E28F โ€“ Corporate Investor (BOD/BOC Establishing Branches or Subsidiaries in Nusantara Capital City)

The E28F visa is a Limited Stay Visa (VITAS) specifically designed for members of the Board of Directors (BOD) or Board of Commissioners (BOC) of foreign corporations that establish branches or subsidiaries in Indonesiaโ€™s new capital city, Nusantara (NCC). This visa grants residency rights for corporate leaders overseeing strategic investments in NCC.


๐ŸŽฏ Purpose

  • To attract corporate investment into Nusantara Capital City (NCC) as part of Indonesiaโ€™s national strategic development.

  • To facilitate the relocation and expansion of foreign corporations into the new capital.

  • To ensure corporate leaders (BOD/BOC) can directly oversee and manage the establishment of subsidiaries or branches in NCC.

Kategori:

๐Ÿ“Œ Key Features

  • Validity: Typically issued for 1โ€“2 years, renewable based on investment and corporate operations in NCC.

  • Sponsorship: Sponsored by the foreign-owned subsidiary or branch registered in Nusantara.

  • Residency Rights: Comes with a Limited Stay Permit (ITAS) for BOD/BOC members to legally reside in Indonesia.

  • Work Rights: Allows the visa holder to exercise corporate governance functions (as BOD or BOC), but not as regular employees.

  • Investment Requirement: Must comply with BKPM / Nusantara Capital Authority (OIKN) regulations on foreign direct investment and capital requirements.

  • KITAP Pathway: Holders may become eligible for a Permanent Stay Permit (KITAP) after several years of continuous corporate presence and investment in NCC.


๐Ÿ‘ค Who Can Apply

  • Members of the Board of Directors (Direksi) of a foreign company establishing a branch or subsidiary in Nusantara.

  • Members of the Board of Commissioners (Komisaris) appointed to oversee corporate governance in NCC.

  • Senior corporate executives with direct responsibility for the expansion into Indonesiaโ€™s new capital city.


โš ๏ธ Important Notes

  • The visa is tied to the existence and operations of the subsidiary/branch in Nusantara. If the entity ceases operations, the visa is invalidated.

  • Corporate investors must comply with OIKN regulations, BKPM/OSS licensing, and annual reporting obligations.

  • This visa does not allow employment activities outside the scope of corporate governance.

  • Dependents (spouse and children) may apply for a Dependent ITAS under the main visa holderโ€™s sponsorship.