Indonesia has launched a new policy called Indonesia’s Golden Visa to attract foreign investors. The government of Indonesia has aimed to attract corporate and individual investors to invest in Indonesia. With this aim, they have launched the Indonesia Golden visa program, which offers unique benefits to foreign investors.
Indonesia Golden Visa Program
Indonesia offers two term-based visa options—one for five years and another for ten years. If an individual investor wants to avail of the 5-year plan’s benefits, he needs to set up a business in Indonesia with an investment of 2,500,000 USD. For the 10-year visa benefits, he needs to start with an investment of 5,000,000 USD. The corporation needs to invest $25,000,000 to avail of the benefits of a 5-year visa plan and $ 50,000,000 to avail of the benefits of a Golden Visa for ten years.
The government of Indonesia has also launched a program for those who do not intend to start a business in Indonesia but want to avail the benefits of the Indonesia Golden Visa Program. In this program, one has to deposit $ 350,000 to avail of the 5-year benefits and $ 700,000 for the benefits of a 10-year stay. These funds can be used to purchase shares of publicly traded companies, Indonesian government bonds, or savings/deposits in Indonesia.
Benefits of the Indonesia Golden Visa Program
The Indonesian government is all set to launch this visa program within the next six months. The holders of the Indonesia golden visa will get numerous benefits, including simplicity in leaving and entering Indonesia, extended stay period, and effectiveness because an ITAS application at the immigration office is no longer necessary. Also, once this visa holder arrives in the country, they do not need to apply for an ITAS – temporary stay permit.