(CTN News) – Recently, Indonesia revealed its “Golden Visa” programme, a calculated move meant to draw in affluent international investors and top talent from across the world.

This program provides a long-term visa programmeme that, based on the applicant’s satisfaction of the investment requirements, grants a residence permit for a period of five to 10 years.

Key Facts

Indonesia introduced a “golden visa” scheme that grants professionals and investors with in-demand capabilities a five- or ten-year stay in the nation.
Several investment alternatives are available to earn the golden visa, including a $2.5 million investment for a 5-year visa and a $5 million investment for a 10-year visa.
The initiative intends to draw in more high-caliber visitors who will make investments and contribute while they are there, as well as facilitate foreigners’ contributions and investments in Indonesia.
It is anticipated that the scheme would lessen the number of long-term residents who use their tourist visas to live in well-known locations like Bali but contribute nothing to the local economy—also known as digital nomads. [3]
To support its 5.2% GDP growth objective, Indonesia has set a target of bringing in $101.5 billion in both international and domestic direct investment by the year 2024.

To get a golden visa for Indonesia, you must:

Amount of Investment

Spend $2.5 million to get a five-year visa.
$5 million can get you a 10-year visa.
Alternatively, deposit $350,000 for a five-year visa or $700,000 for a ten-year visa into a state-owned bank.

Purchasing Real Estate

For a five-year visa, acquire an apartment worth at least $1 million and deposit $130,000 at a state-owned bank.

Business Investing

Companies that commit to investing $25 million for a 5-year stay or $50 million for a 10-year stay may acquire visas for directors and commissioners.

These specifications are meant to draw in reputable experts and investors who will boost the Indonesian economy.

The “Golden Visa” Programme of Indonesia: A New Chapter in Investment and Residency

Recently, Indonesia revealed its “Golden Visa” program, a calculated move meant to draw in affluent international investors and top talent from across the world. This program provides a long-term visa program that, based on the applicant’s satisfaction of the investment requirements, grants a residence permit for a period of five to 10 years.

The “Golden Visa” initiative is a component of Indonesia’s larger initiatives to promote job creation, economic development, and technology transfer. According to President Joko Widodo, it is intended to attract “good quality travelers” who may favorably impact the country’s economy and security. It is modelled after the “second home” visa program, which was introduced at the end of 2022.

Extended residence, family inclusion, repeated entrance permission, and the possibility of a return on investment are just a few advantages that investors might anticipate. The application process permits family members to be included, guaranteeing that wives and kids may also experience life in Indonesia.

An important step towards demonstrating Indonesia’s openness to foreign investment and its determination to attract talent and enterprise from across the world is the establishment of the “Golden Visa.” With the issuance of its first “Golden Visa” to a well-known IT sector figure, Indonesia is establishing itself as a center for innovation and economic growth.

There are requirements for the programme: individuals must invest at least $350,000 in government bonds, and businesses must spend a minimum of $50 million. The visa allows the bearer to conduct business and other activities inside Indonesia and is valid for a period of five to ten years.

Those with an interest in learning more about the “Golden Visa” program and how to apply for one may consult the official Indonesian government sites.

Source: Thailand-business-news