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Indonesia launches ‘Golden Visa’ to attract wealthy foreign investors
Some 300 have been granted since the country began testing the permits last year
Published Thu, Jul 25, 2024 · 02:21 PM
[JAKARTA] Indonesia has officially launched a long-term visa scheme aimed at attracting foreign investors on Thursday (Jul 25).
Under this programme, foreign investors with investments of up to US$10 million will receive a 10-year visa to facilitate access to South-east Asia’s largest economy.
The five-year “Golden Visa” requires individual investors to set up a company worth US$2.5 million, while a 10-year visa needs a US$5 million investment.
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