The Rules Have Been Issued, These Are The Criteria For Recipients Of Golden Visa RI

Illustration (Photo: Pixabay/jackmac34)

YOGYAKARTA The government has just issued two rules that facilitate the residence permit of asng citizens (WNA) through the provision of Golden Visa. The two regulations are Regulation of the Minister of Law and Human Rights (Permenkumham) Number 22 of 2023 concerning Visas and Stay Permits and Regulation of the Minister of Finance Number 82 of 2023 which was promulgated on August 30, 2023.

So, what is a gold visa? What are the criteria for the recipient of the visa gold? Check out the full information below.

What is Golden Visa?

Golden Visa is a grouping of Limited Stay Visas, Limited Stay Permits, Permanent Stay Permits, and Re-entry Permits for a certain period of time.

This definition is contained in Article 184 of the Minister of Law and Human Rights Regulation No.22/2023 concerning Visas and Stay Permits.

Meanwhile, according to the Director General of Immigration at the Ministry of Law and Human Rights, Silmy Karim, Golden visa is a visa granted as the basis for granting residence permits within a period of five to 10 years in order to support the national economy.

Silmy Karim said that Golden Visa was a mandate from President Joko Widodo (Jokowi) when carrying out his duties as Director General of Immigration so that it was used as a priority program to be completed within 6 months.

"From changes to Government Regulations, Ministerial Regulations, to the Director General Regulation. The preparation of the visa golden policy involves many ministries," he said in a press statement, Sunday, September 3, 2023, quoted by VOI.

The criteria for recipients of Golden Visa Indonesia are contained in Permenkumhan Number 22 of 2023.

Director General of Immigration at the Ministry of Law and Human Rights, Silmy Karim said, to be able to stay in Indonesia for five years, individual foreign investors who will establish companies in Indonesia are required to invest US$2.5 million or around Rp. 38 billion. As for the 10-year period, the required investment value is US$ 5 million or around Rp. 76 billion.

Meanwhile, corporate investors who set up companies in Indonesia and invested US$25 million or around Rp. 380 billion will receive a gold visa with a stay of five years for their directors and commissioners. An investment value of US$ 50 million will be given a maximum of 10 years.

"Different provisions apply to individual foreign investors who do not intend to establish companies in Indonesia," said Silmy.

For recipients of Golden Visa 5 years, applicants are required to place funds amounting to 350 thousand US dollars or around Rp. 5.3 billion which can be used to buy RI government bonds, public company shares or depository savings/deposit placements.

As for Golden Visa 10, it is required to place funds of 700 thousand US dollars or around Rp. 10.6 billion.

"Because we are targeting quality crossers, the conditions are heavier. The longer you live in Indonesia, the higher the guarantee value, especially for investment activities that can reach around Rp. 760 billion," said Silmy.

This is information about the criteria for recipients of Golden Visa Indonesia. Get news updates of other options only on VOI.ID.