The US, Ireland, New Zealand, and Spain have introduced similar schemes for investors.
The golden visa scheme aims to attract foreign investors in an attempt to boost Indonesia’s economy.
“The golden visa is granting a residence permit for an extended period of five to 10 years,” director general of immigration, Silmy Karim said in the statement. 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.
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