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 for individual investors is the residency-by-investment route for people who invest in Indonesia directly in their own name, without setting up a company. In regulatory language this is the E28C Golden Visa route for foreign individual investors who place qualifying assets at or above the thresholds set in Permenkumham 22/2023 as amended by Permenkumham 11/2024 and PMK 82/2023.
This page is written from those primary texts and Directorate General of Immigration releases, not from marketing decks. Every figure is date-stamped and sourceable; where the government has changed or not fully clarified a point, it is flagged. This is information, not advice, with vetted partners who can execute if you choose to proceed.
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## What is the Indonesia Golden Visa for Individual Investors?
Indonesia’s individual investor golden visa route (individual investor golden visa indonesia) is a long-stay visa and limited stay permit (ITAS) that you obtain by:
– Investing a specified amount in Indonesia in your personal name (no PT/PMA needed), and
– Meeting character, criminal-record, and financial capability checks.
The visa code most commonly referenced in practice is **E28C golden visa** (sub-class: foreign individual investor). You receive:
– A 5-year or 10-year visa/ITAS (depending on investment size)
– Multiple-entry facility
– In-principle exemption from needing a local sponsor
You do **not** receive citizenship, you do **not** automatically become tax resident, and approval is **never** guaranteed.
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## Regulatory basis (why we say what we say)
Key sources used for this page:
– **Permenkumham 22/2023** – Menteri Hukum dan HAM regulation on Visa and Stay Permit (Golden Visa framework)
– **Permenkumham 11/2024** – amendment to Permenkumham 22/2023 (fine-tunes categories, clarifies some thresholds/routes)
– **PMK 82/2023** – Ministry of Finance regulation on non-tax state revenue for immigration services (visa fees)
– Press releases & FAQs from the **Directorate General of Immigration** (Ditjen Imigrasi) through 15 June 2026
All amounts and routes in this article are **last checked 15 June 2026**. If you are reading this later, re-verify before acting.
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## Core tiers: how much do you need to invest?
The government draws a bright line between:
– **Individual investor route** – invest personally, often in state securities or qualifying financial instruments
– **Company / founder route** – invest via or into a PT PMA (foreign investment company)
This page only covers the **individual investor golden visa indonesia** route.
Below is a fact-level summary of the most-used individual tiers. Amounts are in US dollars, as used in the regulations and official communications.
> **Important:** The Ministry has adjusted labels, but the underlying logic – higher investment = longer stay – is consistent. Where a number is not written explicitly in a regulation article but confirmed in official releases, it is flagged [VERIFY].
| Tier | Stay Length | Minimum Personal Investment | Asset Types | Sources |
|---|---|---|---|---|
| Individual Investor – 5 years | Up to 5-year golden visa / ITAS | USD 350,000 [VERIFY, policy-line from Ditjen Imigrasi press materials; amount structure anchored in Permenkumham 22/2023 + 11/2024] | Government bonds / state securities and other qualifying instruments specified in implementing decisions | Permenkumham 22/2023, Permenkumham 11/2024, Ditjen Imigrasi releases through June 2026 |
| Individual Investor – 10 years | Up to 10-year golden visa / ITAS | USD 700,000 [VERIFY, policy-line from Ditjen Imigrasi press materials; amount structure anchored in Permenkumham 22/2023 + 11/2024] | Same asset universe, with larger minimum balance requirement | Permenkumham 22/2023, Permenkumham 11/2024, Ditjen Imigrasi releases through June 2026 |
Two points that often get muddled on consultancy pages:
1. **These individual thresholds are distinct from the “founder / company” route.** Many sites quote USD 2.5m / 5m – that is the route where you establish or invest into a PT PMA, not the individual-investor route this page is about.
2. **Investment must generally be maintained:** if you liquidate below the minimum during the permit period, Immigration can revoke or refuse renewal.
If you need help validating the latest exact numbers or matching them to your situation, you can plan your trip with us via email or WhatsApp; we keep live copies of the underlying regulations and implementing decisions.
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## What counts as an “investment” for the individual route?
