What Is Indonesian Golden Visa?
The Indonesian government has now formally started the Indonesia Golden Visa program. The Indonesian government has created a Golden Visa scheme for both corporate and individual investors in an effort to attract global capital. The goal of golden visas, which are given to foreigners as a basis for a permission to stay for five to 10 years, is to strengthen the nation’s economy.
Here’s what you have to do to get ‘Golden Visa’
In order to create a business in Indonesia and qualify for a 5-year residency visa as an individual investor seeking an Indonesia Gold Visa, one must invest US$ 2,500,000 (or Rp. 38 billion). A 10-year stay permit, however, costs US$ 5,000,000. That’s nearly Rp 76 billion.
If a corporation invests US$25,000,000, or around Rp380 billion, in the creation of a company in Indonesia, the directors and commissioners of that corporation will be given the visa with a 5-year stay. In exchange for a US$ 50,000,000 investment in the Indonesia Golden Visa, the government will grant them a 10-year stay visa.
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You have another option as well
Another choice is to get an Indonesia Premium Visa without launching a business. There are distinct restrictions for foreign investors who do not plan to start a business in Indonesia. For a 5-year Golden Visa stay visa, applicants must deposit US$ 350,000 (about Rp 5.3 billion), and for a 10-year Golden Visa stay permit, US$ 700,000 (about Rp 10.6 billion). These money may be invested in Indonesian savings/deposits, shares of publicly traded firms, or government bonds.
All about this exclusive Visa
The government intends to finalize the Golden Visa policy within six months after evaluating, developing, and updating any necessary supporting rules. The prolonged stay length, ease of departing and entering Indonesia, and effectiveness due to the removal of the need for an ITAS application at the immigration office are some of the specific benefits granted to Indonesia Golden Visa holders. Holders of an Indonesia Golden Visa no longer need to apply for a temporary stay permit (ITAS) at the immigration office once they have arrived in Indonesia.
