The Indonesian government has introduced the Golden Visa program to attract foreign investors.
The head of the immigration service, Silmi Karim, said that this type of visa will allow foreigners to live in the country for 5 to 10 years.
To obtain a 5-year residence permit, foreign investors wishing to establish a company must invest at least 2.5 million US dollars in it, and for a 10-year-old at least 5 million. If we are talking about corporate investors, then the investment amount is already 25 million for a 5-year visa and 50 million for a 10-year visa.
The second way to participate in the program, in addition to starting a business in Indonesia, is the purchase of government bonds or shares of public companies or the opening of a deposit in the amount of $ 350,000 for a residence permit for 5 years and 700,000 for a visa for 10 years.
Holders of the "golden visa" will be able to easily enter and leave Indonesia at any time. They will not need to apply for a temporary stay at the immigration office.
Silmi Karim said that Indonesia is learning from countries such as Denmark, the United Arab Emirates, as well as other countries offering golden visas: USA, Canada, Ireland, Germany, New Zealand, Italy, Spain.
It is worth noting that the threshold for participation in the program set by Indonesia is quite high compared to other states. Moreover, it does not provide for the most popular option in such schemes - real estate investment.
Read more about obtaining a residence permit and legalization in Indonesia was told in the material.
Source: The Cable
