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Retiring in Indonesia


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Old 11-28-2021, 08:45 PM
samku samku is offline
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Default Retiring in Indonesia

The warm climes of Indonesia have attracted the attention of retirees from colder climes. While many come for a one-month stay on a tourist visa, there is now a way to stay longer, on a retirement visa. Other important issues related to retirement are Purchasing Property, Indonesian income tax and Medical Care.
The retirement visa allows you to live in Indonesia, make multiple trips out of Indonesia during the year, open a local bank account, and get a drivers license, etc. You can NOT do work of any kind in Indonesia on this visa, nor can you legally work remotely with a company in another country on this visa.
The official name of the retirement visa is "Visa Tinggal Terbatas untuk Wisatawan Lansia Mancanegara" Indeks Visa 319. Lansia stands for lanjut usia (geriatic age).

Retirement KITAS – Who is it for and what are the benefits?
Retiring on an exotic island surrounded by sun, sea and sand is a dream for many people. Indonesia is a stunning archipelago comprising of thousands of islands all with their very own character and charm. Therefore, it is no wonder why every year, people decide to enjoy their retirement years on one of Indonesia’s paradise islands.
To obtain a retirement visa, the process is relatively simple and the requirements are fairly straightforward. The main requirement is age, whereby you must be at least 55 years old to apply.
Once you have obtained your Retirement Visa, there are a multitude of benefits, which include:
Entering and exiting the country freely
The ability to lease land
Allowed to open a bank account

Eligible Applicants for a Retirement Visa
Unfortunately, not every retiree who is 55 years of age or older, is eligible for obtaining a retirement visa Indonesia. Restrictions are related to foreigners’ countries of origin as well.
Currently, around 60 nationalities are granted the retirement visa option:
A – Argentina, Australia, Austria
B – Bahrain, Belgium, Brazil, Brunei, Bulgaria
C – Canada, Cyprus
D – Denmark
E – Egypt, Estonia
F – Finland, France
G – Germany, Greece
H – Hungary
I – India, Iran, Ireland, Iceland, Italy
J – Japan
K – Kuwait
L – Liechtenstein, Luxemburg
M – Malaysia, Maldives, Malta, Monaco, Mesir
N – the Netherlands, New Zealand, Norway
O – Oman
P – Philippines, Poland, Portugal
Q – Qatar
R – Russia
U – United Arab Emirates
S – Singapore, South Africa, South Korea, Spain, Suriname, Sweden, Switzerland
T – Taiwan, Thailand
U – United Kingdom of Great Britain and Northern Ireland, United States
In addition to the above, ensure that the following criteria are met before you proceed with your Indonesia retirement visa
application:
Age must be 55 or older
You will not work in Indonesia
You need to have life and health insurances
You are required to hire a domestic helper or a maid
You need to have a place to reside and have a lease contract for a minimum of 12 months
Your deposit or pension account must show the amount of at least US$18,000 every year

After the Retirement Visa Is Approved
After the Immigration Department of Indonesia approves your Indonesia retirement visa application, they will issue a written confirmation. You have to send this confirmation to the Embassy or Consulate of Indonesia which has jurisdiction over the area you live in. This could be in your own country or in a neighbouring country. You can find the Diplomatic Missions of Indonesia here.
You have to contact the Embassy/Consulate or visit their website so that you learn their application requirements. You may have to make an appointment.
Collect the required documents for the Indonesia retirement visa application. The Embassy/Consulate will inform you what documents you have to submit.
Pay the Indonesia visa fee. The method of payment changes depending on the specific Embassy or Consulate. In some cases, you may have to pay through a bank, while others accept cash.
Submit the documents at the Indonesian Embassy or Consulate, by mail or in-person.
Once they have a decision, you should go back to pick up your passport and documents. If you applied by mail, the Embassy/Consulate will mail them to you.
Once you receive your Retirement Visa at the Embassy/Consulate, you can travel to Indonesia where you have to apply for a residence permit.

What Is the Duration of a Retirement Visa for Indonesia?
A Retirement Visa for Indonesia (Retirement KITAS) is issued for a period of one year, and it can be renewed annually for up to five years. After five years of temporary residence (KITAS), you become eligible for a permanent residence permit, known as KITAP.
Indonesia Retirement Visa to Permanent Residence (Retirement KITAP)
Once you have extended your Retirement Visa KITAS for five consecutive years, you become eligible for permanent residency. The KITAP is a permanent residence permit which is valid for five years and can be renewed indefinitely every five years.
To apply for a Retirement KITAP, you again need the sponsorship of a tourist/travel agency, who will submit the application to the Immigration Department. To apply for the Indonesia Retirement Visa KITAP, you need the following documents:
Letter of Guarantee/Sponsorship from the tourist travel office.
Your most recent KITAS
Your original valid passport as well as a copy
The license and tax number of the travel office.
Your Curriculum Vitae (CV).
Passport-size pictures.
Proof of sufficient funds (US$ 1,500 per month or US$ 18,000 per year)
Proof of accommodation in Indonesia
Proof of having employed an Indonesian maid/domestic helper during your previous stay
Indonesia Retirement Visa for Couples or Families
A married couple will often want to retire together. In this case, they can both apply for a Retirement Visa but the applications will be processed separately, so it may not always be possible that both of them meet the conditions to receive the visa.
If one of the partners is not yet 55 or fails to meet another requirement, he or she can apply for a dependent/family visa KITAS instead. Additionally, if you have a dependent child under the age of 18 that you want to bring with you, you can apply for a dependent family visa KITAS for your child as well.
In the case of a Retirement Visa with dependents, the main visa holder must have higher financial income per month/year, but a dependent visa KITAS is generally easier to acquire.
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