Do you have any questions
regarding the Golden Visa in Indonesia?
Indonesia has always been a beacon for investors, entrepreneurs, and global talents. Recognizing the potential to attract foreign investment and expertise further, the country has unveiled its latest offering: the Golden Visa.
Rooted in the Regulation of the Minister of Law and Human Rights Number 22 of 2023, later amended by the Regulation of the Minister of Law and Human Rights Number 11 of 2024, and coupled with the Regulation of the Minister of Finance Number 82 of 2023, this initiative is set to redefine the landscape of foreign investment in Indonesia.
Key Takeaways
- Benefits Galore: The Golden Visa offers numerous advantages, including extended stays, streamlined entry and exit processes, elimination of certain traditional requirements, and tailored categories for diverse investor profiles.
- Eligibility Criteria: There are specific financial thresholds and other criteria that applicants must meet to qualify for the Golden Visa, ensuring that only genuine and committed investors benefit from this initiative.
- Notable Figures: Influential figures, such as Sam Altman, CEO of OpenAI, have shown interest in the Golden Visa, highlighting its appeal to global leaders and innovators.
Understanding the Concept: What Exactly is a Golden Visa?
In essence, a Golden Visa is a special visa granted to foreigners, providing them with a stay permit ranging from 5 to 10 years. Its primary objective? To bolster the national economy by attracting quality investments and expertise from around the globe.
Unlike traditional visas or stay permits, the Golden Visa is designed with the investor in mind. It offers an extended duration of stay, allowing investors ample time to establish, operate, and grow their ventures in Indonesia. Moreover, it simplifies bureaucratic processes, making it easier for investors to focus on what truly matters: their business.
As Indonesia continues to evolve as a prime destination for foreign investments, the introduction of the Golden Visa marks a pivotal moment in its journey. It’s a clear signal that Indonesia is not only open for business but is also keen on building lasting partnerships with global investors.
Top Advantages of Securing an Indonesian Golden Visa
Navigating the world of foreign investments can be intricate, but Indonesia’s Golden Visa is designed to simplify this journey. It’s more than just a visa; it’s a package of benefits tailored to meet the needs of discerning investors. Let’s delve into the key advantages:
| Feature | Description |
|---|---|
| Extended Duration of Stay | The Golden Visa offers a choice between a 5-year or a 10-year visa. This allows investors to deeply engage with the Indonesian market, establish their PMA, and observe the growth of their investments over a significant period. |
| Ease of Entry and Exit | Holders of the Golden Visa can effortlessly enter and exit Indonesia, facilitating frequent business trips or occasional visits, and ensuring smooth business operations. |
| Bypassing the ITAS Requirement | The Golden Visa eliminates the need for the traditional ITAS (Limited Stay Permit), reducing paperwork and visits to the immigration office, and allowing investors to concentrate on their business. |
| Tailored to Diverse Investor Profiles | The visa caters to a range of investment profiles, from individual investors to multinational corporations, ensuring alignment with varied business objectives and growth plans. |
| Rigorous Selection Process | The Golden Visa emphasizes quality by implementing a stringent selection process. This ensures that only genuine and committed investors benefit, reflecting Indonesia’s dedication to a high-quality investment environment. |
Essential Criteria for Acquiring the Golden Visa in Indonesia
The Indonesian new visa is a prestigious offering, and as with all things of value, it comes with its set of criteria. These criteria ensure that the program attracts genuine investors who are committed to contributing positively to Indonesia’s economic landscape. Here’s a breakdown of the requirements:
1) For Individual Investors Establishing a Company in Indonesia
Visa 5 Years: To qualify, an individual must make a minimum investment of US$ 2,500,000 (approximately Rp. 38 billion).
Visa 10 Years: A heftier investment is required for this category, pegged at a minimum of US$ 5,000,000 (around Rp. 76 billion).
2) For Corporate Investors Establishing a Company in Indonesia
Visa 5 Years: Corporate entities, specifically directors and commissioners, must ensure a minimum investment of US$ 25,000,000 (approximately Rp. 380 billion).
Visa 10 Years: A more substantial investment of US$ 50,000,000 (around Rp. 760 billion) is mandated for directors and commissioners under this category.
3) For Individual Foreign Investors Not Establishing a Company in Indonesia
Visa 5 Years: Investors can secure this visa by investing US$ 350,000 (approximately Rp. 5.3 billion) in avenues such as Indonesian government bonds, shares of public companies, or making deposits in Indonesian financial institutions.
Visa 10 Years: A higher investment of US$ 700,000 (around Rp. 10.6 billion) in the aforementioned avenues is required for this extended visa.
4) For Board Members of Subsidiaries or Branches of Foreign Companies
Golden Visa 5 Years: Board members must ensure a minimum investment of US$ 25,000,000 (approximately Rp. 380 billion).
Golden Visa 10 Years: Board members must ensure a minimum investment of US$ 50,000,000 (approximately Rp. 760 billion).
Notable Figures and the Indonesian Golden Visa
The Indonesian Golden Visa has garnered attention not just from businesses and investors, but also from influential figures in the tech and innovation sectors. A prime example is Sam Altman, CEO of OpenAI, the organization behind groundbreaking technologies like ChatGPT. His acquisition of the Golden Visa underscores the program’s appeal to global leaders and innovators.
Altman’s association with the Golden Visa brings to light the potential of Indonesia as a hub for technological advancement and innovation. With OpenAI at the forefront of artificial intelligence research, such endorsements hint at the exciting possibilities and collaborations that could emerge between Indonesia and global tech giants.
Conclusion
Indonesia’s introduction of the new visa is a testament to its forward-thinking approach and commitment to fostering global partnerships. As the world becomes increasingly interconnected, such initiatives pave the way for mutual growth, collaboration, and understanding.
For investors and global talents, the Golden Visa offers a unique opportunity to be part of Indonesia’s exciting journey. Whether it’s tapping into the nation’s vast market potential, collaborating with local innovators, or simply experiencing the rich tapestry of Indonesian culture, the possibilities are endless.
Secure Your Ideal Visa Seamlessly with Permitindo’s Expertise
The allure of Indonesia, with its vibrant culture, booming economy, and strategic location, has always been undeniable. And now, with the introduction of the Golden Visa, the nation beckons global investors and talents more than ever. But how do you ensure that your transition is smooth, compliant, and hassle-free?
1. Expert Guidance: At Permitindo, our team of immigration experts is well-versed in the nuances of immigration processes. We provide clear, concise, and up-to-date guidance, ensuring you’re always on the right track.
2. End-to-End Assistance: From the initial consultation to the final approval, Permitindo offers comprehensive support. We handle documentation, liaise with authorities, and keep you informed at every step.
3. Beyond the Visa: Our services don’t just stop at explaining your visa. Whether it’s understanding local customs, finding accommodation, or integrating into the Indonesian market, we’re here to assist.
Eager to start a smooth business journey in Indonesia? Trust in our commitment to excellence. Connect with us directly at contact@permitindo.com or complete the form below.