The Second Home Visa Impact on Ex-WNIs Thread

[Wally]

My Visa agent tells me that the South Jakarta immigration office is still processing retirement visas as usual and they are not expecting them to be discontinued

 

[Teabag]

My Visa agent tells me that the South Jakarta immigration office is still processing retirement visas as usual and they are not expecting them to be discontinued

As always, the left hand doesn't know what the right hand is doing. business as usual

 

[yantiharun1]

Is this for Real??

 

[snpark]

Is this for Real??

Is what for real?

 

[yantiharun1]

Is what for real?

The Second Home Visa

 

[Banana72]

The Second Home Visa

Real....but many expats (in this forum anyway) don't really like the terms/conditions of it. As many other laws in Indonesia....probably it'll be revised...

 

[yantiharun1]

Real....but many expats (in this forum anyway) don't really like the terms/conditions of it. As many other laws in Indonesia....probably it'll be revised...

So, this is not official yet? Do I need to be concerned?

 

[snpark]

So, this is not official yet? Do I need to be concerned?

Not official yet. No need panic

 

[yantiharun1]

Not official yet. No need panic

Glad to hear that! thanks for letting me know

 

[snpark]

Glad to hear that! thanks for letting me know

No problem. You know where to find me if I'm wrong

 

[Teabag]

So, this is not official yet? Do I need to be concerned?

nope, if you have 2 billion on an Indonesian bank account, then you don't have to be concerned at all.

 

[snpark]

nope, if you have 2 billion on an Indonesian bank account, then you don't have to be concerned at all.

Yes you have bigger fish to fry

 

[SamR]

All right, just so we're not starting a new thread, here are some notes about the new "Golden Visa" Permenkumham as it relates to "Exes" based on https://peraturan.go.id/files/permenkumham-no-22-tahun-2023.pdf :

Article 51: Ex-WNIs can apply for a 2-year Kitas. Sponsor required.

Article 52: Ex-WNIs can apply for a Kitas 1-year Kitas without requiring a sponsor. But will be required to "commit" to buying a minimum of $15k's worth of government bonds, 15k's worth of publicly listed company stocks, and 15k's worth of mutual fund within 90 days of obtaining the Kitas.

Article 53: Foreigners descended from an Ex-WNI to a second degree can apply for a 5-year Kitas without requiring a sponsor. But will be required to commit to buying a minimum of $50k's worth of government bonds, 50k's worth of publicly listed company stocks, and 50k's worth of mutual fund within 90 days of obtaining the Kitas.

Article 54: Ex-WNIs can apply for a 10-year Kitas without requiring a sponsor. But will be required to commit to buying a minimum of $35k's worth of government bonds, 35k's worth of publicly listed company stocks, and 35k's worth of mutual fund within 90 days of obtaining the Kitas.

Article 55: Ex-WNIs can apply for a 10-year Kitas without requiring a sponsor. But will be required to commit to buying a minimum of $100k's worth of government bonds, 100k's worth of publicly listed company stocks, and 100k's worth of mutual fund within 90 days of obtaining the Kitas.

Article 185: Golden Visa is a Kitas or Kitap given for the purposes of investment, family union, repatriation, and second home. These may be given for a period of 5 or 10 years.

Article 188: The Golden Visa status given for repatriation. They are given to Ex-WNIs who will be staying without a sponsor as well as descendants of Ex-WNIs to a second degree.

Feel free to add if there's anything I missed. From where I sit, if you've gone through the annual ritual of renewing a Kitas, the two massive carrots being dangled are getting a Kitas without requiring a sponsor and having that Kitas practically act as a Kitap (what else do you call a 5-year or a 10-year Kitas?). Provided, of course, that you can commit to the investment requirements.

 

[Samoerai]

Article 185: Golden Visa is a Kitas or Kitap given for the purposes of investment, family union, repatriation, and second home. These may be given for a period of 5 or 10 years.

See the new thread

'Golden Visa' Ministerial Decree 22/2023

Ok Golden Visa is here and many new things. The new regulation was published last week and the whole immigration system is turned upside down. Many strict rules coming, effective immidiately. Investor visa requires 10billion now, ex Indonesians start from 15.000 USD obligatory investments. Link...

www.expatindo.org

 

[Banana72]

Looks like this is more about 'new' applicants or those who are interested in doing KITAS without a sponsor...my KITAP will be needing an extension in 2025 (the lifetime) and we'll see how smooth the reporting will be! The $150K while not too bad of a requirement still I'm more nervous about the Indo government getting into the 'ah you got money, let's see whatelse we can get outta ya" deal...

 

[Helpful Herbert]

I don't notice any tax exemption on any of these new visas. "Here's the golden visa, now pay us 30% tax on your worldwide income".

 

[pantaiema]

Official Current Immigration fees in Indonesia

Biaya Keimigrasian - Direktorat Jenderal Imigrasi

www.imigrasi.go.id

 

[pantaiema]

Looks like this is more about 'new' applicants or those who are interested in doing KITAS without a sponsor...my KITAP will be needing an extension in 2025 (the lifetime) and we'll see how smooth the reporting will be! The $150K while not too bad of a requirement still I'm more nervous about the Indo government getting into the 'ah you got money, let's see whatelse we can get outta ya" deal...

If I remember correctly, in the past, the sponsor could be anyone with Indonesian nationality and who resides in Indonesia. But now, it seems they are limited to the husband, wife, father, mother, or children who are 21 years old or older. Siblings, nephews, friends, and other relatives are not included, is that correct?

From Article 1,
21. Penanggung Jawab adalah suami, istri, ayah, ibu, atau anak yang sudah berusia 21 (dua puluh satu) tahun atau lebih, yang merupakan warga negara Indonesia.

21. Responsible person (is it the same with sponsor ?) is husband, wife, father, mother, or children who are 21 (twenty one) years old or more, who are Indonesian citizens.

 

[flavus]

Article 54: Ex-WNIs can apply for a 10-year Kitas without requiring a sponsor. But will be required to commit to buying a minimum of $35k's worth of government bonds, 35k's worth of publicly listed company stocks, and 35k's worth of mutual fund within 90 days of obtaining the Kitas.

This is 5, not 10 years

Thanks for summarizing all this!

 

[Banana72]

If I remember correctly, in the past, the sponsor could be anyone with Indonesian nationality and who resides in Indonesia. But now, it seems they are limited to the husband, wife, father, mother, or children who are 21 years old or older. Siblings, nephews, friends, and other relatives are not included, is that correct?

From Article 1,
21. Penanggung Jawab adalah suami, istri, ayah, ibu, atau anak yang sudah berusia 21 (dua puluh satu) tahun atau lebih, yang merupakan warga negara Indonesia.

21. Responsible person (is it the same with sponsor ?) is husband, wife, father, mother, or children who are 21 (twenty one) years old or more, who are Indonesian citizens.

I vaguely remember that too...could be anybody but i think then i saw a discussion about the sponsor needs to submit a bank statement with a minimum of certain amount but maybe i'm mistaken and mixed it up with something else.