Indonesia is a beautiful country, known for its rich culture, stunning scenery, and friendly people. It’s no wonder that more and more people are choosing to invest in a second home in Indonesia. With the Indonesia Visa Second Home program, owning a second home in Indonesia is now easier than ever before. If you’re considering buying a second home in Indonesia, here’s everything you need to know about the Indonesia Visa Second Home program.
What is the Indonesia Visa Second Home Program?
The Indonesia Visa Second Home program is a program that allows foreigners who are 55 years old or older to live in Indonesia for up to five years. The program was created to attract retirees who want to spend their retirement years in Indonesia. To participate in the program, you need to invest a minimum of IDR 10 billion (approximately USD 700,000) in an Indonesian property and obtain a temporary residence permit (KITAS).
What are the Benefits of the Indonesia Visa Second Home Program?
There are many benefits to participating in the Indonesia Visa Second Home program. First and foremost, you’ll be able to live in Indonesia for up to five years without having to leave the country every six months to renew your visa. This makes it much easier for retirees who want to spend their retirement years in Indonesia. Additionally, you’ll be able to access healthcare and other services that are available to Indonesian citizens. You’ll also be able to work and start a business in Indonesia if you wish.
How to Apply for the Indonesia Visa Second Home Program?
To apply for the Indonesia Visa Second Home program, you’ll need to follow these steps:
- Invest a minimum of IDR 10 billion in an Indonesian property
- Obtain a temporary residence permit (KITAS)
- Apply for the Indonesia Visa Second Home program
- Submit all the required documents, including your KITAS, proof of investment, and proof of health insurance
- Pay the application fee and wait for approval
What Documents are Required for the Indonesia Visa Second Home Program?
Here are the documents you’ll need to submit when applying for the Indonesia Visa Second Home program:
- Passport with at least 18 months of validity
- Temporary residence permit (KITAS)
- Proof of investment of at least IDR 10 billion in an Indonesian property
- Proof of health insurance that’s valid in Indonesia
- Police clearance certificate from your home country
- Medical certificate from an Indonesian doctor
What are the Requirements for the Indonesian Property?
If you want to participate in the Indonesia Visa Second Home program, you’ll need to invest a minimum of IDR 10 billion in an Indonesian property. The property can be a house, apartment, or villa, but it must be owned by you and not by a company. Additionally, the property must be located in one of the following areas:
- Bali
- Bintan
- Batu
- Lombok
- Makassar
- Malang
- Medan
- Yogyakarta
What are the Costs of the Indonesia Visa Second Home Program?
Participating in the Indonesia Visa Second Home program comes with several costs. Here are the costs you can expect:
- IDR 10 billion (approximately USD 700,000) minimum investment in an Indonesian property
- Application fee of IDR 50 million (approximately USD 3,500)
- Yearly fee of IDR 25 million (approximately USD 1,750)
- Health insurance and other living expenses
Conclusion
The Indonesia Visa Second Home program is a great opportunity for retirees who want to spend their retirement years in Indonesia. With this program, you’ll be able to live in Indonesia for up to five years without having to leave the country every six months to renew your visa. Additionally, you’ll be able to access healthcare and other services that are available to Indonesian citizens. If you’re considering buying a second home in Indonesia, the Indonesia Visa Second Home program is definitely worth considering.
