Retirement Visa in Indonesia: Cost of Living & Visa Requirements

Retirement visa in Indonesia grants right of settlement in Indonesia to those who can demonstrate they are able to financially support themselves without working in the country.

Retirement Visa is one kind of KITAS that is only given to pensioners over 55 years old who have no intention to work in Indonesia, valid for one year, and can be extended five times.

Retiring in Indonesia: Why Not You?

Many people visit Bali, Indonesia during their active years and ponder the question: what if I retire here?

After all, Bali and Indonesia, in general, have many advantages for retirees:

• The weather is warm all year round: no more winter!

• The retire in bali cost of living is relatively low, making it a good option for modest retirees.

• Indonesians are very welcoming, and their culture is diverse across the islands.

• Bali remains a tourist destination with many services and activities for Westerners, along with a real community of expatriate retirees.

Bali Requirement Need to Fulfill to Get a Retirement Visa

• Age: The applicant is 55 years of age or older and retired.

• Life & Health Insurance: The insurance provider can be a company of your choice but must provide cover in Indonesia.

• Home: You must have at least a 1-year lease agreement.

• Funds: You must give evidence that you can support yourself with either a bank statement showing over US$36,000 in the account or proof of other support payments equalling this such as investment or pension

Read More Related [Visa Retirement Indonesia-How to apply Step-by-step guide]

Essential Documents for Obtaining an Indonesian Retirement Visa

• A copy of your valid passport – the passport should have at least 18 months validity and also must have at least 6 empty pages (Indonesia love stamps!)

• A letter stating that you intend to employ domestic help.

• You need to prove your lease with a copy of your signed contract agreement which clearly shows the amount you leased the unit for and the owner’s details.

• A copy of your health and life insurance policies. This is to ensure that you will not become incumbent on the state in the future and are able to care for yourself.

• Copy of your bank account statement or proof that you are receiving a regular dividend from you investment or pension or any other documentation that proves you have enough funds to support yourself.

• Passport Photographs with red background.

• A sponsor letter which will be provided by the agent.

Can Australians live in Bali permanently?

Yes, Australians can Move to bali long-term, but not permanently without proper visas. Indonesia does not offer permanent residency to foreigners in the same way countries like Australia do.

However, Australians can stay in Bali long-term using special visas. One popular option is the Retire in bali visa available to those aged 55 and older, which allows them to live in Bali for up to five years with annual renewals. Other options include long-stay visas like the Second Home Visa.

Read related topic [Retirement Visa-Start Your Bali Journey Today ]

The Second Home Visa: Another visa to consider for retirees with financial means

The bali second home visa is clearly to attract the wealthiest individuals who won't work in Indonesia (as in not compete with local work force) but will live there and contribute to the local economy. That includes:

• Wealthy retirees.

• Digital nomads and other remote entrepreneurs.

However, it allows staying for 5 to 10 years with less paperwork than the current retirement KITAS, and is eligible to citizen of all countries.

What’s the Cost of living in Bali for an Expat?

Housing: It’s limited; your rent should be at least US $500 per month, since we’re talking about retiring in Bali. This is one of the requirements to get the retirement visa. The threshold is a bit high, but this can also give you a comfortable place and it should provide many options!

Food and Groceries: Grocery prices in Bali are relatively low compared to Western countries. A weekly grocery bill for a couple could average around $50 to $100, depending on dietary preferences and lifestyle choices.

Transportation Costs: Getting around Bali is affordable, especially if you opt for local transportation options like motorbikes or public buses. Renting a scooter can cost around $50 to $100 per month, while fuel expenses are minimal.

Also read: [How Much Does It Cost to Live in Bali]

For more information about retiree in Indonesia, visit site www.baliinsightliving.com or contact on (62) 0812 46219970.