What has happened? The Indonesian government has introduced a golden visa policy to attract eligible foreign corporate and individual investors.
Details. Silmy Karim, the country’s director-general of immigration, said that the visas will be issued to foreigners as a basis for a stay permit of five to ten years.
Quote. “Because we are targeting quality investors, the requirements are more thorough,” Karim said.
“The longer you stay in Indonesia, the higher the deposit amount required, especially for foreign investment.”
Advantages. In addition to extending the length of stay, golden visa holders will also be able to easily leave and enter Indonesia, and will no longer need to apply for a temporary residence permit (ITAS) at the immigration office.
Quote. “Countries that have implemented the golden visa policy are getting a positive impact. Denmark, for example, has succeeded in becoming one of the countries at the forefront of innovation. Then, the United Arab Emirates became a favorite destination for foreign investors,” Karim said.
“Hopefully, with this policy, Indonesia will also receive a similar effect. Moreover, our country has a myriad of potentials to be fully managed and developed.”
Source: The Cable
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