Indonesia is making every effort to attract wealthy foreigners to the country, with a focus on long-term stays – ten-year visa – in Bali and other destinations.
For this purpose, Indonesia has implemented the Second Home Visa program, which allows foreign tourists to stay and work in the country for 5 to 10 years. But there’s a catch! According to reports, the new five-year and ten-year visas will be available to those who have at least 2 billion rupiah ($130,000) in their bank accounts.
According to reports, the policy will go into effect around Christmas. During a launch ceremony on the resort island, acting Director General for Immigration Widodo Ekatjahjana stated that this is a non-financial incentive for certain foreigners who will be capable of making a positive contribution to the Indonesian economy.
With this, Indonesia joins countries such as Costa Rica and Mexico in enticing professionals, retirees, and other wealthy people to stay for an extended period of time.
In addition, Indonesia announced plans for a digital nomad visa in 2021, with the goal of attracting visitors to Bali. On October 14, last year, this popular tourist destination gradually reopened to international tourists, while the Indonesian government has been looking to boost the local economy further by removing restrictions and adding more perks for visitors.
As previously reported, on March 7, 2022, the Indonesian government lifted most travel restrictions and implemented a quarantine-free trial period as well as a Visa On Arrival (VOA) scheme for 72 nations.