7NEWS: Bali unveils new ‘Golden Visa’ offering prolonged stays for foreigners who want to live and invest in the country
The new “Golden Visa” is a new visa category aimed at foreigners who want to live and invest in Bali.Initially, the new category was due to launch last month. However,Indonesia’s Minster for Tourism and Creative Economies, Sandiaga Uno, said the changes will come into effect by the end of this year.
Minister Uno said earlier in the year that the new visa policy was created to attract talent from around the world in the digital, health, research, and technology sectors. The Golden Visa is expected to come with a hefty price tag, though officials are yet to suggest a figure. Officials said in June they are planning on introducing new information cards for all foreigners entering the island.
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