Indonesia is introducing a brand new “second residence” visa which might entitle foreigners to remain for 5 or ten years however comes with a hefty price ticket.
Indonesia is trying to entice rich world residents for a long-term keep by attracting them to its hottest vacation spot: Bali.
This visa is open to candidates with no less than two billion Indonesian rupiahs (round R2.3 million) of their checking account as proof of funds.
‘This immigration coverage is among the non-fiscal incentives that may be a stimulus for sure foreigners to remain and contribute positively to the Indonesian financial system,’ stated Appearing Director Normal of Immigration Widodo Ekatjahjana on the launch of a second-home visa.
The visa will come into drive on 25 December and foreigners can conveniently apply for a second-home visa by means of a website-based software right here.
Image: Unsplash
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