E28B Company Establishment Investor Visa

Who can apply for this visa?

     

    This investor visa can be applied for by foreign nationals from any country who meet the requirements to invest in Indonesia. This visa is intended for individual investors who intend to establish a company in Indonesia, with a stay period of up to 5 (five) or 10 (ten) years. The establishment of the company must comply with immigration regulations, which include the required invested capital (shares) or investment value.


     

Visa summary

     

    Type of visa          : Temporary stay visa for individual investors                       

                                   who intend to establish a company in 

                                   Indonesia.

    Period of stay       : 5 years and 10 years

    Extension             : Extendable 

    Change of status  : May be converted to another temporary stay

                                   permit 

                                  

Permitted activities

     

    With this visa, you can invest and conduct business activities, including establishing a company. You are permitted to work as a member of the board of directors or the board of commissioners in the company where you invest your capital. Additionally, you can supervise the production process of goods or services in the company you founded, which includes offices, factories, or similar locations.

     

    You can bring your family to live in Indonesia. This visa allows multiple entries and exits from Indonesia as long as the Re-Entry Permit remains valid. You can pursue education through the Dual Activity Stay Permit mechanism, visit tourist attractions, friends, or family, and purchase goods.

     

    You are also allowed to receive compensation or benefits from the investment you make and/or the position you hold.

Prohibited activities

     
    • Staying in Indonesia exceeds the validity period of your stay permit.
    • Engaging in work that is not in accordance with the type of your stay permit.
    • Engaging in activities that are not in line with the description of activities and the rights granted, unless a change or a multiple activity application has been submitted.

Sponsorship

     

    You don’t need a sponsor to apply for this visa.

Fees

     

    Stay permit up to 5 years: IDR 13,000,000

     

    Fees include:

    • Temporary stay permit: IDR 7,000,000
    • Visa: IDR 500,000
    • Verification cost II: IDR 2,000,000
    • Re-entry permit: IDR 3,500,000

     

    Stay permit up to 10 years: IDR 19,500,000

     

    Fees include:

    • Temporary stay permit: IDR 12.000.000
    • Visa cost: IDR 500.000
    • Verification cost II: IDR 2.000.000
    • Re-entry permit: IDR 5.000.000

Visa application

     

    You must have an account at evisa.imigrasi.go.id before applying for a visa. After having an account, you can apply for a visa after logging in at evisa.imigrasi.go.id by submitting electronic files (file format details) of foreigners, such as:

    • a nationality passport that is still valid for at least 6 months before it expires
    • proof of living expenses in Indonesia in the form of a bank statement in the foreigner's or sponsor's name for the last 3 months of at least USD 2,000 or an equivalent amount in other currencies
    • recent color photograph. Details
    • curriculum vitae,
    • travel itinerary

Specific requirements

     

    5-year visa

     
    • Proof of Share Ownership:

    You must provide proof of share ownership in a company outside Indonesia, as evidenced by the financial audit report from an internationally recognized public accounting firm.

    • Evidence of sales/revenue value in the foreign company as stated in the financial report audited according to international standards.
     
    • Commitment Statement: 

    You must submit a statement of commitment indicating your intention to establish a company in Indonesia. This company must have issued capital or an investment value of at least USD 2,500,000 and must be established within 90 days of your entry into Indonesia. This visa allows for a stay of up to 5 years.

     

    10-year visa

     
    • Proof of Share Ownership:

    You must provide proof of share ownership in a company outside Indonesia, as evidenced by the financial audit report from an internationally recognized public accounting firm.

     
    • Evidence of sales/revenue value in the foreign company as stated in the financial report audited according to international standards.
     
    • Commitment Statement: 

    You need to submit a statement of commitment to establish a company in Indonesia with issued capital or an investment value of no less than USD 5,000,000. You must complete it within 90 days of your entry into Indonesia. This visa allows for a stay of up to 10 years.

     

    List of international public accounting firms

     
    • Deloitte Touche Tohmatsu Limited
    • PricewaterhouseCoopers (PwC)
    • Ernst & Young (EY)
    • KMPG Limited International
    • Grant Thornton LLP
    • BDO International
    • RSM Tenon
    • Smith & Williamson
    • Baker Tilly International
    • Moore Stephens
    • Mazars
    • Haines Watts
    • Crowe Clark Whitehill
    • Saffery Champness
    • Begbies Traynor
    • UHY Hacker Young
    • Kingston Smith
    • Zolfo Cooper
    • MHA MacIntyre Hudson
    • Johnston Carmichael

Other provisions

     
    • Foreigners without citizenship or foreigners holding travel documents (not national passports) in the form of temporary passports, emergency passports, titre du voyage, certificate of identity, laissez passer, or other equivalent documents must attach a Re-Entry Permit document to the country where the visa is applied from and a return ticket/onward ticket to another country.
    • The visa is valid for 90 days from the date of issuance. If it is not used after that period, foreigners must apply for a new visa to enter Indonesia.
    • Please note that the visa validity period differs from the period of stay, so kindly check your visa for information on the length of stay.
    • The temporary Stay Permit (ITAS) and Re-Entry Permit will be issued after the officer permits you to enter through the Immigration Border Control.

Visa-granting process

     

    Visa application at the Directorate General of Immigration, the officer will:

    • check your documents;
    • verify your immigration fee payment;
    • create your profile in the system and verify;
    • approve your application;
    • issuing your visa.
     

    Processing time is four working days after visa payment is received.