KITAS Investor: Everything You Need to Know Before Investing in Bali

Bali has long been recognized as one of the most attractive investment destinations for foreign investors. With its stunning natural beauty and a constantly growing business potential, Bali is the perfect place to grow your business. One of the best ways to settle and do business in Bali is by applying for an Investor KITAS.

If you’re planning to invest in Bali, this article will explain everything you need to know about the Investor KITAS. From the requirements and application process to the benefits you can enjoy. Be sure to read this article till the end so you don’t miss any important information that could help your investment journey in Bali!

Is There an KITAS Investor in Bali?

Yes, there is an Investor KITAS that allows you, as a foreign investor, to live and do business in Bali. The Investor KITAS (Limited Stay Permit Card) is a temporary residence permit given to foreigners who wish to stay in Indonesia for investment purposes. With the Investor KITAS, you won’t have to worry about repeatedly applying for a visa. Making it more convenient for those planning to stay long-term in Bali.

To obtain Investor KITAS, foreign investors must follow a specific process set by Indonesian authorities. Ensuring all legal and regulatory requirements are met. If you are a foreign shareholder in a PMA company, you must comply with the legal requirements for foreign participation. Including minimum shareholding thresholds and proper documentation to be eligible for the Investor KITAS.

Why Choose an Investor KITAS in Bali?

Bali is a top choice for many investors because it offers a variety of advantages, both in terms of its strategic location and the continuously growing market potential. Here are some key reasons why the Investor KITAS is beneficial for those who wish to do business in Bali:

• Wide Business OpportunitiesBali offers a broad range of promising business sectors, including tourism, real estate, restaurants, and creative industries. As a world-class tourist destination, Bali continues to attract international visitors every year, creating vast opportunities for businesses that can appeal to a global market. With such a large and diverse market, you can choose a sector that aligns with your interests and expertise.
• Ease of Doing BusinessWith an Investor KITAS, you will find it much easier to manage your business in Bali. However, it is important to note that setting up a business and obtaining the necessary permits can still be a complex process, so seeking professional assistance is highly recommended. The process of opening a local bank account, applying for business licenses, and handling other necessary paperwork will be quicker and more straightforward. You can focus on growing your business without worrying about time-consuming bureaucratic processes.
• Government Support for InvestorsThe Indonesian government provides various incentives and conveniences for foreign investors, especially those investing in Bali. One of these benefits is a more favorable tax policy and simplified procedures for business licensing. This is aimed at attracting more foreign investors and encouraging economic growth in Bali. Additionally, the government actively supports sectors like tourism and technology, which continue to expand rapidly.

Read more: KITAS Indonesia: Complete Guide You Need to Know Before Applying!

Purpose and Benefits of Having an KITAS investor

Having an Investor KITAS offers numerous benefits that are crucial for those wishing to invest and reside in Bali. The Investor KITAS provides a range of conveniences and advantages that facilitate your business operations. Here are some key benefits of having an Investor KITAS:

• Longer Stay Permits
  One of the main advantages of the Investor KITAS is that it allows you to stay for a longer period, typically for one or two years. This is highly beneficial for those who wish to manage their business in Bali without the hassle of renewing their visa every year. With a longer stay, you can focus more on developing your business without being interrupted by visa concerns.
• Easier Business Operations
  Having an Investor KITAS simplifies many aspects of running a business. You can easily apply for business licenses, rent properties for your business, and open local bank accounts. The streamlined administrative process makes it much easier for you to focus on growing your business and accelerating its success.
• Clear Legal Status
  With the Investor KITAS, you obtain clear legal status as a foreign investor in Indonesia. This provides peace of mind, ensuring you won’t encounter immigration or residency issues, which can often be a challenge for foreign investors. You can confidently focus on your business activities, knowing your residence and legal standing are well established.

Requirements and Documents for Applying for an Investor KITAS

For those interested in investing and living in Bali, applying for an Investor KITAS is the first step. The Investor KITAS gives you temporary residency in Indonesia while making it easier to manage your business in Bali without the constant worry of visa renewals. Before applying for an Investor KITAS, it is crucial to prepare the company’s documents to ensure compliance with Indonesian regulations and smooth processing of your application. There are several requirements and documents you need to prepare, both for yourself personally and for the company where you plan to invest.

As part of the application process, identification and documentation from the company’s representative, such as a valid ID card and tax number, are required to verify the authority and legitimacy of the business.

Among the required documents, the company’s tax number is also necessary for the application, as it is a key component for legal and regulatory compliance. Here’s a comprehensive overview of what needs to be fulfilled:

1. General Requirements

Before applying for the Investor KITAS in Bali, there are several general requirements you need to meet. These requirements ensure that your investment aligns with Indonesia’s regulations and that you hold a suitable position within the company you’re investing in. Here are the general requirements to help you smoothly apply for an Investor KITAS:

• Minimum Investment
  To qualify for the Investor KITAS, you must make an investment of at least IDR 10 billion. This investment must be made in a Foreign Investment Company (PMA) registered with the Indonesia Investment Coordinating Board (BKPM). This investment serves as the basis for obtaining your residency permit in Indonesia.
• Position in the Company
  In addition to the investment amount, you must hold an important position within the company, such as Director or Commissioner. If you’re merely a shareholder, you can still apply for the Investor KITAS if you own shares worth at least IDR 1,125,000,000 (one billion one hundred twenty-five million rupiahs).

By meeting these general requirements, you’ll find it easier to apply for the Investor KITAS and ensure your business and investments in Bali are legally grounded.

