JAKARTA – In a strategic move to attract international investors, the Indonesian government has unveiled its ambitious plans to attract a minimum of 1, 000 investors through its newly introduced ‘Golden Visa’ program.
According to Immigration Director-General Silmy Karim, the government is currently in the process of formulating supporting regulations to implement this groundbreaking policy.
Expressing significant interest, numerous investors are already considering applying for the golden visa, which promises unique benefits to those willing to invest in the Indonesian economy.
Under the Golden Visa program, investors can secure residency in Indonesia for a duration of 5 to 10 years, contingent on the size of their investment in the country. Individual investors looking to establish a company with a minimum investment of $2.5 million are eligible for a five-year stay. This period is extended to ten years if the investment surpasses $5 million.
For corporate investments reaching $25 million, directors and commissioners can obtain a five-year stay permit. Doubling the investment amount secures an extended ten-year stay permit.
Additionally, individual investors contributing between $350,000 and $700,000 to a local firm can benefit from the golden visa privilege, earning them a stay permit ranging from five to ten years.
This innovative program positions Indonesia as an attractive destination for global investors seeking not only economic opportunities but also the prospect of long-term residency in this dynamic Southeast Asian nation.
It is to be noted that the passport of Indonesia is not that strong but is ranked 66t as per the Henley Passport Index 2024. The visa-free destinations available to its citizens are 78 but the country is preferred by international tourists due to its pristine beaches and relatively economical rates.
Indonesia is a diverse archipelago in Southeast Asia and boasts a population exceeding 270 million. Its economy, driven by agriculture, manufacturing, and services, is the largest in the region. Rich in natural resources, Indonesia’s strategic location fuels its economic growth, making it a vital player in the global market.