Second home visa launched in Indonesia

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Asaël Häzaq Active member

Member since 18 November 2016

Asaël HäzaqActive member27 October 2022 13:30:14

Hi,

For a future article, we would like to know your opinion : Indonesia has just launched its "second home" visa to attract tourists (especially to Bali), support tourist industry and boost economy. With this new visa, you will be able to live in Indonesia for 5 to 10 years while investing in the country and working.

But you must have at least 2,000,000,000rp in income (nearly 130,000 USD or EUR) not including visa fees. The state hopes to attract foreign investors and former Indonesian citizens. It promises a simpler procedure (online procedure).

What do you think about that ? Could that make the economy more attractive or not ? Would that make increase inequalities between people ? Would you be interested in this type of visa ?

Thanks !

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert27 October 2022 14:42:40

28303

https://www.expat.com/forum/viewtopic.php?id=1005303

Asaël Häzaq Active member

Member since 18 November 2016

Asaël HäzaqActive member28 October 2022 15:42:59

Thanks !

BaliTiger Active member

Member since 06 July 2019

BaliTigerActive member07 November 2022 07:29:18

@Asaël Häzaq pre COVID retirement visas have been withdrawn.

Now on offer is only this visa which requires US$130,000 for each person in a couple.

It also allows a person to work .

What about us who don't ever want to work? Those of us who just live in a community and help the people? Those who were on a KITAS but now have to reapply with the cash guarantee?

I have a friend who has lived here for years and now been on the expensive Business visa since March just to stay here. He doesn't have $130,000.

lets_talk Member

Member since 04 June 2010

lets_talkMember08 November 2022 06:31:44

Cannot be true

Retirement Visa versus a Visa with 130thousand EUR/US_Dollars in an Indonesian Bank???

Second Home???

This would mean that you have to sell your house in Europe, the USA or elsewhere in order to put this money in an Indonesian state-owned Bankd and then stay in e.g. Bali für 5 to 10 years - and then, what happens?

Another fact that precludes this, is that - even if you want to work in Bali - the normal income in Bali p.a. is nowhere near this sum.

And what about all the retired people who already live in Bali - some have a small restaurant or other job or just a small house where they live - are they going to be uprooted from their Bali homes?

Indonsia has been attracting non-working retired people for decades and they have a happy community including their Indonesian maids etc. - and now??

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert08 November 2022 06:37:50

28303

Not if you aren't retiring

No need to sell your house if you have enough cash

As for working on a retirement visa - that would be illegal

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert08 November 2022 06:38:34

28303

This is why it's a second home visa - not a retirement visa

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