The new "Golden Visa" program in Indonesia aims to stimulate the economy by providing long-term residency possibilities for international investors. Attracting top-notch investors, the plan offers flexible investment pathways and unique arrangements for its future capital city.

In order to be eligible for a five-year golden visa, persons must either start a business with a minimum valuation of $2.5 million or directly invest $350,000 in bank deposits, public company stocks, or Indonesian government bonds. The investment requirements double to $5 million and $700,000, respectively, for a ten-year visa.

Requirements

1.Five-Year Visa: To qualify, individual investors must establish a company with a minimum worth of $2.5 million.

 2. Ten-Year Visa: This requires an investment of $5 million.

 3. Alternative Investment Route: Investors who prefer not to establish a company can secure a five-year visa by investing $350,000 or a ten-year visa with a $700,000 investment. These funds can be allocated to Indonesian government bonds, and public company stocks, or placed as deposits.

Companies looking to secure five-year visas for their directors and commissioners must invest a substantial $25 million. To extend this to a ten-year visa, the investment amount jumps to $50 million.

For Investors

Five-Year Visa: Companies must invest $25 million to secure visas for their directors and commissioners.

Ten-Year Visa: This requires a $50 million investment.

Additionally, investments in Indonesia’s new capital city, currently under construction in Borneo, have reduced requirements:

Five-Year Visa: Requires a $5 million investment.

Ten-Year Visa: Requires a $10 million investment.

Similar investment visa programs exist throughout the world, but a number of nations—including Singapore, Britain, and Canada—have lately ended them due to concerns about potential speculative exploitation and their lack of effectiveness in creating jobs.

President Joko Widodo, widely known as Jokowi, emphasized the strategic importance of the new visa scheme. “We’re launching the golden visa to make it easier for foreign nationals to invest and contribute to Indonesia,” he stated.

The initiative aims to attract “good quality travellers” who can significantly impact the nation’s economic landscape.

Indonesian President Joko Widodo, popularly known as Jokowi, has emphasized the government’s goal of attracting high-quality investors through the Golden Visa program. “We aim to facilitate foreign nationals in contributing to Indonesia’s growth,” Jokowi stated.

Initial results appear promising. Since the program’s pilot phase launched last year, nearly 300 individuals have been granted Golden Visas, injecting $123 million into the Indonesian economy.

The immigration agency in Indonesia is also looking into the potential of giving foreign nationals with Indonesian ancestry a special status.