Retiring in Indonesia: Retirement KITAS, Second Home and Golden Visas Compared

Updated 7 August 2026 · Okusi Associates · All guides

Indonesia does not have one retirement visa. It has a family of them, filed under the “second home” (rumah kedua) heading, sitting alongside a separate family of investor Golden Visas — and much of what circulates online about them describes fee structures and thresholds that were repealed in December 2024. This guide sets out the routes as they stand under the current index system (Permenkumham 22/2023) and the current fee schedule (PP 45/2024), and answers the questions retired couples actually ask us.

One caution before any figure below: the visa fees are fixed by regulation, but the financial thresholds — deposits, income tests, investment minima — are published on the immigration directorate’s index pages rather than in a regulation, and can move without a new government regulation being issued. They have moved before. Okusi Associates confirms the figures current at the date of application before any client commits funds.

The map: E33 lansia, E33 second home, E28 investor

Three streams matter to a retiree:

Route	Index	Who it suits	Financial requirement	Duration	Work rights
Silver hair, 5 years	E33E	Retirees 55+, no sponsor available	USD 3,000/month income; commitment to hold USD 50,000 in a state-owned bank; USD 2,000 shown in statements	Up to 5 years, extendable	None
Silver hair, 1 year	E33F	Retirees with an Indonesian sponsor, or testing the water	USD 3,000/month income; USD 2,000 shown in statements; no USD 50,000 deposit	1 year, renewable	None
Second home (general)	E33	Younger applicants, or those preferring a property commitment	varies — confirm (see below)	Up to 5 years	None
Golden Visa, capital market	E28C	Wealthy retirees preferring bonds or shares to a bank deposit	USD 350,000 (5 yr) or USD 700,000 (10 yr) in government bonds, listed shares or bank deposits	5 or 10 years	Business and investment activity
Golden Visa, company founder	E28B	Investors establishing an Indonesian company	USD 2,500,000 (5 yr) or USD 5,000,000 (10 yr)	5 or 10 years	Business and investment activity
Investor KITAS	E28A	Active shareholders in a PMA company	Shares of at least Rp 10 billion in the sponsoring company	1 or 2 years	Director or commissioner of the invested company, without a separate work permit

A persistent confusion is worth killing at the outset: E33E and E33F are not different visas for different people. Both are the elderly (lansia) second-home visa. They differ in duration — E33E runs to five years, E33F to one — and in structure: E33E is self-guaranteed and needs no sponsor, whilst E33F requires a guarantor in Indonesia. Any agent telling you that one of the pair is “the retirement visa” and the other something else is working from a superseded index list.

The silver-hair visas in detail

E33E is the flagship. The published requirements: minimum age 55; proof of income or pension of at least USD 3,000 per month; a bank statement showing at least USD 2,000; and a statement of commitment to deposit at least USD 50,000 in a state-owned Indonesian bank, reported to immigration within 90 days of entry. The official all-in government cost is Rp 13,000,000, which decomposes exactly under PP 45/2024 into the visa (Rp 500,000), a Category II verification fee (Rp 2,000,000), a five-year stay permit (Rp 7,000,000) and a five-year re-entry permit (Rp 3,500,000). The e-ITAS and re-entry permit are granted automatically at the airport; there is no separate trip to an immigration office. Okusi Associates handles the E33E application as a packaged service.

E33F, the one-year version, drops the USD 50,000 deposit — the income test and USD 2,000 statement remain — but requires a guarantor and annual renewal. Its published total is Rp 7,500,000, a figure which, as it happens, does not decompose cleanly against the PP 45/2024 schedule; we quote it as published.

Per person or per couple? The official E33E wording requires funds deposited “in an account in his/her own name” — the requirement attaches to the applicant personally, and the income test is likewise expressed per applicant. Neither the index pages nor the regulation says anything about married couples. Two structures are possible in principle: each spouse holds an E33E in their own right, or one spouse holds the E33E and the other accompanies under the E31 family stream as the spouse of an ITAS holder (Rp 6,000,000 for one year, Rp 8,500,000 for two). Whether immigration will accept the dependant structure for a second-home principal, and therefore whether a couple genuinely needs one deposit or two, is exactly the sort of point on which practice shifts without announcement. We confirm the current position before an application is lodged, not after.

Can property or bonds replace the deposit?

