Indonesia’s Golden Visa, launched in July 2024, has attracted approximately US$2.9–3.0 billion in investment by May 2026, across 1,274 permits. Bali is a primary destination within this program for long-stay residency and luxury real estate, particularly for lifestyle-driven investors, retirees, and remote workers.
Bali Golden Visa 2027 for Directors: E28D Investment Requirements
The Indonesia Golden Visa program, established in July 2024, offers a pathway to extended residency for significant investors. For directors, specifically under the E28D visa category, understanding the investment requirements for 2027 is crucial. This article outlines the current landscape of the Golden Visa program, its growth, and the specific considerations for corporate directors seeking long-term stay in Indonesia, with a focus on Bali.
1. Program Overview and Market Dynamics
Indonesia’s Golden Visa scheme aims to attract foreign capital and talent. By May 18, 2026, the program had generated approximately US$2.93–2.95 billion (Rp 52.1 trillion) in total investment across 1,274 permits. Corporate investments significantly dominate this figure, accounting for roughly 97–98% of the total, or US$2.86–2.88 billion (Rp 50.88 trillion). Individual investors, including second home visa holders and diaspora, contributed approximately US$17–33 million (Rp 309–559 billion).
Bali has emerged as a key hub within this program, attracting a substantial portion of lifestyle-driven Golden Visa holders. While official regional breakdowns are not published, property and advisory sources consistently identify Bali as a primary destination for individual investors and those seeking luxury real estate and extended residency.
2. Growth Trajectory and Investment Trends
The Golden Visa program’s initial phase, from launch to September 2025, saw 1,012 permits issued, bringing in approximately US$2.7 billion (Rp 48 trillion). This period averaged around 72 permits per month. The subsequent eight months, from September 2025 to May 2026, recorded an additional 262 permits and roughly US$230–232 million (Rp 4.1 trillion) in investment. The average issuance rate during this later period slowed to approximately 33 permits per month, suggesting a normalisation or decrease in the initial surge.
The average investment per permit over the entire program life is approximately US$2.3 million. However, for the 262 permits issued after September 2025, the average investment per permit dropped to around US$887,000. This shift indicates a trend towards more mid-size investors and potentially fewer very large corporate investments in the later stages of the program.
3. Bali’s Position in the Golden Visa Program
While specific data for Bali’s share of Golden Visa permits is not officially released, its prominence as a destination for high-net-worth individuals and long-stay residents is well-established. Bali’s appeal is driven by its lifestyle offerings, luxury property market, and established expat community. For directors considering the E28D visa, Bali presents opportunities for both personal residency and strategic business investment.
2027 note: Directors planning to apply for the Golden Visa in 2027 should anticipate continued scrutiny of investment sources and business plans, ensuring alignment with Indonesia’s economic development goals, particularly in sustainable tourism and digital industries in Bali.
4. Bali Second Home Visa Fee and Golden Visa Distinction
The Bali Second Home Visa, while distinct from the Golden Visa, caters to a similar demographic of individuals seeking extended stays. The second home visa typically requires proof of funds or assets, often in the range of Rp 2 billion (approximately US$125,000–130,000). The Golden Visa, particularly for director categories, involves significantly higher investment thresholds.
The distinction lies in the investment amount and the associated benefits. Golden Visa holders generally receive longer validity periods, streamlined immigration processes, and potential tax incentives, depending on the specific visa category and duration. The bali second home visa fee is generally lower as it is not an investment visa. For directors, the E28D Golden Visa offers a more robust long-term residency solution tied directly to corporate investment in Indonesia.
5. E28D Golden Visa Investment Requirements for Directors
The E28D Golden Visa category is designed for foreign directors who make a substantial corporate investment in Indonesia. The precise investment thresholds are periodically updated by the Indonesian government. Based on the program’s structure and the average investment figures observed, directors should be prepared for significant capital commitments.
The current framework for corporate Golden Visas (E28D) generally requires investment into an Indonesian company. The specific amount can vary based on the desired visa validity (e.g., 5-year or 10-year). The investment is typically in the form of capital injection or asset acquisition that contributes to the Indonesian economy.
- Individual Directors (E28D) with a company: The investment is often tied to the capital of the company in which the director is appointed. This can range from US$350,000 (Rp 5.5 billion) for a 5-year visa to US$700,000 (Rp 11 billion) for a 10-year visa, deposited into the company’s account.
- Other corporate investment options: Larger corporate investments, often exceeding US$2.5 million, can qualify multiple directors or key personnel for Golden Visas.
It is important to note that these figures are approximate and subject to official regulations. The investment must typically be verifiable and contribute to the Indonesian economy through job creation, technology transfer, or significant economic activity.
6. Application Process and Documentation
The application process for the E28D Golden Visa involves several steps, including:
- Submission of a comprehensive business plan detailing the investment.
- Proof of funds and investment capital.
- Company registration and legal documentation in Indonesia.
- Personal documentation of the director (passport, education, experience).
- Compliance with due diligence checks.
The process is managed by the Directorate General of Immigration in coordination with the Ministry of Investment (BKPM) and other relevant government bodies. Expert guidance is recommended to navigate the complexities of corporate investment and visa application.
7. Comparative Table: Golden Visa vs. Second Home Visa
| Feature | Golden Visa (E28D) | Second Home Visa |
|---|---|---|
| Purpose | Corporate Investment & Long-term Residency | Extended Residency (Non-Working) |
| Primary Applicant | Director of an Indonesian Company | Individual (Retiree, Remote Worker) |
| Investment/Funds Required | Approx. US$350,000 to US$700,000+ (Corporate Capital) | Approx. US$125,000 (Proof of Funds) |
| Visa Validity | 5 or 10 years | 5 or 10 years |
| Key Benefit | Investment-linked residency, potential incentives | Long-term stay, no work permit |
| Target Audience | Investors, Business Owners, Directors | Retirees, Lifestyle Seekers |
Understanding these differences is crucial for directors evaluating the most suitable long-term residency option in Indonesia. The Golden Visa is specifically tailored for those making a substantial economic contribution through corporate investment.
For directors seeking long-term residency through corporate investment in Indonesia, the Golden Visa E28D offers a structured pathway. Given the specifics of the bali second home visa fee, it is important to distinguish between the two for planning purposes. We advise prospective applicants to consult with immigration specialists to ensure compliance with the latest regulations and to strategise their investment effectively. To understand your eligibility for the Golden Visa or other long-term residency options in Indonesia, request a free eligibility assessment on WhatsApp.