New Investor Visa Regulations
Indonesia is becoming increasingly attractive to foreign investors. However, for those of you who are planning to invest or have already invested here, there is recent news to be aware of. The Indonesian government recently announced an increase in the minimum foreign investment threshold to IDR 10 billion.
“If not, we will revoke (investor visas),” said Immigration Director General Silmy Karim after attending the inauguration of the Autogate at the ITDC area, Nusa Dua, Badung, Bali, on Tuesday (1/10/2024).
For foreign investors who have invested less than IDR 10 billion, the government is giving them until the end of 2024 to adjust their investment. Otherwise, their visas could be revoked.
People also see: Top 5 Reasons to Visit Indonesia in 2024
The increase in the minimum investment limit is expected to have a positive impact on the Indonesian economy, such as: increasing Indonesia’s competitiveness, creating new jobs and promoting technology transfer.
The increase in the minimum foreign investment threshold is a strategic move by the government to improve the quality of investment in Indonesia. Although this policy will create challenges for some investors, it is expected to bring significant benefits to the Indonesian economy in the long run.