Want to Obtain a Golden Visa for Indonesia? Foreign Nationals Must Meet These Requirements

Want to Obtain a Golden Visa for Indonesia? Foreigners Must Fulfill This Requirement

"Dream - The Indonesian government officially launched the Golden Visa in the homeland. Shin Tae-yong became the first recipient of the Golden Visa, which was symbolically awarded by President Joko Widodo at an event held at the Ritz Carlton Jakarta on Thursday, July 25, 2024."

Want to Obtain a Golden Visa for Indonesia? Foreign Nationals Must Meet These Requirements

"Golden Visa provides a number of exclusive benefits for foreign nationals (WNA), including a residence permit with a longer duration than a regular visa, which is 5 to 10 years."

The Director General of Immigration of the Ministry of Law and Human Rights, Silmy Karim, explained that the Golden Visa is essentially a residence permit for foreign nationals with investment purposes, either individually or corporately. The Golden Visa can also be granted to global talents who excel in their respective fields, such as Shin Tae Yong.

“Golden Visa can be registered by a company or an individual. If it's a company, the investment starts from 25 million US dollars, while for individuals it starts from 350,000 US dollars,”

"said Silmy quoted from Liputan6.com, Friday, July 26, 2024."

"However, Silmy emphasized that the government will not arbitrarily accept foreign nationals even though the administrative requirements have been met. There will be a process of profiling their businesses as a form of strict selection."

The translation of "Syarat Golden Visa" to English is "Golden Visa Requirements".

According to the Regulation of the Minister of Law and Human Rights (Permenkumham) Number 22 of 2023 concerning Visas and Residence Permits and the Regulation of the Minister of Finance Number 82 of 2023, which was promulgated on August 30, 2023, this visa is intended for high-quality foreign nationals who can contribute to the economic development of Indonesia. This includes both corporate and individual investors.

The translation of "Individu" to English is "Individual".

"To be able to stay in Indonesia for five years, individual investors who will establish a company in Indonesia are required to invest 2.5 million US dollars (around Rp38 billion). Meanwhile, for a stay of 10 years, the required investment amount is 5 million US dollars (around Rp76 billion)."

The translation of "Korporasi" to English is "Corporation".

"For corporate investors who establish a company in Indonesia and invest 25 million US dollars (approximately Rp380 billion), a Golden Visa will be granted with a five-year stay for the directors and commissioners. For an investment value of 50 million US dollars (approximately Rp760 billion), the granted stay is 10 years."

The translated text is: "Different provisions apply to individual foreign investors who do not intend to establish a company in Indonesia. For the five-year Golden Visa, applicants are required to place funds amounting to 350,000 US dollars (approximately Rp 5.3 billion) which can be used to purchase Indonesian government bonds, shares of public companies, or savings/deposit placements. Meanwhile, for the 10-year Golden Visa Indonesia, the funds that must be placed amount to 700,000 US dollars (approximately Rp 10.6 billion)."

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