Description
According to the subsequent BKPM amendments to the Presidential decree BKPM no.5/2019, Indonesia offers further benefits to Investors residing in Indonesia. Prior to this regulation issuance it was necessary for Investors to apply for a Working KITAS (Index code 312), along with a working permit which costs US$1200 per year, as a mandatory fund.
Consequently, due to this amendment, Working Permits are no longer necessary for Investor KITAS holders – reducing the Visa outlay by US$100 per month/$1200 per year.
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