Have $130,000 in your account! You are eligible for Indonesia's new 10-year visa

Highlights for Indonesia’s new 10-year visa for tourists

• Indonesia introduces a new ‘second home visa’ for five years and ten years validity, especially for tourists
• The individuals must show proof of funds as $130,000 (2 billion rupiahs) in their bank accounts
• This new visa-related policy gets effected from Christmas or 60 days from the date of issuance of the policy
• Indonesia follows the steps of Costa Rico and Mexico by offering long-term stays to attract wealthy individuals, retirees, and professionals

Indonesia introduces new long-stay Tourist Visa

Indonesia is launching a new ‘second home visa’, whose validity is for 5-years and 10 years. Candidates need to have a minimum of $130,000 or 2 billion rupiah in their bank accounts, then they will be considered eligible for this new visa. The visa policy will effective 60 days after the announcement of the new rule or from Christmas. Indonesia’s this step will lead it to the race in getting wealthy foreigners to the country by using Bali as its trump card. This will help in gaining positive contributions toward the Indonesian economy by foreign nationals. Countries like Mexico and Costa Rica have offered this kind of long-term stay to attract wealthy foreign nationals, professionals, and retirees as well.

 

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Previous announcements of Indonesia

• Indonesia announced a digital nomad visa during the final quarter of 2021 by focusing to attract tourists to Bali. Bali has been experiencing high crowds of tourists since October 14, 2021. This step slowly rejuvenated Indonesia’s economy.
• Indonesia introduced Visa on Arrival (VOA) scheme for 72 nations including India on March 7, 2022. This also leads to a positive contribution to the local economy.

Do you plan to visit Indonesia? Get assistance from Y-Axis expert overseas immigration consultant  Found this artile interesting?

 

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