INVESTOR KITAS
Investor KITAS (Kartu Izin Tinggal Terbatas) is a type of limited stay permit in Indonesia specifically designed for foreign investors who intend to invest and engage in business activities within the country. This permit allows foreign investors to legally reside and conduct business in Indonesia for a specified period.
What are the benefits of choosing an Investor KITAS instead of a Working KITAS?
Well, when it comes to residing in Indonesia as an investor, there's some great news. Following some updates to the regulations by BKPM in 2019, Indonesia now offers extra perks to investors living here. Before this change, investors had to go for a Working KITAS (Index code 312) and a working permit, which cost $1,200 per year - it was mandatory.
But thanks to this amendment, Investor KITAS holders no longer need working permits. This means you can save $100 per month or $1,200 per year in Visa costs.
How much money can someone save by choosing an Investor KITAS instead of a Working KITAS?
If you're eligible for an Investor KITAS, you're in for some significant savings. The Investor KITAS is available for either 1 year or 2 years. To give you an example, if you opt for the 2-year Investor KITAS, you'll save $2,400 over this period. This is due to the fact that you won't have to contribute to the non-compulsory DPKK fund, and you'll also avoid yearly KITAS processing and associated costs.
Who is eligible to apply for an Investor KITAS?
Before you can obtain an Investor KITAS, your company's authorized capital needs to be more than 10 billion rupiah, with at least 25% of this capital paid up. For companies established before 2009, a lower capital investment is possible. Additionally, as an investor, you should have a minimum of 1 billion rupiah worth of personal shares invested in a PMA company and hold the position of either Director or Commissioner.
If you're an investor without an official position in a PMA company but have personal shares valued over IDR 1,125,000,000 (one billion, one hundred and twenty-five thousand rupiah), you can still apply for an Investor KITAS. However, work privileges are not permitted.
Can you be employed while holding an Investor KITAS?
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If you're listed as a Director, you have the ability to work while holding an Investor KITAS. This is outlined in the Manpower regulation 'Permenaker No. 10 Year 2018 on Article 10, Article 22, and Article 26 point C.'
However, if you're listed as a Commissioner, you are not allowed to engage in employment. Nevertheless, you can still enjoy the benefits of a maximum 2-year stay permit. If you, as a Commissioner, wish to have work privileges, you'll need to own a minimum of IDR 1,125,000,000 (one billion, one hundred and twenty-five thousand rupiah) worth of shares in the company.
Is it possible for a company to request multiple Investor KITAS?
Absolutely! A single company is allowed to apply for more than one Investor KITAS, provided that the shares owned by the foreign individuals are clearly documented in the Company's Deed of Establishment and amount to a minimum of 1 Billion IDR.
Can the Investor KITAS cover visas for family members?
Yes, indeed! The Investor KITAS can extend its support to cover visas for dependents.​
Which documents are needed to start the process for an Investor KITAS?
To initiate the Investor KITAS application, you'll need the following documents:
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Investor’s passport: Ensure it has a validity of at least 18 months for a 1-year KITAS application.
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Company’s deed of establishment and amendments (if applicable)
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Ratification from the Ministry of Law and Human Rights (MoLHR) of the company sponsor (SK Kehakiman Pendirian Perusahaan dan Perubahannya) if applicable
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Tax Registration Number (NPWP) of the company sponsor
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Business Domicile
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Business License
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Business Identification Number (NIB)
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ID Card (KTP) and Tax ID (NPWP) of the Indonesian Director of the company sponsor (if required)
We can help you obtain all company documents mentioned above. Just contact us for free consultation.