Indonesia’s Golden Visa program, launched nationally in July 2024, has drawn significant investment, with Bali emerging as a key destination. While the program is primarily driven by corporate investments, individual investors targeting long-stay residency and luxury real estate in Bali are a growing segment. The ability to secure a Golden Visa through property acquisition in 2027 depends on meeting specific investment thresholds, which are not solely tied to real estate.
Can You Get Bali’s Golden Visa by Buying an Apartment in 2027? Yes
The Indonesia Golden Visa program, introduced nationally in July 2024, has facilitated approximately US$2.9–3.0 billion in investment through 1,274 permits by May 18, 2026. Bali has established itself as a significant hub for this program, particularly for lifestyle-driven investors and those interested in luxury property.
While the program’s primary objective is to attract substantial foreign direct investment, it also caters to high-net-worth individuals seeking long-term residency. The question of whether buying an apartment in Bali can lead to a Golden Visa in 2027 is pertinent for many prospective expatriates and investors. The short answer is yes, but it requires meeting specific investment criteria that may or may not be directly fulfilled by a single property purchase.
1. Market Size & Growth of Indonesia’s Golden Visa Program
Indonesia’s Golden Visa program has seen substantial financial inflows since its inception. By May 18, 2026, the total investment generated through the program reached Rp 52.1 trillion, approximately US$2.93–2.95 billion. A total of 1,274 permits have been issued, encompassing both individual and corporate applicants.
- Corporate investors account for the vast majority of this investment, contributing approximately Rp 50.88 trillion (US$2.86–2.88 billion), representing 97–98% of the total.
- Individual investors, along with other categories such as second-home visa holders and diaspora/former citizens, account for the remaining Rp 309–559 billion (roughly US$17–33 million).
The program’s growth trajectory shows an initial rapid uptake followed by a more normalised pace:
- From its launch to September 2025, 1,012 permits were issued, attracting approximately Rp 48 trillion (US$2.7 billion) in investment. This period averaged about 72 permits per month.
- From September 2025 to May 2026 (an eight-month period), an additional 262 permits were issued, bringing in approximately Rp 4.1 trillion (US$230–232 million). The average issuance rate during this period dropped to around 33 permits per month, roughly half the earlier pace, indicating a stabilisation in the volume of applications.
The average investment per permit over the program’s lifetime is approximately US$2.3 million. However, for the permits issued after September 2025, the average investment decreased to about US$887,000. This suggests a shift towards fewer extremely large corporate investments and an increase in mid-size investors.
2. Bali’s Role in the Golden Visa Program
While official regional breakdowns of Golden Visa investments are not publicly available, Bali is consistently cited by property and advisory sources as a primary destination for lifestyle-driven Golden Visa holders. This is particularly true for individuals utilising the individual investor and second-home visa routes.
Bali’s appeal stems from its established expatriate community, developed infrastructure, and attractive luxury real estate market. The island’s property market, especially in areas favoured by expatriates, continues to attract significant foreign interest.
3. Golden Visa Requirements and Property Ownership in 2027
As of 2027, the Golden Visa requirements are expected to remain consistent with the established framework, focusing on direct investment into Indonesian entities or government bonds. Direct property ownership itself does not automatically qualify for the Golden Visa unless it forms part of a larger investment structure that meets the minimum thresholds.
Individual Golden Visa Categories:
The individual Golden Visa categories are typically structured around the following investment tiers:
| Visa Duration | Required Investment (IDR) | Required Investment (USD, approximate) |
|---|---|---|
| 5 Years | Rp 3.5 billion | US$225,000 |
| 10 Years | Rp 7 billion | US$450,000 |
These investments are generally required to be placed in Indonesian government bonds or shares of publicly listed Indonesian companies. While purchasing an apartment is a significant financial commitment, it typically falls under a different legal framework for foreign property ownership and does not directly count towards the Golden Visa investment requirement unless structured as an investment in a specific type of property development entity that qualifies.
For instance, if an individual invests in a property development company that is a publicly listed entity in Indonesia, and the investment meets the minimum threshold, it could potentially contribute to eligibility. However, simply buying a freehold or leasehold apartment for personal use does not directly qualify as the type of investment specified for the Golden Visa.
2027 Note:
By 2027, it is anticipated that the Indonesian government will have refined the implementation guidelines for the Golden Visa, potentially introducing specific pathways or clearer criteria for real estate-related investments to count towards the program, especially for luxury developments that contribute significantly to the local economy and job creation. However, as of current regulations, direct property purchase for personal use is distinct from the financial investment required for the Golden Visa.
4. Golden Visa Documents Needed
To apply for the Golden Visa, applicants will need to compile a comprehensive set of documents. While the exact list can vary slightly based on individual circumstances and the specific investment route chosen, the core requirements generally include:
- Valid passport with at least 18 months validity (for 5-year visa) or 30 months validity (for 10-year visa).
- Proof of funds or investment, demonstrating the required minimum investment amount has been made into an eligible Indonesian instrument (e.g., government bonds, shares in public companies).
- Bank statements from the applicant’s country of origin.
- Curriculum Vitae (CV) or professional resume.
- Recent passport-sized photographs.
- Health certificate from a recognised medical institution.
- Police clearance certificate from the country of origin.
- Proof of address in Indonesia (if applicable).
- Statements of commitment for future investment plans (for corporate categories).
- Any other documents as required by the Indonesian immigration authorities or investment board.
For corporate Golden Visa applications, additional documentation such as company registration documents, business plans, and proof of legal entity establishment in Indonesia will be required.
5. The Second Home Visa as an Alternative
For individuals whose primary goal is long-term residency in Bali through property ownership, but who may not meet the Golden Visa’s direct investment criteria, the Second Home Visa remains a viable alternative. This visa category allows foreigners to reside in Indonesia for an extended period (typically 5 or 10 years) by demonstrating proof of funds in an Indonesian bank account, which is a significantly lower threshold than the Golden Visa’s investment requirements.
While the Second Home Visa does not offer the same comprehensive benefits as the Golden Visa, such as expedited immigration processes or specific tax incentives, it provides a direct pathway for long-term stay based on financial solvency, making it suitable for retirees or those primarily interested in residential property ownership without active business investment.
6. Conclusion: Property and Visa Strategy
Purchasing an apartment in Bali in 2027 can be part of a broader strategy to obtain long-term residency in Indonesia. However, it is crucial to understand that direct property acquisition for personal use does not, by itself, grant eligibility for the Golden Visa. The Golden Visa demands specific financial investments into government-approved instruments or entities.
Individuals interested in combining property ownership with a Golden Visa should explore options such as investing in qualifying property development projects, or ensuring their total investment portfolio in Indonesia meets the Golden Visa thresholds through other means (e.g., government bonds, public company shares) in addition to their property purchase.
For a tailored assessment of your eligibility and to understand the most suitable visa pathway for your objectives in Bali, request a free eligibility assessment on WhatsApp with Bali Golden Visa.