Indonesia To Launch Golden Visa Program
In a world where borders are fading away and global mobility becomes a key factor in modern life, countries around the world have recognised the potential of attracting foreign investors, entrepreneurs, and high net-worth individuals through their residency-by-investment programs, popularly known as the Golden Visa Program.
Foreign citizens who seek to get residency in Indonesia through the Golden Visa Programme will be able to do so as the program will go into force in one or two weeks.
The Golden Visa scheme allows wealthy foreign citizens to reside in Indonesia legally, provided they meet specific conditions, such as making a financial investment in the country and meeting the needed requirements.
Officials hope that the new visa category will help attract international talent to boost the Indonesian economy.
Indonesian Immigration director-general Silmy Karim noted that the Golden Visa policy would benefit the government because apart from the visa being highly selective, those looking to acquire the visa must invest a large amount into the country.
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How To Qualify For Indonesia’s Golden Visa
Companies wishing to obtain Indonesia's Golden Visa must make a real investment of at least US$50 million. For individuals, the investment value in government bonds must be at least $350,000.
Eligible applicants can get a multi-entry visa that is valid for five to 10 years. They can later conduct business and other activities in Indonesia.
According to reports, the policy would later target highly knowledgeable foreign citizens including researchers from some of the world's leading universities. The visa could also be given to artificial intelligence (AI) developers.
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