{"id":5393,"date":"2023-09-08T08:07:46","date_gmt":"2023-09-08T08:07:46","guid":{"rendered":"https:\/\/databonker.com\/?p=5393"},"modified":"2023-09-08T08:07:48","modified_gmt":"2023-09-08T08:07:48","slug":"is-indonesia-golden-visa-better-than-malaysia-singapore-and-thailand","status":"publish","type":"post","link":"https:\/\/databonker.com\/is-indonesia-golden-visa-better-than-malaysia-singapore-and-thailand\/","title":{"rendered":"Is Indonesia Golden Visa better than Malaysia, Singapore and Thailand"},"content":{"rendered":"\n

Indonesia Golden Visa:<\/strong> Bali in Indonesia \ud83c\udfdd\ufe0f is one of the most famous island for tourists around the world. What if you get a chance to settle down in Indonesia near by your favorite island, making Indonesia as your second home!<\/p>\n\n\n\n

Well to make your cherished dream come true, Indonesia is launching a special ‘Golden Visa’<\/mark><\/strong> initiative aimed at drawing in high caliber, high worth foreign investors, both individuals and businesses. This fresh visa program<\/a> allows foreign investors to obtain a residency permit lasting anywhere from five to ten years, contingent on the size of their investment.<\/p>\n\n\n\n

For Individual Investors investing in Shares, Equity Shares: <\/strong>A person or an individual investor, who invests $350,000 in shares of public companies, savings or deposit accounts, or government bonds can qualify for a five-year stay.<\/p>\n\n\n\n

If they invest $700,000, they are eligible for a ten-year stay. This information comes from a press release quoting Indonesia’s Director General of Immigration, Silmy Karim, on a Saturday.<\/p>\n\n\n\n

For Individual Investors establishing in Business, Company:<\/strong> A five-year visa is available for individuals, individual foreign investors who establish a company with a minimum investment of $2.5 million. To extend it further, if they invest $5 million, they can get a 10-year visa.<\/p>\n\n\n\n

For Directors and Commisioners<\/strong>: At the same time, directors and commissioners of companies and businesses can secure a five-year visa if their company invest a minimum of US$25 million, they. Alternatively, they can opt for a 10-year visa, is their company or business invests US$50 million.<\/p>\n\n\n\n

The Director General of Immigration, Silmy Karim, explained that the requirements for this program are more thorough because it’s aimed at attracting high-quality investors.<\/p>\n\n\n\n

Another benefits include<\/strong>, golden visa holders will receive special benefits, such as not needing to apply for a temporary stay permit at the immigration office, according to the press release.<\/p>\n\n\n\n

On the somewhat similar lines, last year in 2022 – Indonesia introduced a second home visa for affluent tourists, who have at least 2 billion rupiah ($130,000) in their bank account.<\/strong><\/p>\n\n\n\n

Several countries worldwide, such as the United States, Ireland, New Zealand, and Spain<\/strong>, have also introduced comparable golden visa programs to attract global investors and residents with entrepreneurial ambitions.<\/p>\n\n\n\n

Indonesia Golden Visa vs Neighboring Asian Countries<\/strong> Visa<\/strong><\/h2>\n\n\n\n

Indonesia is surrounded by neighboring countries in Southeast Asia, which offers highly attractive investment opportunities<\/a> and rebates to attract wealthy foreign investors or global investors. Let’s see what other Asian countries are offering and where all these stand against each other – <\/p>\n\n\n\n

Malaysia<\/strong><\/h2>\n\n\n\n

Earlier Malaysia has MM2H program<\/strong>, which is one of the most well-known Golden Visa programs in Asia. Malaysia’s My Second Home (MM2H) Program<\/mark><\/strong>, initiated by the Malaysian government, aims to welcome foreigners who meet specific requirements to stay in Malaysia for an extended period.<\/p>\n\n\n\n

This program grants a renewable 5-year Pass with Multiple-Entry Visa, and it’s open to individuals from all countries, regardless of their race, religion, or gender.<\/p>\n\n\n\n

Malaysia government promotes this program to allow eligible foreigners to enjoy an extended stay in the country through a multiple-entry social visit pass. <\/p>\n\n\n\n

=> In 2022, Malaysia introduced Premium Visa Program (PVIP)<\/mark><\/strong>. The aim is to attract affluent foreign investors to invest and live in the country for a maximum of 20 years. Furthermore, those with this visa can also pursue education and buy homes or business properties.<\/p>\n\n\n\n

Visa seeker can apply their visa application and qualify for PVIP program after fulfilling following requirements – <\/strong><\/p>\n\n\n\n