This kind of Kitas is provided to applicants who invest in PT PMA in Indonesia as a CEO and Commissioner or just as an investor. The most beneficial advantages of the Indonesian Investor KITAS program are the work permit charge waiver and the simplicity of the application process. You shouldn’t have to pay a visa fee of $1,200 per year if you meet all the investment standards.
There are two types of Investor Kitas available in Indonesia:
- Index 313: 1-year KITAS
- Index 314: 2-year KITAS
Investors can enter and leave Indonesia as many times as they want with either type of visa.
In order to get an Investor Kitas, you must meet the following conditions:
The investor must have a minimum investment of 10 billion IDR in shares, and the company must have a minimum paid-up capital of 10 billion IDR, with a requirement to announce a minimum investment plan of 10 billion IDR.
After obtaining a business registration number (NIB), trading license (Ijin Usaha), foreign company investment realization report (LKPM; this report should be conducted every three months), company document, the representative’s ID card, and tax number (which should be valid), the sponsor company can begin sponsoring investors.
Do you have the ability to work with Investor Kitas?
The Indonesian Ministry of Investment (BKPM) states that a director of a company with a KITAS investor is qualified to work in Indonesia. However, there are conditions that must be met: • All director duties shall be within the scope of the business activities of the company
All qualified and interested Indonesians are given the same opportunity for employment.
However, the situation may be different for a company’s commissioner. According to the Ministry of Manpower, a commissioner can collaborate with an investor KITAS, but this role is limited. We strongly advise you to become a major director of the organization if you want to play a very active role.