Information, not advice: Golden Visa Indonesia is an independent editorial guide — not the Government of Indonesia, not the Directorate General of Immigration, and not a law firm or licensed adviser. Thresholds are USD-set, IDR-monitored, change by regulation, and apply case-by-case; figures are "last verified June 2026" — confirm at the e-Visa portal (evisa.imigrasi.go.id) and with licensed Indonesian immigration/tax counsel before acting. We never promise approval. If you engage a partner we introduce, that partner may pay us a referral fee at no cost to you.
Indonesia Golden Visa vs Second Home Visa is, at its core, a choice between a capital‑based “investor/strategic talent” residence permit and a purely deposit/property‑based stay permit for non-working long stays. This page walks through the real regulatory differences, costs, and trade‑offs so you can decide which Indonesia long stay visa fits your situation.
Quick definition: Golden Visa vs Second Home Visa Indonesia
Indonesia currently offers two headline long‑stay options for foreigners who want to live in the country without immediately taking a local job:
- Golden Visa Indonesia – A 5‑ or 10‑year stay permit tied to investment or strategic contribution. Available for:
- Individual investors
- Corporate investors and executives
- “World figures” / high‑skill individuals / philanthropists
- Second Home Visa Indonesia – A 5‑ or 10‑year stay permit tied to proof of wealth, historically via an Indonesian bank deposit or luxury property ownership, and framed for retirees, lifestyle movers and financially independent individuals.
Both are “residence‑like” permits, not permanent residence and not a path to citizenship by default. They sit on different legal bases, require different amounts of capital, and carry different work and business rules.
All regulatory references and numbers below are last verified June 2026.
Legal basis and current status
Golden Visa Indonesia – Legal basis
Regulatory backbone (residence facilities for foreign investors / world figures):
- Permenkumham 22/2023 – “Tata Cara Pemberian Visa dan Izin Tinggal…”, introduces the Golden Visa framework.
- Permenkumham 11/2024 – Amendment that refines categories, requirements and processing rules.
- Supporting Directorate General of Immigration circulars and technical guidelines (petunjuk pelaksanaan), used by officers to implement the above.
The Golden Visa is structured as a visa followed by a limited stay permit (ITAS) with a 5‑ or 10‑year validity, renewable subject to rules in force at the time.
Second Home Visa – Legal basis
The Second Home Visa sits on a slightly different stack:
- Initial launch via Circular Letter of the Directorate General of Immigration No. IMI-0740.GR.01.01 of 2022 introducing the “Second Home” concept.
- Implementation within the broader framework of Permenkumham 22/2023 (general visa/ITAS rules) and follow‑up technical regulations.
- Financial conditions based on Ministry of Finance regulation PMK 82/2023 on immigration non‑tax state revenue (PNBP); this governs official fees, not capital thresholds, but is often cited together.
Second Home rules have been tweaked several times since 2022. Some older articles still cite now‑legacy deposit thresholds; those are flagged below as [LEGACY – VERIFY LOCALLY] so you can check what your agent or lawyer is using in their pitch.