The regulations themselves (Permenkumham 22/2023 as amended by 11/2024) anchor the concept; the operational detail is fleshed out in Ministry and Immigration decisions.
For individual investors:
– **Primary instruments:**
– Indonesian government debt instruments (Surat Berharga Negara / SBN), such as bonds issued by the Ministry of Finance
– Other financial investments designated in implementing rules and coordinated with OJK/BI [VERIFY on scope before committing]
– **In your personal name:**
– The account or custody arrangement must clearly show you as beneficial owner
– Joint accounts and complex structures may require additional explanation
– **Non-qualifying or edge cases:**
– Residential property purchased in your individual name alone is **not**, by default, treated as fulfilling the “individual investor” golden visa quota, unless it is explicitly part of an approved scheme [VERIFY per project/ministerial decision].
– Passive bank deposits alone are not the intended target but may, in some structures, be used in combination with designated instruments. This is policy-sensitive; confirm case-by-case.
The regulator’s direction of travel across 2023–2026 has been to:
– Steer individual investors into **transparent, easy-to-audit instruments**, mainly SBN; and
– Reserve “economic activity” thresholds (job creation, operating companies) for the PT PMA founder/investor route.
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## Eligibility criteria beyond the money
The investment amount is necessary but not sufficient. Under Permenkumham 22/2023 and its 2024 amendment, you must also:
– Be a citizen of a country that Indonesia is currently willing to issue visas to (country lists can move with foreign policy)
– Have a **valid passport** (typically ≥ 6–12 months validity at the time of application, depending on sub-route)
– Provide:
– **Proof of investment commitment or placement** at the required level
– **Clean criminal record certificate** from your country of citizenship and/or residence for the last several years
– **Statement of good conduct / no threat to public order**
– **Health insurance** that covers your stay in Indonesia
– **Proof of financial capacity** beyond the investment if requested (to show you can support yourself and dependants)
You must also:
– Consent to **background checks** (including Interpol and domestic watchlists)
– Not be on any Indonesian immigration blacklist
None of these items guarantee approval; Immigration retains a discretionary security and suitability filter even if the investment is in place.
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## Costs: government fees vs. advisory / banking fees
Rules on government fees are anchored in **PMK 82/2023**. Advisory, banking, and custodian costs are market-driven; they are not regulated.
### 1. Government fees (visa and stay permit)
PMK 82/2023 sets the **non-tax state revenue (PNBP)** tariffs for:
– Golden visa application
– Limited stay permit issuance
– Re-entry / multiple-entry facilities
Because the Ministry periodically updates the actual numbers and has the right to adjust in practice (e.g. bundles a visa and ITAS issuance into one payment on online systems), you should treat figures from old PDFs and Google results with care.
As of **15 June 2026**, our reading of PMK 82/2023 and live system checks show:
– **Golden visa application and ITAS issuance:** typically **several million rupiah in total** per applicant, varying by length (5-year vs 10-year) and where processing occurs (overseas representative office vs in-country conversion).
– **KITAS card and biometrics:** additional but modest government fees (hundreds of thousands of rupiah range).
We do **not** quote hard rupiah numbers here because:
– Immigration sometimes introduces new “service” lines without updating the core PMK text immediately
– Different embassies/consulates may apply rounded figures when collecting locally
Treat any fixed rupiah quote you see online as **[VERIFY]** and cross-check against the latest PNBP list or with our team.
### 2. Bank, custodian and product costs
For the individual investor golden visa indonesia route, your main non-government costs are around the investment itself:
– **Brokerage / placement fees:** buying Indonesian government bonds or other instruments via a bank or broker
– **Custody and account fees:** annual or monthly
– **Currency conversion and transfer fees:** if you move funds into IDR from USD/EUR/etc.
Indicative ranges we see in practice (last verified June 2026, all **approximate** and may differ for private banking clients):
– Government bond purchase spread / fee: often embedded in yield; explicit fees, if any, commonly **0–1% of notional** [VERIFY]
– Custody: can range from **0.1–0.5% per year** of asset value or flat fees depending on institution [VERIFY]
– FX/spread: varies widely across banks and volumes
These numbers are **not** regulated by Permenkumham 22/2023 or PMK 82/2023: they are commercial. If you work with our vetted partners, they may pay Golden Visa Indonesia a referral fee at no extra cost to you; no one can pay to change what we publish.
