Looking for a new way to stay and invest in the archipelago? Well, we have some good news for you!
Bali is calling all you aspiring entrepreneurs and digital nomads. Do you hear it? Do you have what it takes to make a mark in Indonesia's economy with your skills and funds? If you do, listen up: Indonesia is gearing up to launch a new 'golden visa' scheme soon.
The 'golden visa' is a lucrative scheme that will let you stay in Indonesia for up to 10 years. You will also enjoy perks like owning property and applying for citizenship faster. It's a one-in-a-million opportunity to live your "Eat.Pray.Love" dream and work in Bali, the famed island of gods.
But it also comes with an added responsibility to respect and protect the values and culture of Indonesia. Read on if you're up for the challenge!
How Much Does It Cost and How to Get It?
The 'golden visa' will be costly. The government has not announced the official price but has set some minimum investment requirements for applicants.
For companies, the investment value in the real economy must be at least US$50 million. For individuals, the investment value in government bonds must be at least US$350,000.
The 'golden visa' will have two options: five-year or ten-year validity. The application process will be much faster and easier than other visas, and Golden Visa holders can enter Indonesia multiple times without hassle.
Why Bali Is the Hotspot for the 'Golden Visa'?
Bali, Indonesia's most popular tourist destination, is already a haven for thousands of entrepreneurs and digital nomads. The island offers beautiful natural scenery, a rich cultural heritage, a vibrant creative scene, and a low cost of living.
The 'golden visa' will make Bali even more attractive for foreigners who want to live and work there. They can stay longer, own property, and enjoy the benefits of being part of the Indonesian community.
The 'golden visa' will also boost Bali's tourism industry, which is suffering from the pandemic. The government hopes the 'golden visa' will bring more foreign visitors and spending to the island.
What Are the Risks and Challenges?
The 'golden visa' is not without risks and challenges. The government must ensure that the visa rules are foolproof and that the visa holders comply with the laws and regulations.
The government must also balance the local people's and foreign investors' interests. Some negative impacts might be on the economy, the environment, and social justice.
Indonesia's 'golden visa' is a bold move to open its doors to the world. It is a chance for foreigners to explore and contribute to one of Southeast Asia's most diverse and dynamic countries. But it is also their responsibility to respect and protect the values and culture of Indonesia.
Also read: Bali's Iconic Mountains and Volcanoes Off-Limits for Tourists: Conservation Measures Enforced
You can also connect with me on Instagram & YouTube.
Ready to travel for free? Earn credits and redeem them on Tripoto’s weekend getaways, hotel stays and vacation packages!
Think we missed out on something? Tell us about it in the comments below. Or write about it here on Tripoto and earn Tripoto Credits!
' fill='%23359391'%3e %3cpath d='M46.1538462%2c43.5714286 L41.5%2c50 L36.8461538%2c43.5714286 L36.8670256%2c43.5714286 C36.3173077%2c42.7142857 36%2c41.6851429 36%2c40.5714286 C36%2c37.4854286 38.4535641%2c35 41.5%2c35 C44.5464359%2c35 47%2c37.4854286 47%2c40.5714286 C47%2c41.6851429 46.6826923%2c42.7142857 46.1329744%2c43.5714286 L46.1538462%2c43.5714286 Z M41.4294872%2c39 C40.6150641%2c39 39.9487179%2c39.675 39.9487179%2c40.5 C39.9487179%2c41.325 40.6150641%2c42 41.4294872%2c42 C42.2439103%2c42 42.9102564%2c41.325 42.9102564%2c40.5 C42.9102564%2c39.675 42.2439103%2c39 41.4294872%2c39 L41.4294872%2c39 Z' id='Location-white'%3e%3c/path%3e %3c/g%3e %3c/svg%3e)
