Indonesia introduced a Second-home visa & temporary stay permit.
On 25 October 2022, The Ministry of Law and Human Rights issued a Circular Letter No. IMI-0740-.GR.01.01 of 2022, concerning the Granting of a Second-home visa and temporary stay permit (“Circular Letter”), which will come into force within 60 (sixty) days from the date of issuance.
Through this Circular Letter, the government of Indonesia offers Second-home visas aimed at attracting wealthy foreigners, high-skilled workers, the Indonesian diaspora and elderly foreign tourists. Acting Director General for Immigration Widodo Ekatjahjana said that the policy is a non-fiscal incentive for certain foreigners to make a positive contribution to the Indonesian economy. The following are the highlights of the new policy:
This Second-home visa allows foreigners to stay in Indonesia for five to ten years without the obligation of a Guarantor by way of depositing the Immigration Guarantee. Foreigners can apply for a Second-home visa if they have an existing valid visa for 36 (thirty-six) months and can provide proof of fund in a minimum amount of IDR 2.000.000.000 (two billion Indonesian Rupiahs) owned by the applicant which is held in an account at an Indonesian State Bank.
Second-home visa for dependents
Dependent applicants may also apply for a Second-home visa by providing a valid Second-home visa or temporary stay permit owned by their spouses, children, or parents and documents such as a marriage certificate or birth certificate as proof of having a family relationship with the holder of a Second-Home Visa or Temporary Stay Permit. This document must be translated into the Indonesian language by a sworn translator unless the document is in English.
Second-home temporary stay permit
Within 30 (thirty) days of visa issuance, the holder of the Second home visa/dependent should apply for the temporary stay permit which will be valid for five or ten years. Proof of fund in the form of:
- Account owned by expatriates (in an Indonesian State Bank) with a minimum amount of IDR 2.000.000.000, – (Two billion Indonesian Rupiahs)
- Proof of ownership of Luxury Properties in accordance with the Law & Regulations on Land or Agrarian
Both fund and property ownership stated above, cannot be transferred, assigned, or pledged to another party during the validity of the Second-home visa and temporary stay permit.
Reporting proof of fund
Upon the issuance of Second-home temporary stay permit, the foreigner is required to submit the original proof of fund in the form of:
- Bank Statement Letters OR
- Certificate of luxury properties to the issuing Immigration Office of the Second-home temporary stay within a maximum period of 30 (thirty) days from the issuance of the Second-home ITAS.
The obligation to report is only subjected to the holder of Second-home temporary stay permit, while dependents are not required to.
If you have any further queries on the above, please feel free to contact us.