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RETIREMENT VISAS

LEGAL & VISAS

How to Prepare for a Retirement Visa in Indonesia?

As long as you are older than 55, a retirement visa is one of the most convenient ways to stay in Indonesia. However, there are certain conditions you have to meet to be eligible for it.

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Indonesia Retirement Benefits for Foreigners

You will experience plenty of benefits by settling in in Indonesia: You can live in Indonesia for years

  • Enter and exit the country as often as you would like

  • Lease land

  • Get a local bank account

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There are a few requirements for those who would like to apply for a retirement visa in Indonesia.

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See if you match the criteria and where to begin the preparation of your journey:

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Three Stages of Retirement Visa in Indonesia

For a permanent stay, however, you can also consider registering a company or setting up a representative office in Bali. Setting up a representative office allows different activities and benefits for business owners.  Also, in the long-term, it is more cost-effective compared to EOR. If you are planning a short-term stay in Bali, however, obtaining a business visa would be an easier option. With a business visa, you will be able to conduct business activities and study the market. However, note that a business visa does not allow you to take up any employment in Indonesia.

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Retirement in Indonesia for Married Couples

Married couples often have Indonesia in their bucket list – it is not rare to find them cherishing their long unit by retiring on one of the archipelago’s islands. However, meeting the requirements of a retirement KITAS is sometimes difficult for both of the partners. Note that if one of you already has the retirement KITAS, the other can apply for a visa called a dependent KITAS. A dependent KITAS is a more convenient option as the process and requirements are simpler. In fact, you can also apply a dependent KITAS for your kid when retiring if he or she is under 18 years old.

Paying Taxes When Retired in Indonesia

Once you get a retirement KITAS or a dependent KITAS you become a resident in Indonesia. Therefore you must report your global income in Indonesia. Alike to Indonesians, a foreigner on a retirement visa must also pay the Indonesian Personal Income Tax. See the clarifying table regarding the taxable income.

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Complete Retirement Service for Retirees in Bali

Besides handling the retirement visa, VIVO ASIA can also provide a complete retirement service in Bali. This includes everything you need for a comfortable everyday living at a fraction of the cost compared to your home country. While there are many good quality housings available in the popular touristic areas, finding a good deal is often a hassle. That is why VIVO ASIA provides the support in finding you a house that meets your budget and makes sure all the paperwork is in order. This service also assures you won’t pay above market rate.

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