What is the Indonesian Golden Visa, and is it worth it?

Five or ten year permits for large investors and invited figures. Still a temporary permit, despite the name.

"Golden Visa" is a marketing label, not a legal category. It refers to the five and ten year tiers inside the existing E28 (investor) and E33 (Second Home) families — longer validity in exchange for a materially higher financial commitment.

The most important thing to understand: it is still an ITAS. A long one, but temporary and renewable, not permanent residence. If permanence is the goal, ITAP is a different question.

The two families it sits in

Investor tiers (E28). Some official listings show E28B, E28C and E28D doubling as Golden Visa investor tiers with higher thresholds and 5–10 year validity. This is an area where published sources are not fully consistent, so confirm the current tier structure at the point of filing rather than relying on any summary.

Second Home tiers (E33). E33 and E33A–E33D cover the standard financial-commitment tier plus government-invited experts, specialised-skills collaborations, and internationally recognised figures.

What the ordinary investor route requires

For a standard investor ITAS rather than a Golden tier, the commonly cited minimum personal shareholding for ordinary PT PMA share-based routes is around IDR 10 billion — verify the current figure, as these are revised periodically.

That is a different number from the company's own paid-up capital requirement. Immigration eligibility and corporate capital rules are separate regimes with separate regulators, and conflating them is a routine error.

Standard investor ITAS ordinarily runs around two years. Golden tiers run five or ten.

What it does not do

Assumption	Reality
"It's a work permit"	No. No E28 sub-index is a blanket work authorisation for other business activity
"My property counts as the investment"	No. Property ownership alone does not qualify as a PT PMA investment
"It's permanent residence"	No. It is a long ITAS
"It covers running the business day to day"	Check. That may need separate RPTKA/manpower authorisation

That second row matters enormously for the readers of this site. Buying a villa is not an investment basis for an investor visa. The investment has to be a qualifying corporate structure, registered and in good standing on OSS with a live NIB.

Is it worth it

If you already need a PT PMA for a genuine business, the investor route is the natural permit and the longer tiers reduce renewal friction.

If you are buying property to live in and have no operating business, the Second Home route is usually the more honest fit — you are buying residence with a deposit rather than constructing a company to justify a visa.

Building a company purely to obtain a visa, with no real business behind it, is a structure that has to survive scrutiny at OSS, at the tax office, and at renewal. It frequently does not.

Timeline

The visa stage itself is commonly reported at around 5 working days after payment once the file is complete. Company incorporation, OSS/NIB registration and capital evidence are the real timeline, and they come first.