LIVING IN INDONESIA
Which visa to choose when moving to Bali?
The first thing to do when considering moving to Bali is to find out what type of visa you need. This depends on your plans in Bali. Keep in mind that the Indonesian visa policy is often changing. Therefore, it is essential to be up to date with the latest visa requirements to ensure the legality of your stay in Indonesia.
Short-stay Bali Visa
For shorter visits to travel in Bali, there are two options of short-stay visas in Bali available.
Business visa in Bali
For people preparing to start a business in Bali or attending seminars and conferences, there are two types of business visas available.
Limited stay permit KITAS
If you are planning to live in Bali for a longer term, you’re going to need a limited stay permit called KITAS. There are different types of KITAS available, and you can choose the most suitable one depending on your plans in Bali.
Entity setup without physical appearance.
We set up the whole company without the physical presence of the owners, including the opening of a corporate bank account.
Assistance in entity selection
VIVO ASIA provides assistance in choosing the right company type for your business needs – including secondary licenses if required
Corporate secretary & Nominee Treasurer
We provide Corporate Secretary and Nominee Treasurer services – These are positions in a company required to be held by Indonesians.
We provide post-establishment services like payroll management and employee handling.
Hybrid Setups via virtual offices
VIVO ASIA also helps companies set up hybrid businesses for industries where remote work is suitable.
Types of KITAS in Indonesia
KITAS is the non-permanent residence card in Indonesia. Learn how to live in Indonesia legally. If you are planning to work in Indonesia or stay in Indonesia for longer than a few months, you need a limited stay permit (KITAS). This article will guide you through the different options for getting a KITAS in Indonesia as well as explain the process for obtaining a working KITAS.
Getting a work permit in Indonesia to foreign workers
Hiring foreign employees in Indonesia through acquiring work and stay permits. To stay and work legally, a foreign national needs a work permit in Indonesia. This article demonstrates how to apply for the work permit for both the foreign workers and foreign investors planning to live in Indonesia. To get a work permit, a foreign national first has to be employed by a company registered in Indonesia. However, not all companies are allowed to hire foreign workers.
Indonesia Business Visa
Business visas for Indonesia are special travel documents that allow business travelers to visit the country for business purposes. Business visas in Indonesia differ depending on the visitor’s specific requirements. A single-entry business visa allows travelers to stay in Indonesia for up to 180 days for business purposes, with an initial validity of 60 days that can be extended three times. Furthermore, the business visa holder must be sponsored by an Indonesian company.
Digital Nomad Visa
A digital nomad visa enables remote workers to temporarily stay in another country. The applicant must work remotely for a firm, client, or own a business outside of the nation where a digital nomad visa is sought. It is essential to understand that a digital nomad visa does not allow the holder to look for work in that country. Holders will be able to stay for five years tax-free if they can prove their income is earned outside of Indonesia. If accepted, the nomad visa will be one of the world’s longest, with other countries only allowing digital nomads up to 90 days.
Working at the local company and getting a KITAS as the beneficiary owner.
A local company must have one resident director who is an Indonesian citizen. But, your local company can appoint you as the president director despite being the beneficial owner. That is only if your local company has had IDR 1 billion capital. It is since the company’s capital must be at least IDR 1 billion per hired foreigner. In that case, you can get a temporary stay permit (KITAS) for work. The working KITAS is valid for a year. It can be renewed annually up to five times. Afterward, you will need to cancel your KITAS and reapply. Otherwise, you can upgrade your KITAS to a permanent stay permit (KITAP). Besides, it is one of the major benefits of the director position. Advisor or manager positions, namely, do not allow proceeding with the KITAP after five years.
How to Get a KITAS Using an Employer of Record Service in Bali
Shelf company is a business entity which has been created with a sole purpose – to put it on a shelf to age. Once it has been aging for a certain amount of time, the company is sold. VIVO ASIA for example has numerous sellable shelf companies prepared, which carry the incorporation date between the years 2015-2016. As per the Conditional Sales and Purchase Agreement (CSPA), you are able to use the company for your business purposes 2-4 working days after signing the agreements.
Get a 60-day Indonesian visa for business and tourism (B211a)
Due to the pandemic, entering Indonesia remains restricted. B211a visa is the easiest way to get an Indonesian visa and stay in the country for up to 60 days.
How long does it take before I can operate my newly established company?With Vivo Asia, it takes almost 4 weeks to establish a company.
What are the essential requirements to set up a company in Bali?For company registration in Bali, you’re required to have at least two shareholders and a capital statement letter.
Can I have 100% ownership?For foreign companies in Bali, there must be a minimum of 2 shareholders. In most cases, Indonesian legislation allows 100% foreign ownership but there are some exceptions.
How many KITAS can a company sponsor?The number of KITAS you can sponsor is not regulated by law. Any shareholder who fulfills the legal requirements is entitled to receive an investor KITAS.
Is there any limitation on how many shareholders or directors the company can have?No, there is no limitation. A company can have as many shareholders or directors as they want.
Do I have to prove the capital on the company’s account for company registration in Bali?No, a capital statement letter from Vivo Asia is sufficient to register a foreign-owned company in Bali. The capital can be transferred once the company is registered and a bank account is opened.
Are tax rates different for foreign-owned companies and local companies?The tax rates for foreign-owned companies are based on the company’s revenue and profitability, just like the tax rates for local companies. Therefore, tax rates are the same for Indonesian and foreign companies.