2. Required Documents

Once you meet the general requirements, the next step is to prepare the necessary documents for your Investor KITAS application. These documents cover both your personal details and the company where you are investing. Here’s a breakdown of the documents you need to prepare:

• Personal Documents
  • Passport: Make sure your passport is valid for at least 18 months, as it will be the primary document used in the application process.
  • Photo: Prepare a passport-sized, colored photo (4×6) for administrative and visa application purposes.
  • Visa Application Form: This form can be filled out online through the Indonesian immigration system. Ensure all information is accurate and complete.

• Company Documents
  • Company’s Deed of Establishment: For PMA companies, you need to attach the deed of establishment issued by a notary, as proof that your company is legally recognized.
  • Business Identification Number (NIB): This is issued by the Indonesia Investment Coordinating Board (BKPM) and serves as the official identification for your company in Indonesia.
  • Approval Letter from the Ministry of Law and Human Rights: This document confirms that your company is officially registered and recognized by the Indonesian government.

• Financial Documents
  • Bank Account: You need to show proof of a bank account with a balance that meets the required investment threshold, confirming that the necessary funds are available.
  • Investment or Funding Proof: Include documents showing you’ve made the required investment, whether through money transfer or stock purchase.
• Health Insurance Proof
  As part of the Investor KITAS requirements, you must provide proof of health insurance that is valid in Indonesia. This ensures you receive healthcare coverage during your stay and business operations in Bali.

Steps to Apply for an Investor KITAS

The process of applying for an Investor KITAS in Bali is fairly straightforward if you have all the necessary documents and requirements in place. While there are a few steps to follow, everything can go smoothly if you follow the right procedure. Here’s a step-by-step guide to applying for the Investor KITAS:

Step 1: Apply for e-Visa Investor

The first step is to apply for an Investor Visa online through Indonesia’s e-Visa system. This application can be completed from abroad and is typically quick. Once your visa is approved, you’ll receive an e-Visa that allows you to enter Indonesia. Ensure all your details are accurate when filling out the application form and uploading the required documents.

Step 2: Arrival in Bali and Registration at Immigration

After receiving your e-Visa, you can travel to Bali. Once you arrive, you need to register at the local immigration office. Bring all the documents you’ve prepared earlier, such as your passport, company’s deed of establishment, NIB, and other supporting documents. Registration is a crucial step in proceeding with your KITAS application.

Step 3: Biometric Process and KITAS Collection

Once registered, you will undergo the biometric process at the immigration office, which involves taking your photo and fingerprints for the immigration system. After that, your KITAS will be issued and sent to the registered address. Typically, you can collect your KITAS a few days after completing the biometric process.

Duration and Renewal of the Investor KITAS

The Investor KITAS has varying durations depending on the amount of investment you make. It’s important to understand the duration of your Investor KITAS so you can plan your stay and business operations in Bali effectively. Here are the typical durations:

• 1-Year KITAS
  If your investment is smaller, typically under IDR 10 billion, you will be granted a 1-year Investor KITAS. This shorter duration allows you to manage your business for a year, but still provides flexibility without long-term commitments.
• 2-Year KITAS
  For larger investments exceeding IDR 10 billion, you will typically receive a 2-year Investor KITAS. This longer duration gives you more time to run and expand your business in Bali without the need to worry about renewing your visa annually.

Renewing the Investor KITAS

Once your KITAS expires, you can apply for a renewal to continue living and doing business in Bali. The renewal process generally requires documents similar to the initial application, including your passport, proof of investment, and any reports on business activities. It’s recommended to apply for a renewal several months before the expiration to avoid any disruptions in your business.

Tips and Considerations Before Applying for an KITAS Investor

Before applying for your Investor KITAS, there are some important things to consider. Here are some tips to help you prepare:

• Make Sure Your Business Benefits the Local Community
  Besides following investment regulations, ensure that your business also provides positive benefits to the local community. This will help smoothen the permit process and show your commitment to supporting Indonesia’s economy. Many sectors, such as tourism and property development, can have a positive impact on the local area.
• Consider the Required Investment Amount
  Ensure your company has sufficient capital to meet the requirements for PT PMA. To apply for the Investor KITAS, your company needs to have a minimum investment of IDR 10 billion. Be sure this investment is ready before proceeding with the application to avoid any delays.
• Hiring Local Labor
  As an investor owning a PT PMA, you are also required to hire local Indonesian employees. This is a mandatory rule to ensure your business operates legally in Indonesia. Make sure you are prepared to meet this obligation.
• Use Concierge Visa Services in Bali
  To make the whole process easier, you can take advantage of the visa concierge services available in Bali. These services help you handle all visa and residency matters quickly and smoothly. Bali Premium Trip offers concierge visa services to assist with your Investor KITAS application, ensuring that all your documents are in order and the process runs smoothly.

Read more: Indonesian Business Visa: A Complete Guide and How to Apply

Apply for Your KITAS for Investor with Bali Premium Trip!

Having an Investor KITAS in Bali is essential for anyone looking to invest and operate a business in Indonesia. The Investor KITAS gives you a legitimate residence permit, allowing you to run your business without the hassle of constant visa renewals. With the Investor KITAS, you can also easily access essential services like local bank accounts and business permits, which are vital for foreign investors.

To make the Investor KITAS application process easier, you can use the concierge visa services from Bali Premium Trip. Our services are designed to help you navigate the entire administrative process, from applying for an e-Visa to securing your Investor KITAS. With our experience, we ensure that all your documents are complete and the application process goes smoothly.

If you’re ready to start your investment journey in Bali, Bali Premium Trip is here to help. Contact us today to get the best concierge visa services and apply for your Investor KITAS easily. Don’t let administrative tasks hold back your business!