New visa allowing 5 to 10 years

mgardner Member

Member since 11 June 2015

mgardnerMember03 November 2022 16:13:13

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?

BaliTiger Active member

Member since 06 July 2019

BaliTigerActive member07 November 2022 07:32:32

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

Digitarius Serial 暗网禁区

Member since 02 February 2016

DigitariusSerial 暗网禁区16 November 2022 23:25:46

228

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

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert16 November 2022 23:48:39

29633

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

/forum/viewtopic.php?id=1005303

Digitarius Serial 暗网禁区

Member since 02 February 2016

DigitariusSerial 暗网禁区29 November 2022 07:33:51

228

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.........

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GuestPoster1236 Guest

GuestPoster1236Guest30 November 2022 11:45:37

@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