World

What Is This Indonesian Golden Visa? Know How To Get It

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.

Also Read: Over 1 Lakh People Evacuated As Typhoon Haikui Sweeps Across China’s Fujian Province

Also Read: Hong Kong Records Its Warmest Summer Ever

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.

Srishti Verma

Recent Posts

Rouse Avenue Court To Hear AAP MLA Naresh Balyan’s Bail Plea In MCOCA Case On January 4

Delhi Police arrested Balyan under MCOCA on December 4, the same day he received bail…

3 mins ago

Khalistani Terrorist Annihilated In Piliphit Encouter: Punjab DGP

Punjab DGP Gaurav Yadav confirmed on Monday that those annihilated were operatives of Khalistan Zindabad…

59 mins ago

BJP Releases ‘Aarop Patra’ Against Kejriwal Government; Accuses AAP Of Corruption & Mismanagement

The Bharatiya Janata Party (BJP) released an 'Aarop Patra' against Aam Aadmi Party (AAP) Chief…

60 mins ago

Delhi High Court Issues Notice To Saket Gokhale In Defamation Case Filed By Lakshmi Puri

Delhi High Court has issued a notice to Trinamool Congress Rajya Sabha MP Saket Gokhale…

1 hour ago

Three Shot Dead In Morni Hills; Police Suspect Rivalry Behind Panchkula Triple Murder

A chilling triple murder unfolded in Morni Hills of Panchkula, three Delhi residents, including a…

1 hour ago

ED Registers Money Laundering Case In 52 kg Gold Seizure Incident

ED officially entered the investigation into the high-profile case involving the seizure of 52 kilograms…

2 hours ago