KITAS E28A - 1 Year Investor KITAS

The Investor KITAS, also known as an Investor Limited Stay Permit, is a specialized residence permit for foreign nationals who have made a substantial financial investment in a Foreign-Owned Company (PT PMA) in Indonesia. This permit is a strategic option that offers a number of key benefits over traditional work visas.Key CharacteristicsOfficial Names: Investor KITAS, ITAS Investor (Izin Tinggal Terbatas Investor).Purpose: The primary purpose is for an investor to legally reside in Indonesia to manage and oversee their business operations.Validity Period: The Investor KITAS is typically issued for a validity of 1 year, based on the applicant's passport validity and investment details.Investment Threshold: To qualify, an investor must hold shares with a minimum value of IDR 10 billion in a company.Multiple Entry: This permit includes a Multiple Exit/Re-Entry Permit (MERP), allowing the holder to travel freely in and out of Indonesia for the duration of the KITAS validity without needing to reapply.Breakdown of Features & BenefitsWork Authorization: Unlike other stay permits, the Investor KITAS grants the holder the right to work as a Director or Commissioner within their own PT PMA without needing to apply for a separate work permit (IMTA) or pay the monthly DKP-TKA fee (around USD 1,200/year).Long-Term Stay: The KITAS provides a legal basis for long-term residency in Indonesia, with renewal options that can lead to permanent residency (KITAP) after a certain period.Family Sponsorship: Investor KITAS holders can sponsor their spouse and children to obtain a Dependent KITAS, allowing their family to reside with them in Indonesia.Financial Benefits: As a legal resident, you can open local bank accounts, apply for credit cards, and engage in other financial activities.