Indonesia Golden Visa – Investment Visa – Type E28C

What is the Indonesia Golden Visa (E28C)?

The Indonesia Golden Visa E28C is a long-term passive investment visa offering foreign nationals renewable 5- or 10-year residence permits in Indonesia. It allows investors and their families to live, invest, and conduct business in Indonesia without any language, education, or employment requirements. There is no physical presence requirement, the application is submitted entirely online with no interview, and an e-VISA and Re-Entry Permit are issued automatically upon arrival. The visa does not automatically lead to permanent residency or citizenship.

What are the investment options and thresholds for the Indonesia Golden Visa?

There are 2 tiers. For a 5-year permit, investors must invest at least USD $350,000 in government bonds, publicly traded shares listed on the Indonesian Stock Exchange (IDX), or mutual funds. For a 10-year permit, investors must invest at least USD $700,000 in government bonds or IDX-listed options, or purchase a residential apartment worth at least USD $1,000,000. The investment must be maintained for the full duration of the visa — early withdrawal without reinvestment into another qualifying asset may result in visa cancellation. The investment capital must be placed within 90 days of entering Indonesia.

What are the financial eligibility requirements for the Indonesia Golden Visa?

In addition to the qualifying investment, applicants must demonstrate financial independence through either a minimum overseas income of USD $5,000 per month or equivalent savings sufficient to cover the visa duration. Applicants must also open an Indonesian bank account (required for government bond purchases) or broker account (for share and mutual fund investments), and submit proof of the qualifying investment to Indonesian immigration authorities within 90 days of arrival.

What documents are required for the Indonesia Golden Visa application?

Required documents include: a valid passport with at least 6 months of remaining validity, a clean criminal and immigration record, a signed investment commitment letter, a travel itinerary and proof of accommodation or local address in Indonesia, evidence of financial capacity such as bank or investment statements, proof of financial independence (minimum USD $5,000/month income or equivalent savings), and comprehensive health insurance covering the period of stay.

Can I include my family in the Indonesia Golden Visa application?

Yes. A spouse and dependent children under 18 are automatically eligible for dependent visas. No additional qualifying investment is required for dependents, though separate government fees apply for each dependent visa. Dependent visas are issued alongside the main applicant's visa upon entry to Indonesia.

Are there nationality restrictions for the Indonesia Golden Visa?

Most foreign nationals are eligible. However, nationals from Afghanistan, Cameroon, Guinea, Israel, Liberia, Nigeria, North Korea, and Somalia require additional immigration clearance before the application can proceed. All applicants must have a clean criminal and immigration record.

How long does the Indonesia Golden Visa process take?

The initial online visa approval typically takes 5 to 15 working days. The full process — including banking and brokerage account onboarding and investment placement — takes approximately 2 to 3 months. The application is submitted entirely online with no interview or physical lodgment required. Upon arrival in Indonesia, the e-VISA and Re-Entry Permit are issued automatically at the airport. The electronic Limited Stay Permit (e-ITAS) is also issued electronically, with a physical ITAS card available optionally.

Can I work or operate a business in Indonesia with the Golden Visa?

The Indonesia Golden Visa allows investment and business activities in Indonesia. However, direct employment with an Indonesian company as an employee requires a separate work permit and employer sponsorship — it is not covered by the E28C visa. The visa is designed for investors and business owners rather than salaried employees.

What are the tax implications of living in Indonesia on the Golden Visa?

If a Golden Visa holder resides in Indonesia for 183 days or more within any 12-month period, they become an Indonesian tax resident and their worldwide income may be subject to Indonesian taxation. Investors who wish to maintain their time in Indonesia below this threshold can avoid triggering tax residency. Professional international tax planning is strongly recommended before making the investment.

Can the Indonesia Golden Visa be renewed or upgraded?

Yes. The visa can be renewed provided the qualifying investment threshold is maintained at the time of renewal. A 5-year visa can also be upgraded to a 10-year visa by meeting the higher investment threshold of USD $700,000 in financial assets or USD $1,000,000 in residential property. Additional investments can be made at any time during the visa period, provided the original qualifying amount remains in place.

Does the Indonesia Golden Visa lead to permanent residency or citizenship?

No. The Indonesia Golden Visa E28C does not automatically lead to permanent residency or citizenship. Indonesian citizenship is discretionary, exceptionally rare for foreign nationals, and typically requires many years of continuous residence and strong demonstrable ties to Indonesia. The E28C is a long-term renewable residency solution rather than a pathway to citizenship, and applicants seeking a citizenship pathway should consider other programs such as those offered in the Caribbean or Europe.