Residence permit for investment in Indonesia
The Second Home Investment Visa programme was launched in 2022. It allows foreigners to stay in the republic for 5 or 10 years. To obtain a temporary residence permit in Indonesia, candidates must buy local real estate or open a deposit in a state bank. The properties acquired under the programme can only be used for personal purposes. This document does not allow the generation of income within the country, so residents are not permitted to rent out the property.
The programme was developed by the government to attract wealthy investors, retirees and tourists, thereby contributing to the development of the local economy. While it does not allow foreigners to work, it does grant the right to run a business, making it ideal for entrepreneurs.
Holders of a 5-year visa can apply for a one-time extension for the same period. After three years of official residence, they may apply for ITAP. The spouse, children and parents of the principal applicant are also eligible for the programme.
An Indonesian passport can be obtained by naturalization after 5 years of continuous residence in the country or after 10 years of intermittent residence. However, an Indonesian language test and renunciation of first citizenship will be required.
Conditions for obtaining a residence permit in Indonesia
- Purchase of real estate worth USD 123,000 or more
- Opening a deposit in a local bank in the amount of USD 123,000
- Main applicant must be over 18 years old
What documents are required to obtain a residence permit in Indonesia
To obtain a long-term Second Home visa, foreigners must provide the following documentation:
- Passports of the principal and dependent applicants, valid for at least 36 months from the date of application
- A statement showing at least IDR 2 billion (USD 123,000) in a local bank account or a certificate proving ownership of real estate in Indonesia
- 4 x 6 cm colour photographs of all participants on a white background
- Investor's resume, including a professional curriculum vitae
- Marriage and/or children's birth certificates (if applicable)
Costs for an investor in Indonesia: minimum amount from USD 123,000
The following costs are associated with the issuance of an investment residence permit:
Expenses | Deposit in the Bank of the Republic | Real estate investment |
Minimum investment amount |
IDR 2 billion (USD 123,000) |
IDR 2 billion (USD 123,000) |
Visa application fees |
IDR 21 million (USD 1,300) |
IDR 21 million (USD 185,300) |
Real estate transfer fee |
– |
5% of property value |
VAT on real estate investment from the developer |
– |
11% of property value |
Please note that the fees may change over time.
Real estate must remain in the ownership of the foreigner as long as they and their relatives reside in the country. A similar rule applies to funds deposited in a local bank—they cannot be withdrawn from the account.
Countries whose citizens can obtain a residence permit in Indonesia
Citizens of any country can apply for the programme, including:
- Russia
- Ukraine
- United States
- Canada
- United Kingdom.