The KITAS Retirement Visa is needed by foreigners who come to Indonesia to retire and want to spend their time living in Indonesia. It has a longer duration than other KITAS and allows retirees to open a local bank account. The process is relatively simple and the requirements are fairly straightforward. Foreigners who violate the stopover rules will be subject to sanctions, with a maximum of 5 years in prison or a fine of IDR 500 million. Retiring on an exotic island surrounded by sun, sea and sand is a dream for many people, and Indonesia is one of the most attractive places to do so. To obtain a Retirement Visa, applicants must be at least 55 years old, have no plans to work in Indonesia, obtain valid life and health insurance, sign a lease agreement for 1 year, hire a maid or domestic helper, and provide proof of funds either by pension or deposit to a minimum value of $18,000 USD per year / $1500 USD per month. Benefits include the ability to enter and exit the country freely, lease land, and open a bank account