Side‑by‑side: Key differences Golden Visa vs Second Home Indonesia
| Aspect | Golden Visa Indonesia | Second Home Visa Indonesia |
|---|---|---|
| Core purpose | Attract capital & strategic talent (investors, founders, executives, world‑class experts). | Allow wealthy individuals (retirees, lifestyle movers, financially independent persons) to live long‑term without working locally. |
| Legal basis | Permenkumham 22/2023 as amended by 11/2024; DG Immigration technical guidelines. | DG Immigration Second Home circular (2022) + Permenkumham 22/2023 framework. |
| Capital / deposit condition | Minimum investment in Indonesia (company shares, government bonds, bank deposit, etc.), amount depends on category. Exact thresholds in USD/IDR defined in internal immigration schedules; agents often quote bands in the mid‑six to low‑seven figures in USD. [CHECK CURRENT SCHEDULE – last verified June 2026] | Historically: proof of funds or luxury property (often cited around IDR 2 billion+ in a local bank or property). Several of these numbers are [LEGACY – VERIFY LOCALLY] as the deposit stipulation has been under review in 2024–2026. |
| Official visa / ITAS fees | Governed by PMK 82/2023 for multi‑year ITAS; Golden Visa carries a premium fee tier versus standard KITAS. Payable in IDR at prevailing rate. [Ask for a current fee quote – last verified June 2026] | Also under PMK 82/2023, using the Second Home fee line. Typically lower than Golden Visa total fee outlay over five years. |
| Duration | 5‑year or 10‑year ITAS issued from day one, renewable if conditions remain met and regulations still provide for renewal. | 5‑year or 10‑year ITAS options, historically starting with 5 years with potential extension depending on continued eligibility. |
| Work rights (formal employment) | Generally no direct right to take a local employee role. However, investors / executives can work in their invested company if the company obtains the correct work permits (IMTA/RPTKA or its successor regime). The Golden Visa itself is a stay facility, not a blanket work permit. | Does not permit working for an Indonesian employer. Second Home is framed as a non‑working stay; local payroll employment is not allowed. |
| Business ownership | Actively encouraged: you can hold shares in PMA (foreign‑owned) companies, sit on boards, and exercise shareholder rights, subject to sectoral restrictions. | Business ownership is allowed via separate PMA/company structures, but Second Home status itself does not add privileges versus any other foreign shareholder. |
| Family dependants | Spouse and children can usually obtain accompanying stay permits under the same Golden Visa “umbrella”, subject to documentation and fees. | Spouse and children can also be attached as dependants. No automatic work rights for dependants in either scheme. |
| Tax residency | Both can trigger Indonesian tax residency if you stay >183 days in any 12‑month period or establish “domicile”. Tax residence is a separate tax law concept, not a visa feature. | Same as Golden Visa; long stays often create tax residence. Indonesia applies a worldwide income regime with certain territorial/exemption tweaks for new residents, which have changed several times since 2024. [CHECK CURRENT DGT GUIDANCE] |
| Target user profile | HNWI investors, founders building an Indonesian base, strategic executives, and high‑profile experts/creators with clear “benefit to Indonesia”. | Retirees, remote income earners, and asset‑rich individuals wanting a long Bali / Jakarta base without active local business operations. |
| Risk profile | Higher regulatory and commercial risk: you tie significant capital and depend on both immigration and investment regulations staying favourable. | Generally simpler immigration risk; main risk is policy change on deposits/property criteria and future renewals. |
Capital, deposits, and “how much do I really need?”
Numbers in this space move. Government press conferences, internal circulars, and agents’ marketing often lag each other by months. Here is what is reasonably stable conceptually, last verified June 2026:
Golden Visa capital expectations
The Golden Visa is designed for meaningful contributions, not marginal capital. In regulatory language, you will see phrases like “penanaman modal” (capital investment) and “orang berpengaruh tingkat dunia” (world‑class figures).
Key points:
- Individual investor route – Requires:
- Setting up or buying into a foreign‑owned (PMA) company, or
- Making a defined investment in Indonesian financial instruments (e.g., government bonds, time deposits, or similar).
The required investment band often starts in the mid six figures in USD (high hundreds of thousands) and rises from there for a 10‑year facility. Amounts are expressed in USD in many schedules but paid/verified in IDR equivalent.
- Corporate / C‑suite route – The company invests a defined minimum; qualifying executives receive multi‑year stay permits as part of that investment package.
- World figure / talent route – Emphasis is less on financial investment, more on documented global achievements, IP, or philanthropic impact. Still expect to show financial capacity and, often, some level of donation or structured collaboration with Indonesian institutions.
Because the official threshold tables are periodically revised and sometimes only published via internal circular, you should:
- Ask any advisor for the exact citation or screenshot of the current Golden Visa schedule they are quoting.
- Insist that any USD figure be accompanied by:
- The IDR figure, and
- The FX assumption (kurs) and date used, as FX volatility can alter your real cost.
As a working range (not a quote), many 5‑year individual investor Golden Visa packages sit in the USD mid‑six figures equivalent, and 10‑year packages in the upper six to low seven figures equivalent, inclusive of capital plus official fees and professional costs. Those packages often bundle investment, company setup, and visa handling. [ESTIMATE ONLY – VERIFY WITH A LICENSED PROVIDER]
Second Home Visa capital / deposit expectations
The Second Home Visa has historically been marketed around a large but simple wealth test:
- Bank deposit route – A time deposit at an Indonesian bank, pledged/not moved for a defined period.
