Indonesia is on the brink of introducing its Golden Visa initiative, anticipated to be released within the next one to two weeks. The policy is designed to provide visa exemptions to foreign entities and individuals who engage in substantial investments within the nation.
Corporations seeking the Golden Visa are required to make tangible investments totaling at least $50 million. Meanwhile, individuals can qualify by investing a minimum of $350,000 in government bonds.
Successful applicants meeting the criteria will be granted a multi-entry visa, valid for a duration of 5 to 10 years. This visa enables them to not only conduct business but also partake in various activities within Indonesia.
Indonesia supposedly indicated that the policy’s scope will eventually extend to encompass highly skilled foreigners, including scholars from renowned global universities. Furthermore, the Golden Visa might also be extended to encompass developers in the realm of artificial intelligence (AI).