The relatively low cost of living, warmer all year round climate and general slower pace of life have been attracting retirees to Bali and Indonesia for quite some time. The Indonesian retirement visa allows those aged over 55 to stay in Indonesia for a longer period of time enabling them to live in Bali. With the multiple entry permit you may leave and re-enter the country as many times as you like.
Many people who move to Bali to Retire are often taken aback by the bureaucracy and sometime drawn out procedures to achieve anything official. At Furo Property Bali , we can assist to help refer you to a trusted agent which will take care of all your necessary affairs such as Visa applications, Insurances etc., to ensure that your life is stress free.
Qualification For Indonesia Retirement Visa To Live In Bali
|Age||You must be 55 years of age or over.|
|Work||You must have no plan to work in Indonesia.|
|Life & Health Insurance||Insurance provider can be a company of your choice but must provide cover in Indonesia.|
|Home||You must have at least a 1 year lease agreement.|
|Maid/Helper||You must hire a maid or domestic helper (1).|
|Funds||You must give evidence that you can support yourself with either a bank statement showing over US$18,000 in the account or proof of other support payments equaling this such as investment or pension.|
Benefits of the Indonesia Retirement Visa
|Resident||You may live in Bali for years*|
|Entry/Exit||You can arrive and leave as many times as you want with the multiple exit/entry visa|
|Lease||You can take out a lease on a property|
|Drive||You can obtain an Indonesian driving license. An international driving license is only permitted for short stays and no other license is valid in Indonesia|
|Bank||You can open and Indonesian Bank account|
|Discounts||Residents will often be offered preferential rates in hotels, attractions in contrast to the tourist prices|
Documents Needed To Process Your Retirement Visa
The documents you will need to process your Retirement Visa to live in Bali
– A copy of your Valid passport – the passport should have at least another 18 months validity and also must have at least 6 empty pages (Indonesia love stamps!)
– A letter stating that you intend to employ a maid.
– You need to prove your lease with a copy of your signed contract agreement which clearly shows the amount you leased the unit for and the owners details.
– A copy of your health and life insurance policies. This is to ensure that you will not become incumbent on the state in the future and are able to care for yourself.
– Copy of your bank account statement or proof that you are receiving a regular dividend from you investment or pension or any other documentation that proves you have enough funds to support yourself
– Passport Photographs with red background
– A sponsor letter
Once the visa is ready you will receive a “Telex Visa ” to present to the embassy in your country along with your passport and passport photo. We always recommend you to contact your local Indonesian Embassy since they might require additional documentation when processing your Indonesian Visa.
Once you have your Visa, you may arrive in Bali and then we will arrange an appointment for you and accompany you to the Indonesian Immigration office for your fingerprint taking and interview in order for the immigration to convert your visa to a Temporary Residence Permit (KITAS).
This KITAS is then renewable annually (which we will take care of). The KITAS will be renewed up to 4 times (5 years) after which you can convert it to a KITAP (Permanent Stay Permit) which is valid for 5 year intervals.
Note that to come and go as you please you need to also have a Multiple exit, re-entry permit (MERP) which is renewable every six months to allow you freely to exit and re-enter Bali.
Updated September 2020.
Please note the above information was correct at the time of going to print, however is subject to change therefore it is best to contact us when the time comes to clarify the updated regulations. Indonesia are currently making some big changes to encourage foreign investment and even property ownership as well as amendments to the Tax laws which will all have an even more positive impact on your retirement in Bali