Despite the fact that the US-China trade war has slowed the global economy and had an influence on Indonesia’s economy, the investment outlook in 2019 remains strong. Indonesia’s economy is expected to rise at a quick pace in 2020, with a growth rate of 5.3-5.4 percent.
Furthermore, since the first quarter of 2019, investors have been investing in large projects in Indonesia, indicating a good outlook. There is little doubt that the investment climate for international investors remains favorable. The government’s attempts to simplify the investment process through different policy changes, such as the Ministry of Manpower Regulation No.8/2021 on Foreign Workers, are one of the major drivers.
The convenience of application and the removal of the work permit charge are two of the most appealing perks offered by Indonesian Investor KITAS. Foreign investors used to have to pay a costly annual charge of USD 1,200, but that is no longer the case with an Investor KITAS, as long as they meet all of the investing criteria. Furthermore, foreign investors do not have to wait months after making their initial investment to begin working. As a result, many investors interested in investing in the country are now considering Investor KITAS. Continue reading to learn more about KITAS, an Indonesian investor.
- A minimum of 1 billion IDR in shares should be invested by the investor.
- A minimum of 10 billion IDR should be invested in the company’s capital.
- A minimum of 25% of the company’s paid-up capital is required.
- After obtaining a business registration number (NIB) and trading licenses (Ijin Usaha), a foreign company investment realization report (LKPM, which should be conducted every three months), company documents, and the ID card and tax number of the company’s representative, the sponsor company can begin sponsoring Investors (should be valid)
- A valid passport that is valid for at least 6 (six) months;
- For Stateless Foreigners, a legal and still valid travel document for a minimum of 12 (twelve) months;
- A guarantee letter from the guarantor, unless the visit is for tourism;
- Proof of possessing at least USD 1500 (one thousand five hundred dollars) in living expenditures for himself and/or his family while in Indonesian territory;
- A return or connecting ticket to continue the travel to another nation, with the exception of the crew of the transportation means who will stop by to join the ship and continue the voyage to another country; and
- 2 (two) color pictures, each measuring 4 cm x 6 cm (four centimeters by six centimeters).