- Posted by Bali Legals
- On October 30, 2023
An Investor KITAS (Kartu Izin Tinggal Terbatas) in Bali refers to a specific type of residence permit available to foreign investors who wish to establish a business or invest in Bali, Indonesia. KITAS is a legal document issued by the Indonesian government that allows foreigners to reside and work in the country for a specified period.
Here are some key points regarding the Investor KITAS for Bali:
1. Foreign Investment: To qualify for an Investor KITAS, you need to make a significant investment in Indonesia. The specific investment requirements vary depending on the type of business or investment you plan to undertake. The investment can be in the form of capital, assets, or other tangible contributions to the local economy.
2. Business Establishment: Along with the investment, you need to establish a business entity in Bali. This can be in the form of a limited liability company (PT PMA) or another appropriate legal entity. The business should comply with the regulations set by the Indonesian Investment Coordinating Board (BKPM).
3. Employment of Locals: As part of the Investor KITAS requirements, you are generally expected to employ a certain number of Indonesian workers in your business. The specific ratio of local employees to foreign workers may vary depending on the sector and location of your business.
4. Application Process: The process of obtaining an Investor KITAS involves several steps, including the submission of required documents, obtaining necessary permits, and fulfilling specific criteria set by the Indonesian authorities. It is advisable to seek guidance from Bali Legals as we specialize in Indonesian immigration and investment laws and can navigate you through the application process.
5. Validity and Renewal: The initial Investor KITAS is typically granted for one year and can be renewed annually as long as the investment and business remain active. Renewal requires compliance with ongoing legal and regulatory obligations, including financial reporting and tax obligations.
It’s important to note that the specific requirements and regulations for obtaining an Investor KITAS may be subject to change, and it is advisable to consult with us to ensure you have up-to-date and accurate information for your specific investment plans in Bali.
For assistance with an Investor KITAS for Bali, get in touch with Bali Legals to discuss your requirements.
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