For the E33E specifically: no. The published requirement is a state-owned-bank deposit, and no property or bond substitute appears on the current index page.

The wider second-home family has historically offered alternatives — earlier E33 material admitted a substantially larger deposit or the purchase of an apartment of around USD 1,000,000 in place of it — but those figures come from pages predating the December 2024 restructuring and should not be relied on without confirmation.

The clean answer for a retiree who would rather hold Indonesian government bonds than park cash is the E28C Golden Visa: USD 350,000 placed in government bonds, shares of listed companies or bank deposits buys a five-year permit; USD 700,000 buys ten. The immigration-guarantee mechanism behind it (Permenkumham 22/2023, Article 195) expressly contemplates government bonds. Which bond series qualifies at any given moment — clients ask about the INDOIS sukuk series in particular — is an operational detail the platform determines at application, and one we verify case by case. At seven times the E33E deposit, the E28C is not an economy measure; it is for retirees who want their qualifying money invested rather than idle.

After the first five years

The E33E is stated by immigration to be extendable, and PP 45/2024 prices a further permit period by duration in the ordinary way. What the published material does not yet set out is the mechanics: whether the extension is completed wholly onshore through the e-visa portal, as one-year indexes such as the E33G are, what documentation is re-examined, and the processing time. Anyone promising you a precise answer today is guessing. Our advice to clients approaching year five is to raise it with us around six months out, so the extension is planned against the rules then in force rather than the rules at first entry.

What may a retiree actually do?

The second-home indexes carry no work rights. Selling goods or services, or receiving compensation, wages or anything similar from an Indonesian person or company, is expressly prohibited. The sanction is not nominal: misusing a stay permit carries up to five years’ imprisonment and a fine of up to Rp 500,000,000 under the Immigration Law (UU 6/2011, Article 122), and the same penalty reaches whoever gave the opportunity.

Unpaid activity — volunteering at a local school, “sharing knowledge for free” — is the harder question, and the honest answer is that the regulation does not address it. The offence is framed around activities inconsistent with the purpose of the stay permit, not around payment alone, so the absence of a salary is not by itself a safe harbour. Informal social participation in one’s community is life, not work; a regular, organised role with an institution is something immigration may see differently, and formal voluntary placements in Indonesia are conventionally run through their own authorisation. Before committing to anything structured, ask. It is a five-minute conversation that avoids a five-year problem.

The economical route for an elderly couple

Take a couple aged 80 and 74 — both comfortably past the age floor. Their realistic options:

Two E33E visas: Rp 26,000,000 in government fees for five years, income of USD 3,000 per month per applicant, and USD 50,000 on deposit each. The deposit is not a fee; it remains the retiree’s money, in the retiree’s name.
Two E33F visas: Rp 15,000,000 per year in government fees, no USD 50,000 deposits, but a guarantor and an annual renewal cycle for both spouses. Over five years this costs more in fees and considerably more in administration.
One E33E plus a spouse dependant KITAS, if accepted: one deposit, one income test, with the spouse’s permit renewed on a one-year or two-year cycle.

For a couple intending to stay, the five-year E33E is the better instrument: one application each, no sponsor, no annual queue. The E33F earns its keep as a low-commitment first year for a couple still deciding. The dependant structure is worth pricing, and we will tell you frankly whether it is currently being accepted.

Jakarta, Bali or Batam?

The visa itself is national. Applications run through the central e-visa platform (evisa.imigrasi.go.id), not through a provincial office, so there is no “Bali retirement visa” as distinct from a Batam one — the index, requirements and fees are identical wherever you intend to live. What differs by location is everything after arrival: local reporting, banking, property and daily practicalities. Okusi Associates maintains offices in Jakarta, Batam and Bali, and supports retirement and second-home clients from all three.

Where Okusi fits

Okusi Associates has handled Indonesian immigration work since 1997, alongside the corporate practice that has established over 3,000 foreign-owned companies. For retirees we manage the E33E and E33F applications end to end; for those whose plans include investment, the Golden Visa - Business and Investment (E28B, E28C, E28D) Golden Visa service (US$ 2,065) and the Investor’s KITAS Complete investor KITAS cover the E28 routes. The thresholds in this guide are the published position at the time of writing; the first thing we do on any enquiry is confirm what they are today.