Legal
Indonesia Launches Second Home Visa
May 29, 2023 •
2 min read
Second home visa

In response to the volatile global economic condition, as well as to minimize the economic impact of the COVID-19 pandemic, the Indonesian government has issued Circular No. IMI-0746.GR.01.01 of 2022 on the granting of a second-home visa and temporary stay permit on Tuesday, October 25, 2022. 

Announced less than a month before the scheduled upcoming G20 Summit in Bali, the visa grants foreigners the permission to stay and live in the country for either 5 years or 10 years. In fact, the visa aims towards non-Indonesian citizens who wish to stay and contribute positively to the Indonesian economy.

Application Process

Non-Indonesian citizens can apply for the second-home visa through the Indonesian Directorate General of Immigration’s web-based application (link: visa-online.imigrasi.go.id).

Furthermore, the required documents are as follows: 

  1. Copy of passport that is valid for a minimum of 36 (thirty-six) months; 
  2. Proof of funds in the foreigner’s or a sponsor’s bank account (require to deposit funds in an Indonesian state-owned bank) of at least Rp 2,000,000,000 (two billion rupiah, or around US$130,000) or equivalent; 
  3. Recent colored photograph (4cm x 6cm) with a white background;
  4. Curriculum Vitae (CV)

Besides, the applicant must pay a non-tax state revenue charge of Rp 3,000,000 (a little less than $200). Payment for a second home visa can be made outside the territory of Indonesia through the PNBP online payment portal.

The second-home visa policy will come into effect sixty days after the issuance of the Circular. 

It means that you can do your investment in Indonesia legally or even buy your villa in Bali for Investment or long term stay.

Finally, are you considering buying your future villa in Bali? Awesome. Read our last article about “Bali real estate investment guide in 2023”.

Contact us for free consultation:

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Email: inquiry@tealestate.co

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Freehold
Type

Type of property ownership dedicated for local investors or foreigners under legal cooperation in Indonesia. The freeholder of a property owns it outright, including the land it is built on. If you buy freehold, you’re responsible for maintaining your property and land, so you’ll need to budget for these costs and taxes.

certificate

Surat Hak Milik (SHM) / Surat Hak Guna Bangunan (SHGB)

term

Lifetime, or until it’s sold to a new owner

owner status

Indonesian individual only or foreigner who has a company in Indonesia (PMA) to buy the property under that company’s name

Leasehold

Type

Type of property ownership for foreign investors who are willing to purchase the property as an individual. With leasehold, you own the property (subject to the terms of the leasehold) for the length of your lease agreement with the freeholder. When the lease ends, ownership returns to the freeholder, unless the contract states guaranteed lease extension at future market price.

certificate

Akta Sewa / Right to use – Right to rent

term

Average 20-30 years, with possible extension. Maximum 99 years

owner status

All people including Indonesian and foreigner with KITAS-Visa status