Indonesia Launches Golden Visa Program to Attract Foreign Investors

JAKARTA, Indonesia In a bid to stimulate its national economy, Indonesia has unveiled a groundbreaking golden visa program for Indonesia, offering an enticing opportunity for both foreign individuals and corporate investors to establish a long-term presence in the country.

Visa Duration and Investment Requirements

Under this innovative scheme, known as the 'golden visa,' the Indonesian government is granting residence permits with extended validity, ranging from five to ten years. According to the Director-General of Immigration, Silmy Karim, individual investors can obtain a five-year visa by setting up a company with a minimum investment of $2.5 million. For those seeking a decade-long visa, a more substantial $5 million investment is required.

Global Trend: Attracting Capital and Entrepreneurial Residents

Indonesia joins a growing list of countries, including the United States, Ireland, New Zealand, and Spain, that have introduced similar golden visa programs. These initiatives are designed to attract foreign capital and entrepreneurs who can contribute to the nation's economic development.

Corporate Investors: Higher Stakes, Longer Visas

For corporate investors, the stakes are higher. They must invest a minimum of $25 million to secure five-year visas for their directors and commissioners. To obtain the coveted ten-year visa, corporate investors need to double their investment, committing $50 million to Indonesia's economy.

Streamlined Process for Bond-Based Investments

In a bid to diversify investment options, Indonesia has also introduced provisions for individual foreign investors who prefer not to establish a company within the Southeast Asian nation. These investors can gain eligibility for the golden visa by holding Indonesian government bonds worth between $350,000 and $700,000. Once these investors arrive in Indonesia, the golden visa provides a significant advantage as they are no longer required to apply for additional permits, streamlining their entry and stay in the country.

With the introduction of the 'golden visa' program, Indonesia aims to attract foreign investment, stimulate economic growth, and position itself as an attractive destination for both individual and corporate investors seeking a prosperous and stable future in the Southeast Asian nation.

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Indonesia Launches Golden Visa Program to Attract Foreign Investors