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## Application path: step-by-step overview
Exact flows can differ slightly depending on which embassy/representative or online portal you use, but the backbone under Permenkumham 22/2023 and its amendment looks like this:
### 1. Structuring and pre-check
– Confirm you are using the **individual investor (no company)** route, not a PT PMA founder route.
– Decide whether you are targeting a **5-year (USD 350k [VERIFY])** or **10-year (USD 700k [VERIFY])** golden visa.
– Select your **financial institution(s)** for SBN or other qualifying instruments.
– Obtain indicative term sheets and understand the lock-up/ liquidity implications.
This is where most investors engage advisors – immigration, legal, and banking – to avoid misalignment between what Immigration accepts and what a bank is willing to do in practice.
### 2. Investment placement or escrow arrangement
The regulator wants to see either:
– Actual investment placed (e.g. SBN purchased, in your name), or
– A strong, legally binding commitment/escrow arrangement that is acceptable to Immigration.
Which of those two is acceptable at a given time is an implementation question that has shifted as the Golden Visa program matures. As of mid-2026, for SBN routes, **placement prior to final approval is strongly preferred**; you should [VERIFY] the current practice before transferring.
### 3. Online golden visa application
You or your representative submit via the **Ditjen Imigrasi online system**:
– Personal details
– Passport scan
– Criminal record certificate(s)
– Evidence of investment (statements, confirmations)
– Health insurance proof
– Any required supporting letters
You then pay the **PNBP fee** per PMK 82/2023 through the designated payment channels.
### 4. Background checks and decision
Immigration coordinates:
– Security and watchlist checks
– Validity of investment documentation (and, where needed, confirmation with the Ministry of Finance / financial institutions)
Processing times have varied as the program “beds in”. Reported ranges we see (June 2026) are **several weeks to a few months** from complete file to decision, but this is **not guaranteed** and is not fixed in the regulations.
Outcomes:
– **Approved:** you receive a visa approval letter / authorization to issue
– **Request for more information:** additional documents or clarifications
– **Refused:** reasons may be general (security, policy) and not always fully elaborated
No agent or advisor can guarantee approval.
### 5. Visa issuance and entry
If you applied from abroad:
– An Indonesian embassy/consulate or e-visa system issues the **Golden Visa** (E28C) based on the approval.
– You enter Indonesia using this visa, and it is usually configured to activate your **ITAS** (limited stay permit) on arrival or via a follow-up process.
If you are already in Indonesia on another status, under some circumstances a **status conversion** to Golden Visa is possible, but this is more complex and strongly [VERIFY] territory.
### 6. Biometric capture and documents
On or after arrival:
– You attend an immigration office for **photos, fingerprints, and biometrics**.
– Your **ITAS** and associated documentation (card or digital proof) is issued.
Your 5- or 10-year clock then starts per the validity stated on the permit.
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## Renewal, compliance and losing the visa
The golden visa is not a one-off ticket you can forget about. Under Permenkumham 22/2023 and 11/2024, Immigration can revoke or decline renewal if:
– Your **investment value drops below the threshold** and you do not correct it within the time given.
– You commit a **criminal offense** in Indonesia or abroad that makes you ineligible.
– You are found to have provided **false or misleading information** in the application.
– You violate **public order, public health, or immigration laws** (e.g. working in a way not permitted by your status).
At renewal (after 5 or 10 years), expect:
– Proof that you have **maintained the investment** at or above the required level.
– Updated background checks and financial capability assessment.
There is no automatic path to permanent stay or citizenship written into the golden visa regulations. Those require separate legal analysis under nationality and long-term stay rules.
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## Tax: does holding a Golden Visa make you tax resident?
This is the area where marketing content worldwide is often the least precise. In Indonesia, **tax residency is not created by the visa sticker**. It is defined by the **Income Tax Law**, not by Permenkumham 22/2023.
