Indonesia offers 'golden visa' to entice foreign investors
economictimes.indiatimes.comIndonesia has introduced a golden visa scheme. It has taken this step to boost its national economy, a statement from the ministry of law and human rights said.
«The golden visa is granting a residence permit for an extended period of five to 10 years,» director general of immigration, Silmy Karim said in the statement.
To be eligible for the five-year visa, an individual needs to set up a company worth $2.5 million. If you want a 10-year visa, an investment of $5 million would be required.
Corporate investors are required to invest $25 million to get five-year visas for directors and commissioners. They need to invest double, or $50 million, to gain a 10 year visa.
If you do not want to invest and still be eligible for the golden visa, you can purchase the Indonesian government bond ranging from $350,000 to $700,000.
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«Once they arrive in Indonesia, golden visa holders no longer need to apply for permit,» Silmy Karim said.
Other countries that issue the golden visa include the U.S., Ireland, New Zealand and Spain. They all have similar golden visas for investors, seeking to attract capital and entrepreneurial residents.
