Indonesia Golden Visa: 5- and 10-Year Investor Residence (2026)

"Golden visa" is not a single visa. It is a label Indonesian immigration attaches to a group of long-stay limited-stay visas (visa tinggal terbatas, VITAS). Each one leads to a 5- or 10-year limited stay permit (ITAS) and a matching re-entry permit. The legal basis is Regulation 22 of 2023 on Visas and Stay Permits, issued on 22 August 2023 and in force from 24 August 2023^[16], and the amending Regulation 11 of 2024. Fees come from Government Regulation 45 of 2024 on non-tax revenue and Finance Minister Regulation 82 of 2023 on golden visa service fees. The visa codes are classified by Decree M.IP-08.GR.01.01 of 2025 of the Minister of Immigration and Corrections^[1].

The immigration authority lists these golden visa categories: individual investors, corporate investors, second home, global talent and world figures (personages), silver hair (older applicants), repatriation of former Indonesian citizens and their descendants, and investors in the new capital, Ibu Kota Nusantara (IKN)^[13][14]. Holders need no Indonesian sponsor on the investor and second-home routes. They can bring their family, use priority immigration lanes, and come and go freely while the re-entry permit is valid^[1][13].

There is no minimum stay. The ITAS stays valid whether or not you live in Indonesia, as long as you keep the qualifying investment. Overall uptake is dominated by companies. Of the Rp52.1 trillion recorded by May 2026, about Rp50.9 trillion came through the E28D corporate route. The E28C individual capital-market route accounted for about Rp179 billion and the E28B company-founder route about Rp130 billion^[13]. The largest groups of holders are US (160), Chinese (147) and Taiwanese (110) nationals^[13].

Indonesia residency by investment comes in three tiers: passive capital-market and property investment, company formation, and corporate-scale investment. Each has a 5-year and a 10-year option.

Indonesia golden visa government bonds route (E28C)

The E28C individual investor visa (Visa Investor Pasar Modal) suits most private investors. The official requirements are proof that you hold at least US$350,000 in Indonesian government bonds, shares of Indonesian listed companies or mutual funds for the 5-year permit. The 10-year permit needs US$700,000 in the same instruments, or proof that you own an apartment or strata-title unit (rumah susun) worth at least US$1,000,000^[1]. You need no sponsor. You may invest and do business- and investment-related activity, but you may not take employment outside the permit's scope^[1].

Sources differ on bank deposits. The E28C visa page lists only bonds, listed shares and mutual funds. Immigration's own February 2026 press release, however, describes the US$350,000 as usable for bonds, listed shares or savings/time deposits^[1][14]. Until immigration confirms in writing that a deposit is accepted for your application, plan on bonds, listed shares or mutual funds. Treat a deposit-only structure as unconfirmed.

Company founder route (E28B)

An individual who sets up an Indonesian company needs paid-in capital or investment of at least US$2,500,000 for 5 years or US$5,000,000 for 10 years. The investment must be made within 90 days of entering Indonesia. Applicants must also show shares in a company outside Indonesia and that company's turnover, both supported by accounts audited by an international audit firm from immigration's approved list (the Big Four, Grant Thornton, BDO, RSM, Baker Tilly, Mazars and others)^[2].

Corporate investor routes (E28D, E28G, E28F)

Directors and commissioners of an Indonesian branch or subsidiary of a foreign company qualify if the foreign company commits at least US$25,000,000 (5 years) or US$50,000,000 (10 years), invested within 90 days of entry^[3]. The same thresholds apply to a parent-company representative posted to an Indonesian branch (E28G)^[5]. In the new capital, Nusantara, the E28F thresholds are US$5,000,000 and US$10,000,000^[4]. Immigration announced that cut from US$25M/US$50M in February 2024^[17]. Up to 10 board members per subsidiary may apply under the corporate route^[16].

Second home and silver hair routes (E33, E33E)

Immigration also labels two non-investor permits as golden visas. The E33 second home visa needs US$130,000 deposited in your own name at a state-owned bank, or a US$1,000,000 apartment, proved within 90 days of entry. It gives a first permit of up to 5 years, extendable to 10 years in total^[7]. The E33E silver hair visa is for applicants aged 55 or older. It needs US$50,000 in a state-owned bank plus income or a pension of at least US$3,000 a month^[8]. Both are cheaper than E28C, but they are lifestyle permits rather than investment routes.

Below the golden visa sits the standard Indonesia business investor visa (E28A). It requires a shareholding of at least Rp10 billion (about US$560,000) in a foreign-investment company (PT PMA) registered with the Investment Ministry/BKPM. It gives a 1- or 2-year ITAS that is renewed rather than a 5- or 10-year permit. It also needs a sponsor, normally your own company. Official fees are Rp7,000,000 for 1 year and Rp9,500,000 for 2 years^[6]. Shareholders with less than Rp10 billion who also act as directors must use a work visa instead^[6]. Choose E28A if you are building an operating business and want the director role, or if you do not meet E28B's audited-foreign-company test.

