golden visa policy

The Golden Visa Policy is Expected to Benefit the National Economy Through Investment

Share:

The granting of the Golden Visa policy to qualified foreign nationals has begun. This policy seeks to strengthen the national economy by increasing investment in the country. Hopefully, opening this investment space will help the environment, culture, and religion, particularly in Bali.

According to Economic Observer Prof. Dr. Ida Bagus Raka Suardana, SE., MM., granting a Golden Visa positively impacted the national economy, including Bali. “The initial goal was to provide opportunities for those with money to invest in Indonesia,” Prof. Raka explained on Saturday, the 9th of September, 2023. “This is so that foreign investors with business talent can stay and see opportunities,” he added.

Read these articles for more details about the Golden Visa in Indonesia:

Prof. Raka continued, “If the Golden Visa implementation goes well, it will undoubtedly have a positive impact.” So long as the investment does not have a negative impact on the environment, culture, or religion. “For example, the digitization investment developed here is commendable. However, if the investment is to build a resort on land, that is not a good investment,” he went on to say.

This possibility, according to the National Education University (Undiknas Bali) Professor, could arise from the granting of this Golden Visa. As a result, he believes that people should pay close attention to the issuance of the Golden Visa.

Therefore, the granting of the Golden Visa must be carefully considered. Likewise, tourists or individuals who are granted this Golden Visa will not have a positive impact if they reside in unlicensed or tax-evading villas. This should be cautioned against because staying as a foreign national for 5-10 years in Indonesia may lead to not seeking residence that complies with the applicable laws, especially if the transactions or money spent within the country are minimal.

“In general, the Golden Visa policy concept is good because several countries have succeeded and a lot of investment has come in, but the investment should not harm the environment,” he concluded.

Check out the other news from Social Expat for more updates on everything in Indonesia.

A Jakarta-based content creative enthusiast who started his content-making journey by joining a school reporter community at a well-known teen magazine in Indonesia during high school in 2013. Besides writing, he also loved to listen to podcasts and watch pro wrestling shows.

Related News

Jakarta, Indonesia – As the dry season descends upon Jakarta, the city government is taking steps to mitigate the effects of lower rainfall and potentially hotter temperatures. One key measure being prepared is the deployment of water mist cannons. “Yes (to overcome) air pollution, in tall buildings like last year it was activated with ‘water […]

Bali was shocked by the news of a drug lab raid. Four people, consisting of two Ukrainian twins and a Russian citizen, were named as suspects in the drug case. The three of them were involved in a clandestine drug lab case in a villa in Canggu, Badung, Bali. A joint team of the Directorate […]

The government will encourage Bali to become a family office center or Family Office Hub. The idea emerged after being discussed at the 10th World Water Forum in Bali. Luhut said Bali would be encouraged to be like Hong Kong and Singapore, given that both are the most prominent countries with family office centers in […]

Every country has its unique way of celebrating Vesak Day. But have you ever wondered how Indonesia, with its rich cultural heritage, marks this auspicious occasion? In Indonesia, the celebration of Vesak Day is generally accompanied by the release of hundreds of lanterns into the sky. The lantern release event is routinely held at Borobudur […]