Indonesia launches 'Golden Visa' to lure foreign investors, boost economy
- Indonesia launched a long-term visa scheme on July 25 to attract foreign investors, allowing investments up to US$10 million for a 10-year visa, as stated by President Joko Widodo.
- The five-year "Golden Visa" requires a US$2.5 million investment, while the 10-year visa needs US$5 million, according to the immigration agency.
- Almost 300 golden visas have been granted since testing began in 2023, attracting US$123 million in investments, as reported by Silmy Karim, chief of the immigration agency.
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Leaning Left0Leaning Right5Center4Last UpdatedBias Distribution56% Right
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- 56% of the sources lean Right
C 44%
R 56%
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