Indonesia has announced the conditions of the "Golden Visa" program

What has happened?  Indonesian Immigration Director General Silmy Karim confirmed that the Golden Visa policy will be launched this July 2023. The new visa will be available to foreign companies and individuals who invest a certain amount in the country.

Quote. [We are] now waiting for the signage of the Foreign Affairs Minister, Coordinating Minister for Political, Legal and Security Affairs, and then the President. Hopefully, it will be completed this month. It’s just an administrative process,” Silmy said.

The Conditions. Companies wishing to obtain the visa must put in a real investment of at least US$50 million. Meanwhile, individuals are required to invest in government bonds at a minimum value of US$350,000.

Silmi also mentioned that the applicants will receive multiple-entry visas valid for 5-10 years. The Visa holders will be allowed to carry out business and other activities in Indonesia.

Source: Tempo.co

Photo by Afif Ramdhasuma on Unsplash

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