Indonesia Golden Visa Nears US$3 Billion in Investment Ahead of Two-Year Mark

Indonesia’s golden‑visa program has attracted nearly US$3 billion in investment within two years, but the pace of new permits has slowed markedly since the first year.

Investment performance

• Total investment to 18 May 2026: Rp 52.1 trillion (≈ US$2.95 billion) across 1,274 permits.
• Corporate investors dominate: Rp 50.88 trillion (97.7 % of total).
• Individual investors:
  • Without a company – Rp 179.4 billion (≈ US$10.2 million)
  • With a company – Rp 130.3 billion (≈ US$7.4 million)
• Non‑tax state revenue generated: Rp 19 billion (≈ US$1.08 million).

Top source countries

• United States – 160 visas
• China – 147 visas
• Taiwan – 110 visas
• Other notable origins: Australia, Russia, the Netherlands, the United Kingdom, Japan, South Korea (exact numbers not disclosed).

Growth timeline

• Average issuance fell from ≈ 72 permits/month (first 14 months) to ≈ 33 permits/month (Sept 2025‑May 2026).
• Average investment per permit dropped from ≈ US$2.3 million overall to ≈ US$887 k for the latest cohort, indicating fewer large corporate applicants.

Visa categories and thresholds

• Individual investors:

  • US$350,000 (deposit in government bonds, bank accounts, or public‑company shares) for a five‑year stay.
  • US$700,000 for a ten‑year stay.

• Corporate investors:

  • US$25 million for a five‑year visa (covers directors and commissioners).
  • US$50 million for a ten‑year visa.

• Special categories (retirees, “second‑home” applicants, global talent, investors in the new capital Ibu Kota Nusantara).

  • In Jan 2026, IKN thresholds were lowered to US$5 million (five years) and US$10 million (ten years).

Benefits for visa holders

• Priority lanes at airports.
• Streamlined immigration services.
• Legal certainty for investment and employment in Indonesia.