Indonesia to implement 10-year visa policy this month

By VNA August 2, 2023 | 03:30 pm PT

A police officer talks with tourists in front of the Bali Bomb Monument in Indonesia in 2016. Photo by Reuters

Indonesia's Golden Visa policy, which will offer visa exemption for foreign companies or foreigners who make a large investment in the country, is likely to be issued in one or two weeks.

Companies wishing to obtain the Golden Visa must make a real investment of at least US$50 million, said Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan on August 1 as cited by the local news outlet Tempo.

Meanwhile, for individuals, the investment value in government bonds is at least $350,000.

Eligible applicants can get a multi-entry visa that is valid for five to 10 years. They can later conduct business and other activities in the Southeast Asian nation.

The minister reportedly said that the policy would later target highly knowledgeable foreigners including researchers from some of the world's leading universities. The visa could also be given to artificial intelligence (AI) developers.