Silmi Karim, head of the immigration service at the human rights ministry, said Indonesia has launched a “golden visa” for investors. The newspaper reports Jakarta Post.
According to the publication, an individual entrepreneur needs to establish a company worth $2.5 million in order to obtain a 5-year visa, and a company worth $ 5 million in order to obtain a 10-year visa.
Institutional investors will invest $25 million in the Indonesian economy.
Prior to this the Ministry of Businesses and Products “Made in Italy” reportedItaly has suspended the Italian Investor Visa program for citizens of the Russian Federation and the Republic of Belarus.
The Italy Investor Visa golden visa program has been created for people who are not citizens of European Union countries but want to obtain a residence permit in Italy in return for investment.
Previously, the Central Bank of the Russian Federation harshly raised up to 12% key rate in an unscheduled meeting.