Politics
Indonesia: 471 Golden Visas issued in the 2nd half of 2024
A total of 471 golden visas were issued by Indonesia in the second half of 2024, based on statistics from the Directorate General of Immigration of the Ministry of Immigration under the Ministry of Immigration and Correctional Services .
The same source revealed that for a period from July to December 2024, approximately $558 million (Rp. 9 trillion) was brought into Indonesia through the VisaGuide.World investment residency program.
Through the Golden Visa program, foreigners can acquire residency in Indonesia in exchange for financial investments and meet the necessary conditions.
Indonesia's residency by investment program offers long-term residence permits to foreigners for five to ten years, provided they make a financial contribution to the country.
To qualify for this program, wealthy foreigners must invest at least 350,000 US dollars (approximately 5.69 billion rupees). At the same time, corporate investors must commit up to $25 million (around 406 billion rupees).
The program also includes special categories for global talents, as well as former Indonesian citizens and descendants of former citizens.
Indonesia's goal of issuing 1,000 Golden Visas by the end of the year appears unachievable
Indonesia's goal since the program was introduced in July was to issue 1,000 older visas by the end of this year. However, this goal seems unachievable as there are only two weeks left until the end of this year.
Figures from the Director General of Immigration revealed that interest in the Golden Visa program for a two-month period was high. Despite this, the number of those who have obtained the document remains low so far.
Currently, we are approaching 500 [registrations]. Every day there are changes [in the database].
Indonesia introduced its residency by investment program in July this year in a bid to attract wealthy foreign nationals, helping Indonesia continue its economic growth.
The launch of the program was confirmed by Indonesian President Joko Widodo.
We are launching the Golden Visa to make it easier for foreign nationals to invest and contribute to Indonesia. Joko Widodo
More than 5,162,700 travel visas issued in 2024
In the end-of-year briefing, the General Directorate of Immigration indicated that a total of 5,162,775 travel visas were issued for a period from January to December 15, 2024. The same source reveals that on the In total, 89 percent, or 4,635,858 visas, were visas on arrival.
Other visa types granted this year by Indonesian authorities, according to Indonesia Expat, are:
- Single entry visas: 420,529
- Multiple entry visas: 43,292
- Limited-stay visas: 62,630
Additionally, the Directorate General of Immigration reported state non-tax revenue of Rp 8.58 trillion as of December 15, exceeding the target of Rp 6 trillion by 142 percent.
Sources 2/ https://visaguide.world/news/indonesia-471-golden-visas-issued-in-2nd-half-of-2024/ The mention sources can contact us to remove/changing this article |
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