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Indonesia Lifestyle Travel

Indonesia’s New Golden Visa Aims to Lure Talent

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The Indonesian government is planning to roll out the red carpet for global talents through a soon-to-be-launched “golden visa” program. It aims to make Indonesia a more enticing place to work through a long-stay permit.

Tourism and Creative Economy Minister Sandiaga Uno believes that the golden visa could be a “game changer” in Indonesia’s efforts to attract more foreign workers and investments.

Under the golden visa program, foreigners could be granted a permit to stay up to 10 years. However, the technical details of the policy still remain unclear.

The golden visa program will be the second visa policy the government has launched in recent months. The “second home” visa program is primarily aimed at well-off elderly foreigners who were looking to retire in Bali or in other popular tourist destinations.

The second home program came into effect at the start of the year. It allows foreigners to apply for a stay permit of up to 10 years if they have an existing visa and provide proof of funds of either Rp 2 billion (US$128,559) in a personal Indonesian bank account or proof of ownership of a luxury property in the country.

Read the full article HERE.

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