- Luxury property route – Evidence of ownership of high‑value property in Indonesia, where available. Implementation of this route has varied by region.
Legacy figures in early communications mentioned bank deposits on the order of IDR 2 billion (roughly USD 130,000–150,000 equivalent depending on FX, example only). Subsequent clarifications and drafts floated alternative thresholds and property valuations.
Because of these shifts:
- Treat any single fixed number you see online, especially from 2022–2023, as [LEGACY – VERIFY LOCALLY].
- Plan for the possibility that:
- The deposit requirement is indexed or adjusted, and
- Different immigration offices interpret property valuation evidence slightly differently.
Second Home capital demands are usually substantially lower than Golden Visa investor capital bands, but still non‑trivial for most households. It is better thought of as a “prove you are asset‑rich and won’t work” filter than an investment program.
Work, business, and “can I actually do anything?”
Can Golden Visa holders work in Indonesia?
There are two layers here:
- The immigration status (Golden Visa ITAS).
- The manpower/work authorization (RPTKA and its successors in the manpower system).
Key points:
- The Golden Visa itself is a stay facility. It does not automatically confer the right to take a salaried job as an employee of any Indonesian company.
- However, if your Golden Visa is based on:
- Your own PMA company, or
- A corporate investment where you are an appointed director/commissioner,
that company can apply for the relevant foreign worker approvals to allow you to perform clearly described roles within the company.
- You may own shares, sit on a board, and receive dividends, subject to company law and tax; this is distinct from holding a local “employee” position.
If your primary goal is to be an employee (e.g. hired by an Indonesian employer as staff), the Investor KITAS or standard Work KITAS regimes remain the more direct route than the Golden Visa.
Can Second Home Visa holders work in Indonesia?
The Second Home Visa is explicitly framed for non‑working stays:
- No right to be hired locally and paid on an Indonesian payroll.
- No in‑country “freelancing” for Indonesian clients as a way around the rule – that still counts as work.
- Many holders do continue to:
- Earn overseas income (remote work, investments, pensions), and
- Own businesses in other countries,
while simply residing physically in Indonesia.
If your primary question is “which Indonesia long stay visa lets me work”, neither Golden Visa nor Second Home is a simple answer. The Golden Visa might fit if you are structuring an investment and executive role in your own company. Second Home is for non‑working residence.
Tax: residence, global income, and plan‑B thinking
When do these visas make you tax‑resident?
Indonesia’s tax residence rules come from tax law, not immigration regulations. Broadly (last verified June 2026):
- You are Indonesian tax resident if you:
- Stay in Indonesia for more than 183 days in any rolling 12‑month period, or
- Are present in Indonesia and intend to reside permanently (e.g., relocating your household).
Both the Golden Visa and the Second Home Visa enable long stays that can cross 183 days; neither automatically makes you tax‑resident on day one. It is your actual pattern of presence and “centre of vital interests” that matters.
How is income taxed?
Indonesia has progressively tightened and then partially relaxed certain rules for new foreign tax residents since 2024, including discussions of territorial treatment for offshore income under specific conditions. These rules have been modified enough that any summary risks going stale.
As of June 2026:
- Assume Indonesia generally follows a worldwide income model for tax residents, with certain exemptions/reliefs for qualifying foreign‑sourced income under specific schemes.
- Expect to file annual returns and keep documentation of offshore income and taxes paid elsewhere.
- Use the Golden Visa or Second Home as an immigration platform, then get bespoke tax advice on:
- Your global asset structure
- Double tax treaties relevant to your nationality
- Planned days in and out of Indonesia
Golden Visa investors in particular should coordinate investment structuring and tax residence timing from the beginning, not retrofit later.
Risk and policy stability
Golden Visa risk profile
Golden Visa holders face multiple layers of risk:
- Investment risk – Your chosen assets (company, bonds, deposits) can underperform, be illiquid, or face regulatory changes.
- Policy risk – Thresholds, permitted asset types, and renewal conditions can change by future regulations or internal guidelines.
- Compliance risk – Failing to maintain the required investment, misreporting, or being linked to criminal/AML issues can lead to revocation.
The upside is long duration and some prestige; the trade‑off is tying serious capital to a single jurisdiction’s evolving rulebook.
