Indonesia launched on Tuesday a “second home visa” program that will allow foreigners to stay and work in the country for five to 10 years. The country had announced its plans to attract more digital nomads to its shores. The purpose of the visa is to attract more foreign investors and boost tourism.
Visa applicants must show proof of a financial asset worth at least 2 billion rupiahs ($128,000), among other requirements. Applications will be accepted online.
The program’s goal is to “attract foreign tourists to Bali, and various other destinations,” acting Director General of Immigration Widodo Ekatjahjana said on the resort island, according to a press release.
The second home visa, which enables investment, among other activities, is primarily aimed at foreigners who wish to “contribute positively to the Indonesian economy,” the press release stated.
Previously, tourism minister Sandiaga Uno had said the visa could also accommodate digital nomads who wish to stay longer in Indonesia. More than 3,000 of them stayed on the island between January and August of this year to do remote work.
The new visa policy announcement Plan coincides with rising tourist arrivals and the G-20 event in the country. The policy will take effect 60 days after the issuance of the rule
By announcing it, Indonesia has entered the race to attract wealthy global citizens for long-term stays, seeking to bolster the world’s largest Muslim country with a focus on its trump card.