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Real estate news in Indonesia

Indonesia introduces 5-year Multiple Entry Visa

silmy karim director of the Indonesian immigration

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The Directorate General of Immigration of Indonesia has recently introduced a groundbreaking 5-year Multiple Entry Visa policy, marking a significant shift in the nation’s approach to international tourism and business. With the introduction of D1 and D2 index visas, the policy aims to streamline the entry of foreign nationals into Indonesia for both tourism (D1) and business (D2) purposes. This new visa regime allows stays of up to 60 days per visit, catering to the needs of high-mobility travelers.

Implications for Bali’s tourism and long-term property demand

This policy is particularly impactful for Bali, Indonesia’s premier tourist destination. The new visa is expected to significantly boost tourism in Bali, as it allows international visitors, especially those from countries with a strong tradition of extended holidays, to stay longer and explore the island more thoroughly. This extended stay capability will likely increase the demand for long-term accommodation, ranging from luxury villas to budget-friendly apartments.

For tourists and business travelers, the convenience of a 5-year Multiple Entry Visa means more flexibility in planning extended or repeated visits to Bali. This could lead to a shift in travel patterns, with a potential increase in the number of digital nomads, long-stay tourists, and business travelers looking for longer-term rental options rather than short-term hotel stays.

New visa offers opportunities for property owners in Bali

This new 5-year visa opens up many opportunities for current property owners in Bali. The anticipated increase in long-stay visitors could lead to a higher demand for rental properties, providing a steady income stream for owners of residential properties. This is particularly advantageous for those who own properties in popular areas like Canggu, Seminyak, Ubud, Sanur, and Uluwatu, where tourists and business travelers often seek comfortable and well-located accommodations.

Property owners can capitalize on this opportunity by tailoring their offerings to meet the needs of long-stay visitors, such as providing fully furnished homes with amenities suitable for remote work and extended stays. Additionally, the digitalization of the visa application process aligns with the growing trend of online property bookings, making it easier for property owners to connect with potential tenants worldwide.

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Written by Matt Timmermans

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