spicyayam wrote
This is going to replace the retirement visa right? I cannot imagine too many retirees wanting to have 2 billion rupiah kept in an Indonesian bank account.
Yes, this replaces the retirement visa. All current retirement visa holders would have to apply for the new scheme if their visas expire in the next 180 days, or transition to the scheme otherwise (in both cases, proof of funds is required). As currently written, the law is going to be a big problem for many retirees who cannot or don't want to lock Rp. 2 M in an Indonesian bank account. It's still not clear if an agent can front the Rp. 2 M, but one could imagine the fee for this if they can... It's possible, however, that the concern the new scheme is already causing could result in some modifications.
