Indonesia offers 'golden visa' to entice foreign investorsJAKARTA: Indonesia is introducing a golden visa scheme to attract foreign individual and corporate investors in an attempt to boost its national economy, a statement from the ministry of law and human rights distributed on Sunday said. The five-year visa requires individual investors to set up a company worth $2.5 million, while for the 10 years visa, a $5 million investment is required. Other countries around the world including the US, Ireland, New Zealand and Spain have introduced similar golden visas for investors, seeking to attract capital and entrepreneurial residents. Different provisions apply to individual foreign investors who do not want to establish a company in the Southeast Asian country. “Once they arrive in Indonesia, golden visa holders no longer need to apply for permit,” Silmy Karim said.
