Golden visa to Bali: a new program for investors
Indonesia has introduced an interesting new initiative called the Golden Visa, aimed at attracting foreign investment. This program offers foreign nationals the opportunity to obtain a residence permit in Bali in particular. Find out more about the prerequisites, benefits of a golden visa to Bali and the amount of investment to obtain
Bali is the tourist gem of Indonesia and one of the most desirable places in the world to move to. The country is actively accepting temporary expats and digital nomads, but the state's migration laws regarding moving to long-term or permanent residence are quite confusing.
Currently, the Government of Indonesia is working on simplifying the immigration policy and attracting business to the country. By the end of 2023, the state plans to launch a new program for investors - the "golden visa".
What are the conditions of the "golden visa to Bali" and when will the program start? We tell in more detail in our material.
Prerequisites for launching the golden visa program in Indonesia
The reason for the launch of the investment visa to Indonesia was the goal of the country's government to create 4.4 million new jobs by the end of 2024. The permit is designed to attract talented entrepreneurs from all over the world to the state. Focus on healthcare, research and technology.
The initiative was announced during the G20 summit in Bali last year.
Advantages of the golden visa in Bali
Applicants who will participate in the "golden visa" investment program will be able to obtain a permanent residence permit for 5 or 10 years. Investors will reportedly have the following benefits:
1. The right to own real estate in Bali.
Bali is a great place to buy property for both a second home and an investment, as the island is not only a good place to live, it is also ranked 4th in the world for investment attractiveness.
Real estate in Bali has one of the highest yields in the world. On average, 15% per year, without taking into account the increase in the cost of housing. For comparison, the average real estate yield in the world is 5%. The cost of rent on the island increases by 15-20% per year on average. Purchased housing can be repaid in 5-6 years.
One of the key trends in the Bali real estate market is the growing demand for luxury properties. You can also get the maximum profit if you buy housing during the construction stage. However, in this case, it is important to choose a reliable developer, check the availability of permits, etc.
The international developer ANTA Group offers to invest in premium apartments. ANTA Residence Canggu is a 5* category complex with a unique infrastructure, in the most fashionable location in Bali, on the main street of Canggu - Batu Bolong and 7 minutes from the Indian Ocean.
We talked in detail about the advantages of investing in real estate in Bali in this article.
2. The right to multiple entry and exit from Indonesia.
3. Simplified procedure for obtaining visas.
4. Fast track to Indonesian citizenship.
When will the golden visa program start in Indonesia?
Initially, the "golden visa in Indonesia" program was planned to be launched in June 2023, but due to certain administrative difficulties, the launch was postponed. Currently, the start of the project is expected by the end of 2023.
Amount of investment for obtaining a golden visa to Indonesia
Two types of attachments are available for obtaining a "golden visa":
1. Starting a business in Indonesia:
- residence permit for 5 years - amount of authorized capital from 2.5 million dollars;
- visa for 10 years - investment amount from 5 million dollars.
For corporate investors, the investment amount must exceed $25 million to obtain a five-year visa or $50 million to obtain a 10-year permit.
2. Purchase of government bonds in Indonesia - investment amount from 350,000 to 700,000 US dollars.
What other types of long-term residence permits are available in Indonesia?
- Visa for permanent residence in Indonesia
This permit can also be issued for 5 or 10 years. Applicants are required to provide proof of income outside of Indonesia, as well as to show their savings - provide a bank statement where the amount in the account must exceed 2 billion Indonesian rupiah (about 130,537 US dollars).
The visa is aimed at retirees and investors who plan to buy real estate in Indonesia.
- Visa for digital nomads
Freelancers who choose Indonesia as their country of temporary residence apply for a B211a visa, which allows remote workers to stay in the country for six months. However, the Government of Indonesia is currently developing a five-year residence permit for digital nomads.
- Visa on arrival
The permit gives the right to stay in the country for 30 days, it can also be extended once for 30 days. The registration fee is 500,000 Indonesian rupiah (US$32).
Bali is a fabulous place that attracts expats from different parts of the world. However, when moving to the province, it is important to follow certain rules: travelers must have official rights to drive scooters, live only in official and registered housing, and avoid fighting in the street, do not touch sacred trees, wear modest clothes to the temple, and do not interrupt traditional ceremonies.
Daria Rogova, Head of Insurance at Visit World
To move, travel or work safely in a new country, you will need health insurance. You can apply for an extended policy on our website here.
Products from Visit World for a comfortable trip:
Checklist for obtaining a visa and necessary documents for Bali;
Legal advice on immigration issues in Bali;
Travel insurance for foreigners in Bali;
Medical insurance all over the world.
More articles on the topic:
The best countries for investment in 2023 - find here.
Investing in foreign real estate: everything you need to know.
Golden rules of investing: what to look for for successful investments.
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