I think you are mistaken , when you got the E28A Visa/KITAS around 2 years ago it already required Rp10 billion (see below) .... Just remembered during the processing 2 years ago, the Kitas sponsor just required 1 billion instead or 10 billion which they increased in December 2024.
How can they just increase a 10 folds and expect us to hit realization this quick
The Regulation was revised in Apr 2024 but the change was only the addition of the item (6) , see below .
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Article 38 of PerMen no.22 Year 2023 (Aug 2023)
(1) Applications for a temporary residence visa for foreigner conducting activities as investors for a maximum stay of 2 years ... must be submitted by ... attaching:
a. a passport valid for at least 6 months;
b. proof of guarantee from the guarantor;
....
(2) Other documents :
a. Proof of share ownership of at least IDR 10,000,000,000.00 (ten billion rupiah) or the equivalent as listed in the data of the ministry or institution in the investment sector;
....
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Article 38 of PerMen no.11 Year 2024 (Apr 2024)
(6) If the company has not been established for more than 2 (two) months, the requirements in the form of the company's bank statements for the last 2 (two) months ... must be submitted to the Immigration Office within 90 (ninety) days after the KITAS is issued.
