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Nearly 500 ‘golden visa’ applications since launch, immigration office says
Almost 500 people have submitted applications for a so-called golden visa since the special permit was launched in July, Director General of Immigration Silmy Karim has revealed.
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President Joko “Jokowi“ Widodo (left) symbolically hands over a so-called "golden visa" to Indonesian soccer national team coach Shin Tae-yong (fourth left) during the golden visa launch event in Jakarta on July 25, 2024. The ceremony was also attended by Law and Human Rights Minister Yasonna Laoly (second left), Immigration Director General Silmy Karim (third left), Cabinet Secretary Pramono Anung (third right), Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan (second right) and Coordinating Political, Legal and Security Affairs Minister Hadi Tjahjanto (right). (Antara/Erlangga Bregas Prakoso)
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lmost 500 people have submitted applications for the so-called “golden visa” since the special permit was launched in July, Director General of Immigration Silmy Karim has revealed.
“Currently, we are approaching 500 [registrations]. Every day there are changes [in the database],” Silmy said on Monday, as quoted by Bisnis.
He declined to disclose the number of requests that have been approved out of the nearly 500 applications received.
Applications under the program have been received since Aug. 30, 2023, when the golden visa policy was introduced through Law and Human Rights Ministry Regulation No. 22/2023.
Silmy revealed at the program’s formal launch event held on July 25 this year that 300 foreign nationals had already received a golden visa at that time and that the government had secured at least Rp 2 trillion (US$128.3 million) worth of investment from those applicants.
President Joko “Jokowi” Widodo, who also attended the launch, explained that the golden visa initiative aimed to create a multiplier effect for the Indonesian economy by facilitating investment from foreign nationals.
The program particularly invites high-net-worth individuals, global talent and the diaspora of ex-Indonesian citizens to pour money into the country or contribute their expertise in exchange for longer permits that allow them to stay in the country for five or 10 years.
