Balis Golden Visa set to launch by end of 2023
Indonesian officials announced the country will launch a “Golden Visa” with the hopes it will help boost the economy — but it’s not for everyone.
The new visa category is aimed at foreigners who want to live and invest in Bali — it’s a residency-by-investment style policy for those who wish to make Indonesia their second home while making a financial contribution.
It will allow those who are eligible prolonged stays of five-to-10 years.
The new style visa was due to launch last month, but according to The Bali Sun, policy adjustments and other administrative changes have delayed the launch.
Indonesia’s Minster for Tourism and Creative Economies, Sandiaga Uno, said it will instead be rolled out by the end of this year.
“We want to make sure that the Golden Visa offer is attractive for foreign tourists to invest and stay longer in Indonesia,” he told reporters this week at a press conference.
“We hope for certainty (launch) before the end of the third quarter.”
He previously said its aim is to attract ”talented foreigners” working in areas such as digital technology (seeking to invest in Indonesia), healthcare professionals seeking to live in the country and those in property, with a high-net-worth and sufficient savings.
MR Uno is on a mission to create 4.4 million new jobs in tourism and creative economies by 2024.
He also suggested that those on the Golden Visa would be able to fast-track citizenship applications should that be of interest in the long term.
he said other exclusive benefits include easier and faster processes for visa applications and the right to own assets within the country.
The visa is expected to come with a hefty price tag, although details of the figure are yet to be revealed.
Officials recently launched a Second Home Visa (a non-work visa) in Bali which also targets high-net worth individuals who wish to live and invest serious amounts of cash into the country.
It comes as leaders explore new ways to encourage more “high quality and high spending” tourism.
Last month, Balinese officials introduced a new task force to crack down on badly behaved tourists.
“We hope that with the formation of the Bali Becik Task Force, the level of violations of laws and norms by foreigners in Bali will decrease,” director general of immigration Silmy Karimhe said in a statement.
He said it follows the issuance of 12 Obligations and 8 Prohibitions for Foreigners by the Provincial Government of Bali — referencing the list tourists must follow or risk having their visas cancelled.
Mr Karim said the new task force has a target of 100 immigration control operations every month, adding it will be conducted in such a way that tourism will not be disturbed.
“In the implementation, of course, we also synergise with the apparatuses and other relevant agencies. With this task force, I hope Bali Becik can really come true,” he explained.
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The task force will be in effect until December 31, 2023.
Meanwhile, at least five foreigners were deported from Bali in July.
It serves as a reminder for Australians to be mindful travellers as the crackdown on unruly tourists in the holiday hotspot continues.
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