Indonesia to Introduce Golden Visa for Foreign Investors

Indonesia is launching a golden visa program to attract foreign investors, aiming to stimulate its national economy. The program, as stated by the Ministry of Law and Human Rights, grants residence permits for extended periods of five to ten years. To qualify for a five-year visa, individual investors must establish a company worth $2.5 million, while a $5 million investment is required for the ten-year visa option.