Second home visa launched in Indonesia

Hi,


For a future article, we would like to know your opinion : Indonesia has just launched its "second home" visa to attract tourists (especially to Bali), support tourist industry and boost economy. With this new visa, you will be able to live in Indonesia for 5 to 10 years while investing in the country and working.


But you must have at least 2,000,000,000rp in income (nearly 130,000 USD or EUR) not including visa fees. The state hopes to attract foreign investors and former Indonesian citizens. It promises a simpler procedure (online procedure).


What do you think about that ? Could that make the economy more attractive or not ? Would that make increase inequalities between people ? Would you be interested in this type of visa ?


Thanks !

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

Thanks !

@Asaël Häzaq  pre COVID retirement visas have been withdrawn.

Now on offer is only this visa which requires US$130,000 for each person in a couple.

It also allows a person to work .

What about us who don't ever want to work? Those of us who just live in a community and help the people? Those who were on a KITAS but now have to reapply with the cash guarantee?

I have a friend who has lived here for years and now been on the expensive Business visa  since March just to stay here. He doesn't have $130,000.

Cannot be true

Retirement Visa versus a Visa with 130thousand EUR/US_Dollars in an Indonesian Bank???

Second Home???

This would mean that you have to sell your house in Europe, the USA or elsewhere in order to put this money in an Indonesian state-owned Bankd and then stay in e.g. Bali für 5 to 10 years - and then, what happens?

Another fact that precludes this, is that - even if you want to work in Bali - the normal income in Bali p.a. is nowhere near this sum.

And what about all the retired people who already live in Bali - some have a small restaurant or other job or just a small house where they live - are they going to be uprooted from their Bali homes?

Indonsia has been attracting non-working retired people for decades and they have a happy community including their Indonesian maids etc. - and now??

Not if you aren't retiring

No need to sell your house if you have enough cash


As for working on a retirement visa - that would be illegal

This is why it's a second home visa - not a retirement  visa