The government of Indonesia has launched a new golden visa scheme to attract foreigner investors.
Indonesia has rolled out a golden via policy for corporate and individual investors, according to a government announcement.
Individual investors must establish a company and invest a minimum of $2.5 million for a five-year residence permit and $5 million for a 10-year permit. Directors and commissioners of corporate investors can obtain a 5-year and 10-year permit by establishing a company with a minimum investment of $25 million and $50 million, respectively.
For foreign investors who do not intend to establish a company in the country, they are required to place funds of $350,000 for a 5-year permit and $700,000 for a 10-year permit. The funds can be used to buy government bonds, public company shares or placed in deposits in Indonesia.
Exclusive Benefits
Holders of the golden visa will enjoy «exclusive benefits», including prolonged stay duration, ease of leaving and entering Indonesia, and the eliminated need to apply for a temporary stay permit.
«Golden Visas are visas granted to foreigners as a basis for a stay permit for five to 10 years to support the national economy,» said director general of immigration Silmy Karim.
