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Retirement in Indonesia for expats?

Retirement in Indonesia for expats?

Old Aug 8th 2011, 10:43 am
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Default Retirement in Indonesia for expats?

Does anyone know about retirement in Indonesia for expats?

If Air Asia is baling out to make Jakarta head office and Tony Fernandes already bought his new home there, maybe bailing out of Malaysia could become a trend!!

Mind giving Tony 20% of MAS might change things!!
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Old Aug 8th 2011, 11:01 am
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Default Re: Time for a Sub Forum for Indonesia Perhaps?

I think possibly Davita may have info on the subject but he seems a little quiet these days (at least on here).
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Old Aug 17th 2011, 10:50 am
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Default Re: Retirement in Indonesia for expats?

The Immigration Department has issued the long-awaited revisions to regulations that allow the granting of temporary stay permits for those over 55 years of age. This facility to provide renewable stay permits of one year's duration was originally announced and regulated in February 1998 by the Keputusan Presiden RI nomor 31 tahun 1998, then completed in October 1998 by the Keputusan Menteri nomor M.04-IZ.01.02 tahun 1998. In the first few years after the regulations were issued few retirees were actually able to actually get the visa due to the strict requirements. The "better explanation" of the regulations in April 2002 (decree by the General Director of Immigration in law No. F. 492-UM.01.10, April 18, 2002) brought the requirements within closer reach of the financial capabilities of most retirees.

The retirement visa facility is intended to assist those wishing to spend their retirement in Indonesia and has the following requirements:

* Applicant is 55 years of age or older,
* Possess a passport or travel documents with more than 18 months remaining validity,
* Sbmit full identification (copy of all passport pages) and four passport photos 4 x 6 cm,
* Curriculum vitae,
* Statement from Pension Fund Foundation or Bank from the country of origin (or Indonesia) of funds available, minimum of US$1,500 per month, to provide the applicant living expenses during the proposed stay in Indonesia (Total US$18,000 per year) (VERY stiff compared to other countries requirements - US$600/month in Panama),
* Proof of medical/health Insurance, life insurance, and third-party personal liability insurance in country of origin or Indonesia,
* Statement of living accommodation in Indonesia. Minimum cost of US$35,000 if purchased house/apartment or, a minimum rental cost of US$500/month in Jakarta, Bandung, and Bali; US$300/month for other cities in Java Island, Batam, and Medan, and other cities a minimum US$ 200/month.) in the tourist areas according to the regulations,
* Statement to declare employment of an Indonesian maid servant whilst living in Indonesia,
* Payment of Immigration Fee based on effective regulations,
* Sponsor letter from the appointed travel agency, costs to be paid by applicant,
* Statement agreeing not to engage in business activities or work for a living. You MAY NOT WORK in Indonesia on this visa!
* You may stay in Indonesia for one year on this visa, extendable for up to a maximum stay of five years.

You can enter first on a senior citizen visit visa (VOA) and then after a month apply for the limited stay permit (KITAS).

Typical fees for a retirement visa range from Rp 5 million - Rp 7 million.
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Old Aug 17th 2011, 11:10 am
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Default Re: Retirement in Indonesia for expats?

Thank for that info. So looks like its more complicated than MM2H in Malaysia and for 1 year rather than 10 years renewable. However the financial requirements look better than Malaysia, although in Malaysia one does not have to employ a maid. What you gain on the swings, you lose on the roundabouts. It does look like its a work in progress and one assumes that it will become more inviting as time goes buy. Certainly worth watching, especially as Indonesia is going ahead in leaps and bounds and way more religiously tolerant than Malaysia.
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Old Aug 18th 2011, 6:15 am
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Default Re: Retirement in Indonesia for expats?

comparing that to Thailand it's probably better too regarding finances. Maybe not on the rents because rents are cheap here. But for income you are supposed to have over $2000 a month here for a retirement visa. Maximum of 5 years is a bit poor though. What if you don't want to leave ? Or could you leave for a bit and then start 5 years all over again ?
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Old Aug 18th 2011, 11:13 am
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Default Re: Retirement in Indonesia for expats?

Thanks indoroid. Great info. Are you living in Indonesia ?
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Old Aug 25th 2011, 6:04 am
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Default Re: Retirement in Indonesia for expats?

I've just written two long threads about Indonesia and each time I went to post them I pressed the wrong button.
So you lucky lot won't get bored as I'm not going to do it all again.
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Old Aug 25th 2011, 9:13 am
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Default Re: Retirement in Indonesia for expats?

Oh g'wan... type it again I've had that happen many times and it's always the long ones that you've typed up, isn't it? Sod's Law.
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Old Aug 27th 2011, 4:09 am
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Default Re: Retirement in Indonesia for expats?

The Retirement Visa in Indonesia is definitely a work in progress and my understanding is that you need to renew your visa through an agent who tend to charge fees for this service. This said, costs of living are generally cheaper in Indonesia and there seems to be a lot of people retiring there now.

