Come and Stay in Indonesia : Introducing Golden Visa.

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(Courtesy of YouTube)

President Joko Widodo (Jokowi) officially launched the Golden Visa.A Golden Visa is a grant of permission to foreigners to stay in Indonesia for a period of 5 to 10 years. This golden visa targets foreigners who are considered to be able to provide benefits to the Indonesian economy.

President Joko Widodo (Jokowi) also officially launched the golden visa on Thursday (25/7). Jokowi said the Indonesian government wanted to make it easier for foreign citizens to invest and work in Indonesia.

Director General of Immigration at the Ministry of Law and Human Rights, Silmy Karim, revealed that there are already 300 foreign nationals who have golden visas from Indonesia. Of this amount, the investment value reached IDR 2 trillion.

The Golden Visa targets foreigners who can support the Indonesian economy, one of which is investors, both corporate and individual.

Golden visa holders can enjoy a number of exclusive benefits from this type of visa. These advantages include a longer stay period, ease of leaving and entering Indonesia, as well as efficiency because there is no longer a need to apply for an ITAS at the immigration office.

To be able to stay in Indonesia for five years via a golden visa, the government sets two investment value requirements, namely:

1. Individual foreigners or corporate investors who want to set up a company in Indonesia are required to invest US$ 2.5 million or around IDR 38 billion.

2. Individual foreigners who do not intend to set up a company in Indonesia are required to place funds worth US$350 thousand or around IDR 5.3 billion which can be used to buy government bonds, public company shares or place savings or deposits.

Source : https://www.cnnindonesia.com

Economic System

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