Indonesia’s Golden Visa, launched in July 2024, has attracted approximately US$2.9–3.0 billion in investment across 1,274 permits by May 2026. Bali has emerged as a significant hub for lifestyle and property investment within this program, appealing to high-net-worth individuals and corporate entities seeking long-stay residency and luxury real estate.
Bali Golden Visa 2027: The Ultimate Buyer’s Guide for Investors
This guide provides a comprehensive overview for investors considering Indonesia’s Golden Visa in 2027, with a specific focus on Bali. We detail market size, growth trajectories, and investment requirements based on official data and market observations.
1. Market Size & Growth: Indonesia’s Golden Visa Program
Indonesia’s Golden Visa program, operational since July 2024, has demonstrated substantial investor interest. By May 18, 2026, the program had facilitated approximately Rp 52.1 trillion (≈ US$2.93–2.95 billion) in investment. This was distributed across 1,274 permits, encompassing both individual and corporate applicants.
Corporate vs. Individual Investment
The majority of investment volume originates from corporate entities. Corporate investors account for approximately 97–98% of the total investment, equating to Rp 50.88 trillion (≈ US$2.86–2.88 billion). Individual investors, along with other categories such as second home visa holders and diaspora/former citizens, contributed the remaining Rp 309–559 billion (roughly US$17–33 million), depending on the specific categorisation criteria applied.
2. Growth Trajectory and Investment Trends
The program’s growth can be segmented into distinct phases, revealing shifts in the pace and nature of investment.
- Initial Phase (Launch to September 2025): Over its first approximately 14 months, the program issued 1,012 permits, attracting around Rp 48 trillion (≈ US$2.7 billion) in investment. This period saw an average issuance rate of approximately 72 permits per month.
- Subsequent Phase (September 2025 to May 2026): The following eight months recorded an additional 262 permits and approximately Rp 4.1 trillion (≈ US$230–232 million) in investment. The average monthly issuance rate in this period dropped to approximately 33 permits, indicating a normalisation or reduction in the pace of new applications.
Average Investment Per Permit
The average investment per permit across the full program life stands at approximately US$2.3 million. However, a notable shift occurred in the later phase. For the 262 permits issued after September 2025, the average investment per permit decreased to approximately US$887,000. This suggests a trend towards fewer very large corporate investments and an increase in mid-sized investor participation.
3. Bali’s Role in the Golden Visa Program
While official regional breakdowns are not publicly available, Bali is consistently identified by property and advisory sources as a primary destination for Golden Visa holders. This is particularly true for individuals pursuing lifestyle-driven investments, often through the individual investor or second-home visa routes.
Bali’s Market Inference for 2027
Bali’s real estate market experienced significant appreciation in 2026, with average property values rising by approximately 18–22% across key investor locations. This growth was influenced by both domestic demand and international interest, including an inferred portion from Golden Visa investors. New luxury villa developments and integrated resorts continue to attract high-net-worth individuals, contributing to Bali’s prominence within the program.
2027 Note: Investors considering Bali in 2027 should anticipate continued strong demand for high-end properties. The regulatory framework for property ownership by foreign individuals is expected to remain stable, reinforcing Bali’s appeal as a long-term investment destination within the Golden Visa context.
4. Golden Visa Investment Requirements (2027 Outlook)
The Golden Visa offers various investment tiers, each conferring different residency durations. The primary investment requirements, which are expected to remain consistent for 2027, are outlined below:
Individual Investor Requirements
Applicants must invest in Indonesian government bonds, shares of public companies, or mutual funds. Alternatively, direct investment in an Indonesian company (PMA) is an option. The investment amounts determine the visa validity:
- 5-Year Visa: An investment of US$2.5 million.
- 10-Year Visa: An investment of US$5 million.
For individuals applying as a group (e.g., a family), the investment threshold for a 5-year visa is US$25 million, and for a 10-year visa, it is US$50 million. These amounts cover up to five applicants.
Corporate Investor Requirements
Companies investing in Indonesia through a PMA (Penanaman Modal Asing) are eligible for the Golden Visa for their directors and commissioners. The investment must be in the form of shares, with specific thresholds:
- 5-Year Visa: An investment of US$25 million.
- 10-Year Visa: An investment of US$50 million.
Each director or commissioner sponsored by the investing company will receive a Golden Visa corresponding to the company’s investment tier.
5. The Second Home Visa as an Alternative
For those primarily interested in long-term residency in Bali without the higher investment thresholds of the Golden Visa, the Second Home Visa remains a viable option. This visa category requires a deposit of Rp 2 billion (approximately US$125,000–130,000) into an Indonesian state-owned bank account or proof of ownership of property in Indonesia valued at the same amount. The Second Home Visa grants a 5-year stay permit, renewable for an additional 5 years. It is important to note that this visa does not provide a direct path to citizenship or permanent residency but offers extended legal stay for retirees, remote workers, and individuals seeking a long-term base in Indonesia, including Bali. The funds must be held in Indonesia for the duration of the visa.
6. Bali Visa for Digital Nomads and Remote Workers
While the Golden Visa caters to significant investors, the Indonesian government has also facilitated options for digital nomads and remote workers, often referred to as the ‘bali visa for digital nomads’. The B211A Visit Visa, specifically for tourism or social-cultural purposes, has been widely used by remote workers for stays of up to 60 days, extendable twice for a total of 180 days. For longer stays, the Second Home Visa is a more appropriate option, as it permits a 5-year residency. There is no specific ‘digital nomad visa’ that allows working for an overseas company without tax implications in Indonesia, but the existing visa framework provides avenues for long-term residency for those with independent means.
7. Key Considerations for 2027 Investors
Understanding the nuances of the Indonesian investment landscape is crucial for Golden Visa applicants. The following table summarises key aspects:
| Aspect | Detail for 2027 |
|---|---|
| Investment Focus | Luxury real estate (villas, resorts), hospitality, and sustainable development projects in Bali remain attractive. Corporate investments target sectors like manufacturing, infrastructure, and technology across Indonesia. |
| Market Stability | Indonesia’s economy is projected to maintain stable growth. Government policies continue to support foreign direct investment. |
| Regulatory Environment | The Golden Visa framework is designed to be stable, providing clarity for long-term investors. Amendments are possible but generally aim to refine rather than overhaul the program. |
| Property Market | Bali’s property market is expected to continue its upward trajectory, particularly in prime locations. Due diligence on land titles and ownership structures is essential. |
| Taxation | Golden Visa holders are subject to Indonesian tax laws. Professional advice on tax residency and obligations is recommended. |
Indonesia’s Golden Visa program offers a structured pathway for significant investors seeking long-term residency. Bali continues to be a focal point for lifestyle investments, supported by its growing property market and appeal to high-net-worth individuals. For detailed guidance on eligibility and the application process, request a free eligibility assessment on WhatsApp.