Why Would Americans Want an Indonesian Golden Visa?
Those looking to emigrate are seeking a Plan B and the Southeast Asian nation’s fiscal discipline is increasingly attractive.
Working in paradise.
Photographer: Loop Images/Universal Images Group Editorial via Getty Images
American entrepreneur Sam Altman, the chief executive officer of OpenAI, was the first person to get a golden visa from Indonesia, a win for President Joko Widodo, who has been keen to attract foreign investments. In late August, his government introduced a new program that allows wealthy foreigners to remain in the southeast Asian nation for an extended period of time.
Under the new scheme, those wishing to stay in Indonesia for five years must invest a minimum $2.5 million in a local venture. Alternatively, one can be a passive investor, committing $350,000 to buy shares in local public companies, Indonesian government bonds, or depositing it into savings accounts.