Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration.
“The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the immigration authority’s director for stay permits, Jaya Saputra, says.
471 so-called golden visas have been issued this year so far.
The amount secured so far is less than half the amount targeted.
Silmy Karim, who served as immigration director general at the launch, had set a target of getting 1,000 golden visa recipients this year, according to kompas.com.
Source: The Jakarta Post
