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Indonesia to implement Golden Visa policy this month

Indonesia's Golden Visa policy, which will offer visa exemption for foreign companies or foreigners who make a large investment in the country, is likely to be issued in one or two weeks, said Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan on August 1.
Jakarta (VNA) - Indonesia'sGolden Visa policy, which will offer visa exemption for foreign companies orforeigners who make a large investment in the country, is likely to be issuedin one or two weeks, said Coordinating Minister for Maritime and InvestmentAffairs Luhut Binsar Pandjaitan on August 1.

As reported by the local newsoutlet Tempo, companies wishing to obtain the Golden Visa must make a realinvestment of at least 50 million USD. Meanwhile, for individuals, theinvestment value in government bonds is at least 350,000 USD.

Eligible applicants can get a multi-entry visa that is valid for five to 10years. They can later conduct business and other activities in the SoutheastAsian nation.

The minister reportedly saidthat the policy would later target highly knowledgeable foreigners includingresearchers from some of the world's leading universities. The visa could also begiven to artificial intelligence (AI) developers./.
VNA
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