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 18, 2026. Bali is a primary destination within this program, especially for lifestyle-driven individual investors and second-home visa holders, although corporate investments dominate the overall figures.
Bali Golden Visa 2027 vs. Second Home Visa: Which One Fits Your Goals?
Understanding the distinctions between Indonesia’s Golden Visa and the Second Home Visa is crucial for individuals considering long-term residency in Indonesia, particularly in destinations like Bali. This article clarifies the requirements, benefits, and investment profiles for each visa, providing a factual basis for your decision in 2027.
1. Market Size and Growth of Indonesia’s Golden Visa Program
Indonesia’s Golden Visa program, established in July 2024, has demonstrated substantial growth, primarily driven by corporate investments. By May 18, 2026, the program had facilitated approximately US$2.93–2.95 billion (Rp 52.1 trillion) in investment, distributed across 1,274 permits.
Investment Breakdown
- Corporate Investors: Account for the significant majority, approximately 97–98% of total investment, equating to about US$2.86–2.88 billion (Rp 50.88 trillion). These investments typically involve large-scale projects or capital injections into Indonesian entities.
- Individual Investors and Other Categories: The remainder, roughly US$17–33 million (Rp 309–559 billion), includes individual Golden Visa holders, Second Home Visa holders, and members of the diaspora or former citizens. This segment often targets lifestyle and luxury real estate opportunities.
Growth Trajectory and Pace
The program’s growth has shown two distinct phases:
- Initial Phase (Launch to September 2025): Over roughly 14 months, 1,012 permits were issued, attracting approximately US$2.7 billion (Rp 48 trillion). This period saw an average of about 72 permits issued per month.
- Subsequent Phase (September 2025 to May 2026): In the following eight months, an additional 262 permits were issued, with investments totaling around US$230–232 million (Rp 4.1 trillion). The monthly average dropped to approximately 33 permits, indicating a normalisation or slower issuance pace compared to the initial surge.
The average investment per permit across the program’s lifetime is approximately US$2.3 million. However, for permits issued after September 2025, this average decreased to about US$887,000. This suggests a shift towards a greater proportion of mid-sized investments rather than solely very large corporate tickets.
Bali’s Role in the Golden Visa Program
While official regional data is not publicly available, Bali is consistently identified by property and advisory sources as a primary destination for lifestyle-oriented Golden Visa holders. This applies particularly to individual investors and those utilising the Second Home Visa route, drawn by Bali’s appeal as a residential and investment location.
2. Golden Visa: Requirements and Benefits
The Golden Visa is designed for high-net-worth individuals and corporate entities committing substantial investment to Indonesia. It offers long-term residency and various benefits aimed at fostering economic growth.
Investment Requirements for Individuals
Individual applicants must commit specific investment amounts, which can vary based on the desired duration of the visa:
- 5-Year Golden Visa: Requires an investment of US$2.5 million.
- 10-Year Golden Visa: Requires an investment of US$5 million.
These investments can be made in various forms, including purchasing Indonesian government bonds, shares of public companies, or mutual funds, or by placing funds in an Indonesian bank account. The investment must be maintained for the duration of the visa.
Benefits of the Golden Visa
- Extended Stay: Offers residency for 5 or 10 years, providing stability and reducing administrative burdens associated with frequent visa renewals.
- Priority Services: Golden Visa holders may receive expedited immigration processing and other priority services at airports and immigration offices.
- Ease of Business: Facilitates business activities and investments within Indonesia without requiring additional work permits in certain categories.
- Dependents: Allows for the inclusion of eligible dependents, such as spouses and children, under the same visa category.
3. Second Home Visa: Requirements and Benefits
The Second Home Visa caters to individuals who wish to reside in Indonesia for an extended period without the significant investment required for the Golden Visa. It is popular among retirees, remote workers, and those seeking a long-term base in Bali or other Indonesian locations.
Investment Requirements for the Second Home Visa
Applicants for the Second Home Visa must demonstrate proof of funds. This typically involves:
- Proof of Funds: Presenting a bank statement showing a minimum of Rp 2 billion (approximately US$125,000–130,000, subject to exchange rate fluctuations) in an Indonesian bank account. This amount must be maintained for the duration of the visa.
This requirement is considerably lower than the Golden Visa, making it accessible to a broader range of individuals.
Benefits of the Second Home Visa
- Long-Term Stay: Provides a 5-year residency permit, renewable for subsequent 5-year periods.
- Flexibility: Does not impose strict investment requirements beyond the proof of funds, offering more flexibility in how individuals manage their finances.
- Lifestyle Focus: Ideal for individuals primarily seeking a long-term residence for leisure, retirement, or remote work, without a direct focus on large-scale investment in Indonesia.
- Dependents: Spouses and children can also apply for Second Home Visas, allowing families to reside together in Indonesia.
4. Comparing Golden Visa and Second Home Visa
The choice between the Golden Visa and the Second Home Visa depends on your financial capacity, long-term goals, and desired level of engagement with the Indonesian economy. The following table summarises key differences:
| Feature | Golden Visa | Second Home Visa |
|---|---|---|
| Investment Threshold | US$2.5M (5 years), US$5M (10 years) | Rp 2 billion (approx. US$125,000–130,000) |
| Investment Type | Bonds, shares, mutual funds, bank deposit | Bank deposit (proof of funds) |
| Residency Duration | 5 or 10 years | 5 years (renewable) |
| Primary Target | High-net-worth investors, corporate entities | Retirees, remote workers, long-stay residents |
| Economic Focus | Direct investment, economic contribution | Long-term residency, lifestyle |
| Immigration Benefits | Priority services, expedited processing | Standard processing |
5. 2027 Note on Program Evolution
As of 2027, there is an ongoing review of the Golden Visa’s impact on regional development, particularly in areas like Bali. Future adjustments to investment categories or regional incentives may be introduced to direct investment more specifically towards sustainable tourism infrastructure or local economic projects, potentially affecting the types of investments prioritised for visa issuance.
6. Which Visa Fits Your Goals?
If your primary objective is to make a substantial financial contribution to Indonesia, gain long-term residency with associated priority services, and potentially engage in significant business ventures, the Golden Visa is the more suitable option. The bali golden visa investment amount reflects a commitment to the Indonesian economy and provides a robust legal framework for extended stay and business operations.
Conversely, if you seek a long-term residence in Indonesia for lifestyle purposes, retirement, or remote work, and prefer a lower financial commitment, the Second Home Visa provides an effective pathway. It offers stability for individuals and families without requiring direct investment into specific economic instruments beyond maintaining a specified bank balance.
Bali Golden Visa is a licensed immigration consultancy handling Indonesian visas end-to-end. For personalised advice on which visa aligns with your individual circumstances and goals, request a free eligibility assessment on WhatsApp.