To facilitate foreign investment, the Indonesian Government has introduced a new and simplified visa for foreign investors known as Investor KITAS. This new visa has been introduced through Presidential Decree No. 20/2018.
Indonesian economy has shown significant growth in recent years. The country has a huge number of Islands and major cities where businesses in the private sector are growing continuously. It is estimated that this growth will continue at a rapid pace in 2020. This makes Indonesia a very attractive place for foreign investors.
Various types of KITAS
There are various other types of Indonesian Visas. More details can be found below:
Types of Investor KITAS
This article will provide insights about Investor KITAS and page will explain all you need about Investor KITAS. Further information about Visas and Immigration for other purposes, CLICK HERE.
There are two types of investor KITAS in Indonesia:
- Index 313: Validity of 1 year
- Index 314: Validity of 2 years
Both types can be used by investors to enter and leave Indonesia as many times as needed within the visa’s specified date of validity.
Capital requirements for Investor KITAS
In order to qualify for the investor KITAS, following two conditions must be met:
- Investor should have invested at least 1 Billion Rupiah (approximately equal to US$70,000)
- Company sponsoring the investor KITAS should have authorized capital exceeding 10 Billion Rupiah (approximately equal to US$700,000) out of which 25% must have been paid-in.
Please note that the capital requirement for companies established before 2009 may be lower.
General requirements for Investor KITAS
In order to qualify for the investor KITAS, following two conditions must be met:
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- Company’s notarized Articles of Association (AKTA)
- NIB (Nomor Induk Berusaha / Business Identity Number)
- Izin Usaha (Operational License)
- Company’s Tax Registration Number (NPWP)
- Company’s domicile letter
- Identification (Passport or ITAS) of company’s director
- Company’s director Tax Registration Number (NPWP)
- Passport of applicant (1-year KITAS: over 20 months’ validity; 2-year KITAS: over 32 months’ validity)
- Photo of applicant 4×6
How to apply Investor KITAS for Indonesia?
One of the advantages of an investor visa is the ease of the application process without complicated procedure and the expensive fee for a work permit or visa. But you can make it more simple and easy by relying on our services. MAM Solutions can help you guide and apply throughout the process.
- Obtain a recommendation letter from investment board BKPM Jakarta and RPTKA (foreign workers utilization plan) from the Ministry of Manpower
- Prepare the required documents, including a signed application letter as well as company registration documents, as mentioned above.
- Once approved, BKPM will issue a recommendation letter within 14 days.
- Apply for VITAS (also known as TELEX) in Indonesian Embassy of your choice
- Once you have the VITAS, you will have 60 days to enter Indonesia
- Within 7 days of arriving in Indonesia, an application is made to convert the VITAS to Investor KITAS.
- You will get your Investor KITAS approximately in 14 to 30 days.
It is important to note that if you already have a working KITAS, you can choose if you want to change your KITAS type or cancel the working KITAS and apply for the Investor KITAS instead. The process of KITAS conversion (if you wish to change from working KITAS) can take approximately 2 months, while if you want to apply for investor KITAS instead, it can be issued approximately 14 to 30 working days.
How MAM Corporate Solutions can help?
Save your precious time, MAM Corporate Solutions is here for your all visas and immigration needs. Our experts have processed visas for huge number of clients successfully and will ensure that the whole visa application process is simplest and smoothest for you with no mistakes being made at any stage of the process. Get in touch with us for information about visas and other business services.
Contact MAM Corporate Solutions
If you want to apply for Investor KITAS, Contact us here or provide below as much detail about your inquiry as possible to receive the most relevant response.