Golden visa
Golden visa

Golden visa : Similar golden visas for investors have been established by the U.S., Ireland, New Zealand, and Spain in an effort to draw cash and enterprising residents.
In an effort to strengthen its national economy, Indonesia is implementing a golden visa program to entice individual and corporate investors from abroad, according to a statement released on Sunday by the ministry of law and human rights.

Director General of Immigration Silmy Karim stated in the statement that “the golden visa is granting a residence permit for an extended period of five to ten years.”

Individual investors must establish a firm worth $2.5 million for the five-year visa, while a $5 million investment is necessary for the ten-year visa.

Similar golden visas for investors have been proposed by several nations throughout the world, including the United States, Ireland, New Zealand, and Spain, in an effort to entice capital and enterprising residents.

For five-year visas for directors and commissioners, corporate investors must invest $25 million. In order to receive a 10-year visa, they must invest twice as much, or $50 million.

Individual foreign investors who don’t intend to create a corporation in the Southeast Asian nation are subject to different rules. The required amount of money that can be utilized to buy Indonesian government bonds ranges from $350,000 to $700,000.

Golden visa holders no longer need to apply for permits after they are in Indonesia, according to Silmy Karim.

Golden visa : Golden visa scheme to attract foreign individual and corporate investors…

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