Heaptalk, Jakarta — The seventh President of the Republic of Indonesia, Joko ‘Jokowi’ Widodo, has officially launched a golden visa, particularly for foreign nationals who want to invest in the archipelago.
As is known, the initiation of the Indonesian golden visa has been regulated in the legal regulations of the Minister of Law and Human Rights number 22 of 2023 concerning visas and residence permits.
As explained in Chapter V, Article 184, a golden visa is a grouping of limited-stay visas, limited-stay permits, permanent-stay permits, and re-entry permits for a certain period, a maximum of 5 – 10 years. The government will provide this golden visa facility to facilitate investment activities, family reunification, repatriation, and second homes.
“Today, we launched the golden visa service to make it easier for foreign citizens to invest and work in Indonesia. I expect the facility to be immediately disseminated and socialized massively through various channels. Indonesia should become a promising investment destination for global talents, enabling a multiplier effect for the country, from capital gains, job opportunities, technology transfer, human resources quality improvement, and cross-border economic affiliation.” Presiden Jokowi affirmed. (07/25)
Nevertheless, Jokowi emphasized that this facility is dedicated to foreign citizens who meet the applicable requirements, especially parties who wish to contribute to the country’s economic development, such as investors from corporations and individuals. According to the President’s statement, the Indonesian government currently notes around 300 individual and corporate investors have proposed the Golden Visa facility.
“Golden visas are only given to good quality travelers. I urge the parties involved to select strictly and see their contribution. Don’t let us tolerate irresponsible parties in the country,” Joko Widodo said in his statement.
Individual investors who want to set up a company and obtain a residence permit in Indonesia must invest US$ 2.5 million. Meanwhile, for a 10-year resident permit, they must meet investment requirements of US$5 million.
Archipelago obliges corporate investors to pour fresh capital worth US$25 million with a 5-year residential status for the board of directors and commissioners. Meanwhile, for the 10-year permission to stay, they are expected to invest US$50 million in Indonesia.
