Another type of KITAS that also appeals to foreigners is Investor KITAS. Indonesian Investor KITAS offers major noteworthy benefits, including ease of application and waiver of work permit fee. With an Investor KITAS, foreign investors will no longer be required to pay a fee of USD 1,200 every year, if they meet all the investment requirements. Furthermore, once the initial investment has been poured, foreign investors can immediately start working in Indonesia.
To qualify for an Investor KITAS, foreign investors are required to have a minimum investment of IDR 1 billion in invested shares and the invested capital of the company has to be over IDR 10 billion. A newly established company will be able to sponsor the investors upon receiving the business registration number (Nomor Induk Berusaha – NIB) and business licenses (Izin Usaha). For businesses that are already up and running, necessary licenses can be applied directly through the Online Single Submission (OSS) system.
The number of foreigners coming to Bali who fail to comply with the Indonesian regulations is increasing. Please note that requirements for a work permit, work visa in Bali, as well as the process of extension of visa, are the same everywhere in Indonesia.
Tourists coming to Bali are not exempt from the legal obligations, and they are not allowed to work without a valid work visa and work permit. Incomers should also pay higher attention when choosing a visa agent in Bali as they frequently become a subject to organised crime.