The country launched a long-term visa scheme on Thursday to attract foreign investors. (Photo: Antara Foto/Fikri Yusuf via Reuters)JAKARTA - Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10 million giving them a 10-year visa and access to Southeast Asia's largest economy. The five-year "Golden Visa" requires individual investors to set up a company worth $2.5 million, while a 10-year visa requires a $5 million investment. They need to invest $50 million to gain a 10-year visa. "We're launching the golden visa to make it easier for foreign nationals to invest and contribute in Indonesia," he said.

Source: Bangkok Post July 25, 2024 19:42 UTC