Get to Know the Differences Between Golden Visa in Indonesia, Malaysia and Singapore

Corporate Secretary Service Indonesia – Golden Visa is a program that applies in several countries to attract foreign investment through the granting of residence permits or citizenship. This program is popular in various countries as a way to boost the economy and attract capital from abroad. In Asia, Indonesia, Malaysia and Singapore have Golden Visa schemes with different regulations and requirements.

Indonesia introduced the Investor Visa or Golden Visa scheme as part of its efforts to attract foreign investment and boost the country’s economy. The program aims to create jobs and support the local business sector. The Golden Visa program in Indonesia can grant long-term residence permits to investors under the following investment conditions.

• To obtain a 5-year residence permit, individual investors must make an investment of USD 2.5 Million and corporate investors of USD 25 Million.
• For a 10-year residence permit, individual investors must invest USD 5 Million and corporations USD 50 Million.

Investors who qualify for a long-term residence permit will get a temporary residence visa and ease of doing business in Indonesia.

Apart from Indonesia, Malaysia also offers the Malaysia My Second Home (MM2H) program which allows foreign nationals to live in Malaysia for a period of 10 years and can be extended. However, this program focuses more on attracting retirees and high income individuals. The requirements that must be met such as:

• Participants under the age of 50 must have a fixed deposit of RM 300,000, while participants above 50 years old amount to RM 150,000.
• Meanwhile, participants are also required to have a monthly income of at least RM 10,000 and Health insurance applicable in Malaysia.

Eligible participants will get benefits such as being able to purchase property and vehicles in Malaysia.

Read Also: ISO 9001 Certificate, Understand Its Usefulness for Companies Here!

Singapore has a Global Investor Program (GIP) which was established to attract high net worth individuals with a good business track record to obtain Permanent Residence (PR) through investment. The GIP program aims to support the growth of a knowledge and technology-based economy. So as to increase Singapore’s competitiveness in global business.

In this case Singapore has three options, including the following:

• Option A: Investment of SGD 2.5 Million in a new company or expansion of an existing business in Singapore. Investors must submit a detailed 5-year business or investment plan with employment projections, expenditure and financial projections. Investors must have at least 30% shareholding in the company as well as be part of the management team.
• Option B: Investors can invest SGD 2.5 Million in GIP funds in Singapore-based companies.
• Option C: Investors can invest SGD 2.5 Million in a single family office based in Singapore and manage SGD 200 Million in assets.

Each country has a different Investor Visa or Golden Visa scheme, according to the intended investment focus. In addition, each program also has benefits with different requirements.

Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business, also when you need Investor Visa. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!