"We want to make sure that the Golden Visa offer is attractive for tourists to stay longer in Indonesia," said Minister for Tourism and Creative Economies Sandiaga Uno at a press conference this week.
He said immigration authorities are working to ensure that the requirements are "watertight."
Indonesian authorities initially planned to launch the 10-year visa program this month to boost its economy.
It will be the second visa initiative the Indonesian government has launched in recent times, after previously introducing a second home visa program in October last year.
That initiative allows foreigners to apply for a stay permit of up to 10 years, if they have an existing visa and provide proof of funds of either Rp 2 billion (US$130,800) in a personal Indonesian bank account, or proof of ownership of a luxury property in the country.