Indonesia’s Golden Visa nearly hits $3B: 1,274 permits issued in 2 years

The Indonesia Golden Visa program continues to draw foreign capital. According to the Directorate General of Immigration, by May 18, 2026 the authorities had issued 1,274 permits, bringing total investment to IDR 52.1 trillion (about $2.95 billion). These figures were announced on May 21, 2026 at a press conference in Jakarta by the Director General of Immigration, Hendarsam Marantoko.

Golden Visa investments by category

Corporate investors account for the bulk of the overall total. Out of IDR 52.1 trillion, they contribute IDR 50.88 trillion, or 97.7%.

Individual investors who did not set up a company invested IDR 179.4 billion (around $10.2 million). Meanwhile, investors who did establish a company provided IDR 130.3 billion (approximately $7.4 million).

In addition, the program generated non-tax revenue for the state (PNBP) of about IDR 19 billion (roughly $1.08 million).

By number of visa holders, citizens of the United States lead with 160 recipients. They are followed by China with 147 and Taiwan with 110. Other top source countries mentioned include Australia, Russia, the Netherlands, the UK, Japan, and South Korea, though the authorities did not disclose exact figures for every country.

Issuance slowed after a strong first year

The program was launched in July 2024 by former President Joko Widodo. Its goal is to attract investors, global talents, diaspora members, and descendants of former Indonesian citizens.

By the end of 2024, immigration authorities had issued 471 Golden Visas totaling IDR 9 trillion (then estimated at about $558 million). Nine months later, the figures rose to 1,012 permits and IDR 48 trillion (around $2.9 billion).

However, between September 2025 and May 2026, the pace slowed significantly: only 262 additional permits were issued, along with roughly IDR 4.1 trillion (about $232 million). On average over those eight months, about 33 visas per month were granted—less than roughly 72 per month during the first 14 months of the program.

At the same time, the average investment per permit also declined. Overall, across the entire period, one visa corresponds to approximately $2.3 million in investment. For the batch issued after September 2025 (262 permits), the average dropped to about $887,000. This may indicate that the later wave included fewer large corporate applicants.

Still, officials note that the target for the number of recipients has been exceeded. Hendarsam Marantoko emphasized that the program initially aimed for 1,000 visas, but the final figure surpassed 1,200.

Who can apply for the Golden Visa and what investment thresholds apply

Indonesia’s Golden Visa is a long-term residence permit valid for 5 to 10 years, available to investors, professionals, members of the global elite, and former Indonesian citizens.

For individual investors, the requirements are based on deposits or securities: $350,000 for a 5-year visa (government bonds, bank deposits, or shares of public companies) and $700,000 for a 10-year visa.

For corporate investors, the thresholds are higher: $25 million for a 5-year visa (including directors and commissioners) and $50 million for a 10-year visa.

Visa holders receive advantages in immigration procedures, including priority lanes at airports, a simplified application process, and legal certainty for investments and work in Indonesia.

Separate categories are available for retirees under the “silver hair” scheme, applicants for a “second home,” members of the “global talent” category, and investors in Ibu Kota Nusantara (IKN), Indonesia’s new capital. In January 2026, the IKN thresholds were reduced to $5 million for 5 years and $10 million for 10 years.

Oversight of misuse and enforcement against violations

The Directorate General of Immigration continues to monitor foreign nationals for misuse of visas. Recent operations targeting online gambling networks in Batam and West Jakarta were cited as examples.

In this way, Indonesia’s Golden Visa program is moving toward the $3 billion investment milestone. At the same time, issuance rates have noticeably slowed after the first year, and the average investment per permit has declined.

If you’re considering a Golden Visa as an investment route to an overseas residence permit, Indonesia is a strong example: 1,274 approvals have already been issued and investment volumes are reaching billions. At Digital Nomad, we help you understand eligibility, investment options, and the application steps—so you can move forward with confidence and fewer delays.

Our Telegram channel about various types of Greek residence permits, digital nomad programs, and the Greek Golden Visa: @digitalnomadgr