The 2nd Home Visa, launched with much fanfare in late October 2022 and scheduled to become available on 25 December, has failed to attract any takers in Bali.
The State News Agency Antara reports that Anggiat Napitupulu, Head of Immigration in Bali for the Ministry of Law and Human Rights, confirmed that there had been no applicants for the new class of 2nd Home Visas filed with his office.
The new class of 2nd Home Visas is intended to provide wealthy foreigners the opportunity to obtain stay permits valid for 5 or 10 years without any obligation of employment or a requirement to own a business in Indonesia. The key requirement for a 2nd Home Visa is that the applicant must be able to demonstrate to immigration authorities that they have Rp. 2 billion on deposit with a Government Bank or can present a deed of ownership for a luxury property in Indonesia.
The government’s anticipation that foreigners living in Indonesia on retirement visas would quickly migrate from retirement visas to 2nd Home Visa has failed to materialize.
There are an estimated 6,000 foreigners living in Bali using retirement visas.
Putting to rest widespread concerns that those on retirement visas would be required to convert their immigration status to a 2nd Home Visa, the Immigration Chief for Bali added that individuals holding retirement visas can renew and extend their current visa.
Speaking at a press conference held in Denpasar on Monday, 26 December 2022, Napitupulu said: “For Bali, I have not yet received confirmation that any foreigner has departed to Indonesia holding a ‘second home visa.’ 6,000 people in Bali hold retirement visas.”
Putting to rest widespread concerns that those on retirement visas would be required to convert their immigration status to a 2nd Home Visa, the Immigration Chief for Bali added that individuals holding retirement visas can renew and extend their current visa.
Those applying for a 2nd Home Visa must present proof of an Rp. 2 billion deposit with an Indonesian government bank or a property certificate for a “luxury” property in Indonesia. Within 90 days of the second home visa applicant’s arrival in Indonesia, they must present the supporting financial documentation to immigration from a bank or a certified copy of the land ownership certificate.
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