A new 10-year second home visa is now available in Indonesia. Digital nomads, retirees, and high-earners with over $130,000 in the bank may now apply for a 10-year temporary residence permit in Bali and other tourist hotspots under a new visa category. The hope is that this will encourage high-income earners, retirees, and worthy digital nomads to set up shop in Indonesia.
Those with a 10-year second-home visa are free to settle anywhere they choose in Indonesia. Most people who take advantage of the 10-year second home visa can live in popular tourist destinations like Bali, Jakarta, Lombok or wherever. The government hopes that by offering this visa, they will bring in more tourists to Bali and encourage investment in less touristy parts of the country.
Right now, If you want to live in Indonesia for five or 10 years, you’ll need to show that you have at least IDR 2 billion in the bank, which is around USD$130,000.
In an era of rapidly changing global economic conditions, the new visa ‘immigration policy is one of the non-financial incentives that can be a motivating factor for certain foreigners to stay and play a pivotal role to the Indonesian economy,’ as stated by Acting Director General for Immigration Widodo Ekatjahjana.
He elaborated, saying, “Today we formally started the 10-year second home visa toward the execution of the G20 Summit.” The target audience consists of foreign investors, high-earners, digital nomads and retirees, and the objective is to entice them to move to Bali and other parts of Indonesia. The visa category is comparable to that found in 47 other countries, making it simpler for foreign residents to live outside of their home countries for extended periods of time.
For well-off digital nomads and remote workers who want to settle in Indonesia indefinitely, the new visa category provides a fresh pathway. This, together with the B211a social and cultural visa, is seen by some as an alluring visa package for digital nomads. The Department of Immigration, however, just verified that the permanent digital nomad visa is still in the works.
Canggu is where most digital nomads and remote workers in Indonesia live and work, so it made perfect sense to celebrate the launch of the new 10-year second home visa there with the community. Those who mingled with the Canggu community included Widodo Ekatjahjana and Anggiat Napitupulu, the head of the Ministry of Law and Human Rights’ office in Bali, and a few surfers who crashed the scene.
Ekatjahjana again emphasized to reporters that this policy is aimed at wealthy foreign tourists who wish to come to Bali and other places in Indonesia to enjoy their golden years.
In a time when the economy is getting better and the world economy is growing, this is also a policy that gives the economy a boost.
Is a 10-year second home visa right for me?
The question is, however, what does Bali have to offer that other Southeast Asian nations don’t?
Many people who have visited Bali have probably told you, “You don’t pick Bali, Bali picks you.”
Remote teams of digital nomads, retirees, and investors who visit here for any duration may think that Bali really does pick you after experiencing its delights and pleasures.
And that’s when a lot of them decide to uproot and go to Indonesia.
However, once you put aside the obvious, such as the beautiful sunsets, rice paddies, volcanic treks, waves for days, infinity pools and overall positive vibe. Living here for a while may be necessary to fully uncover Indonesia’s hidden realities.
Before you invest in a 10-year second home visa, spend a good amount of time (2-5 years) before you go this route. Really take the time to understand the country as a whole.
10-year second home visa requirements
The visa itself only costs IDR 3 million, which is about USD$193. And according to the website of the Indonesian Department of Immigration, foreigners with this visa can carry out various activities, such as work or investment.
However, a KITAS/KITAP is still required whether you’re an investor or if you want to work in Indonesia.
It is also necessary to have at least 36 months of validity left on your passport, your bank statement or portfolio (proof of funds), a current passport photo (4 cm x 6 cm) , and copies of your resume (CV), which of course includes relevant work and educational experience.
While the online application is currently in development, interested parties may submit their applications via the imigrasi.go.id website once it is live in 60-days from this post. Here is an official report where you can check the link.
Wondering how safe Bali is right now? Read this article.