
Dream of owning a business in Bali? Like many others, building your business in Bali is a lifelong dream. To ensure your business is up to speed and run smoothly, first, you need to have the necessary requirement to run it.
According to PERMENKUMHAM NO.22/2023 and the latest update from the Immigration Department of Indonesia, there are several important things to take into consideration:
For Investor Temporary Stay Permit (KITAS) for 2 years who has Foreign Investment in Indonesia (non-Golden Visa)
· The shareholder can appeal for KITAS by having a minimum of 10 billion rupiahs (IDR) in shares.
· Ministerial decision for the authorization of limited liability company (Perseroan Terbatas).
· Company’s checking account report for the last 3 months.
Golden Visa for Individual Foreign Investment in Indonesia for 5 and 10 years
· Proof of share ownership in a certain quantity within a company outside Indonesia
· Proof of turnover/ certain sales value in a company abroad
Requirements for guarantee
· For 5 years Golden Visa; Immigration guarantee of written commitment that stated Foreigner who build a company in Indonesia with shares or investment value of minimum US$ 2.500.000 (two million and five hundred thousand US dollars)
· For 10 years Golden Visa; Immigration guarantee of written commitment that stated Foreigner who build a company in Indonesia with shares or investment value of minimum US$ 5.000.000 (five million US dollars)
For further info and our service, please contact us at www.panduconsultancy.com