Investor KITAS: A Way to Stay and Invest in Indonesia

Working in the investment sector opens up a new world of possibilities. One of the exciting things about investing is finding new ground to explore, like Indonesia, for instance. If you are a foreign investor who is looking for a fresh outlook, then you should apply for an investor KITAS to stay and invest in Indonesia.

Up to this point, you may have wondered what kinds of opportunities are available in Indonesia. In general, Indonesia covers a vast area that hides a lot of potential. Abundant natural resources, political stability, economic resilience, and increasing purchasing power in the domestic market are what make Indonesia a suitable place for investment.

If you think about staying in Indonesia to invest, then you must understand several things about the investor KITAS and how to get it. To help you learn more about this stay permit for foreign investors, you can check out the information we have curated below.

What is Investor KITAS?

First, you may wonder what KITAS is. It’s an acronym for Kartu Izin Tinggal Terbatas, which means a temporary stay card for foreigners. Basically, it’s a stay permit for foreign nationals who decide to reside temporarily in the country.

KITAS is commonly used interchangeably with ITAS (Izin Tinggal Terbatas). Both of the terms mean the same thing, which is a temporary stay permit for foreigners. ITAS is just the digital version of KITAS that usually comes in the form of a card.

With that knowledge, you can understand that the investor KITAS/ITAS, is a much-needed permit for foreign nationals who wish to stay and invest in Indonesia. As the name suggests, this type of KITAS/ITAS is only given to foreign investors.

There are two types of KITAS investors: C313 and C314. A C313 can grant you a stay as an investor for one year, while a C314 is valid for two years. Both C313 and C314 allow you, as a foreign investor in Indonesia, to leave and enter the country within the visa’s period of validity.

Investor KITAS or Working KITAS?

Maybe you have heard of the working KITAS/ITAS before. It’s a stay permit for foreigners who work in any line of business in Indonesia. The investor KITAS/ITAS, however, is only given to those who work in the investment sector.

KITAS/ITAS for investors has been around since 2011, but rebranded in 2019 with significant changes. Now foreign investors can easily obtain a stay permit that allows them to make investments in Indonesia with this KITAS. Instead of applying for both work and investment permits, investors only need to apply for one stay permit now. It essentially reduces the visa fee by $1,200 per year.

However, it should be noted that the holder of investor KITAS/ITAS is not permitted to work. With such a permit, foreign investors are only allowed to make investments in Indonesia. So, if you want to apply for this permit, you must consider your choices regarding the business activities you can do.

How to Apply for Investor KITAS

Before proceeding with the application, as a foreign investor in Indonesia, you must meet the qualifications and requirements to get a KITAS/ITAS for the intended purpose. Here are the details about what you need to fulfill:

Qualification

As an investor, your sole activity in Indonesia should revolve around investment in the country. To acquire a KITAS/ITAS that is only designated for such a purpose, you need to meet the following qualifications:

You should have at least IDR 1 billion in shares.
The invested company should have at least IDR 10 billion in capital.
The sponsor company should have a business registration number (Nomor Izin Bisnis), trading licenses, a report of foreign investment, required documents, an ID card, and the company’s representative tax number.

Required Documents

Similarly to the other types of KITAS/ITAS, you need to provide certain documents that state your validity as an applicant. To get your investor KITAS/ITAS, you should prepare the documents as follows:

A guarantor letter
Copy of a valid passport
Valid for at least 12 months for a 6 month stay
Valid for at least 18 months for a one-year stay
Valid for at least 30 months for a two-year stay
A bank statement; at least $2,000
A recommendation letter from the authorized agency operating in investment sector
Proof of COVID-19 vaccination
Health/travel insurance to pay for personal medical expenses

So, do you think you have everything you need to apply for an investor KITAS? Once you pass the immigration border with your stay permit, you will be able to invest in Indonesia smoothly. To ensure the application goes without a hitch, you can use DoorToID’s service.

DoorToID is a one-stop solution to apply for visas and stay permits in Indonesia. You can simply contact us to get quick, professional, and transparent assistance regarding your KITAS/ITAS application.