Indonesia targets 1,000 investors via ‘golden visa’ programme
The Indonesian government has set a target of attracting at least 1,000 investors through the “golden visa” programme, part of an effort to attract high-quality talent and capital flows into this Southeast Asian country.
Jakarta (VNA) - The Indonesian governmenthas set a target of attracting at least 1,000 investors through the “golden visa” programme, part of an effort t👍oattract high-quality talent and capital flows into this Southeast Asiancountry.
Immigration Director-General Silmy Karim said that his office isin the process of formulating supporting regulations to implement the goldenvisa policy, and many investors have expressed interests in applying for thistype of visa. The golden visa programme allows investors to stay in Indonesiafor 5-10 years, depending on the amount of their investment in the country.
Individual investors planning to establish a company inIndonesia with an investment of at least 2.5 million USD are eligible for afive-year stay. This stay period is extended to ten years if the investmentexceeds 5 million USD.
Forcorporate investments of 25 million USD, directors and commissioners areentitled to a five-yeꦡar stay per🃏mit, while doubling the investment amount willsecure a ten-year stay permit.
Thegolden visa privilege also applies to individual investors who contribute between 350,000USD and 700,000 USD to a local firm, earning them a stay permit ranging from five to ten years Previously,at a press conference in Jakarta in May 2023, Tourism andCreative Economy Minister Sandiaga Uno said the above-mentioned visa policy aims to attract more talents in the field of digitalisation, health, research and technology. Heaffirmed that the policy will make Indonesia a centre for sustainable economic development in the region./.
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