Investor Visa Bali - KITAS (Index 313 & 314)

The biggest benefit of the Investor Visa Bali is the ease of application and the waiver of the cumbersome and expensive work permit fees.  Previous to this, investors had to wait months on end, after making their initial investment, before being allowed to work.

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Investor Visa Bali Indonesia

This Investor Visa Bali is given to applicants who invest capital in a company in Indonesia and need to work in that.

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Investor Visa Bali Indonesia

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Generals about the Investor Visa Bali

The Indonesian Government just issued a new Presidential Regulation No. 20 of 2018 concerning Utilization of Expatriates on March 26, 2018. This regulation is changing the previous Presidential Regulation No.72 of 2014 as has the same concerning as the new one (Presidential Regulation No.20/2018).
This regulation was made on the basis of the need to re-regulate the license of use of foreign workers, which are expected to support the national economy and to expand employment opportunities through the increase investment.
Considering to this regulation, we will find some articles and clauses that are differences to the prior regulation (“Presidential Regulation No.72/2014”). the new Presidential Regulation No.20/2018 give advantages for the Foreign Investors to apply or get Investors KITAS
The implementation of this regulation is on October 2018, those who are currently financially vested in Indonesia have seen numerous positive sentiments that indicate the investment climate within Indonesia is significantly improving. One of these sentiments come with In this article, We will be providing a general overview, including a walk-through of the application process for the Investors KITAS.
The biggest benefit of the Investors KITAS is the ease of application and the waiver of the cumbersome and expensive work permit fees. Previous to this, investors had to wait months on end, after making their initial investment, before being allowed to work.
Prior to October 2018, it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit which US$1200/year. Working permits are no longer necessary for Investors that meet Investment requirements
There are two types of Investor’s KITAS; the Index 313 has a validity of 12 months, and the INDEX 314 has a validity of 24 months, and comes with a multiple exit and re-entry permits.

How to apply?

To obtain an Investors Visa Bali (KITAS), an investor should have a minimum of 1 billion rupiah in shares invested. In addition the company’s capital should exceed 10 billion rupiah. Your company can start sponsoring Investors once it has obtained a business registration number (NIB) and trading licenses (Ijin Usaha), foreign company investment realization report (LKPM, this report Should be conducting every three months), company’s documents , the ID card and tax number of the company’s representative (should be valid) .
For an existing business, it takes around 2 weeks to obtain the necessary licenses through the newly introduced Online Submission System (OSS).
First Step of applying for an Investors KITAS is to obtain a recommendation letter from the Investment board in Jakarta. To apply for this recommendation, you will need to bring along a signed application letter by a company’s representative, passport, company’s documents, foreign company investment realization report (LKPM, this report Should be conducting every three months) and the ID card and tax number of the company’s representative. An appointment should be scheduled a day before your intended date of submission.
Applications are reviewed on a case by case basis, and as this newly implemented visa, the overwhelming response from applicants a successful application can take up to 30 days. Once a recommendation by BKPM is issued, the next step is to apply for a VITAS (or commonly known as a TELEX).
Second step ; A TELEX visa will be issued to an Indonesian Embassy abroad of your choice. It is a good idea to contact the Embassy prior to your visit, as there are often varying rules and regulations that may affect your Investor KITAS application. The estimated duration of the Investor KITAS process depends on your Embassy. Do check before processing! After receiving your VITAS you will have 60 days to enter Indonesia.
Once you arrive back in Indonesia, you have 30 days to apply for Investor KITAS. The process can be done at an Immigration office closest to your residence. You will not be able to leave until KITAS conversion process is complete otherwise your Investor Visa will be automatically fails by system, during the Investor KITAS process the applicant is not permitted to work
The application process involves a photo and interview session. The process from start to finish should take around 14 working days. Once the process is done, your passport will be returned, and an electronic KITAS will be sent to you.
If you are currently holding a Working KITAS (Index 312),you have the option of cancelling your current KITAS, applying for an Investors KITAS or applying for a change of KITAS within Indonesia.
Many investors option for canceling their current KITAS as the process for change of KITAS can take over 2 months. Working KITAP holders will also need to change over to Investors KITAP as there are no options to extend associated Working Permits (IMTA) as of October 2018.
The investment board of Jakarta, and Immigration offices in Bali confirm this frequently asked question – a Director is able to work and manage all aspects of the business in Bali with this KITAS, as long as the scope of work aligns with the company’s scope of business and fair opportunities are offered to locals to earn a living. At present, a Commissioner on an Investors KITAS is not permitted to work. It’s state on the company act.Visa Bali 

Costs

One year Investor KITAS costs IDR 11,5 million/per person,  and two year Investor KITAS costs IDR 17,5 million/per person. The fees include the recommendation letter needed from the Jakarta Investment board, multiple exit and re-entry permits, Immigration processing fees, a police registration and a domicile card for 1 year. Additional Embassy fees apply when picking up your visa abroad.

With attractively low tax tariffs and strong economic growth, it is easy to see why investors are steadily flocking to Indonesia to invest in 2019. We look forward to assisting you further with your Investor Visa Bali KITAS / Investor KITAP application.

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