In a bid to bolster its national economy, Indonesia is launching a “golden visa” scheme aimed at enticing foreign individual and corporate investors, according to a statement from the Ministry of Law and Human Rights. This initiative offers an extended residence permit lasting between five to ten years, with varying investment requirements.
For the five-year visa, individual investors must establish a company in Indonesia with a minimum investment of $2.5 million. On the other hand, the ten-year visa necessitates a more substantial investment of $5 million.
Corporate investors have their own set of requirements. They need to invest $25 million to obtain five-year visas for both directors and commissioners. To secure a decade-long visa, they must double their investment to $50 million.
However, the golden visa program isn’t limited to entrepreneurs looking to establish a business in Indonesia. Individual foreign investors who prefer not to create a company can participate by investing in Indonesian government bonds, with the required funds ranging from $350,000 to $700,000.
One notable advantage of the program is that once golden visa holders arrive in Indonesia, they no longer need to apply for additional permits, streamlining their stay in the Southeast Asian nation.
This move follows the footsteps of other countries such as the United States, Ireland, New Zealand, and Spain, which have introduced similar golden visa programs to attract foreign investment.
