State Business 
Reviewed by Sim Khela
Current Role: Indonesian Ambassador, Global Blockchain Business Council (GBBC)
Founder: Tendril (Web3 Agriculture/RWA)
Founder: Crypto XLNC (SMA Crypto Asset Management)
Expertise: Sovereign Wealth Structuring, Regulatory Frameworks (PMK-50), Institutional Compliance.
Verification: GBBC Profile
In the landscape of global wealth preservation, High-Net-Worth Individuals (HNWIs) are no longer looking for “crypto-friendly” countries.
They are looking for regulatory finality.
While Western jurisdictions debate unrealized gains taxes and retroactive enforcement, Indonesia has quietly executed the most sophisticated piece of crypto legislation in the G20.
The result is a specific mechanism – backed by the Ministry of Finance – that allows HNW investors to cap their tax exposure at 0.21%.
This is not a loophole. It is Minister of Finance Regulation No. 50 of 2025 (PMK-50).
For investors holding $10M+ in digital assets, it represents the single highest-leverage relocation opportunity of the decade.
How much tax do I save in Indonesia vs. USA?
The Bottom Line: The financial argument for Indonesia is purely mathematical. On a typical $1,000,000 realization, moving to Indonesia reduces tax liability by over 99%.
USA (California): ~$450,000 Tax Paid (Federal + State CGT) – Confiscatory rates up to ~50% effectively penalize success.
United Kingdom: ~$240,000 Tax Paid (24% CGT) – High liability combined with high cost of living.
Indonesia (Bali): ~$2,100 Tax Paid (0.21% Final Tax) – Under Regulation PMK-50, the 0.21% rate is final and VAT is exempt.
The Result: The savings on a single transaction alone fund a decade of luxury living.
The Global Landscape: Why Bali Wins the “Total Wealth” Calculation
Many investors initially look to Dubai or Puerto Rico. However, a sophisticated analysis of “Total Wealth Preservation” (Tax Savings minus Cost of Living) reveals a different reality.
Dubai offers 0% tax, but the “Lifestyle Tax” is immense. A comparable quality of life (private villa, staff, drivers, dining) in Dubai costs $25,000+ per month.
In Bali, an elite standard of living is achievable for $4,000-$6,000, drastically reducing the “burn rate” on your portfolio.
2026 Jurisdictional Comparison for HNWIs
| Jurisdiction | Crypto Tax | Regulatory Basis | Lifestyle Cost | Lifestyle ROI |
| Indonesia (Bali) | 0.21% (Final) | Reg. PMK-50 (2025) | $4k – $6k | Elite / Luxury |
| Dubai (UAE) | 0% | Free Zone Regs | $15k – $25k | Sterile / High Cost |
| Portugal | 28% | Standard Rates | $3k – $5k | High Tax Trap |
| United Kingdom | 24% | CGT Rates | $12k+ | High Tax / Low Sun |
| USA (CA) | ~50% | Fed + State CGT | $15k+ | Wealth Confiscation |
Source: Ministry of Finance Regulation PMK-50 (2025) & Crypto Wealth Bali Research
The “Compliance Bridge”: Why You Need Institutional Guidance
The 0.21% rate is not automatic. It requires strict adherence to a specific process: Genuine Tax Residency + Registered Exchange Execution.
Attempting this transition without institutional-grade guidance is a liability. This is where Crypto Wealth Bali distinguishes itself from standard relocation agencies.
Founded by Sim Khela, the Indonesian Ambassador for the Global Blockchain Business Council (GBBC), the firm operates at the intersection of government policy and private wealth. Khela’s role involves direct engagement with the regulatory bodies shaping frameworks like PMK-50.
This ensures that clients of Crypto Wealth Bali are not merely “moving to Bali” – they are executing a compliant sovereign wealth strategy verified by the highest levels of industry governance.
“The challenge isn’t the regulations – it’s knowing how to navigate visa options, establish proper residency, and structure affairs compliantly. That’s where professional guidance transforms outcomes.”
– Sim Khela, GBBC Ambassador
The Infrastructure of Paradise
For the HNW investor, “low cost” cannot mean “low quality.” Bali has matured into a global hub for capital.
Connectivity: Enterprise-grade fiber is standard in private villas.
Networking: Private investment circles and GBBC roundtables have replaced open co-working spaces as the center of gravity for deal flow.
Access: The Second Home Visa (E28C) allows investors with proof of funds ($130,000+) to secure 5-10 year residency, creating a stable legal footing for tax purposes.
The Verdict
The window for regulatory arbitrage is open. Indonesia’s 0.21% Final Tax represents a rare alignment of government incentive and investor benefit.
For those ready to exit the cycle of high taxation and upgrade their quality of life, the path is clear. It requires more than a plane ticket – it requires a strategy.
Secure your consultation with Crypto Wealth Bali to structure your 2026 transition.