The Indonesia golden visa requirements in 2026 are the same for all routes except the investment proof^[1]:

• A national passport valid for at least six months.
• Bank statements for the last three months showing at least US$2,000 (or the equivalent) for living costs.
• A recent colour photo, a CV and a travel itinerary.
• Route-specific proof: holdings of bonds, shares or funds, or the apartment title (E28C); audited foreign-company accounts and a signed investment commitment (E28B); or the foreign company's investment commitment (E28D, E28F, E28G)^[1][2][3].
• An account on the immigration e-visa portal (evisa.imigrasi.go.id). Applications are filed online^[1].

The official E28C page asks for proof of ownership of the securities when you apply. The original 2023 rules, and some advisers today, describe a commitment that you meet after approval^[1][16][23]. In practice, have the assets in place, or confirm the sequence with immigration before you apply. You must keep the qualifying investment for the life of the permit. Renewals and the move to ITAP require fresh proof that you still hold it^[11].

Applicants holding a travel document other than a national passport, or who are stateless, must also attach a re-entry permit to their own country and an onward ticket^[1]. Immigration says it screens every holder for security and legal compliance ("selective policy")^[13].

A single applicant on the 5-year E28C route should budget about US$354,000–359,000. That is the US$350,000 investment, about US$725 in government fees and US$3,000–8,000 for advisers. Immigration does not publish the fee for a golden visa family dependant permit. One agent quotes about US$800–1,500 per family member, so a couple with two children might add roughly US$2,400–4,500 for three dependants, but treat that as unconfirmed until you see the e-visa billing code^[1][26]. The 10-year route via securities lands at about US$704,000–709,000.

The apartment route costs more than its US$1,000,000 headline. The buyer pays acquisition duty (BPHTB) of up to 5% of the assessed value^[21]. New-build units also carry VAT, and higher-value apartments can attract luxury-goods sales tax on top^[21]. Foreigners can hold apartments only under restricted titles (right of use or strata title on qualifying land), not freehold. So the legal structure of the building matters as much as the price. Treat any adviser's "villa" proposal with caution: the official route names apartments and strata units only^[1][26].

Currency risk is real. The thresholds are in US dollars, but bonds and shares are mostly rupiah assets. The rupiah traded between about Rp16,500 and Rp18,200 per dollar over the year to October 2026^[25][29]. A fall in the rupiah can push a portfolio below the threshold and force a top-up at renewal or ITAP conversion. Dollar-denominated Indonesian government bonds (global bonds) reduce this risk. Ask your adviser how immigration values each holding.

Golden visa holders may bring family to live in Indonesia^[1][13]. Under the 2023 framework, eligible dependants are a spouse, unmarried children under 18 and parents. Their permits can run for 5 or 10 years in line with the main holder's category^[16]. The embassy in The Hague lists "family dependant" as a golden visa category^[15].

Immigration's visa pages do not publish a fee for a 5- or 10-year golden visa family dependant permit. Do not budget with the standard family-reunion fees (Rp6,000,000 for 1 year or Rp8,500,000 for 2 years): the E31E child and E31H parent visa pages state that those visas cannot be used to join a golden visa holder as a family dependant^[10][27]. The spouse visa for ITAS or ITAP holders (E31B) carries the same Rp6,000,000/Rp8,500,000 fees, but immigration now lists it as a Global Citizen of Indonesia route rather than a golden visa one^[9][14]. One industry guide quotes about US$800–1,500 per family member, which is unverified^[26]. Ask for the e-visa billing code for each dependant before you commit.

The whole process runs online. Immigration aims to decide within five working days of receiving payment^[1].

Holding an Indonesia golden visa does not by itself make you an Indonesian tax resident. Tax residence follows the general tests: living in Indonesia, being present for more than 183 days in any 12-month period, or being present in a tax year with the intention to reside^[18]. Tax treaties can change the result^[18]. Residents are taxed on worldwide income at progressive rates from 5% to 35%. The top rate applies above Rp5 billion of taxable income^[20]. Non-residents pay 20% withholding on Indonesian-source income unless a treaty reduces it^[20].

Under the Omnibus Law, qualifying foreigners who meet certain expertise conditions are taxed only on Indonesian-source income during their first four years as tax residents^[20]. Do not assume a passive investor qualifies. Get written advice before you move.

The investments themselves are taxed lightly. Interest on bonds carries a 10% final tax and interest on deposits 20%. Dividends from Indonesian companies are taxed at 10%, or exempt if reinvested in Indonesia. Gains on mutual funds are exempt^[19]. Sales of listed shares pay a 0.1% final tax on proceeds^[21]. Indonesia has no inheritance, estate, gift or net wealth tax^[21]. Property carries annual land and building tax (PBB) of up to 0.5% of assessed value, acquisition duty of up to 5%, and a 2.5% final tax for the seller^[21].

