The President of the Republic of Indonesia, Joko Widodo, officially launched the Golden Visa on Thursday (25/07). The Golden Visa is an immigration product that enables foreigners to enter, leave or reside in Indonesia for 5-10 years.
Indonesia goals to grow to be a destination for global talent, creating a major multiplier effect. This includes capital gains, technology transfer, employment opportunities and improving the standard of human resources. Therefore, the introduction of the Golden Visa goals to make it easier and more convenient for foreigners who want to speculate in Indonesia.
According to the official website TPI SAMPIT Immigration Office Class IIThe Golden Visa relies on the Regulation of the Minister of Law and Human Rights No. 22 of 2023 on visas and residence permits and the Regulation of the Minister of Finance No. 82 of 2023, adopted on August 30, 2023, which constitute the premise for the establishment of the Golden Visa policy.
The Golden Visa is an immigration product that helps foreigners enter and leave Indonesia more easily, faster and efficiently, lasting from 5 to 10 years. Foreigners with this Golden Visa will have the opportunity to enjoy quite a few advantages and facilities not available to bizarre visa holders.
To quote the official website Ministry of Tourism and Creative Economy of the Republic of IndonesiaOther advantages include simplified and faster visa and immigration application procedures, multiple entries to the country, the correct to own property within the country, prolonged periods of residence and a fast-track citizenship application process.
To obtain a Golden Visa from the Indonesian government, foreigners must meet certain qualifications. Requirements vary depending on the applicant.
According to the official website Yogyakarta Immigration Officethere are different requirements for every form of applicant. Individual foreign investors desiring to arrange a business in Indonesia must invest no less than USD 2,500,000. Meanwhile, foreigners who want to secure a 10-year stay must invest no less than USD 5,000,000.
For corporations wishing to establish a business in Indonesia and apply for a 5-year visa, an investment of USD 25,000,000 is required. For corporations wishing to acquire a 10-year visa, an investment of USD 50,000,000 is required.
The aim of the Golden Visa program is to supply a simple experience for foreigners who want to speculate and work in Indonesia. However, the Golden Visa is just for high-quality travelers, requiring a selective process to be sure that only well-vetted foreigners receive the Golden Visa, stopping ineligible individuals from obtaining it.
