Indonesia proposes 5-year business visa for investors, digital nomads

Indonesia has been a favorite destination for digital nomads and other short-term visitors. However, the country may soon make it easier for international business travelers to settle and stay for a long time.

On February 8, the Indonesian Minister of Tourism, Sandiaga Salahudin Uno, announced plans for a five-year visa this will encourage business-minded tourists to stay and invest in the country’s economy.

According to the proposed visa, foreign visitors who make a deposit of $ 142,300 USD per individual or $ 178,000 USD per family would have the right to live and do business in Indonesia for up to 60 months. The visa may be renewed at the end of its term.

According to Sandiaga, the concept is designed to attract digital nomads, entrepreneurs and investors who want to stay in Indonesia for at least three or four months a year. For example, foreigners from colder climates can make tropical places like Bali, Batam or Bintan their “second home” for the winter, he said.

Sandiaga said he hoped the plan, which he discussed with law and human rights minister Yasonna Laoly, will help boost the country’s tourism industry once the COVID-19 pandemic is under control.

He also said that the new program would encourage digital nomads to stop using tourist visas to work in the country.

Under current rules, international visitors can enter Indonesia without a visa and stay for up to 30 days. Those planning to stay longer must apply for a 30-day tourist visa on arrival and extend it for up to 60 days.

After 60 days, visitors must make a “visa run”, which means that they have to go through the uncomfortable process of leaving the country and applying for another visa when they return.

The proposed five-year visa would put an end to this hassle for digital professionals and other international entrepreneurs who wish to live part-time in Indonesia.

It shouldn’t be too difficult to sell. Bali’s low cost of living, warm climate, culture and spacious coworking spaces have been attracting digital nomads for years, and many of them would likely enjoy the chance to stay long.

The pandemic has also greatly increased the global pool of remote workers, so that more people than ever are free to travel while working or moving elsewhere on the planet.

Indonesia can be an attractive place for business savvy explorers to land. According to data from the world Bank, the country’s economy, which today is the tenth largest in the world, is strong and growing. Although it experienced a slight drop in 2020 due to the pandemic, it is projected to grow by about 4.4% in 2021.

In 2050, Indonesia is expected to be the fourth largest economy in the world, according to a PwC Global report.

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