What happens after 10 years? Can the Second Home Stay Permit (SHSP) holders apply for renewal or extension of another 10 years as long as the 2B fund remains in the same state-owned bank?
Do all SHSP holders entitled automatically to a KITAP (since the scheme grants 10-year residency)?
For new applicants residing outside Indonesia, do they have to come to Indonesia to open bank accounts first (before submitting their applications)? However, how can foreigners open bank accounts without KITAS or KITAP?
What happens if couple of years later you decide to move to another country? I understand you request for an EPO, how about your money in the bank? Can it be withdrawn and transferred out of the country after getting an EPO?
Is there any guarantee the program will not be replaced by another program (like ‘Retirement’ being replaced by ‘Second Home’) in the future? For example, 5 years down the road, ‘Second Home’ is suddenly replaced by ‘Second Home 2.0’, and the amount become 3B. Everybody has to convert (and deposit 1B more), or they have to pack up and leave within 90 days. It’s just not fair, the government should be allowing existing holders to stay until their permit validity runs out, without forcing a conversion or making additional requirements.
Do all SHSP holders entitled automatically to a KITAP (since the scheme grants 10-year residency)?
For new applicants residing outside Indonesia, do they have to come to Indonesia to open bank accounts first (before submitting their applications)? However, how can foreigners open bank accounts without KITAS or KITAP?
What happens if couple of years later you decide to move to another country? I understand you request for an EPO, how about your money in the bank? Can it be withdrawn and transferred out of the country after getting an EPO?
Is there any guarantee the program will not be replaced by another program (like ‘Retirement’ being replaced by ‘Second Home’) in the future? For example, 5 years down the road, ‘Second Home’ is suddenly replaced by ‘Second Home 2.0’, and the amount become 3B. Everybody has to convert (and deposit 1B more), or they have to pack up and leave within 90 days. It’s just not fair, the government should be allowing existing holders to stay until their permit validity runs out, without forcing a conversion or making additional requirements.
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