Exploring Indonesia’s Golden Visa Program for Former Indonesian Citizens
For those who have previously held Indonesian citizenship and wish to vibrant the archipelago, the Indonesian government offers a unique opportunity through the Golden Visa program, also referred to as Visa E32
Understanding the Golden Visa Program
The Golden Visa program is designed to facilitate the return of former Indonesian citizens (Ex WNI) and their families who wish to reside in Indonesia for an extended period. This visa provides Ex WNI with the flexibility to live, work, and invest in Indonesia without the constraints of traditional immigration requirements.
Types of Golden Visa (diaspora) for ex WNI:
E32A : A person who was previously an Indonesian and has acquired citizenship of another country, who will stay for five years in Indonesia by fulfilling the immigration guarantee. This visa valid for 5 years. --> Commitment to Investment for E32A In addition to meeting the basic eligibility criteria, Ex WNI are also required to make a commitment to invest in Indonesia. This can be fulfilled through one of the following options:
Government Bonds (obligasi Indonesia): Investing a minimum of US$35,000 in Indonesian government bonds.
Stocks: Acquiring shares in publicly listed Indonesian companies with a minimum investment of US$35,000.
Mutual Funds: Investing in mutual funds offered by Indonesian asset management companies with a minimum investment of US$35,000. It's important to note that Ex WNI must fulfill their investment commitment within 90 days of being granted the Golden Visa.
E32B : A person whose parent or grand parent was Indonesian but has acquired the nationality of another country, who will stay in Indonesia for five or ten years by fulfilling the immigration guarantee. This visa valid for 5-10 years. --> Commitment to Investment for E32B In addition to meeting the basic eligibility criteria, Ex WNI are also required to make a commitment to invest in Indonesia. This can be fulfilled through one of the following options:
Government Bonds (obligasi Indonesia): Investing a minimum of US$50.000 in Indonesian government bonds.
Stocks: Acquiring shares in publicly listed Indonesian companies with a minimum investment of US$50.000.
Mutual Funds: Investing in mutual funds offered by Indonesian asset management companies with a minimum investment of US$50.000. It's important to note that Ex WNI must fulfill their investment commitment within 90 days of being granted the Golden Visa.
E32C : A person who was previously an Indonesian and has acquired citizenship of another country, who will stay for two years in Indonesia and guaranteed by the guarantor. This Visa valid for 2 years.
E32D : A person who was previously an Indonesian and has acquired citizenship of another country, who will stay for one year in Indonesia by fulfilling the immigration guarantee. This Visa valid for 1 year. --> Commitment to Investment for E32D In addition to meeting the basic eligibility criteria, Ex WNI are also required to make a commitment to invest in Indonesia. This can be fulfilled through one of the following options:
Government Bonds (obligasi Indonesia): Investing a minimum of US$15.000 in Indonesian government bonds.
Stocks: Acquiring shares in publicly listed Indonesian companies with a minimum investment of US$15.000.
Mutual Funds: Investing in mutual funds offered by Indonesian asset management companies with a minimum investment of US$15.000. It's important to note that Ex WNI must fulfill their investment commitment within 90 days of being granted the Golden Visa.
Eligibility Requirements
To qualify for the Golden Visa, Ex WNI must meet certain criteria outlined by the Indonesian government. These requirements include:
Valid Passport: Ex WNI must possess a passport valid for a minimum of 6 months beyond the intended period of stay in Indonesia.
Passport Photos: Recent passport-sized photos are required for visa application purposes.
Proof of Financial Means: Ex WNI must demonstrate the financial capability to support themselves and their dependents during their stay in Indonesia. A minimum proof of living expenses of US$2.000 is required.
Curriculum Vitae.
Document that proves that the Foreigner has been an Indonesian citizen, among others: o Identity card; o Birth certificate; o Family card; o Passport of the Republic of Indonesia; o Diploma, or o House certificate.
Benefits of the Golden Visa
The Golden Visa offers Ex WNI and their families a range of benefits, including:
Long-term Residence: The visa allows Ex WNI to reside in Indonesia for an extended period, providing stability and security.
Investment Opportunities: By fulfilling the investment requirement, Ex WNI can actively contribute to Indonesia's economy and potentially benefit from financial returns.
Cultural Integration: Living in Indonesia enables Ex WNI and their families to immerse themselves in the country's diverse culture, language, and way of life.
Looking to consult on government bond investments and other investment options? Ex-Indonesian citizens applying for the Golden Visa diaspora can contact IndofastPermit for any assistance!
#ex-wnivisa #goldenvisaforexwni
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