BAli business consulting - SECOND HOME VISA
(Available only for offshore)
WHAT IS A SECOND HOME VISA
With Circular Number IMI-0740. GR.01.01 of 2022, issued by the Directorate General of Immigration in October 2022, Indonesia’s Second Home Visas and Limited Stay Permits are finally available for application. This latest addition to the country’s immigration policy allows foreigners to stay in Indonesian territory for 5 (five) to 10 (ten) years. A second home visa is a non-work visa granted to foreigners and their families who want to live permanently in Indonesia. Non-work visa activities include investing (not written in notary paperwork as an investor), tourism visits, and retirement.
WHO CAN APPLY
Any foreigner who fulfills the requirements and is at least 19 years old may apply for a second home visa.
WHAT ARE THE REQUIREMENTS
Requirements for Second Home Visa holder:
1. Passport with validity minimum 36 months;
2. Sign of letter statement commitment to stating proof of fund will be provided by the applicant with a minimum balance of IDR2,000,000,000 or equivalent to US$150,000 / property (Hak Pakai) of IDR5,000,000,000 / apartment of IDR2,000,000,000;
3. Passport-sized photo (4x6cm, white background);
4. CV (curriculum vitae).
Requirements for a family visa (dependant) under a second home visa holder:
1. Passport with validity minimum 36 months;
2. Passport-sized photo (4x6cm, white background);
3. Scanned e-visa of the second home visa holder;
4. Proof of relationship with the second home visa holder such as marriage certificate in English, birth certificate in English, and family card in English (this means families such as wife, kids, and parents can apply).
HOW IS THE PROCESS
1. Collecting all the data and submitting a user visa registration online take 1-3 working day;
2. E-visa processing takes 7-10 working days;
3. Once the e-visa is ready, you can use it to enter Indonesia; entrance at the airport is through the ITAS section. Your picture will be taken at the airport, and you will get your ITAS immediately;
4. Airport immigration will stamp your passport stating you must provide proof of fund/property within 90 days;
5. We can assist you in making a state-owned bank account (BNI, BRI, Mandiri Bank) where you will transfer your fund in the amount equal to US$150,000 and show it to immigration as proof of fund. You can put this money in a regular account and use it. However, when there’s a notification of checking from immigration, make sure the balance on the account is still equal to US$150,000;
6. For proof of property, you only need to show an Hak Pakai;
7. In case of a foreigner cannot show proof of fund/property in an Indonesian state-owned bank within 90 days, the ITAS will be canceled by the immigration.
HOW MUCH IS THE PRICE
1. Second Home ITAS (5 years) with multiple reentry permit (2 years): IDR30,000,000
2. Second Home Family ITAS (5 years) with multiple reentry permit (2 years): IDR25,000,000
3. Extensions must be done 3 months before expiration and will be valid for another 5 years
Note: the multiple reentry permit must be reapplied every 2 years with a cost of IDR2,000,000