The key tests used in practice (simplified):
– **Physical presence:** you are in Indonesia for **more than 183 days** in any 12-month period; or
– **Center of vital interests / intention:** you are present for less than 183 days but you form the intention to reside in Indonesia (e.g. you move your home and primary economic interests here).
Owning an Indonesia golden visa for individual investors:
– **Enables** long-term residence.
– Does **not itself** create tax residency on day one.
Once you become Indonesian tax resident:
– You are generally subject to **Indonesian tax on worldwide income**, subject to any transitional regimes and tax treaties.
– You may be able to use **foreign tax credits** and other treaty protections, but those are case-specific.
The government has, in recent years, introduced some **transitional or preferential regimes** for certain new high-net-worth tax residents, but the details have moved with law changes and practice and are not codified in the Golden Visa regulation itself. Treat any “X% flat tax if you have a Golden Visa” claims you see online as **[VERIFY]** and get formal tax advice.
If you are considering relocating your tax residency to Indonesia on the back of an E28C golden visa, discuss your full cross-border picture with a qualified tax advisor. We coordinate with specialist tax partners; you can plan your trip and ask for a WhatsApp consultation.
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## Common pitfalls for individual investors
From reading the regulations and watching early cases, several recurring friction points appear:
– **Mixing up routes:** many applicants are told to “start a company” when they only need the individual-investor route, or vice versa. The documentation and thresholds are different.
– **Using non-qualifying assets:** some investors buy property or hold general mutual funds assuming they qualify automatically. Unless tied to a specific approved scheme, they often don’t.
– **Underestimating lock-up or market risk:** SBN and other instruments move in value. You need to plan capacity to top up if markets move and your balance dips below the minimum.
– **Relying on old or unsourced numbers:** thresholds and fee structures have evolved since mid-2023. Always tie any figure to a regulation article or a dated official release.
– **Assuming “residency = tax residency” or “residency ≠ tax residency” blindly:** the actual tax-residence outcome depends on your days, ties, and behavior, not the visa label.
Golden Visa Indonesia’s role is to keep the regulatory map clean and current. We do not promise approvals; we do stand by our citations.
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## FAQs: Indonesia Golden Visa for Individual Investors
Is the Indonesia Golden Visa for individual investors different from the company founder route?
Yes. The individual investor golden visa Indonesia route is for people investing personally, typically in government bonds or designated financial instruments, without forming a PT PMA. The company founder route requires establishing or investing into a foreign investment company with higher capital thresholds and business-plan obligations.
What is the minimum investment for a 5-year and 10-year individual Golden Visa?
Policy communications through June 2026 point to USD 350,000 for a 5-year and USD 700,000 for a 10-year E28C Golden Visa in the individual route, mainly in Indonesian state securities. These figures are consistent with the structure in Permenkumham 22/2023 and 11/2024 but should be treated as [VERIFY] against current official guidance before you commit funds.
Can I use Indonesian property purchases to qualify as an individual investor?
Not by default. The core individual investor framework focuses on government bonds and specified financial instruments. Property may only count if it is part of an officially approved scheme tied into the Golden Visa program, which is project- and time-specific and must be verified against ministerial or implementing decisions.
Does holding an E28C Golden Visa automatically make me an Indonesian tax resident?
No. Tax residency is determined by Indonesia’s tax laws (mainly day-count and center-of-life tests), not by the visa type. You can hold a Golden Visa without immediately becoming tax resident if you do not meet those tests, but sustained long-term presence typically will make you tax resident. Obtain bespoke tax advice before changing your pattern of stay.
Can Golden Visa Indonesia guarantee my Golden Visa will be approved?
No. Only the Directorate General of Immigration can approve or refuse a Golden Visa. Advisors can help you align with the regulations and prepare a complete file, but they cannot override security, suitability, or policy decisions. Our commitment is to accurate, regulation-sourced information; if you proceed with our partner they may pay us a referral fee at no extra cost to you, and no one can pay to change what we publish.