KITAS Investor is an immigration product specifically designed for investors who make investments in companies in Indonesia. This document grants a limited stay permit to foreigners in Indonesia, and it is a part of the Indonesian government's efforts to enhance the investment climate in the country. Although KITAS stands for "Kartu Izin Tinggal Terbatas" (Limited Stay Permit Card), the Indonesian government no longer issues physical cards for this purpose. Instead, it is now commonly referred to as ITAS (Izin Tinggal Terbatas), but for the sake of clarity in this article, we will continue to use the term KITAS.
KITAS Investor provides various benefits to foreign investors, with one of the most appealing advantages being the ease and exemption of work permit fees. Foreign investors without KITAS Investor are required to pay USD 1,200 per year for a work permit, whereas KITAS Investor holders are exempt from this requirement as long as they meet specific conditions. Moreover, KITAS Investor holders do not need to wait for an extended period to start working in Indonesia after making their initial investment.
There are two types of KITAS available for investors, each with a different duration of stay validity. The C313 visa provides a one-year limited stay, while the C314 visa allows for a two-year limited stay. Both types of KITAS/ITAS permits allow investors to enter and exit Indonesia multiple times during the validity period.
To obtain the KITAS Investor, foreign investors are required to make a minimum investment of Rp1,000,000,000 (one billion rupiahs). Additionally, the invested company must have a capital of more than Rp10,000,000,000 (ten billion rupiahs).
If you need consultation concerning these issues, Schinder Law Firm is one of the many corporate law firms in Indonesia. Our professional civil lawyers strive to understand your unique needs and concerns. We will develop creative, cost-effective ways to assist you. Contact us at firstname.lastname@example.org today to schedule a consultation to discuss your situation and how we can be of help.
Author: Dewi Susanti