The new Indonesia Golden Visa 2024
Published at: 12/09/2024 09:10 am
Indonesia has introduced a new and enticing residency by investment program. While it may not be the most economical option, the benefits it offers are drawing a significant number of applicants who are eager to secure an Indonesian residency permit through investment.
Indonesia, a land of potential and growth, is in need of investments primarily in the tourism sector and skilled immigrants.
Choose your path: two types of visas are available, five or ten years, depending on your investment amount and option.
On July 25, 2024, President Joko Widodo officially launched the Indonesia Golden Visa, formally inviting foreigners to invest their wealth or talent in the Southeast Asian nation.
What types of investments make you eligible for the Indonesia Golden Visa?
A new company registration with a capital of five million USD for the five-year visa and ten million USD for the ten-year visa is required.
- Purchase of government bonds, mutual funds or public companies for at least 350,000 USD in exchange for a five-year visa. If you invest in identical vehicles at 700,000 USD, the reward is a ten-year visa.
- Property purchase for one million dollars for the five or ten years visa.
- Register a company in Indonesia with 25 million USD for a five-year resident status and 50 million USD for a ten-year residency.
Deposit for five years 130,000 USD in a state-owned local bank. - Investment in the new Indonesian capital city of Nusantara is five million USD for five years and ten million USD for ten years of residency.
Indonesia also aims to attract its citizens or their descendants living abroad. The most cost-effective option for them is to purchase bonds worth 35,000 USD.
Interestingly, this program is among the most expensive solutions. However, the leader of the immigration authority said that they issued over 300 golden visas during the testing phase, and the nation received 123 million USD in investment, according to the Prestige.
Are you interested in Asian Golden Visa Programs with the most affordable costs and the widest range of advantages among those low or no tax structures? Ask our experts for a consultation here!