Indonesia secures $2.9 billion through golden visa programme

A general view of the skyline of Jakarta, Indonesia, August 5, 2021
Rueters

Indonesia’s golden visa scheme is strengthening the country’s position as a hub for global investment and talent, offering long-term residency and incentives to those seeking to engage with Southeast Asia’s largest economy.

Indonesia’s golden visa initiative has brought in more than 48 trillion rupiah (around $2.9 billion) in investment, with 1,012 permits issued to foreign nationals as of 23 September according to the Directorate General of Immigration.

Introduced in July 2024, the scheme is designed to attract both investors and skilled professionals by offering residency for five to ten years. Eligible applicants include corporate investors, high-net-worth individuals, global figures, and former Indonesian citizens along with their families.

Golden visa holders gain advantages such as fast-track immigration services, airport priority, and legal certainty for investments and employment.

Foreign companies accounted for the bulk of the inflow with about $2.79 billion, while individual investors contributed around $14.96 million and other categories added roughly $87 million. The program has also delivered close to $774,000 in non-tax state revenue.

Acting Director General of Immigration Yuldi Yusman said the results reflect Indonesia’s rising profile as a destination for international capital and talent. He expressed confidence that the programme will continue to support economic growth and national development.

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