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President Joko Widodo has recently unveiled Indonesia’s new Golden Visa program at the Ritz-Carlton Hotel in Jakarta, Wego reports. Aimed at attracting foreign investment and facilitating long-term residency, the program is designed to position Indonesia as a premier destination for high-net-worth individuals and expatriates.
Hari ini, saya resmi meluncurkan Golden Visa Indonesia serta mengundang warga dunia untuk berinvestasi dan berkarya di Tanah Air. Saya optimistis potensi Indonesia sebagai tujuan investasi global sangat besar mengingat pertumbuhan ekonomi yang baik, stabilitas politik yang… pic.twitter.com/3dn0MAYqLG
— Joko Widodo (@jokowi) July 25, 2024
To symbolize the program’s significance, Jokowi presented the first Golden Visa to Shin Tae-Yong, the coach of the Indonesian national football team.
To qualify for a five-year Golden Visa, individual investors establishing businesses in Indonesia must invest a minimum of USD 2.5 million, while a ten-year visa requires a USD 5 million investment. Corporate investors are subject to higher thresholds of USD 25 million and 50 million, respectively.
For those not starting businesses, investment in Indonesian government bonds or public stocks is required. A USD 350,000 investment secures a five-year visa, while a USD 700,000 investment qualifies for a ten-year visa.
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