Picture courtesy of Fikri Rasyid, Unsplash Indonesia has launched an initiative to draw foreign individual and corporate investors with the introduction of a golden visa scheme. The golden visa grants a residence permit for a period of five to 10 years. Individual investors must establish a company worth $2.5 million for a five-year visa and $5 million for a 10-year visa. Corporate investors face higher stakes, with a five-year visa requiring an investment of $25 million and a 10-year visa requiring $50 million. Alternatively, individual foreign investors can invest between $350,000 to $700,000 in government bonds to qualify for the visa. This move follows similar schemes in countries such as the US, Ireland, New Zealand, and Spain. The Thai government also introduced a 10-year residence visa programme to boost tourism and economic growth. However, the number of applicants did not align with the government’s claims.
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