Between July 2024 and September 2025, Indonesia has issued more than 1,012 golden visa permits, securing Rp 48 trillion (approximately US$2.9 billion) in investment; most of it from foreign firms setting up shop locally through the golden visa program, according to a recent press release by the Directorate General of Immigration.
Acting Immigration Director General, Yuldi Yusman, said the figures prove just how attractive Indonesia is to foreign investors and talent.
The rollout quickly gathered momentum after the program’s launch in July 2024; immigration’s year-end report revealed Rp 9 trillion (US$540 million) in investment by the end of 2024. Interest appears to have accelerated this year, surpassing the early goal of 1,000 permits, with the program collecting US$750 million between December 2024 and September 2025.
Here’s how the money adds up since launch. Corporate investors account for nearly all inflows, contributing approximately Rp 46.5 trillion (US$2.8 billion), or about 96% of the total, primarily from foreign companies establishing subsidiaries or branches in Indonesia.
Individual investors add Rp 249 billion (US$15 million). The press release states that Rp 1.45 trillion (US$87 million) came from “other Golden Visa recipients,” without providing further details.
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The government also collected Non-Tax State Revenue (PNBP) of Rp 13 billion (US$776,000).
How Indonesia’s golden visa works
The permit is valid for five to 10 years and includes priority airport lanes, simplified immigration services, and legal certainty for investing and working in Indonesia.
To qualify, individuals can apply by investing US$350,000 for five years or US$700,000 for 10 years.
Corporate investors, on the other hand, need to invest US$25 million to secure five-year visas for directors and commissioners, or US$50 million for 10-year permits.
Then-President Joko Widodo launched the program in July 2024, aiming to attract investors, foreign nationals with specialized expertise, world figures, and the descendants of former Indonesian citizens. At the launch, Jokowi said the visas were “only for high-quality travellers,” calling for careful selection to maximize the multiplier effect for the economy.
With investment now approaching Rp 50 trillion (US$3.0 billion), officials say they will focus on maintaining standards while streamlining processes, ensuring that corporate-led commitments translate into jobs, technology transfer, and broader economic benefits.
[SRC] https://www.imidaily.com/asia-pacific/indonesias-golden-visa-draws-nearly-us3-billion-in-just-over-a-year/
