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Golden Visa for IKN: Investment Starting from USD 5 Million

Foreign investors looking to invest in Indonesia’s new capital, Ibu Kota Nusantara (IKN), can now apply for a Golden Visa with significantly easier requirements. This policy aims to attract more investment into IKN and boost economic growth in the region.

Lower Investment Requirements for Golden Visa

Director General of Immigration, Silmy Karim, announced in 2024 that the investment requirements for foreign companies interested in IKN have been significantly reduced.

“The minimum capital requirement for foreign companies investing in IKN has been lowered from USD 25 million to USD 5 million for a five-year stay. Meanwhile, for a 10-year stay, the requirement has been reduced from USD 50 million to USD 10 million,” Silmy stated on Wednesday (March 12, 2025), as reported on the official website Imigrasi.go.id.

Additionally, foreign companies establishing branches or subsidiaries in IKN now enjoy more lenient regulations. They are no longer required to meet turnover requirements applicable to parent companies, a condition still enforced for foreign companies opening branches outside IKN.

Golden Visa to Boost Investment and Tourism

Earlier, in 2024, Minister of Tourism and Creative Economy Sandiaga Uno emphasized that the Golden Visa program is expected to drive investment growth in Indonesia, particularly in IKN.

Sandiaga also highlighted that the visa could attract more international tourists to IKN. With a Golden Visa, foreign visitors would not need to apply for a visa repeatedly, provided their stay in Indonesia is less than one year. However, those staying for more than a year would no longer be classified as tourists.

To ensure the policy remains beneficial, strict background checks and fund source verification are in place to mitigate risks. The government has also implemented monitoring mechanisms for Golden Visa holders.

How to Apply for a Golden Visa

The E28F Golden Visa can be applied for online via evisa.imigrasi.go.id. Prospective investors must submit the following documents:

  • A passport with at least six months of validity
  • A passport-sized photo
  • A commitment statement to establish a company in IKN with a minimum investment of $5 million for five years or $10 million for ten years

As of January 2024, 62 Golden Visas have been issued. Silmy reiterated that this initiative reflects the Immigration Directorate General’s commitment to supporting national economic development.

“We hope that the entry of foreign investors will stimulate the economy in IKN and surrounding areas,” he concluded.

 

Source: suarakaltim.id, imigrasi.go.id, tempo.co

Special Photo Credit:  by.Google/instagram.com/shintaeyong

 

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