Indonesia launches 10-year visa for tourists
A new “second home visa” of five years and 10 years are eligible for those possessing at least 2 billion rupiah ($130,000) in their bank accounts, according to a new regulation issued on Tuesday. The policy takes effect on Christmas, or 60 days after the issuance of the new rule.
Indonesia has entered the race to attract wealthy foreigners into the country using its trump card: Bali.
The country has introduced a new “second home visa” of five years and 10 years for those possessing at least IDR 2 billion (USD 130,000) in their bank accounts.
The policy will take effect on Christmas. “This a non-fiscal incentive for certain foreigners to make a positive contribution to the Indonesian economy,” said Acting Director General for Immigration Widodo Ekatjahjana during a launch ceremony in the resort island.
Indonesia joins the likes of countries like Costa Rica and Mexico - offering long-term stays to lure professionals, retirees and other wealthy people.
Indonesia floated plans for a digital nomad visa in 2021, focused on attracting visitors to Bali.
Bali gradually began reopening to international tourists on October 14 of last year, and the Indonesian government has been looking to reinvigorate the local economy further by removing restrictions and adding more perks for travellers.
The Indonesian government lifted most of its travel restrictions and implemented a quarantine-free trial period and a Visa On Arrival (VOA) scheme on March 7, 2022 for 72 nations, including India.