Indonesia Golden Visa vs Philippines Special Investor's Resident Visa (SIRV)
A factual side-by-side comparison of two residency programmes. All figures are drawn from the canonical program pages — follow either link in the table header for sources and the full profile.
Key Differences at a Glance
- ›Indonesia Golden Visa is faster: 2 months vs 3 months for Philippines Special Investor's Resident Visa (SIRV).
- ›Lower capital: Philippines Special Investor's Resident Visa (SIRV) (75,000 USD) vs 350,000 for Indonesia Golden Visa.
- ›Philippines Special Investor's Resident Visa (SIRV) uses territorial taxation; Indonesia Golden Visa taxes worldwide income.
Indonesia Golden Visa Indonesia · investment | Philippines Special Investor's Resident Visa (SIRV) Philippines · investment | |
|---|---|---|
| Country | Indonesia | Philippines |
| Category | Investment | Investment |
| Application Fee | $500 | $2,800 |
| Minimum Income | — | — |
| Minimum Investment | $350,000 | $75,000 |
| Processing Time | 2 months | 3 months |
| Family Included | Spouse and dependent children up to 18 years old may be included as dependants at no additional investment requirement | Spouse and unmarried dependent children under 21 may be included as dependants with no additional investment requirement |
| Path to PR | No | Yes — 0 years |
| Path to Citizenship | No | No |
| Physical Presence | No minimum annual stay requirement; visa is valid for multiple entries throughout the 5 or 10-year period | No minimum annual stay requirement; the SIRV is a permanent multiple-entry residency visa valid as long as the investment is maintained |
| Dual Citizenship | Not allowed | Allowed |
| Tax Impact | Staying more than 183 days per year triggers Indonesian tax residency on worldwide income; those spending less time may benefit from Indonesia's territorial-style treatment of non-resident income | SIRV holders residing 180+ days per year in the Philippines become Philippine tax residents liable for Philippine income tax on Philippine-source income. Dividends from Philippine investments are subject to a 10% final withholding tax. |
| Tax Residency Trigger | 183 days/yr | 180 days/yr |
| Worldwide Taxation | Yes | Territorial |
| Renewal Cost | $500 | $200 |
About Indonesia Golden Visa
Indonesia launched its Golden Visa programme in 2024 to attract high-net-worth individuals, investors, and global talent with 5 or 10-year stay permits granted in exchange for qualifying investments. Individual investors must place a minimum of $350,000 USD in Indonesian government bonds, stocks, or business ventures; company founders and directors face higher thresholds. The programme signals Indonesia's growing ambition to position Bali and other regions as world-class international lifestyle and business destinations.
Full Indonesia Golden Visa profile →About Philippines Special Investor's Resident Visa (SIRV)
The Philippines Special Investor's Resident Visa (SIRV) grants immediate permanent residency to foreign nationals who invest a minimum of $75,000 USD in eligible Philippine enterprises registered with the Board of Investments (BOI) or the Philippine Economic Zone Authority (PEZA). The visa is permanent and multiple-entry, requiring no annual renewal or minimum stay, and is suitable for investors seeking a Southeast Asian base with one of the region's lowest investment thresholds for immediate permanent residency. Unlike the SRRV, the SIRV is equity-based and ties the investor directly to productive economic activity in the Philippines.
Full Philippines Special Investor's Resident Visa (SIRV) profile →Gotchas to Watch For
Indonesia Golden Visa
- ⚠The USD 350,000 or USD 700,000 is placed in a Bank Indonesia instrument — it earns a modest return but is NOT freely accessible; confirm withdrawal/repatriation conditions before committing
- ⚠Indonesia does not permit dual citizenship for adults — Golden Visa does NOT confer citizenship rights but naturalisation requires renouncing prior citizenship
- ⚠BPJS Kesehatan enrollment is mandatory for KITAS holders — enroll promptly or face compliance issues
- ⚠The Golden Visa launched August 2023 and implementing regulations are still evolving — some aspects of the BI deposit process have changed since launch; verify current procedures with an Indonesian immigration lawyer
- ⚠Indonesia's tax system is complex; the 4-year territorial exemption under the Omnibus Law is valuable but requires formal election — consult an Indonesian tax lawyer before filing your first return
- ⚠KITAS/KITAP must be maintained via annual reporting to immigration — failing to report leads to overstay fines even if the Golden Visa is technically valid
- ⚠Foreigners cannot own Indonesian land (freehold); property investment for SIRV purposes is through leasehold or other structures — verify permitted investment types with BKPM
Philippines Special Investor's Resident Visa (SIRV)
- ⚠SIRV does not grant work rights — employment requires a separate Alien Employment Permit from DOLE
- ⚠Foreign land ownership is prohibited in the Philippines regardless of visa type — investment must be in PSE stocks, government securities, or qualifying condominiums (not land)
- ⚠Annual BI Report must be filed every January — missing this is a common mistake that leads to fines
- ⚠Investment value can fluctuate — if Philippine stock market falls and your holding drops below USD 75,000, you may need to top up to maintain SIRV
- ⚠Condominium investment: 40% foreign ownership cap per building — confirm unit is in a building below the cap before purchase
- ⚠BSP registration of inward remittance is crucial — without it, you cannot repatriate proceeds when you exit
Neutral reference — we don't recommend one programme over another. Programmes change: always verify each detail against the official source linked on the individual program pages.