Second Home Visa risk profile
Second Home carries less commercial risk but still has policy exposure:
- Deposit/property rule changes – The government can:
- Raise or lower deposit thresholds
- Change acceptable property categories
- Alter the treatment of funds at renewal
- Programme direction – The Second Home scheme has already been revised since launch; further shifts between welcoming and restrictive stances are possible based on domestic politics.
- Bank risk – Large deposits at a single Indonesian bank concentrate counterparty risk. Diversification and bank credit assessment matter.
From a “Plan B” or “Plan C” investor perspective, Second Home is often the lower‑commitment way to secure a long stay option in Indonesia, at the cost of no work rights and ongoing wealth tests.
Who each visa actually suits
Golden Visa – Best fits
The Golden Visa usually makes sense if you:
- Plan to deploy substantial capital in Indonesia anyway (e.g., building a regional HQ, tech venture, hospitality asset, or investment portfolio) and want immigration certainty alongside.
- Are a founder or top‑level executive who needs a multi‑year base in Indonesia with some operational latitude in your own company.
- Have a global profile or unique expertise that Indonesia explicitly wants (creative industries, technology, sports, etc.), and a local partner is ready to formalize that contribution.
- Value a single multi‑year permit over renewing work/Investor KITAS every 1–2 years.
It is generally overkill if your only goal is “live in Bali for 5 years and work remotely for a foreign employer”.
Second Home – Best fits
The Second Home Visa usually makes sense if you:
- Are a retiree or financially independent (FI) individual with stable offshore income and no desire for local employment.
- Want a simple rule‑set (wealth test + fees) rather than complex corporate investment structures.
- See Indonesia as a lifestyle base (Bali, Lombok, Bandung, Jakarta) rather than an investment centre.
- Are comfortable managing your tax residence status and global reporting obligations.
For many HNWI “Plan‑B” planners, Second Home can act as an affordable, low‑friction foothold, with the option to scale up to active investments later through separate vehicles.
Process overview: from application to arrival
Golden Visa application – High level
Steps, distilled from Permenkumham 22/2023 and practice, last verified June 2026:
- Profile and route selection
- Decide if you are applying as an individual investor, corporate investor/executive, or “world figure”.
- Align your route with your real capital and activities – immigration will look for consistency.
- Investment structuring
- Set up or identify the company/asset(s) that will host your investment.
- Prepare legal documents (AoA, shareholder registers, investment agreements, bank certificates).
- Online application
- Submit via the official immigration e‑visa portal or through a licensed sponsor.
- Upload supporting documents: passport, police certificates, bank statements, investment proof, CV, letters of intent, etc.
- Background and eligibility checks
- Immigration may coordinate with other agencies (e.g., BKPM/Ministry of Investment, relevant ministries) to validate your investment and background.
- Decision & e‑visa issuance
- If approved, you receive an e‑visa that you use to enter Indonesia within its validity window.
- Conversion to ITAS & biometrics
- Upon arrival, complete biometrics, pay any remaining fees, and collect your residence documents.
Second Home Visa application – High level
Process, as implemented since the 2022 circular (with variations by office), last verified June 2026:
- Eligibility check
- Confirm your age, nationality, and that you meet the deposit/property and health insurance criteria in force at the time.
- Funds/property preparation
- Open an Indonesian bank account (where required) and prepare the deposit, or
- Gather property ownership documents (SHM/SHGB/Hak Pakai documents with translations).
- Online application
- Apply via the immigration portal or through a sponsor, attaching proof of funds or property, passport, police clearance, etc.
- Issuance & arrival
- Receive e‑visa, enter Indonesia, finalize your Second Home ITAS and biometric registration.
Neither process is “rubber stamp”. Immigration retains broad discretion to approve or refuse applications; no consultant, lawyer, or bank can guarantee approval.
If you want a sanity check on which route your scenario realistically fits, you can plan your trip with us; we can walk through options over email or WhatsApp before you speak with a licensed provider.
Cost comparison: which is actually cheaper?
Direct costs
For both visas, you face:
- Government fees – Visa, ITAS, multiple‑year charges, re‑entry permits; governed by PMK 82/2023. Paid in IDR.
- Professional fees – Agents, lawyers, tax advisors (varies widely).
