Indonesia wants to attract foreign investors by offering so-called golden visas. Depending on the amount invested, lenders can stay in the country for a certain period of several years.
Through this measure, Indonesia wants to stimulate the economy in the country. Buying shares of Indonesian companies or government bonds is an investment, as is depositing into a savings or deposit account in the country. The higher the amount, the longer the allowed stay. For example, a person who invests $350,000 is eligible for a five-year residency. $700,000, or ten years.
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Golden visa holders are expected to enjoy exclusive benefits. They no longer have to apply for a temporary residence permit. Last year, Indonesia introduced a “second home visa” for wealthy tourists who have at least IDR 2 billion in their bank accounts. This is about 121,000 euros.
Indonesia is not the first country to issue golden visas. The United States, Ireland, New Zealand and Spain have introduced similar visas to attract foreign capital and high-net-worth residents.
