Indonesia’s Golden Visa, launched in July 2024, has attracted approximately US$2.9–3.0 billion in investment via 1,274 permits by May 2026. Bali has emerged as a key destination, especially for individuals seeking long-stay residency and luxury real estate. This guide details the application process in 2027.
Understanding the Indonesia Golden Visa Market in 2027
The Indonesia Golden Visa program, established nationally in July 2024, has developed into a significant avenue for foreign investment and long-term residency. By May 18, 2026, the program had facilitated approximately US$2.93–2.95 billion (Rp 52.1 trillion) in investment across 1,274 issued permits. This includes both individual and corporate applicants, demonstrating the program’s broad appeal to various investor profiles.
Market Composition and Investment Trends
Corporate investors have been the primary drivers of capital, accounting for approximately 97–98% of the total investment, or about US$2.86–2.88 billion (Rp 50.88 trillion). Individual investors, alongside categories such as second home visa holders and the diaspora, contributed the remaining US$17–33 million (Rp 309–559 billion). This indicates a market dominated by high-value corporate transactions, but with a growing segment of individuals seeking long-term residency in Indonesia, particularly in locations like Bali.
Growth Trajectory and Average Investment
From its launch until September 2025, the program issued 1,012 permits, attracting approximately US$2.7 billion (Rp 48 trillion) in investment. This period saw an average issuance rate of around 72 permits per month. The subsequent eight months, from September 2025 to May 2026, recorded an additional 262 permits and approximately US$230–232 million (Rp 4.1 trillion) in investment. The average monthly issuance rate during this latter period decreased to about 33 permits, suggesting a normalisation or a more measured pace of applications after the initial surge.
The average investment per permit over the program’s lifespan has been approximately US$2.3 million. However, for the 262 permits issued between September 2025 and May 2026, the average investment per permit dropped to around US$887,000. This shift indicates a potential increase in mid-size investors and a diversification away from exclusively very large corporate investments.
Bali’s Role in the Golden Visa Program
While official regional data is not publicly disaggregated, Bali is widely recognised by property and advisory sources as a primary destination for Golden Visa holders, particularly those pursuing individual investor or second-home routes. Its appeal lies in its established infrastructure, lifestyle amenities, and luxury real estate market, which align with the objectives of many long-stay visa applicants. Bali’s continued prominence suggests it will remain a significant hub for Golden Visa investments in 2027.
2027 Note: The Indonesian government is expected to maintain its focus on attracting high-value individual and corporate investors through the Golden Visa program, with potential refinements to investment categories or simplified application processes to further streamline the intake of foreign capital.
Eligibility Criteria for the Indonesia Golden Visa in 2027
The Indonesia Golden Visa program is designed for foreign nationals who intend to make a substantial contribution to the Indonesian economy. The specific requirements vary based on the investment pathway chosen, whether as an individual or through a corporate entity.
Individual Investor Requirements
For individuals seeking long-term residency, the primary requirement involves a direct investment into an Indonesian company. The investment thresholds typically dictate the duration of the visa:
- 5-Year Golden Visa: Requires an investment of US$2.5 million into an Indonesian company.
- 10-Year Golden Visa: Requires an investment of US$5 million into an Indonesian company.
It is important to note that these investments must be maintained for the duration of the visa. The specific nature of the investment, such as equity participation or direct shareholding, will be specified in the application guidelines.
Corporate Investor Requirements
Corporate entities applying for the Golden Visa on behalf of their directors or commissioners must meet higher investment thresholds:
- 5-Year Golden Visa: Requires an investment of US$25 million into an Indonesian company. This allows for the nomination of up to two directors or commissioners for the visa.
- 10-Year Golden Visa: Requires an investment of US$50 million into an Indonesian company. This permits the nomination of up to four directors or commissioners.
These investments demonstrate a significant commitment to Indonesia’s economic development and provide a pathway for key personnel to reside long-term in the country to manage these operations.
Required Documentation for Golden Visa Applications
A comprehensive set of documents is required to support an Indonesia Golden Visa application. Applicants must ensure all documents are current, valid, and meet the specified format requirements.
