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If we go by pre-pandemic statistics from 2019, it can be seen that Indonesia welcomed more than 16 million foreign visitors. In the current year, from January to October, the country experienced a noteworthy surge in foreign arrivals, totaling 9.49 million visitors—a substantial 124.3% increase compared to the same period in 2022.
Following a global trend, both Thailand and, more recently, Malaysia also implemented visa waivers for visitors from China and India. Moreover, in September, Indonesia unveiled a golden visa program designed to entice foreign individuals and corporate investors.
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According to Silmy Karim, Director-General of immigration, the golden visa entails the issuance of a residence permit lasting between five to ten years.
To qualify for the 5-year visa, an individual must establish a company valued at $2.5 million, while a $5 million investment is required for those seeking a ten-year visa. Corporate investors aiming for five-year visas for directors and commissioners are obligated to invest $25 million, with the investment doubling to $50 million for a 10-year visa.