Exploring the Second Home Visa in Indonesia: A Comprehensive Guide
Indonesia, with its stunning landscapes, rich cultural heritage, and warm hospitality, has long been a favorite destination for travelers and expatriates alike. For those seeking to establish a more permanent presence in this tropical paradise, the Second Home Visa and Retirement KITAS offer attractive options. In this article, we'll delve into the details of the Second Home Visa in Indonesia and highlight the differences between the Second Home Visa and Retirement KITAS.
The Second Home Visa: An Overview
The Second Home Visa is a non-working visa granted to foreigners and/or their families to reside in Indonesia for 5 or 10 years, subject to specific requirements. This visa is intended to facilitate foreigners who intend to live in Indonesia for an extended period, providing non-fiscal incentives as a stimulus to stay and positively contribute to Indonesia's economy amid the dynamically changing global economic conditions. The activities that are allowed for foreigners who are holding the second home visa are including
· Investment (as Investors): Foreigners can invest in Indonesia.
· Tourism: The visa allows for tourism activities.
· Elderly Tourists (Retirees): Elderly tourists or retirees can also benefit from this visa.
Furthermore, the Second Home Visa can also be applied for accompanying family members, such as children, spouse, or parents.
Regulation of Second Home Visa
Circular Letter of Acting Director General of Immigration Number IMI-0740.GR.01.01 of 2022 on Second Home Temporary/Limited Stay Permit and Visa Grant (attached documents below)
Eligibility and Requirements for the Second Home Visa:
Financial Qualifications: To qualify for the Second home Visa, Individuals must fulfill specific financial requirements. These including acquiring real estate in Indonesia, securing long term rental accomodations or demonstrating financial resources equivalent to at least USD 130,000. For more details you can see the requirements here
Age and Health: There is no age limit to apply for the Second Home Visa, and applicants are not required to undergo a health assessment.
Income and Background Check: Applicants need to provide proof of a consistent source of income, which can come from various sources such as pensions, investments, or business earnings.
Duration and Extensions: The Second Home Visa is granted for a 5-10 years period.
Retirement KITAS: How Does It Differ?
The Retirement KITAS (Kartu Izin Tinggal Terbatas) is another popular option for foreign retirees looking to make Indonesia their home. While the Second Home Visa and Retirement KITAS share some similarities, they also have notable differences.
Eligibility and Requirements for Retirement KITAS:
Age Requirement: The Retirement KITAS is explicitly aimed at individuals aged 55 and above. This visa option caters to retirees looking to enjoy their golden years in Indonesia.
Financial Requirements: Providing evidence of a minimum pension fund of USD 3,000 per month or USD 36,000 per year is a prerequisite for applicants. for more info about the requirements, you can click here
Health Insurance: Retirement KITAS applicants are required to have health insurance coverage during their stay in Indonesia.
Duration and Extensions: The initial Retirement KITAS is granted for one year, with the possibility of annual extensions and now there is also retirement KITAS for 5 years (Silver hair visa) and you can see the requirement here
Specific Requirements: hire a maid or nanny or helper (local helper preferred) also sign a lease agreement for one year. The immigration will ask the agreement contract, yet Indofastpermit will help you to fulfil the requirements!
Choosing the Right Option for You:
Deciding between the Second Home Visa and Retirement KITAS depends on your individual circumstances and goals. If you're under 55 and have a desire to invest or engage in business activities in Indonesia, the Second Home Visa might be the ideal choice. On the other hand, if you're a retiree aged 55 and above seeking a relaxed lifestyle in Indonesia, the Retirement KITAS could be a better fit.
Both options allow you to immerse yourself in Indonesia's vibrant culture, explore its natural beauty, and create lasting memories. Before making a decision, it's advisable to consult with legal experts or immigration consultants to ensure you meet all requirements and understand the nuances of each visa option.
Embarking on your journey to obtain the Second Home Visa or any other Indonesian visa can be complex and time-consuming. Navigating through the requirements, paperwork, and regulations might seem daunting. That's where Indofastpermit comes in – your trusted partner in making this process hassle-free and seamless. Our experienced team is dedicated to handling all the intricacies on your behalf, ensuring that you can focus on embracing the adventure that awaits you in Indonesia.
Frequently Asked Questions (FAQ)
"How Much is Required for Second Home Visa Application?"
To apply for the Second Home Visa, you need to have 2 Billion IDR or the equivalent of USD 135,000 in your bank account (amount varies based on the exchange rate).
“Can We Work on A Second Home Visa in Indonesia?”
The Second Home Visa in Indonesia does not permit holders to engage in any form of employment or work within the country. This visa is designed primarily for individuals who wish to invest, reside, or retire in Indonesia without participating in the local workforce. It's important to note that working while holding a Second Home Visa is not allowed, and engaging in employment activities without the appropriate work visa can lead to legal consequences. If your intention is to work in Indonesia, you would need to explore other types of visas that allow employment, such as a work visa (KITAS).
4. “Do we need a Guarantor/Sponsor to apply for The Second Home Visa (KITAS)?”
No, the Second Home Visa (KITAS) in Indonesia does not typically require a guarantor or sponsor for application. Yet the Molina application will still ask for the guarantee letter from an individual or company. It's important to carefully review the official guidelines and requirements from Indonesian immigration authorities or consult with legal experts before applying for the Second Home Visa to ensure you have accurate and up-to-date information.
5. “Is Second Home Visa the same as Digital Nomad Visa in Indonesia?”
the Second Home Visa is geared towards those who want to establish a long-term presence in Indonesia. For digital nomad visa, you can see the article here
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