General Documents (Individual and Corporate)
- Copy of a valid passport with at least 18 months of validity remaining for a 5-year visa, or 30 months for a 10-year visa.
- Recent passport-sized photographs (specific dimensions and background colour may apply).
- Curriculum Vitae (CV) or professional resume.
- Bank statements or financial proofs demonstrating sufficient funds or investment capital.
- Proof of clean criminal record from the country of origin or residence.
- Health insurance coverage valid in Indonesia.
Specific Documents (Individual Investors)
- Proof of investment in an Indonesian company (e.g., share certificates, investment agreements).
- Company registration documents if the investment is made through a newly established entity.
Specific Documents (Corporate Investors)
- Company’s Articles of Association and other corporate legal documents.
- Proof of investment in Indonesia (e.g., capital injection reports, financial statements).
- Letters of appointment for the nominated directors or commissioners.
All foreign-language documents must be translated into Bahasa Indonesia by a sworn translator and legalised as required.
Step-by-Step Application Process for 2027
The application process for the Indonesia Golden Visa is structured to ensure thorough vetting and compliance with immigration and investment regulations.
Step 1: Preparation and Documentation
Gather all necessary documents as outlined in the eligibility criteria. Ensure passports have sufficient validity and all financial proofs are current. For corporate applications, ensure all company documents are in order and investment proofs are verifiable.
Step 2: Submission of Application
Applications are typically submitted through the official Indonesian immigration portal or via a licensed immigration consultancy like Bali Golden Visa. The application will include uploading all scanned documents and completing online forms. An application fee will be required at this stage.
Step 3: Verification and Background Checks
Indonesian immigration authorities will conduct thorough verification of all submitted documents. This includes background checks on applicants and validation of investment claims. This stage can involve inter-agency coordination with investment boards and other government bodies.
Step 4: Interview (If Required)
Applicants may be invited for an interview, either in person at an Indonesian embassy/consulate or virtually. This is an opportunity to clarify any aspects of the application or investment plan.
Step 5: Approval and Visa Issuance
Upon successful verification and approval, an official notification will be issued. The Golden Visa will then be granted, typically in the form of an electronic visa (e-visa) or a sticker in the passport, depending on the current immigration policy.
Key Benefits of the Indonesia Golden Visa
The Golden Visa offers several advantages for long-term residents and investors in Indonesia.
Long-Term Residency and Stability
The primary benefit is the ability to reside in Indonesia for an extended period (5 or 10 years) without the need for frequent visa renewals. This provides stability for individuals and their families, allowing for long-term planning.
Ease of Entry and Exit
Golden Visa holders typically benefit from expedited immigration processes at Indonesian ports of entry and exit, reflecting their status as valuable contributors to the economy.
Business and Investment Opportunities
For investors, the Golden Visa facilitates direct involvement in their Indonesian businesses. It removes bureaucratic hurdles associated with short-term business visas, allowing for more efficient management and oversight of investments.
Quality of Life in Bali and Other Regions
For many, the Golden Visa offers access to the lifestyle and environment of destinations like Bali. It supports long-term living in a desirable location, whether for retirement, remote work, or family relocation.
Comparing Golden Visa Options
Understanding the different investment tiers is critical for applicants. The following table summarises the key investment requirements for individual and corporate Golden Visa options.
| Visa Type | Investment Amount (Individual) | Investment Amount (Corporate) | Nominated Individuals (Corporate) |
|---|---|---|---|
| 5-Year Golden Visa | US$2.5 million | US$25 million | Up to 2 Directors/Commissioners |
| 10-Year Golden Visa | US$5 million | US$50 million | Up to 4 Directors/Commissioners |
These tiers are designed to accommodate varying levels of investment commitment, offering flexibility for a range of high-net-worth individuals and corporate entities.
Applying for the Indonesia Golden Visa requires precise documentation and adherence to established procedures. As a licensed immigration consultancy, Bali Golden Visa provides end-to-end assistance, ensuring a smooth application process. For further details and to assess your eligibility, request a free eligibility assessment on WhatsApp.