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Golden Visa rakes in $259.4 million in investment: official

Diposting pada 29 Agustus 2024 oleh admin / Dilihat: 0 kali

Jakarta (ANTARA) –

The Golden Visa has attracted Rp4 trillion or around USD259.4 million in investment into the country, with the number of applicants approaching 500, since its launch on July 25, 2024, an Indonesian government official said.

The Director General of Immigration of the Ministry of Law and Human Rights, Silmy Karim, conveyed this information in the webinar “Golden Visa Towards Golden Indonesia 2045” which was followed from here, Thursday.

Karim said that most Golden Visa applicants park their investments in the banking sector.

The investment is in the form of savings and bonds, which are investment instruments in the capital market or government bonds, he explained.

“In addition, many also apply for second home visas,” he added.

He said that the Golden Visa is an effort by the Directorate of Immigration to support the national economy by providing an opportunity for foreign investors to live in Indonesia for a period of 5-10 years.

Investors who want to apply for a Golden Visa must meet a number of requirements. For example, individual investors need to invest around USD350 thousand to USD700 thousand.

Meanwhile, high-level investors such as board members or representatives of the parent company need to invest in the range of USD25 million to USD50 million.

“Immigration is not only limited to inspections at airports or ports or only related to regular visitor visas. Immigration also has a role to provide benefits to the community,” he said.

Golden Visa was launched by President Joko Widodo (Jokowi) on July 25. In addition to investors and international business people, foreign tourists who meet the criteria and global talents can also apply for the visa.

National football team coach Shin Tae-yong is one of the Golden Visa recipients under the global talent category.

Related news: Golden Visa expected to boost investment in Labuan Bajo: Minister
Related news: Sandiaga optimistic Golden Visa will encourage investment in tourism sector

Translator: Putu S, Kenzu
Editor: Rahmad Nasution
Copyright © ANTARA 2024

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