Want to Know the Requirements & How to Get a Golden Visa Indonesia? Check Here!
Corporate Secretary Service Indonesia – With all its natural charm, culture, and economic potential, Indonesia is increasingly attracting the attention of foreign nationals who want to invest or stay long-term. One of the latest policies offered is the Golden Visa as Investor Visa. This program grants residency rights to foreign investors in exchange for a significant investment in Indonesia. This article will take an in-depth look at a Golden Visa, its benefits, and the requirements and process for obtaining one in Indonesia.
What is a Golden Visa?
According to the website of the Cabinet Secretariat of the Republic of Indonesia, according to the OECD definition, residency by Investment and citizenship by Investment Schemes, often known as “Golden Visa” and “Golden Passport,” are policies implemented by a country to grant residence permits or citizenship to foreign nationals (WNA) through investment or payment of a certain amount of fees.
Meanwhile, as reported by the official website of the Ministry of Law and Human Rights, a Golden Visa is a type of visa granted as the basis for granting a residence permit in Indonesia for a period of 5 to 10 years. The purpose of granting a Golden Visa is to support the national economy. The policy regarding the Indonesian Golden Visa is regulated in the Minister of Law and Human Rights Regulation (Permenkumham) Number 22 of 2023 concerning Visas and Stay Permits and Minister of Finance Regulation Number 82 of 2023, which was promulgated on August 30, 2023.
Based on Article 184 of Permenkumham Number 22 of 2023, Golden Visa is defined as a classification of limited stay visa, limited stay permit, permanent stay permit, and re-entry permit for a certain period. Then, in Article 185 paragraph 1, it is stated that a limited stay visa, limited stay permit, permanent residence permit, and re-entry permit can be granted for the purposes of investment, family unification, repatriation, and second home, with a validity period of between 5 to 10 years.
This program has been adopted by several countries around the world. Now, Indonesia is also following its lead in attracting more foreign investment into the country. In other words, Indonesia’s Golden Visa or Investor Visa allows foreign nationals to live in Indonesia if they make certain investments in the country. The hope is that the Golden Visa can accelerate economic growth by attracting high-quality investors. They are encouraged to contribute in total, not only financially but also by bringing their expertise and global network.
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Benefits of Golden Visa Indonesia
The Golden Visa Indonesia offers various attractive benefits for foreigners who wish to live and invest in Indonesia. Here are some of the main advantages of this scheme.
Long Period of Stay
The Golden Visa provides a longer period of stay than other types of visas, which is between 5 to 10 years. This gives foreigners the flexibility to plan their business activities and life in Indonesia with more peace of mind without the need to renew their residence permits frequently.
Ease of Mobility
Golden Visa holders enjoy easy entry and exit from Indonesia with multiple entries, allowing them to travel internationally without the need to apply for visas repeatedly. In addition, they are given priority in various immigration services at the airport.
Asset Ownership Rights
The Golden Visa gives its holders the opportunity to own assets in Indonesia, including property. This is a great advantage for investors who want to grow their investment portfolio in Indonesia.
Efficiency in Administration
One of the other advantages is the ease in the administration process, where Golden Visa or Investor Visa holders no longer need to apply for a Limited Stay Permit (ITAS) to the immigration office, thus saving time and effort.
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