Indonesia is a hugely promising country, with tremendous natural resources, labor force, strategic location, and a hassle-free government administration of the economy and regulations for investors, one of the most known programs is the Investor KITAS Visa program.
Indonesia is a G-20 member with the world's fourth-largest population and the world's tenth-largest economy in terms of purchasing power parity. According to international analysts, Indonesian Foreign Direct Investment is expected to reach 150.00 trillion IDR in 2023. Since the Indonesian market is a potential target for investors, by the Investor KITAS Visa makes it easier for international investors to begin investing, managing, and controlling their businesses in Indonesia.
Then, what is investor KITAS and how to become their investor? What benefits can you get from becoming an investor KITAS in Indonesia? This article will explain to you more about the investor KITAS.
What is Investor KITAS?
In Indonesia, KITAS is an acronym for Kartu Izin Tinggal Sementara, known as Temporary Residence Permit globally. People can stay in Indonesia temporarily if they become an investor KITAS.
The KITAS was established in 2011, but not many investors know about this. Until 2019, the government decided to fix the term of KITAS and offer it to the investors who are interested in this program.
As side information, regular KITAS is different from the investor KITAS. Many people mistook the two programs to have other functions and purposes. If you want to become an investor, you must choose the investor KITAS program.
What’s The Benefit for The Investor KITAS?
As mentioned above, the investor KITAS will gain free access to stay in Indonesia during the period agreement. They don’t have to stay for the whole year but can leave and come back again without having visa issues.
Besides the free access to stay in Indonesia, the investors can get a working permit, which will be the most beneficial thing for people in business globally. The investors don’t need to pay the work permit fee to work or gain income in Indonesia.
If you want to use the work permit, there are some criteria you have to follow, which are the first one, your business should be able to give opportunities to the Indonesians. It can help the government to reduce the unemployment rate in Indonesia. As for the second criteria, the investor has to handle all business activities as per the standard regulation in Indonesia.
Who’s Eligible to Apply Investor KITAS?
To become the investor KITAS in Indonesia, it would be best to meet some qualifications. First of all, you need to have a capital gain of at least 10 billion rupiah. The capital gain should be authorized for a minimum of 25%.
As an investor, you should have a personal share with a minimum value of 1 billion rupiah. The personal shares can be invested in a PMA company, and you need to hold the title of either Director or Commissioner.
How to Apply Investor KITAS?
If you are interested in applying for investor KITAS, you must prepare all required documents and sign an application letter. In the next step, you need to issue the investor KITAS at the Indonesian Embassy abroad and wait within 60 days for the approval.
After the approval, you will receive a visa sticker. For a side note, you must enter Indonesia within 90 days to convert the VITAS into the investor KITAS. It will take 14 working days to wait for the conversion. We understand the process you need to get through to apply for investor KITAS in Indonesia takes a lot of time and effort.
That’s why NG Global offers you our service to handle the application process. Contact us to get more information or if you have any questions regarding the application for investor KITAS.
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Written By Eufrasia JoanImage Source: Pixabay By MadebyNastiaEdited and Posted By Derry Khudlori