Golden Visa for Foreign Investors in Indonesian Economy Development

President Joko Widodo when he assumed his duties as Director General of Immigration so that it was made a priority program to be completed within 6 (six) months. Silmy said that the 6 (six) months were used to review and formulate the Golden visa policy, including changes to regulations and preparing derivative rules."From changes in Government Regulations, Ministerial Regulations, to Director General Regulations. The formulation of the golden visa policy involves many ministries," he said. Previously, Indonesian immigration regulations did not regulate visas with a 10 (ten) year stay permit. Golden visa holders are expected to enjoy a number of exclusive benefits from this type of visa. These include a longer period of stay, ease of entry and exit from Indonesia, and efficiency as there is no need to apply for ITAS at the immigration office."Once in Indonesia, they (golden visa holders) no longer need to apply for a limited stay permit (ITAS) at the immigration office," said Silmy. Indonesia is not the first country to implement golden visa. Similar policies have been implemented in various developed countries, including the United States, Canada, United Arab Emirates, Ireland.