Understanding KITAS Investor in Indonesia

The KITAS Investor, a specialized immigration product catering to investors venturing into Indonesian businesses, plays a pivotal role in facilitating foreign investments within the country. Serving as a Limited Stay Permit Card, it signifies the Indonesian government’s commitment to fostering a conducive investment environment. While the term “KITAS” technically stands for “Kartu Izin Tinggal Terbatas,” it’s noteworthy that physical cards are no longer issued for this purpose. Instead, it’s commonly referred to as ITAS (Izin Tinggal Terbatas), although for clarity in this discourse, we’ll maintain the use of the term KITAS.

One of the most enticing benefits of the KITAS Investor is its exemption from work permit fees, which typically amount to USD 1,200 per year for foreign investors without this permit. This exemption is subject to specific conditions, granting investors the liberty to engage in work activities immediately after their initial investment without enduring protracted waiting periods.

KITAS Investor comes in two variants, each differing in the duration of stay validity. The C313 visa allows for a one-year limited stay, while the C314 visa extends this duration to two years. Both types of KITAS/ITAS permits offer the flexibility for investors to enter and exit Indonesia multiple times throughout their validity period, facilitating seamless business operations and travel arrangements.

To qualify for the KITAS Investor, foreign investors must meet certain criteria, including a minimum investment threshold of Rp1,000,000,000 (one billion rupiahs). Additionally, the invested company must exhibit a substantial capitalization of over Rp10,000,000,000 (ten billion rupiahs), reflecting the government’s focus on attracting significant investments to bolster economic growth and development.

By streamlining the immigration process and offering preferential treatment to foreign investors, the KITAS Investor scheme not only encourages inflow of foreign capital but also contributes to job creation, technology transfer, and overall economic advancement in Indonesia. This initiative underscores the government’s commitment to fostering a business-friendly environment and positioning Indonesia as an attractive investment destination on the global stage.