Indonesia isnearJapan has officially launched a long-term visa program aimed at attracting foreign investors, which provides the convenience of long-term stay in Indonesia for eligible investors. According to the new policy, the investment amount has reachedA $10 million investor will directly receive a 10-year golden visa and enjoy the privilege of entering Southeast Asia's largest economy.

The golden visa program launched by Indonesia has set multiple investment thresholds to meet the needs of different investors. For individual investors, if they choose to establish a company, they need to investA 5-year visa can be obtained for $2.5 million, while an investment of $5 million can be upgraded to a 10-year visa. If investors do not intend to establish a company, they can also choose to invest by purchasing Indonesian government bonds, listed company stocks, or deposits, which require $350000 and $700000 respectively to obtain 5-year and 10-year visas.

It is worth noting that the Indonesian Immigration Department particularly encourages investment in the new capital of Nusanda, located in Borneo state. According to the policy, the investment amount in Xindu has reachedInvestors with $5 million will receive a 5-year visa, while investors with an investment of $10 million can directly obtain a 10-year long-term visa. This measure not only provides investors with more diversified investment options, but also further promotes the economic development of Indonesia's new capital.

Indonesian President Joko Widodo stated that the launch of the Golden Visa program aims to attract high-quality investors who can make tangible contributions to the Indonesian economy. He emphasized that the plan aims to promote the rooting and long-term development of foreign investors in Indonesia, rather than just serving as a tool for short-term speculation. Since its trial last year, Indonesia has moved closer to300 applicants were granted golden visas, successfully attracting $123 million in funding.

In addition, Indonesian Immigration Director Hilmi also revealed that Indonesian authorities are exploring how to provide special status for Indonesian foreign citizens to further attract and retain these overseas Indonesian talents. This special status will allow Indonesian foreign citizens to stay, work, and live in Indonesia indefinitely, and details of the relevant plan are expected to be announced this yearAnnounced before October.

However, the launch of the Golden Visa program has also raised some concerns. Some countries, such as Canada, the United Kingdom, and Singapore, have cancelled similar investment visa programs primarily due to concerns that such programs may become safe havens for speculative funds. Nevertheless, the Indonesian government has stated that it will rigorously review the eligibility and funding sources of applicants to ensure that the Golden Visa program can truly promote Indonesia's economic development and social prosperity.