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Business Consulting and Visa Services in Bali > Blog > Information > Long-term 10-year visa “Second Home” officially introduced

Long-term 10-year visa “Second Home” officially introduced

Posted by: BaliBusinessConsulting 26.10.2022 19 Comments
Bali Business Consulting | Visa Services in Bali

The General Directorate of Immigration has officially introduced a long-term visa “Second Home” for foreigners in Indonesia. This visa is intended for foreign citizens who plan to make a contribution to the Indonesian economy.

“The main goals are to attract foreign tourists to Bali and other destinations, Encouraging economic growth and Developing property business in Indonesia.”

Second Home Visa gives the right to stay in the country for 5 or 10 years (subject to all conditions) and engage in various activities that are NOT related to work. Also, “Second Home” visa holder can sponsor family (permit for followers) with the same period as the visa validity.

Main Requirements:

  • Passport validity min 36 months;
  • Proof of funds in the form of an Indonesian bank account owned by a foreigner of at least IDR 2 billion* OR proof of ownership of luxury real estate in Indonesia is required.

❗️The visa will be available for registration in 60 days after the publication of circular letter No. IMI-0740.GR.01.01 dated October 25, 2022

How To Apply For a Second Home Visa

STEP 1. Getting e-Visa to enter the country

To apply for eVisa, the applicant has to provide:
✔️ Passport valid for at least 36 months
✔️ A letter of guarantee stating that the applicant or guarantor will provide proof of funds with a minimum balance of IDR 2,000,000,000 or the equivalent of USD 150,000 / Hak Pakai (right to use) agreement of property (value of IDR 5,000,000,000) or apartment (value of IDR 2,000,000,000).
✔️ Passport size 4×6 photo on a white background
✔️ CV (curriculum vitae)

The process takes 8 business days. Once the e-Visa is ready, you will be able to come to Indonesia. You will have 90 days to use this visa after it has been issued.

STEP 2. Come to Indonesia

You will need to entrance through the ITAS section upon arrival. Your picture will be taken at the airport, and you will get your ITAS immediately. Airport immigration will stamp your passport, stating you must provide proof of funds/property within 90 days.

STEP 3. Provide the proof of funds or property 

Within 90 days of issuing a Second Home ITAS, the applicant should provide Immigration with proof of sufficient funds for issuing an ITAS in the form of:

  • an account owned by an applicant, for an amount of at least Rp. 2 billion in an Indonesian Government Bank (BNI, BRI, Mandiri)** or
  • proof of ownership of luxury real estate in Indonesia on behalf of an applicant in form of Hak Pakai (Right to use) agreement of property value of Rp. 5 billion or apartment value of at least Rp. 2 billion.

In case of a foreigner cannot show proof of fund/property in an Indonesian state-owned bank within 90 days, the ITAS will be canceled by the Immigration.

* 5 years ITAS may be directly extended in 5 years since granted up to 5 or 10 years.

** Second Home ITAS holders can use the money in their bank account, provided that upon the immigration office’s request, they are able to provide a current balance statement of at least Rp. 2 billion again.

Retirement Kitas holders can still extend their stay permit until further notice.

If you have any questions, please feel free to contact us. We will be glad to assist you

Leave a Reply

19 Comments

  • Beganovic

    Why do the funds need to be in Indonesian bank if we’re non-taxable foreigner, isn’t proof of funds from foreign bank valid?

    • BaliBusinessConsulting

      The Second Home visa will become available only at the end of December, perhaps some conditions for obtaining it will still be changed. Let’s wait for the final decision of the Indonesian government.

  • Julio Lobo

    Hello can you advice of agents that could help me with the process of the new 10 year Visa for Bali. I am 59 years &retired. need to move there with my wife.

    • BaliBusinessConsulting

      Second Home Visa is still not available. Please stay in touch when the visa will be officially launched, we will be glad to help you to get it. Thank you

  • Dale Rhall

    Hi there, The regulations of owning luxury real estate, does this include long term lease?

  • Arturo

    Hello. Will vaccine passport be required to apply? What is the tax regimen?

  • Julio Francis Lobo

    I would like to know more about how to apply for this visa. Is this Visa now available?

    • BaliBusinessConsulting

      Unfortunately, despite the announcement that the visa Second Home is officially launched, it is still not possible to apply for a visa. Please stay in touch, we will post update as soon as we received official confiormation from the Immigration.

  • Dawn Sterzel

    Hello
    Is the second home visa available? What is the amount needed to spend on a luxury house?

  • Matteo Busseni

    Hello
    I need information for the second home visa
    The money 2 bilion can be invest in government bond in bank mandiri ?
    Is possible in bank bca or need to be mandiri ?

  • Lo

    Is there any requirement to stay in Indonesia for a minimum length of time in each year under the second home visa?

  • Lo

    Also, after 10 years, can the second home visa be further extended?

  • Ally

    Can the Foreigner under this scheme own a property outright, freehold?

  • Terry Filbert

    Is second home visa still available