Experience the Bali Dream: Secure Indonesia’s Second Home Visa with the Same Prestige as OpenAI’s CEO

Indonesia opens self-service entry for international tourists—autogate systems are now available at Jakarta and Bali international airports. Holders of e-visas or electronic visas on arrival can use these facilities. Both business travelers and tourists can enjoy a smoother entry process!

However, for those who wish to stay long-term in Bali, a regular tourist visa or visa on arrival will not suffice. Not only do these visas limit each stay to a maximum of 60 days, but more importantly, they do not permit activities such as purchasing property, opening a bank account, or investing. Indonesia has many rapidly developing industries, supported by government policies. Choosing the right direction can not only allow you to relax on the beautiful island but also enable you to earn money while doing so.

Indonesia, as a premier tourist destination in Southeast Asia, boasts abundant natural landscapes and unique cultural attractions, making it an ideal place for retirement and leisure. In addition to its developed tourism industry, Indonesia also demonstrates tremendous growth potential in other areas. For example, Indonesia’s manufacturing, technology industries, and infrastructure development are rapidly advancing, attracting significant attention from investors.

Tourism Industry 

The Central Statistics Agency (BPS) recorded that as of November 2023, the number of foreign tourists visiting Indonesia exceeded 10.41 million, an increase of 110.86% compared to the same period last year, significantly surpassing the pre-pandemic level in 2019. Indonesia’s sustainable tourism market holds immense potential for investors providing innovative services related to sustainable tourism, currently offering foreign investors sustainable tourism projects with a total investment cap of up to $1.5 billion.

Automotive Industry 

The Indonesian government is actively implementing policies to encourage the development of the electric vehicle industry. These policies include reducing import duties on related production materials, offering tax exemptions for electric vehicle companies, providing subsidies to consumers for purchasing electric vehicles, and promoting the conversion of fuel-powered vehicles to electric propulsion systems. An increasing number of Chinese new energy vehicle companies and battery manufacturers are expanding their investments in Indonesia to tap into the local market.

What visa allows for investment and long-term residency in Indonesia?

Globevisa has researched Indonesia’s current immigration laws and introduced the Indonesia Second Home Visa, effective from December 24, 2022. This visa aims to encourage longer stays for foreigners in Indonesia, thereby increasing their contributions to the Indonesian economy. As the visa is still in its early stages, the investment recruitment is not yet saturated, and the application conditions are currently quite broad.

To apply for the Indonesia Second Home Visa, applicants need a passport valid for at least 36 months and must show proof of financial capability equivalent to at least 2 billion Indonesian Rupiah (approximately $13,000 USD). Upon successful application, holders can reside in Bali for 5 years and are eligible to engage in local investments, banking, property purchases, and other activities.

The Indonesia Second Home Visa offers several prominent advantages:

• Fast approval: According to global lawyers, an average of 7-10 days for approval, making it highly efficient.
• Low application thresholds: No age or background restrictions for the main applicant.
• Freedom of entry and exit: Unlimited stays within Indonesia for 5 years.
• Easy renewal: Renewable for another 5 years after the initial 5-year period, with straightforward renewal criteria.
• Multi-generational migration: Allows for the inclusion of spouse, children under 18 years old, and parents.

Frequently Asked Questions about the Indonesia Second Home Visa:

1. Has the Second Home Visa application opened?

The Indonesian government officially announced the Second Home Visa program on October 25, 2022, which will be effective from December 21, 2022. The visa is available in two durations: 5 years and 10 years.

2.Are there nationality restrictions for applicants?

There are no restrictions based on nationality. Anyone who meets the criteria can apply.

3.Can the deposited funds for visa processing be withdrawn?

Yes, after the application process is completed, the deposited funds can be used or withdrawn.

4.Is a guarantor required for the application?

No guarantor is required.

5.Can this visa be used to work locally?

No. The Indonesian Second Home Visa is a non-working visa, so holders cannot establish companies or be employed by Indonesian companies. However, they can work for foreign companies in Indonesia or engage in freelance work, akin to digital nomads, as long as the income is not sourced from Indonesia.

By choosing Indonesia, not only can you enjoy its beautiful natural landscapes but also seize diverse investment opportunities to enhance wealth accumulation, truly achieving a lifetime of leisurely living in Bali.

Indonesia’s economy is rapidly growing, offering investors substantial potential for lucrative returns in a diversified investment environment. Therefore, if you are interested in investing in Indonesia and seeking a relaxing getaway, the Indonesian Second Home Visa is your unparalleled choice. With low thresholds and fast approval, it allows for easy and cost-effective entry and exit.