Indonesia’s Golden Visa Scheme: In a strategic move aimed at attracting foreign individuals and corporate investors, Indonesia has unveiled its golden visa scheme. This initiative has been introduced with the goal of stimulating the country’s national economy, as stated by the Ministry of Law and Human Rights.
The Indonesia’s Golden Visa Details
The golden visa offers an extended residence permit ranging from five to ten years, making it an appealing prospect for those seeking to establish a long-term presence in Indonesia. According to Silmy Karim, the Director-General of Immigration, the eligibility criteria for this visa vary based on the investment made:
- For a five-year visa, individuals are required to establish a company in Indonesia with a minimum worth of $2.5 million.
- To secure a ten-year visa, a more substantial investment of $5 million is necessary.
Corporate investors looking to obtain golden visas for directors and commissioners must make even larger investments:
- A $25 million investment grants five-year visas.
- A $50 million investment qualifies for the coveted ten-year visa.
Alternatively, individuals can acquire the golden visa without making a direct investment by purchasing Indonesian government bonds, which range from $350,000 to $700,000.
Streamlined Residency Process
Once granted the golden visa and upon arrival in Indonesia, holders will no longer be required to apply for additional permits, simplifying the process of residing in the country.
This strategic move aligns Indonesia with other nations such as the United States, Ireland, New Zealand, and Spain, which have similar golden visa programs aimed at attracting foreign capital and fostering entrepreneurial residency.
Indonesia’s golden visa scheme not only promotes foreign investment but also positions the country as an attractive destination for those seeking long-term residency in Southeast Asia.
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