- Bank / investment costs – Spreads, custody, structuring fees, and opportunity cost of tying up capital.
In most cases:
- Golden Visa – Higher all‑in cost due to:
- Large capital deployments (mid‑six to seven figures USD equivalent), and
- Premium official fees for longer‑term, preferential processing tiers.
- Second Home – Lower direct cost:
- Bank deposit or property value thresholds that are significantly below Golden Visa investment bands.
- More modest official fees over five or ten years.
Indirect and opportunity costs
- Golden Visa
- Ties capital into a single‑country exposure (Indonesia) that may or may not match your risk appetite.
- More complex reporting and compliance, especially for corporate routes.
- Second Home
- Lower capital tie‑up; more of a liquidity parking decision (deposit) or property allocation you might have made anyway.
If your objective is “minimum capital for a legal 5‑year stay”, the Second Home Visa is almost always cheaper in capital terms than the Golden Visa. If your objective is “I am investing heavily in Indonesia anyway; what is the best residence wrapper?”, the Golden Visa can be more efficient overall.
So, which Indonesia long stay visa should I consider?
Rule‑of‑thumb decision guide
Use this as a starting filter, not a final answer:
- You should explore Golden Visa first if:
- You are comfortable allocating at least mid‑six‑figure USD equivalent capital into Indonesia.
- You want a 5–10 year residence tied to your role as an investor, founder, or strategic executive.
- You are willing to manage corporate, immigration, and tax structures with professional help.
- You should explore Second Home first if:
- Your main goal is lifestyle residency, not active local business.
- You are retiring, semi‑retiring, or keeping your income base abroad.
- You prefer lower, clearer capital requirements and accept no local work rights.
As Golden Visa Indonesia, our role is to explain these trade‑offs in plain language and connect you with vetted local professionals if you decide to proceed. We are not the government, not the Directorate General of Immigration, and not a law firm. We publish information, not personal legal or tax advice. We work with licensed Indonesian immigration and tax partners for execution; no one can pay to change what we publish, and if you proceed with our partner they may pay us a referral fee at no extra cost to you.
If you are deciding between these paths and want a confidential, numbers‑first map of your options, you can plan your trip with us and request WhatsApp follow‑up for faster clarification.
FAQs: Golden Visa Indonesia vs Second Home Visa
What is the main difference between the Indonesia Golden Visa and Second Home Visa?
The Golden Visa is an investment‑ and contribution‑based residence facility for investors, executives, and world‑class talents, requiring substantial capital deployment and/or strategic value to Indonesia. The Second Home Visa is a long‑stay option for wealthy individuals who can show significant deposits or property but do not plan to work locally. Golden Visa is tied to what you do for Indonesia; Second Home is tied to your assets and non‑working status.
Which is cheaper: Indonesia Golden Visa or Second Home Visa?
In pure capital terms, the Second Home Visa is typically cheaper because its wealth test (bank deposit or property) is materially lower than Golden Visa investment thresholds, and its official fees are lower. The Golden Visa expects mid‑six‑figure USD‑equivalent or higher investment bands, plus premium fees. Exact figures change and should be confirmed against current regulations and bank offers.
Which Indonesia long stay visa lets me work?
Neither visa is a straightforward work permit. The Second Home Visa does not allow local employment. The Golden Visa allows long‑term stay and investment; work in your own or sponsoring company is possible only if that company also secures the correct foreign worker permits. If your goal is salaried employment with an Indonesian employer, a standard Work KITAS or Investor KITAS is usually more appropriate.
Does the Golden Visa or Second Home Visa lead to Indonesian permanent residence or citizenship?
Neither program is a direct route to permanent residence or citizenship. Both offer multi‑year limited stay permits (ITAS). Long‑term residence or naturalisation in Indonesia requires separate legal processes based on nationality law and future regulations; no Golden Visa or Second Home marketing can legitimately promise PR or a passport.
Can I switch from a Second Home Visa to the Golden Visa later?
Yes, in principle you can change your immigration status in Indonesia, including moving from a Second Home Visa to a Golden Visa, by meeting the full requirements of the new status and following the official change‑of‑status process. This is not automatic: you must qualify under Golden Visa rules in force at that time and go through fresh assessment. Policy, costs, and timelines may differ from what is described here, so always check current regulations before planning a switch.