Indonesia · Residency by investment
Golden Visa
Open. Launched in 2023–2024 under Ministry of Law and Human Rights regulations. The thresholds below are drawn from secondary sources and the Fragomen/UNCTAD summaries. Confirm against the current Directorate General of Immigration regulation before acting, since tiers have been adjusted since launch.
Indonesia's Golden Visa is competitively priced for the region, and the 90-day deployment window is workable. But the tax analysis usually kills it for UHNW families. Cross 183 days and Indonesia taxes your worldwide income at up to 35%, with CFC rules attached. The visa works best for families who will not become tax resident.
Qualifying routes
USD 350,000 in Indonesian government bonds, IDX-listed shares, or mutual funds
USD 700,000 in government bonds or IDX-listed instruments. Alternatively, a residential apartment worth at least USD 1,000,000
USD 2.5m to establish a company in Indonesia
USD 5m to establish a company in Indonesia
USD 25m for 5-year visas, USD 50m for 10-year visas, for the company's directors and commissioners
Reduced corporate thresholds apply within the new capital zone: USD 5m for 5 years and USD 10m for 10 years
The facts
- Minimum investment
- $350k
- Total landed cost
- USD 350,000 minimum committed investment, to be deployed within 90 days of entry, plus government and legal fees typically USD 5–20k
- Route type
- Residency by investment
- Timeline
- 1–4 months (Reported as fast, with an e-visa system)
- Physical presence
- There is no minimum stay to keep the visa. But spend 183 days or more in the country and you become an Indonesian tax resident on your worldwide income.
- Family
- SpouseDependent children under 18 qualify with no additional investment required, though separate fees apply
- Permanent residency
- The 10-year visa functions as long-term residence. A formal ITAP permanent stay permit is a separate track.
- Citizenship
- There is no realistic route. Indonesian naturalisation requires 5+ years of continuous residence, Indonesian language, and renunciation of other citizenships.
- Language test
- Indonesian language is required for naturalisation.
- Dual citizenship
- Not permitted. You would have to renounce.
- Requirements
- A qualifying investment at the tier level, in government bonds, IDX-listed shares, mutual funds, property or a companyInvestment placed within 90 days of entry and maintainedProof of financial independence, reported at USD 5,000/month or the equivalent in savingsClean criminal record, and a valid passport with 6+ months validity
- Stay 183 days or more and you become tax resident on your worldwide income, at up to 35%, with CFC rules in force. That is the opposite of what you get in Malaysia, Singapore, Thailand with an LTR visa, or Hong Kong. Do not confuse a long-stay visa with a tax outcome.
- The investment must be placed within 90 days of entry and maintained for the visa's duration. Withdraw early without a qualifying reinvestment and the visa can be cancelled.
- Applicants must also show financial independence. That is reported at USD 5,000 per month of overseas income, or the equivalent in savings.
- Foreign nationals cannot own freehold land in Indonesia. The USD 1m apartment route runs through a Hak Pakai, or right of use, structure, not freehold. Nominee arrangements designed to get around this are void and are routinely litigated.
- The tier structure has changed since launch, and the figures in circulation vary. Check the current immigration regulation before you rely on any of them.
- Indonesian bureaucracy and enforcement are inconsistent. The gap between what the regulation says and what happens at the counter is real.