Jul 26, 2024 02:50 PM

WORLD

Indonesia Launches ‘Golden Visa’ Program to Attract Business Investment

By Ismi Damayanti

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Indonesian President Joko Widodo (left) hands a

Indonesian President Joko Widodo (left) hands a "golden visa" certificate to Shin Tae-yong, the South Korean coach of Indonesia's national soccer team, in Jakarta on Thursday. Photo: Ismi Damayanti

(Nikkei Asia) — Indonesia has launched a “golden visa” that allows investors and professionals with coveted skills to stay in the country for five or 10 years.

“The golden visa will ease foreigners’ investments and contributions in Indonesia as well as attract more quality travelers who will invest and be productive while staying,” Indonesian President Joko “Jokowi” Widodo said on Thursday while launching the program.

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