Second home visa - guarantor letter

pantaiema

I am looking at applying for the second home visa. The application form is now on the same site as the E-VOA. You need to provide the name of a guarantor and a letter. I am unable to find a template for this and there is also conflicting information on government sites saying a guarantor is not required because of the money held in Indonesian bank. Any advice or could immigration likely provide clarity?

Did you check the recent requirement for the second home visa E33? It seems to me the E33 second home visa does not require a guarantor. Document Requirement Valid Nationality Passport at least 6 (six) months. Proof of living expenses of at least US$ 2,000 (two thousand US Dollars) or equivalent. Latest colour photograph. Statement of commitment that must be accomplished within 90 days after the date of arrival, such as: Deposit funds in an account under the name of the Foreigner at a state-owned bank with a value of US$ 130,000 (one hundred thirty thousand US Dollars), or Purchase property in Indonesia such as an apartment/flat house with a value of US$1,000,000 (one million US Dollars). Your deposit at a state-owned bank, valued at US$ 130,000, already indicates that you will be able to live in Indonesia without the need to work. A personal guarantor is typically only required for repatriation, family reunions, or company sponsorship. Example, the E32C (Ex-Indonesian Citizen) - 2 YEARS category. However, just in case you need it, the example of guarantor letter is available in this link. https://kemlu.go.id/download/L1NoYXJlZCUyMERvY3VtZW50cy9HdWFyYW50ZWUlMjBMZXR0ZXIucGRm This information available comes from the Indonesian Foreign Ministry domain, which oversees the embassies and consulates of Indonesia worldwide, ensuring its accuracy. Nevertheless, there is no harm in reaching out to the Indonesian embassies or consulates for clarification.

pantaiema

Metter wrote They are all out of my price range except the Second home bank deposit. The 60+ silver hair 5 year E33E sounds perfect but that's 4 years away and will have changed many times by then. The property option for a house or flat at $1,000,000 USD is unbelievable. The bonds purchase $350k USD is interesting as there are some good government bonds [B]but many can't be purchased by non-Indoesian's[/B]

Are you talking about E28C (PURCHASE Indonesian BONDS or STOCKS) USD 350.000 - 5 YEARS. These are the financial requirements: Purchase of Indonesian Government bonds [B]worth USD 350.000 (three hundred fifty thousands US Dollars) for stay period up to 5 years [/B]or Purchase of shares or mutual funds in public companies in Indonesia [B]worth USD 350.000 (three hundred fifty thousands US Dollars) [/B] So, It does not need to be bonds, it could be mutual funds. In Indonesia the mutual is called "Reksa Dana". The popular mutual funds is the one that track the IHSG (Indonesia Stock Exchange Composite Index). This is quite similar to S&P 500, or FTSE100 but from Indonesian perspective. Historically it will provide return above the inflation, so highly unlikely you will loose your money to inflation.

pantaiema

[B]SECOND HOME VISA APPLICANT DOES NOT NEED A GUARANTOR[/B] Just want to add, individuals applying for the Second Home Visa in Indonesia do not require a Guarantor, as explicitly stated in the regulations administered by the Ministry of Law and Human Rights. The exemption from needing a guarantor for the second home visa is outlined in Regulation Permenkumham_No_36_2021, specifically in Article 2, paragraph 3, letter c "[I](3) Kewajiban memiliki Penjamin sebagaimana dimaksud pada ayat (1)[B] dikecualikan bagi[/B]: a. Orang Asing pemegang Izin Tinggal kunjungan yang berasal dari bebas Visa kunjungan, Visa kunjungan saat kedatangan, atau Visa kunjungan dalam rangka wisata; b. Orang Asing dalam rangka penanaman modal; dan c. Orang Asing dalam rangka prainvestasi atau [B]rumah kedua dengan jaminan Keimigrasian[/B][/I]." (3) The obligation to have a Guarantor as intended in paragraph (1) [B]is excluded [/B]for: a. Foreigners holding a Stay Permit for visits originating from a free visit visa, a visit visa on arrival, or a visit visa for tourism purposes; b. Foreigners for investment purposes; and c. Foreigners for pre-investment or [B]second home[/B] with Immigration guarantee. Additionally, it is excessive for the some immigration officers to still demand for a guarantor since people have placed US$ 130,000 in a state-owned bank, effectively serving as a guarantee of their abilities to sustain themselves throughout their ITAS tenure in Indonesia without the need of seeking employment. Also I have not heard of second home visa programs in developed nations that mandate applicants to have a guarantor. It's important to distinguish between a financial guarantor and a personal reference letter indicating good conduct. The Indonesian government doesn't stand to lose much from people immigrating to Indonesia because it doesn't offer benefits to its citizens. In Indonesia, individuals are expected to support themselves or rely on their families and relatives tro survive. In contrast, developed countries like those in Europe have robust benefit systems where taxpayers cover basic living expenses, including food, healthcare, accommodation, and education. Some individuals receive these benefits without contributing to the system.

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