Indonesia to launch Golden Visa programme by end of the year

Indonesia is striving hard to make significant reforms to its immigration policies in order to attract foreign investment and international entrepreneurial and commercial expertise.

The most popular tourist destination in the nation, Bali, is already a haven for thousands of entrepreneurs and digital nomads. The ‘golden visa’ will be available to a small number of persons before the end of the year, according to official announcements from ministers.

Sandiaga Uno, Indonesia’s Minister for Tourism and Creative Economies, announced to reporters following a recent press conference that the much-derided “golden visa” will be implemented before the end of the year.

Companies who want the Golden Visa may have to invest at least $50 million in the real economy. Meanwhile, for individuals, the investment value in government bonds is at least $350,000. The debut has been postponed, nonetheless, due to additional administrative changes and regulatory modifications.