Indonesia permanent residency by investment means converting the golden visa ITAS into an Izin Tinggal Tetap (ITAP), the permanent stay permit. Holders of an ITAS for foreign investment, family reunion, repatriation, second home, special skills, world figures or retirement can apply for the conversion. The retirement category on the conversion page is for people aged 60 or older, although the E33E silver hair visa starts at 55^[11][8]. You apply no later than 30 days before your ITAS expires. You need your passport, the current ITAS, an integration statement (not required for unmarried children under 18) and proof that you have met, or renewed, the investment commitment. Acceptable proof includes recent bond statements, share registers, bank statements or property tax bills^[11]. The Director General decides within five working days of receiving the file^[11].

The Indonesian embassy in The Hague states that a golden visa can be converted to permanent residence "after 3 years of living in Indonesia"^[15]. The immigration conversion page does not repeat a minimum period or say whether physical residence is counted, so confirm your eligibility date, and whether time abroad counts, before you plan the move. Official ITAP fees are Rp7,000,000 (up to 5 years), Rp12,000,000 (up to 10 years) and Rp15,000,000 (unlimited), plus a re-entry permit^[12].

Indonesia does not sell citizenship, and it does not generally allow dual nationality for adults. Naturalisation is a separate, residence-based process with its own fees. Government Regulation 30 of 2026, in force from 1 August 2026, sets the naturalisation fee at Rp75 million per application, or Rp25 million for applicants who qualify through marriage^[24]. See our guide to Indonesian naturalisation and passport rules for the full path.

• 22–24 Aug 2023: Regulation 22 of 2023 created the golden visa. Finance Minister Regulation 82 of 2023 set the special fees^[16][1].
• Feb 2024: IKN (E28F) thresholds were cut from US$25M/US$50M to US$5M/US$10M, and the parent-company turnover test was dropped for companies in IKN^[17].
• 2024: Regulation 11 of 2024 amended the visa rules, and Government Regulation 45 of 2024 reset immigration fees^[1]. President Joko Widodo officially launched the programme on 25 July 2024^[13][22].
• Oct 2024 – 2025: The Ministry of Law and Human Rights was split on 20–21 October 2024, and immigration moved to the new Ministry of Immigration and Corrections^[28]. In 2025 that ministry reissued the visa classification as Decree M.IP-08.GR.01.01 of 2025^[1].
• Jan–Feb 2026: The Global Citizen of Indonesia (GCI) permit was launched for former citizens, their descendants and foreign spouses. It is open-ended with five-yearly reporting, and needs about US$1,500 a month in income plus a lighter investment commitment. It sits alongside the golden visa and does not replace it^[14].
• 21 May 2026: Immigration reported 1,274 golden visas and Rp52.1 trillion invested since launch^[13]. Issuance has slowed: about 262 permits were issued between September 2025 and May 2026, against 1,012 in the first 14 months^[22].
• 1 Aug 2026: Government Regulation 30 of 2026, promulgated on 2 July 2026, took effect for Ministry of Law services, including naturalisation fees. It replaces Government Regulation 45 of 2024 for those services^[24]. As of 4 October 2026, the immigration visa pages still cite Government Regulation 45 of 2024 and show unchanged golden visa fees^[1].

Watch for a clarification on bank deposits under E28C, publication of long-term dependant fees, and any change to the US-dollar thresholds as the rupiah weakens.

It suits investors who want a long, low-maintenance Southeast Asian residence permit backed by a recoverable financial asset. It particularly fits people who already like Indonesian sovereign or blue-chip exposure. It also works for Bali and Jakarta part-year residents who want to stop renewing 1-year permits, and for foreign groups placing directors in an Indonesian subsidiary.

Look elsewhere if your goal is a second passport. Indonesia offers none by investment and restricts dual nationality; compare citizenship by investment versus a golden visa. Look elsewhere too if you need EU travel rights, or if you cannot accept rupiah exposure. If you are 55+ and only want a home base, the second home or silver hair permits cost less.

• Malaysia's MM2H long-stay programme uses tiered fixed deposits. It is the closest regional peer for retirees and families.
• Thailand's Privilege membership and LTR visa trade a membership fee or income test for long stays and little paperwork.
• The Philippines SRRV retiree visa is a deposit-based permanent residence route with a far lower entry cost.
• Singapore's Global Investor Programme is the premium option, for business owners investing eight figures.
• The UAE 10-year golden visa starts at AED 2 million in property or deposits and offers a zero-income-tax base.
• Turkey's property residence permit starts at US$200,000 of real estate, and Qatar's property residency at QAR 730,000.
• Japan's Business Manager visa suits founders who want to run an operating company in a major economy.

For budget comparisons across all regions, see the lowest-cost golden visa options ranked and the full golden visa programme directory. If a fast passport matters, read residence programmes with the shortest road to naturalisation.