Indonesia, with its rich cultural heritage, booming economy, and stunning natural beauty, is a magnet for foreign investors. If you’re an entrepreneur with sights set on the Indonesian market, the Investor Kitas (Kartu Izin Tinggal Terbatas) could be your key to unlocking exciting opportunities.
What is an Investor Kitas?
Think of the Investor Kitas as a special residence permit designed specifically for foreign business investors in Indonesia. It allows you to live in the country and actively manage your business ventures. Introduced in 2011 and streamlined in 2019, the Investor Kitas offers a relatively easier and more cost-effective way to establish yourself in the Indonesian business landscape.
Are You One of These Investor Visa Criteria?
Not everyone can waltz into an Investor Kitas. Here are the key requirements you’ll need to meet:
- Be a shareholder or hold a director/commissioner position in a company registered in Indonesia (either a Penanaman Modal Asing or PMA, a foreign investment company).
- Minimum investment: This depends on your role in the company. If you’re a director, the minimum investment dips to IDR 1 billion (roughly USD 70,000). Otherwise, the minimum threshold is IDR 10 billion (approximately USD 700,000).
- Company requirements: The company you invest in must have a valid Business Registration Number (NIB) and a business license. Additionally, it should employ at least 20% Indonesian citizens.
Types of Investor Kitas
There are two main types of Investor Kitas, each with its own validity period:
- Index 313: This visa grants you a one-year stay in Indonesia with the option to extend for another year.
- Index 314: Offering a longer stay, this visa allows you to stay reside in Indonesia for two years, with the possibility of further extensions within Indonesia.
Benefits of Obtaining an Investor Kitas
The Investor Kitas which allows to goes beyond just granting you residency. Here are some perks you can enjoy if you enter Indonesia using Investor Visa Kitas.
- Multiple entries and exits: Unlike some visas, the Investor Kitas allows you to freely travel in and out of Indonesia during its validity period.
- Simplified work permit process: The Investor Kitas itself acts as your work permit, eliminating the need for a separate application (and its associated fees).
- Family sponsorship: You can sponsor your spouse and children for their own Kitas under family reunification.
- Tax benefits: While not a tax exemption, the Investor Kitas can simplify your tax filing process in Indonesia.
Why Have a Business in Indonesia?
Indonesia, a Southeast Asian powerhouse, is rapidly emerging as a prime location for businesses to flourish. Here’s why setting up shop in Indonesia could be a strategic move for your company.
Thriving Economy: Indonesia boasts a large and growing economy, which is projected to be the world’s fourth largest by 2030 by ASEAN. This translates to a massive consumer base with rising disposable income, creating a strong demand for various goods and services companies in Indonesia.
Abundant Workforce: Indonesia’s population is the fourth largest globally, offering a vast pool of skilled and competitive labour [NNRoad]. This translates to lower labour costs than developed nations, allowing businesses to optimize their operational budget.
Strategic Location: Indonesia’s geographical position makes it a trade hub, part of the Association of Southeast Asian Nations (ASEAN) with minimal to no tariffs between member countries. Additionally, free trade agreements with other major economies grant greater market access for your products.
If you are still confused about how to apply for an Investor Visa (Kitas) or any other type of visa to enter Indonesia, contact the most trusted agency in the country, Lets Move Indonesia.
Lets Move Indonesia is the premier agency in Indonesia, famed for being the first in the country to advertise its prices transparently. It has won numerous awards for its market-leading approach, so if you need to work with an agency, ensure you work with the most trustworthy.
It’s always best to consult a reliable visa consultant or the Indonesian Directorate General of Immigration to get accurate information regarding requirements, costs, and steps to obtain Indonesian visas.
Please note: Using a visa agent costs more, but it does significantly reduce your time and energy.
Investor Visa in Indonesia As Your Milestone Success
The Investor Kitas is a valuable tool for foreign entrepreneurs looking to establish a foothold in Indonesia’s dynamic market. With its simplified process, attractive benefits, and the potential for long-term residency, the Investor Kitas can be your springboard to growing a successful business in the Land of the Gods.
Indonesia, with its rich cultural heritage, booming economy, and stunning natural beauty, is a magnet for foreign investors. If you’re an entrepreneur with sights set on the Indonesian market, the Investor Kitas (Kartu Izin Tinggal Terbatas) could be your key to unlocking exciting opportunities.
