New visa allowing 5 to 10 years

mgardner Member

22POSTS

3 years ago

Hi.

The new visa allowing 5 to 10 year living in Indonesia...

The article mentions needing approx 130k US in the bank.

is that an initial amount that must exist in the bank, or is the amount a total which must be proven to be available over the 5 year period?

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BaliTiger Active member

40POSTS

3 years ago

It is all money in the bank when you apply for your visa. Per person.

1 member reacted to this post

Digitarius Serial expat

243POSTS

3 years ago

where did you read this article I'd like to read it also.聽

Fred Indonesia Expert

30549POSTS

3 years ago

where did you read this article I'd like to read it also.
-@Digitarius

/forum/viewtopic.php?id=1005303

Digitarius Serial expat

243POSTS

3 years ago

I don't like the idea of putting that much money in an Indonesian bank for five years.聽 The visa is cool but that amount in an Indonesian bank.........

1 member reacted to this post

GuestPoster1236 Guest

0POSTS

3 years ago

@Digitarius

Indonesia鈥檚 credit rating isn鈥檛 too flash either.

Having that amount in a bank account likely earning peanut interest is a waste of money.

Given over 5/10 years most decent retirement Superannuation funds have averaged around the 10% mark.聽聽Bank interest is 3+% 鈥ssuming foreigners are entitled to get it..聽聽聽

You鈥檇 be torching close to $10,000 PA in lost earnings.

it would make more sense to just get the retirement Visa .聽

Plus鈥eading the info , it would appear they want you to invest in the country as well, so I can imagine they won鈥檛 want to be paying you interest on your money for very long.聽聽