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

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Golden Visa News

Indonesia,Foreign Investors,Visa

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 (RM46.7...

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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