Bali Retirement Visa
Bali Retirement Visa - Indonesian Retirement Visa - Second Home Visa
UPDATE 13th NOVEMBER 2023
UPDATED CHANGES TO THE RETIREMENT VISA HAVE BEEN ISSUED AND ARE NOW IN EFFECT:
- The retirement visa IS only available to those aged 60 years and above. For couples, one person must be 60 or above.
- You must have proof of income to support yourself.
For all applications and current Retirement visa holders, there will be no change and these people will be allowed to renew on the old conditions.
Contrary to speculation; the Retirement Visa is still available "onshore" (meaning you should already be in the country to start the application process). You cannot convert a Tourist Visa to a Retirement Visa onshore and therefore you will need to first enter on an alternative visa and then convert that Visa.
The government recently introduced the "Second Home Visa" which allows you to stay for 5 or 10 years. The Second Home Visa was designed to stimulate more foreign investment however under this visa you are not allowed to work but must be visiting for social purposes or retirement.
The Second Home Visa has the advantage that it also allows "family members" to also get a visa to stay (ie children or parents).
The Second Home Visa has so far had quite a lot of publicity as well as opposition since one of the requirements for the Second Home Visa is that you must deposit Rp2,000,000,000 (billion) in a state owned bank as a security or alternatively must provide proof of property ownership within 90 days of being issued the Second Home Visa.
CHECK OUT OUR SISTER SITE AT "WWW.BALIINSIGHTLIVING.COM" TO SEE HOW WE CAN HELP YOU MORE IN YOUR TRIAL TRANSITION TO RETIRING IN BALI.
The relatively low cost of living, warmer all-year-round climate and general slower pace of life has been attracting retirees to Bali and Indonesia for quite some time.
The Indonesian retirement visa allows those aged over 60 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 The Wana Sandat we will take care of all your necessary affairs such as Visa applications, Insurances etc to ensure that your life is stress free.
To qualify for a Bali Retirement Visa you must:
Age
You must be 60 years of age or over
Note: The primary resident must be over 60 - a dependent visa can be applied for for those under the age of 60
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$36,000 in the account or proof of other support payments equalling this such as investment or pension
Benefits of the Bali Retirement Visa are:
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
Health
After 6 months holding a Retirement Visa (KITAS) you qualify for BPJS (Indonesian Healthcare system) for a payment of approximately Rp150,000 per month per person.
*Subject to renewals. See Below
At the Wana Sandat we will assist you with the processing and renewals of your Retirement Visa in Indonesia. Many people are often put off by the bureaucracies and quite often controversial advice relating to the Visa and it is for this reason we will ensure that your Retirement Visa is processed at the correct price.
Some of the documentation you will need for us to process your Retirement Visa are:
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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!)
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A letter stating that you intend to employ a maid. Employees at The Wana Sandat will come under the community so this should not be an issue whether you decide to employ your personal maid or not.
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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.
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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.
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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
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Passport Photographs with red background
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A sponsor letter which will be provided by The Wana Sandat
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 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.
At The Wana Sandat Lifestyle Residential Resort, our aim is to make your life as “hassle free” as possible and we will ensure we assist you, ensuring peace of mind and security when you retire in Bali.
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