Unlock Real Estate Investment Opportunities in Bali with Indonesia’s New Golden Visa
Indonesia has introduced its much-anticipated Golden Visa program, with the inaugural visa now issued. This initiative is designed to attract foreign investment and facilitate residency in desirable locations, such as Bali. The Golden Visa, unveiled in late 2023 by Indonesia’s Director General of Immigration, Silmy Karim, targets investors, high-net-worth individuals, and entrepreneurs who wish to live and work in Indonesia for periods ranging from 5 to 10 years. On July 25th, President Joko Widodo presented the first visa to Shin Tae-Yong, the South Korean coach of Indonesia’s national football team, during a ceremony in Jakarta. President Widodo underscored the necessity of bringing in global talent to enhance Indonesia's growth, stressing the importance of selecting high-caliber applicants who will contribute positively to the nation. He emphasized that the program is intended to deliver national benefits without compromising security. The new visa scheme has generated signifi...