Indonesia launches ‘Golden Visa’, offering 10-year residency for US$10m investment in bid to lure foreign investors

Two bank managers among 10 charged in KK over MBSB Bank’s RM24.2m heist, first to be detained under Sosma before charged with organised crimes JAKARTA, July 25 — Indonesia launched a long-term visa scheme today intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10 million giving them a 10-year visa and access to South-east Asia’s largest economy.

Corporate investors are required to invest US$25 million to get five-year visas for directors and commissioners. They need to invest US$50 million to gain a 10-year visa. Jokowi, as the president is commonly known, said the visa was intended to lure “good quality travellers”.

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