Another country in Southeast Asia has announced a visa program for investors and talents. According to local media reports, the Indonesia’s Golden Visa program will be launched as early as September 2023. Minister for Tourism and Creative Economy, Sandiaga Uno, expressed his hopes that the new program will make a significant contribution to the country’s economic sector.
According to preliminary information, the Indonesia’s Golden Visa will be available for both companies and individuals. At the same time, companies will have to invest at least $50 million in Indonesia, and individuals will have to invest at least $350,000 in government bonds. A type of investment such as bonds, which suggests that this is a returnable investment.
Mentioning the details of Indonesia’s Golden Visa program, Minister Uno said the new Indonesia’s Golden Visa would be 5-year and 10-year validity. And also, this program offers a simplified route to citizenship and granting its holders the right to live, work and purchase property in the country. Even including popular destinations such as the island of Bali.
Special offer for special entrepreneurs
And it was also stated that the golden visa policy would later target talented foreigners, including researchers from some of the world’s leading universities. In other words, a visa can also be issued to developers of artificial intelligence (AI). Luhut Binsar Pandjaitan, Coordinating Minister for Maritime and Investment Affairs, has announced that a Indonesia’s Golden Visa will be issued for OpenAI chief executive officer Sam Altman, according to CNN Indonesia. The most famous product of OpenAI company is ChatGPT, AI-powered chatbot.
Other types of Investor Visas in Indonesia
Indonesia has a Second Home visa, which is for wealthy retirees or digital nomads who want to settle in the country’s tourist spots. Indonesia grants 10-year visas to wealthy foreigners if they can show proof of funds in the equivalent of $130,000 to be deposited in a local bank. The Second Home visa was introduced in October 2022 and became available to applicants in December.
Other offers of visas for talents in Asia
Hong Kong Investment Visa (TTPS) for outstanding talent. The “Top Talent Pass” (TTPS) program in Hong Kong designed to facilitate the employment of special candidates. Who may apply? Persons who received a salary of at least $320,000 during the 12 months (about $26,700 per month) immediately preceding the date of application. In addition, the main applicant will need to show the presence of higher education and work experience in the specialty. So, the application for Hong Kong Investment Visa (TTPS) may include a legal spouse and children under 18 years of age. Dependents can work, study or run a business based on their dependent status. Parents over 60 are eligible for a dependent visa once the sponsor (main applicant) has obtained permanent residence in Hong Kong.