Last edited by garlicshoots; Aug 27th 2011 at 4:10 am. Reason: mistake
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Old Aug 27th 2011, 7:48 am
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Default Re: Retirement in Indonesia for expats?

Thanks for that Garlicshoots and welcome to BE. Are you living in Indonesia? We seem to be a bit thin on the ground on this country forum.
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Old Oct 16th 2011, 5:45 am
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Default Re: Retirement in Indonesia for expats?

Hi folks....new here as I only became aware of this Indonesian site.

I'm a Scot but now a Canuck. We live in Jakarta during the Canadian winter but on a Social visit visa...We also hold the MM2H visa and I sometimes visit that site so BB has been pm'g about this, but I didn't notice as Ive been in Vancouver since June and been boating all summer.

A retirement visa is available for over 55's as noted by Indoroids above....I have many friends staying on that visa. The only addition I would make is the retirement visa can only be applied using an agent as the sponsor...it is not a DIY.
That is a problem as most agents are either crooks or lazy as they have a captured audience. It is also damned expensive as I believe kickbacks are how it is done...I am currently emailing a new agent for a quotation who I thought might be cheaper and more reliable....no reply so far.

The RI Gov't has promulgated a new immigration law which we are all interested to see instituted...we await!

Anyone have specific questions please post and I'll attempt answers.

We are also very familiar with Bali...actually will be there this Wed, for a week.
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Old Oct 16th 2011, 5:53 am
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Default Re: Retirement in Indonesia for expats?

Cheers Davita... your input very welcome.... and welcome back to south-east Asia. The Indonesia board is a bit slow-going at the moment but no doubt will pick up eventually as more people post.
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Old Oct 19th 2011, 9:39 pm
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Default Re: Retirement in Indonesia for expats?

Originally Posted by indoroids
The Immigration Department has issued the long-awaited revisions to regulations that allow the granting of temporary stay permits for those over 55 years of age. This facility to provide renewable stay permits of one year's duration was originally announced and regulated in February 1998 by the Keputusan Presiden RI nomor 31 tahun 1998, then completed in October 1998 by the Keputusan Menteri nomor M.04-IZ.01.02 tahun 1998. In the first few years after the regulations were issued few retirees were actually able to actually get the visa due to the strict requirements. The "better explanation" of the regulations in April 2002 (decree by the General Director of Immigration in law No. F. 492-UM.01.10, April 18, 2002) brought the requirements within closer reach of the financial capabilities of most retirees.

The retirement visa facility is intended to assist those wishing to spend their retirement in Indonesia and has the following requirements:

* Applicant is 55 years of age or older,
* Possess a passport or travel documents with more than 18 months remaining validity,
* Sbmit full identification (copy of all passport pages) and four passport photos 4 x 6 cm,
* Curriculum vitae,
* Statement from Pension Fund Foundation or Bank from the country of origin (or Indonesia) of funds available, minimum of US$1,500 per month, to provide the applicant living expenses during the proposed stay in Indonesia (Total US$18,000 per year) (VERY stiff compared to other countries requirements - US$600/month in Panama),
* Proof of medical/health Insurance, life insurance, and third-party personal liability insurance in country of origin or Indonesia,
* Statement of living accommodation in Indonesia. Minimum cost of US$35,000 if purchased house/apartment or, a minimum rental cost of US$500/month in Jakarta, Bandung, and Bali; US$300/month for other cities in Java Island, Batam, and Medan, and other cities a minimum US$ 200/month.) in the tourist areas according to the regulations,
* Statement to declare employment of an Indonesian maid servant whilst living in Indonesia,
* Payment of Immigration Fee based on effective regulations,
* Sponsor letter from the appointed travel agency, costs to be paid by applicant,
* Statement agreeing not to engage in business activities or work for a living. You MAY NOT WORK in Indonesia on this visa!
* You may stay in Indonesia for one year on this visa, extendable for up to a maximum stay of five years.

You can enter first on a senior citizen visit visa (VOA) and then after a month apply for the limited stay permit (KITAS).

Typical fees for a retirement visa range from Rp 5 million - Rp 7 million.
Visa's seem to be a problem in any country,
Goa we can only stay in our apartments for 180 days and then leave the country for 60 days.
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Old Oct 20th 2011, 1:53 am
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Default Re: Retirement in Indonesia for expats?

Hi Davita,
We recently spent 8 days in Vancouver and what a superb city it is, but.....you guys definitely have a boating problem....and with such waterways why not? Every day time spent around False Creek drooling. Superb weather also, but imagine its super cold in winter and can see why Indon/Mal so inviting at that time. Mind the Chinese nosh is pretty good as well.
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Old Oct 20th 2011, 3:32 am
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Default Re: Retirement in Indonesia for expats?

Crikey Noni, that doesn't sound like a good deal. You'd better come over to Malaysia and get the MM2H visa... can stay here till you drop Though I imagine that Goa is a tad cheaper?
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