Limited Stay Permit (KITAS) Regulations Update 2023


KITAS Investor is a special type of residence permit designed for foreign investors who wish to establish or invest in business activities (PT PMA) in Indonesia. KITAS Investor is a visa created as one of the requirements for investment in Indonesia. In addition, this visa is specifically designed for investors who wish to conduct business activities in Indonesia. This means that it allows investors to stay and manage their business in Indonesia with relative ease. Investor KITAS is available in two options: 1-year KITAS and 2-year KITAS, providing flexibility for investors based on their needs and plans. Both types of Investor KITAS allow investors to enter and exit Indonesia repeatedly during the visa validity period, providing flexibility for travel and business operations.

Update on the regulations for limited stay permit (KITAS) holders for a maximum stay of 2 years. Based on Regulation of the Minister of Law and Human Rights of the Republic of Indonesia Number 22 of 2023 concerning Visas and Stay Permits.

Application for a limited stay visa for Foreigners conducting activities as foreign investors for a maximum stay of 2 (two) years as referred to in Article 33 paragraph (2) letter e number 1 shall be submitted by Foreigners or Guarantors.

  1. Proof of share ownership of at least Rp10,000,000,000 (ten billion rupiah) or equivalent listed in the data of the ministry or institution in the field of investment;
  2. Ministerial Decree regarding the legalization of the establishment of a limited liability company; and
  3. Current account of the company for the last 2 (two) months. (3) Provisions regarding the amount of living expenses as referred to in paragraph (1) letter c shall be stipulated by the Director General.


Changes in the amount of share ownership value as referred to in paragraph (2) letter a shall be stipulated by the Director General after coordinating with relevant ministries or institutions.

In the event that the provision of share ownership as referred to in clause (2) letter a is not fulfilled, Foreigner who makes investment and holds the position of member of the board of directors or member of the board of commissioners may apply for a limited stay Visa in order to work in accordance with the provisions of laws and regulations in the field of employment.

Source by Immigration

Disclaimer

The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia are subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. For more Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: FacebookInstagramLinkedin, and Twitter.

 

 

 

 

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