Menu
Expat.com
Search
Magazine
Search

New visa allowing 5 to 10 years

Hi.

The new visa allowing 5 to 10 year living in Indonesia...

The article mentions needing approx 130k US in the bank.

is that an initial amount that must exist in the bank, or is the amount a total which must be proven to be available over the 5 year period?

See also

It is all money in the bank when you apply for your visa. Per person.

1 member reacted to this post

where did you read this article I'd like to read it also. 

where did you read this article I'd like to read it also.
-@Digitarius

https://www.expat.com/forum/viewtopic.php?id=1005303

I don't like the idea of putting that much money in an Indonesian bank for five years.  The visa is cool but that amount in an Indonesian bank.........

1 member reacted to this post

@Digitarius


Indonesia’s credit rating isn’t too flash either.

Having that amount in a bank account likely earning peanut interest is a waste of money.


Given over 5/10 years most decent retirement Superannuation funds have averaged around the 10% mark.   Bank interest is 3+% …assuming foreigners are entitled to get it..     

You’d be torching close to $10,000 PA in lost earnings.


it would make more sense to just get the retirement Visa . 


Plus…reading the info , it would appear they want you to invest in the country as well, so I can imagine they won’t want to be paying you interest on your money for very long.   

Further reading