Indonesia’s new golden visa will attract top talent, boost sluggish property market

[JAKARTA] Indonesia’s new golden visa scheme will go a long way to attract the top foreign talent, as well as give a boost to the country’s sluggish real estate market, said analysts.

Earlier this week, OpenAI chief executive Sam Altman became the first person to receive this visa, which carries numerous perks such as priority security screening at airports, longer stay periods, and entering and leaving the country more easily.

Indonesia launched the golden visa last week in a bid to stimulate economic development. Individuals must establish an Indonesian company worth at least US$2.5 million to receive a five-year visa, or double that amount for a 10-year visa.