Indonesia Long-Term Golden Visa to Attract Foreign Investors – Complete Guide

The goal of Indonesia’s new “Golden Visa” program is to stimulate the country’s economy by providing long-term residency possibilities for foreign investors. The idea aims to draw in top-notch investors with its flexible investment pathways and unique features for its new capital city.

A novel long-term visa program has been introduced by Indonesia to lure international investors and support the largest economy in Southeast Asia. Depending on their investment levels, investors can choose between a five-year or ten-year residency under the new “Golden Visa” plan.

Visa Options and Investment Requirements

1. For Individual Investors

To be eligible for a five-year golden visa, people 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.

• Five-Year Visa: Individual investors must form a firm with a minimum valuation of $2.5 million to be eligible.
• Ten-Year Visa: $5 million in investment is needed for this.
• Option 2: Alternative Investment Route: Those who would rather not start a business can invest $350,000 to obtain a five-year visa, or $700,000 to obtain a ten-year visa. These monies may be deposited or allocated to publicly traded equities and bonds issued by the Indonesian government.

2. For Corporate Investors

Businesses need to put in a significant $25 million if they want to get their directors and commissioners five-year visas. The investment threshold increases to $50 million to prolong this to a ten-year visa.

• Five-Year Visa: Organizations can obtain visas for their commissioners and directors by investing $25 million.
• Ten-Year Visa: A $50 million down payment is needed.

Furthermore, the criteria for investments in Indonesia’s new capital city, which is being built in Borneo, were decreased:

• The Five-Year Visa needs a $5 million down payment.
• Ten-Year Visa: Ten million dollars must be invested.

Comparative Evaluation and Worldwide Patterns

Similar investment visa programs exist throughout the world, but several 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.

Vision and Goals of the Government

President Joko Widodo also referred to as Jokowi, stressed the new visa program’s strategic significance. “The golden visa is being introduced to facilitate foreign nationals’ investment and contribution to Indonesia,” the speaker declared. The program hopes to draw in “good quality travelers” who have the potential to have a big impact on the country’s economy.

Indonesia’s Vision for the Future

President of Indonesia Joko Widodo also referred to as Jokowi, has highlighted the government’s objective of drawing in elite investors via the Golden Visa program. Jokowi said, “We want to make it easier for foreigners to contribute to Indonesia’s growth.”

The early results seem encouraging. Nearly 300 people have received Golden Visas since the program’s trial phase began last year, bringing $123 million into the Indonesian economy.

Expanding the Program

The immigration agency in Indonesia is also looking into the potential of giving foreign nationals with Indonesian ancestry a special status. These persons will be able to live, work, and travel freely in Indonesia thanks to this proposal, which is modeled after India’s Overseas Citizenship of India (OCI) scheme. It is anticipated that the new status will be unveiled as soon as October.

Conclusion

The “Golden Visa” program offered by Indonesia is a major step toward luring in foreign capital and promoting economic expansion. Indonesia seeks to present itself as a desirable destination for international investors and its expatriate community by providing long-term residency alternatives and investigating the potential for dual citizenship.