The government has summarized all the conditions in this document: Golden Visa Indonesian government.

These visas are designed to attract wealthy and influential individuals who can significantly contribute to Indonesia's economy and development.

Required Investments

Foreigners can obtain this visa by making substantial investments through various channels, such as shares in local public companies, government bonds, real estate, or savings accounts. This investment mechanism aligns with the OECD definition of a golden visa, a residence or citizenship program granted through investment.

Advantages of the Golden Visa

Golden Visa holders enjoy several significant benefits; here are the benefits of obtaining a golden visa for foreigners. 

1. Extended Stay Duration

One of the main attractions of the Golden Visa is the ability to stay in Indonesia for a prolonged period of five to ten years. This duration is particularly beneficial for those planning long-term projects, whether real estate investments, business creation, or simply enjoying retirement in an exotic setting. An extended stay allows holders to settle comfortably and fully integrate into Indonesian society.

2. Simplified Entry and Exit

Golden Visa holders benefit from simplified procedures for entering and exiting Indonesia. This significantly reduces the administrative formalities and waiting times typically associated with international travel. This ease of movement is crucial for investors and entrepreneurs as it allows them to efficiently manage their international affairs without being hindered by bureaucratic constraints.

3. Streamlined Procedures for Long-Term Visas

Obtaining a long-term visa can often be complicated and time-consuming. The Golden Visa removes these obstacles by offering a simplified and quick procedure. This allows holders to focus on their main activities without being distracted by administrative requirements. Furthermore, this simplification encourages more people to consider Indonesia a viable destination for prolonged stays. The visa creation can be done entirely online.

4. Suited for Renowned Individuals

The Golden Visa is also designed to attract individuals of international renown. Whether celebrities, opinion leaders, business magnates, or technological pioneers, the presence of these personalities can enhance Indonesia's international profile. Their influence and networks can bring additional economic and cultural opportunities while drawing global attention to Indonesia's potential.

5. Rigorous Selection of Holders

The selection process for the Golden Visa is strict to ensure that only those who can make a positive and significant contribution to Indonesia are admitted. Applicants must prove their ability to invest and maintain substantial financial resources. This rigor ensures that beneficiaries can positively impact the Indonesian economy and society.

6. Positive Impact for Indonesia

The Golden Visa is designed to attract individuals who will positively impact Indonesia. Direct investments in critical sectors such as real estate, local businesses, and government bonds can stimulate economic growth. Additionally, the arrival of high-caliber professionals and entrepreneurs can foster innovation, job creation, and knowledge transfer, contributing to the country's sustainable development.

7. Initial Issuance and Anticipated Impact

The first recipient of this Golden Visa is Samuel Altman, CEO of OpenAI, marking a promising start for this program. Indonesia thus follows in the footsteps of several other countries, such as the United States, Canada, the United Arab Emirates, Ireland, Germany, New Zealand, Italy, Spain, and Denmark, all of which have successfully implemented similar programs.

In summary, the Ministry of Immigration and Finance of Indonesia's work has created a valuable opportunity for foreigners to invest in a country booming economically while benefiting from an attractive living environment and increased legal and financial stability. The program is expected to attract individuals who can provide significant investments and valuable expertise, thereby contributing to Indonesia's sustainable development and prosperity.

JakartaGlobe reported that Minister Yasonna Laoly issued a new ministerial regulation which invalidates the previous law that completely banned non-essential visits to Indonesia. According to a separate report by Suara.com, international flights into Indonesia are now possible but only available at Soekarno-Hatta Airport in Jakarta and Sam Ratulangi Airport in Manado, which is done to facilitate the surveillance of incoming travelers. In their interview, Minister Luhut said that the government is considering Bali as another point of entry and will determine its readiness next week or the week after that.

Press release from the Immigration Office reveals that foreigners who hold valid visit visas and temporary stay visas can now enter Indonesia. Travelers are required to present their vaccination certificate and valid negative PCR test result upon arrival. After that, travelers must be quarantined for 8 days and undergo PCR testing during quarantine before eligible to receive a COVID-free statement letter. All quarantine expenses are paid by the traveler.

Visa application is open and foreigners can apply online

The cost of visa application with an agent ranges between USD 350 to 500 depending on the services provided. Please contact us for more information on this.

The following are additional requirements that visa applicants must meet:

1. COVID-19 vaccination verification application: Which can be done here.
2. Flight itinerary
3. A statement letter: Stating compliance with Indonesian health protocols.
4. Health insurance and/or travel insurance: If the applicant does not have insurance, they must submit a statement saying all COVID-19 medical expenses while in Indonesia will be covered by the applicant.

Now is the best time to buy Bali villas

This development is a golden opportunity for foreign investors who have been waiting too long to buy property in Bali but can't enter Indonesia, as it is now possible to travel and directly buy villas in Bali. Soon there won't be any need for virtual tours anymore as you can now physically inspect Bali properties. As for those who have been waiting for the right time to invest in Bali commercial real estate, now is the time to do so because Bali is getting very close to reopening and all that pent up demand for villas and holiday rentals needs to be fulfilled.

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