Activities listed on the current E28A page

The official E28A visa page says the holder may invest, carry out activities related to business, investment and company establishment, act as a director or commissioner in the company in which the person invested, and supervise the production of goods or services in that company. It also says the holder may bring eligible family members, subject to their own appropriate immigration status, and covers travel, tourism and education through the additional-activity mechanism.

That is a meaningful scope. It is still not the same as "an investor may do any work anywhere".

The permission is connected to:

  • the company in which the person invested;
  • the person's documented shareholding;
  • the company role and activities;
  • the limits printed on the stay permission;
  • the separate Manpower rules where they apply.

The IDR 10 billion condition

The current page asks for proof of at least IDR 10 billion in shares in the sponsoring company registered with the Ministry of Investment or BKPM. It then states that a director or commissioner holding less than that amount must apply for the work visa corresponding to the position.

This should be read as an immigration condition for E28A. It is not a shortcut around every corporate, investment or Manpower rule. A company agent should be able to show where the shareholding appears in the corporate documents and how it satisfies the current portal requirement.

Documents and timing

The official page currently lists one-year and two-year options. It requires a sponsor or guarantor and an eVisa application. The stated documents include:

  • passport valid for at least six months;
  • proof of at least USD 2,000 in living funds;
  • recent photograph, curriculum vitae (CV) and itinerary;
  • application letter;
  • company establishment approval;
  • proof of the qualifying shares;
  • two months of company current-account records.

For a company established less than two months earlier, the page says the company bank statement may be delivered to Immigration within 90 days after the temporary stay permit (ITAS) is issued. That specific accommodation should not be generalized to the other documents or to Manpower compliance.

Investor activity against employment

The practical question is not whether the person is "an investor" in ordinary language. It is what that person does each day.

ActivityE28A reading to test
Approve company strategy and investmentAligned with the investor purpose
Act as a documented director or commissioner in the invested companyExpressly listed, subject to the current conditions
Supervise production of the invested company's goods or servicesListed on the current coded page, but role and Manpower treatment still need checking
Work for another Indonesian companyNot covered by the investment in the sponsoring company
Take an unrelated operational jobNot automatically covered
Perform or invoice services outside the permitted activityNot covered by E28A. Do not do so unless a separately verified authorization covers it

Minister of Manpower Regulation 8/2021 contains defined exceptions from the foreign-worker plan approval (RPTKA) for certain shareholders serving as directors or commissioners. The criteria and duties performed matter. The IDR 10 billion E28A immigration threshold should not be marketed as proof that every shareholder-director is exempt from every Manpower obligation.

The E28A page also prohibits work outside the stay permission and restricts selling goods or services to what is necessary in the permitted activity.

The villa-owner problem

Villa investors often use one vague verb: "manage". In practice, that can mean very different things:

  • reviewing an owner report;
  • approving a budget;
  • directing Indonesian management;
  • supervising staff on site;
  • handling guest check-in;
  • selling accommodation or services;
  • carrying out maintenance or construction tasks.

The first two look like governance. The later examples become increasingly operational. The correct status cannot be chosen from the job title alone.

Company status does not settle the property

E28A does not decide whether the company may hold the relevant land right, whether a lease is enforceable, whether the location permits accommodation, whether the building has a building approval (PBG) and certificate of proper function (SLF), or whether the operator has the correct business licensing and tax registrations.

The visa follows a qualifying company and role. It does not validate the asset.

Questions to ask before paying an agent

  1. Which current visa code will appear in the application?
  2. Which company will be the sponsor?
  3. Where is the IDR 10 billion shareholding evidenced?
  4. Which exact activities are being described to Immigration?
  5. Does the role require a separate Manpower approval or rely on a defined exception?
  6. What must be completed after arrival, by which deadline?
  7. Can the application be checked in the official eVisa account?

What this changes for a property project

A credible villa investment separates ownership, board governance, project supervision and day-to-day hospitality operations. The organizational chart should show which responsibilities belong to the foreign investor and which belong to the licensed company, Indonesian management and independent professionals.

Scope: This is general information, not legal, immigration, tax or employment advice. Check the official page for your passport and activity before paying or travelling.

Government sources

Source dates: page updated on . Next source check planned for .

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