The Indonesian Government just issued a new Presidential Regulation No. 20 of 2018 concerning Utilization of Expatriates on March 26, 2018. This regulation is changing the previous Presidential Regulation No.72 of 2014 as has the same concerning as the new one (Presidential Regulation No.20/2018).
This regulation was made on the basis of the need to re-regulate the license of use of foreign workers, which are expected to support the national economy and to expand employment opportunities through the increase investment.
Considering to this regulation, we will find some articles and clauses that are differences to the prior regulation (“Presidential Regulation No.72/2014”). the new Presidential Regulation No.20/2018 give advantages for the Foreign Investors to apply or get Investors KITAS
The implementation of this regulation is on October 2018, those who are currently financially vested in Indonesia have seen numerous positive sentiments that indicate the investment climate within Indonesia is significantly improving. One of these sentiments come with In this article, We will be providing a general overview, including a walk-through of the application process for the Investors KITAS.
The biggest benefit of the Investors KITAS is the ease of application and the waiver of the cumbersome and expensive work permit fees. Previous to this, investors had to wait months on end, after making their initial investment, before being allowed to work.
Prior to October 2018, it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit which US$1200/year. Working permits are no longer necessary for Investors that meet Investment requirements
There are two types of Investor’s KITAS;
Both come with a multiple exit and re-entry permits.
How to apply for the Investor KITAS?
INVESTOR KITAS PROCESS
First we would like to inform you that since 13 of October 2020 * For the new regulation there are no telex visas anymore that was send to the Indonesian Embassy overseas. Due to the Covid pandemic, The Indonesian government introduced E-Visas to mitigate risk of spreading the virus. Visa fees to the government which were previously paid to the Embassy are now paid at the application stage in Indonesia. You will get e-Visa. E-visa is a visa transformation from a visa label / sticker on your passport to an electronic form sent to your email address. So you don’t require collect the visa in person at Indonesian Embassy or representative overseas.
And during this pandemic when you are inside the country (Indonesia) and need to renew your visa, you are not need to leave the country, we can apply without leaving the country. It’s called Onshore Visa Application.
PROCESS STEPS INVESTOR KITAS
To Obtain Investor KITAS the foreigner must register their company in Indonesia it’s called PMA company or command call Direct Foreign Investment Company, once your PMA company established, you may apply investor KITAS. For your note; you must have shares as required such as;
Provide all documentation relevant to process Investor KITAS, we will verify to ensure our application is successful such as:
FROM THE APPLICANTS:
FROM THE COMPANY:
After all documents completed, then all of the documents will be uploaded through Immigration system, once the E-visa approved that will send automatically to your email address and which will need to print them out;
If you are outside the Indonesian Territory, You may now to enter Indonesia using E-Visa and no need to go to Indonesian embassy overseas. Upon your arrival in Indonesia, please contact us. We need your original passport because we have 30 days from your arrival in Indonesia to report to immigration for the conversion process from E-VITAS to E-KITAS. This process will take 15 working days;
OR if you are inside the Indonesian territory please bring your original passport to us because we will have 7 days to report to the Immigration Office to convert your E-VITAS to E_KITAS;
Upon your arrival to Indonesia, please submit your original passport to us because we need to convert your E-VITAS to Investor KITAS, the process will approximately take 10-14 working days.
After we submit your passport to the Immigration office, we will get the schedule for photo session and finger print taken by Immigration officer and then wait for the final conversion;
Once the VITAS Conversion done the E-KITAS will send to your Email address and ready to use to process STM or Police Certificate;
Within 14 to 30 days after your KITAS issued and STM Issued you must register to Civil Government, whereby to obtain SKTT (Temporary Resident Letter) and you will have Temporary ID Number called NIK.
After the process, you will receive your Investor KITAS which allows you to stay and manage your company in Indonesia.
Do you want to receive more information about this visa? Please use the contact form below and we will forward this to a visa agency. They will contact you and update with more details.