantor may also be required in certain cases. Some of the above documents are very necessary for all foreign citizens (foreigners) who want to immigrate to Indonesia.
Meanwhile, the visa fees covered are as follows:
• $150 for a temporary residence visa.
• $110 for a one-year double-entry visitor visa.
• The visa fee is $50 for C313 and C314 visas.
Pre-set fees are subject to change and it is highly recommended to check with the agent before registering.
How will Indonesia Residency by Investment be Provided?
Residence in Indonesia is first obtained under a temporary residence permit, such as the investor visa described above whose validity period can be extended.
Residents will also still be obtained after living and living continuously in the country for a period of five years. That was some information about Indonesia Residency by Investment or Indonesian residency based on investment.
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