Indonesia Offers ‘Golden Visa’ to Entice Foreign Investors

Indonesia Offers ‘Golden Visa’ to Entice Foreign Investors
The business district in Jakarta, Indonesia, on May 5, 2014. Beawiharta/Reuters
Reuters
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JAKARTA—Indonesia is introducing a golden visa scheme to attract foreign individual and corporate investors in an attempt to boost its national economy, a statement from the ministry of law and human rights distributed on Sunday said.

“The golden visa is granting a residence permit for an extended period of five to 10 years,” director general of immigration, Silmy Karim said in the statement.