For investors looking to do business in Indonesia, there are several important things they must understand. One of them is the various types of residence permits available, such as the Investor Limited Stay Visa.
So, what is an Investor Limited Stay Visa? And how do you apply for it? Don’t worry. This article is here to give you a detailed explanation. Here’s the complete information.
What Is an Investor Limited Stay Visa?
As the name suggests, the Investor Limited Stay Visa (ITAS/KITAS) is a visa that allows foreign investors to stay and manage their businesses in Indonesia. In other words, it’s a type of visa granted to individuals or foreign legal entities wishing to invest in Indonesia.
With this visa, foreign investors can stay in Indonesia for a certain period. They can manage and develop investments in sectors considered beneficial to the country’s economy.
This visa is generally intended for investors who invest significant capital. Additionally, they must meet the requirements set by the Indonesian government.
How to Apply for an Investor Limited Stay Visa
According to the official website of the Directorate General of Immigration of Indonesia regarding the Investor Limited Stay Visa, here are the types available:
- Limited Stay Visa for Foreign Investment (Index E28A);
- Limited Stay Visa for 5 and 10 Years for Foreign Investors Establishing Companies (Index E28B);
- Limited Stay Visa for 5 and 10 Years for Foreign Investors Not Establishing Companies (Index E28C);
- Limited Stay Visa for 5 and 10 Years for Foreign Investors Serving as Directors/Commissioners in Subsidiaries/Branches (Index E28D);
- Limited Stay Visa for Foreign Investors in Special Economic Zones (Index E28E);
- Limited Stay Visa for 5 and 10 Years for Foreign Investors Serving as Directors/Commissioners in Subsidiaries/Branches in the Nusantara Capital City (Index E28F).
To apply for an Investor Limited Stay Visa, you need to understand the procedures and requirements. Here’s how to apply for a two-year Limited Stay Visa for Foreign Investment (Index E28A).
Required Documents
- A valid passport with at least 6 months validity;
- Proof of sponsorship from a guarantor;
- Proof of sufficient living expenses while staying in Indonesia;
- Recent colored passport photo;
- Proof of ownership of shares of at least IDR 10,000,000,000 or equivalent, as recorded in the investment authority’s data;
- Company bank statements for the last 2 months.
Visa Application Procedure
- Prepare all required documents (both general and specific requirements);
- Ensure there’s a ministerial decree approving the establishment of a limited liability company;
- Once all documents are ready, submit the visa application to the Directorate General of Immigration following these steps:
- Verification of all document requirements;
- Verification of immigration fee payment in accordance with regulations;
- Profile creation and verification;
- Visa approval and issuance.
For your information, the processing time for this visa is at least four working days after the visa payment is received. The estimated fees for submission at the Directorate General of Immigration are as follows:
- Visa Fee: IDR 500,000
- Category II Verification Fee: IDR 2,000,000
- Limited Stay Visa: USD 150 per application
- Limited Stay Visa Approval: IDR 200,000 per application
- Limited Stay Permit 6 months/180 days: IDR 1,000,000 per application
- Limited Stay Permit 1 year: IDR 1,500,000 per application
- Limited Stay Permit 2 years: IDR 2,000,000 per application
Steps to Apply
- Prepare the general requirements:
- A valid passport with at least 6 months validity;
- Proof of sponsorship from a guarantor;
- Proof of sufficient living expenses while staying in Indonesia;
- Recent colored passport photo.
- Prepare the specific requirements:
- Proof of ownership of shares of at least IDR 10,000,000,000 or equivalent as recorded by the investment authority;
- Ministerial decree approving the establishment of a limited liability company;
- Company bank statements for the last 2 months.
- Submit the visa application to the Directorate General of Immigration following this process:
- Verification of all document requirements;
- Verification of immigration fee payment in accordance with regulations;
- Profile creation and verification;
- Visa approval and issuance (processing time is typically four working days after payment is received).
If you need business consulting services, including matters related to the Investor Limited Stay Visa, you can trust PT Elmar Konsultan Bisnis Indonesia to handle it for you.
Operating in the business consulting sector, Elmar focuses on assisting both foreign and domestic investors in establishing and developing their businesses in Indonesia, including Domestic Investment (PMDN) and Foreign Investment Companies (PT PMA).
Given that managing an investor’s limited stay visa is crucial, make sure you take the right steps. Be sure to choose the best service provider like PT Elmar Konsultan Bisnis Indonesia!