What Is an Investor KITAS?
An Investor KITAS (types 313 and 314) is issued to applicants that invest their money in a company in Indonesia (PT PMA Company) and need to work for that company.
Indonesia Investor KITAS offers huge benefits, such as the ease of application and the waiver of the work permit fee. You should not pay the visa fee of USD 1,200 per year if you meet all the investment requirements. Furthermore, foreign investors do not have to wait for so long to start working after providing their initial investment.
Hence, this Investor KITAS that was relaunched in 2019 surprisingly offers some huge financial savings.
For your information, the Indonesian government no longer issues the physical card form of KITAS, so we had better call it a Limited Stay Permit (ITAS) to make it clear.
Types of Investor KITAS / ITAS
There are two types of Investor KITAS, comprising:
- Index 313: 1-year KITAS
- Index 314: 2-year KITAS
Those types of Investor KITAS / ITAS allow investors to enter and leave Indonesia multiple times in accordance with the validity of the passport.
How to Qualify as an Investor
To be an Investor, you should meet some requirements as follows:
- The investor is required to have a minimum of IDR 1 billion invested in shares.
- The capital of the company must be over IDR 10 billion.
- The company has at least 25% of paid-up capital.
- The sponsor company can become a sponsor once it gets a business registration number (NIB) and trading licenses (Izin Usaha), foreign company investment realization report (LKPM), company’s documents, the tax number, and ID card of the company’s representative.
Requirements to Obtain an Investor KITAS / ITAS
Here are some required documents to obtain an Investor KITAS / ITAS from the company:
- Ministry decree on the legalization of the company’s charter.
- Articles of Association of the company and any recent amendments to the act.
- Taxpayer number (NPWP).
- Business identification number (Nomor Induk Berusaha / NIB).
- Operating License (Izin Usaha).
- Company location permit (Surat Domisili Usaha).
- Foreign company investment realization report (LKPM).
- Passport and ITAS of the director or identity card (KTP) of the local manager/director.
- Taxpayer ID (NPWP) and Tax Status Letter (KSWP) of Local Executive / Director.
- Other related documents.
Here are some required documents to obtain an Investor KITAS / ITAS from the applicant:
- A passport is valid for a minimum of 20 months for a 1-year KITAS and over 34 months for a 2-year KITAS.
- Bank statement with minimum funds for USD 1500.
- Digital photo size 4 cm x 6 cm.
- Personal taxpayer number (NPWP) & Personal Tax Status Letter (KSWP).
- Social Security BPJS (BPJS Ketenagakerjaan) and Healthcare BPJS (BPJS Kesehatan). Learn more what is BPJS!
How to Apply
Follow this step to apply for an Investor KITAS / ITAS!
- Setting a Foreign-owned Company
The applicant must have a foreign-owned company (PT PMA) in Indonesia and have shares. Then you can apply for an Investor KITAS / ITAS once the business is established.
- VITAS Approval
The first thing you do is prepare the required documents as mentioned above. Afterward, apply for a VITAS (temporary stay visa pre-approval). Next, the VITAS will be issued to your email in an electronic visa format (E-Visa) to be printed and brought with you. Once you get an E-Visa, you can enter Indonesia.
- Travel to Indonesia
Then, you can travel to Indonesia once your VITAS has been approved. The immigration department will grant a stamp on your passport with the ITAS. This means you can stay in Indonesia legally. This ITAS is valid for one year and can be extended.
- Obtain KITAS
After staying in Indonesia for a few days, you can visit the immigration offices to gain your KITAS which is a physical card to show the authorities you are eligible to stay in Indonesia. The KITAS is now available as an online record together with MERP (Multiple Exit Re-entry Permit). Your MERP will boast the same duration as your KITAS.
- Civil Registration and Reporting
Afterward, you must register and report to a related party. You should proceed to the civil administration department to obtain an Indonesian Police Report Letter (Surat Tanda Melapor / STM) and a Certificate of Registration for Temporary Resident (Surat Keterangan Pendaftaran Penduduk Sementara / SKPPS.
In conclusion, by having the Investor KITAS, you will gain some benefits that will ease your business in Indonesia legally.
If you do not have time to apply for your Investor KITAS personally, please contact SAM Consulting with a professional team ready to help at any time. Furthermore, SAM Consulting has a 10 years proven track record of handling international clients.
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