Indonesia’s Golden Visa Programme

August 16, 2023

Indonesia is preparing to introduce its own Golden Visa program by the end of 2023, aiming to revise its immigration policy to attract foreign investment and international entrepreneurial talent. The Indonesian Minister for Tourism and Creative Economies, Sandiaga Uno, announced the forthcoming launch of the Golden Visa during a press conference.

The program aims to incentivize foreign tourists to invest in the country and extend their stays. Initially expected by June 2023, the program now aims for a launch before the end of the third quarter. This move follows Indonesia’s introduction of a “second home visa” for five and ten years, targeting individuals with significant financial holdings. The country is joining other nations, like Costa Rica and Mexico, in using long-term stay visas to attract professionals and wealthy individuals.

What is the main objective of Indonesia’s Golden Visa program?

Indonesia’s Golden Visa program aims to enhance foreign investment and attract international entrepreneurial and business talent by offering an attractive residency-by-investment option.

How does the Golden Visa program encourage foreign tourists to invest in Indonesia?

The Golden Visa program offers an attractive proposition for foreign tourists to invest and extend their stays in Indonesia, contributing positively to the country’s economy.

What was the initial target launch date for the Golden Visa program?

Initially, the Golden Visa program was expected to be available by June 2023, but now the aim is to launch it before the end of the third quarter.

What other visa initiatives has Indonesia introduced in recent times to attract foreigners?

Indonesia introduced a “second home visa” for five and ten years, targeting individuals with at least 2 billion rupiah ($130,000) in their bank accounts, providing an economic incentive for foreigners to contribute to the country’s economy.

How does Indonesia’s Golden Visa program compare to initiatives in other countries?

Indonesia follows the example of countries like Costa Rica and Mexico that offer long-term stay visas to attract professionals, retirees, and wealthy individuals, showcasing a trend towards economic and talent attraction.

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