Indonesia's newly introduced Golden Visa program marks a pivotal moment in the nation's quest to attract foreign investors. 

This innovative initiative is tailored to entice both individual and corporate high-net-worth individuals. Contrary to the usual business visa, it offers the prospect of residing in Indonesia for extended periods of five to ten years based on the scale of their investments. 

As Indonesia asserts its position on the global stage as an alluring hub for economic expansion and prosperity, the Golden Visa program emerges as a guiding light. It paves the way for individuals and corporations keen on making substantial contributions to the nation's development and thriving business environment.

In order to be eligible, you must;

• Invest $5 million or $2.5 million in an Indonesian company to qualify for a 10-year visa.
• Invest at least $350,000 in shares, deposits, or government bonds for a 5-year visa or $700,000 for a 10-year visa.
• $25 million for a five-year visa and $50 million for a ten-year visa from a company.

You must provide,

• It is necessary to have a valid passport that is valid beyond six months than the expected stay in Indonesia.
• Accurately fill out the designated visa application form.
• Provide written documentation of your investment in Indonesia, in accordance with your chosen investment strategy.
• A thorough business plan defining your goals for your investments, your operations, and your projected contributions to Indonesia's economic development.
• A formal letter expressing your desire to invest in Indonesia and outlining your financial goals, expected returns, and resolve to abide by all applicable laws.
• A document from your native country or the nation where you are now residing attesting to your lack of criminal history, attested by the appropriate authorities.
• Authentic documentation of your ability to pay for anticipated medical costs during your stay in Indonesia through health insurance.
• Your comprehensive CV that highlights your educational background, professional experience, and other pertinent information.
• A document attesting to your residence throughout your visit to Indonesia. This could be a hotel booking, a lease, or an invitation letter from a host.

It's crucial to keep in mind that specific requirements and processes may change over time before moving on to visa processing. For the most recent information and instructions on applying for the Indonesia Golden Visa, you must contact the Indonesian embassy or consulate in your home country. 

Visa Processing Time
Depending on the complexity of your application, the volume of business at the particular embassy or consulate, and any further interviews or document verifications necessary, the processing time for visas can range from a few weeks to a few months. To account for processing and potential delays, it is suggested to apply well in advance of your anticipated vacation or investment schedule.

How to Apply
Follow this step-by-step process while applying for this visa;

• Gather the necessary paperwork and confirm that you are eligible for investing.
• Fill out the visa application form completely and truthfully.
• Send your paperwork and application to the Indonesian embassy or consulate that is closest to you.
• Wait for application processing, which could take weeks or months.

Duration
Depending on the amount of investment made, the Indonesia Golden Visa gives residency permits with either a five-year or ten-year tenure. While directors and commissioners of corporations must deposit 25 or 50 million USD, respectively, to guarantee their preferred visa period, individual investors can pick from investment alternatives starting at $350,000.

Fees
Depending on the Indonesian embassy or consulate and the kind of visa application, the processing fees for visas can vary. It's crucial to confirm the precise fees and any other costs involved in the application procedure with the specific embassy or consulate where you intend to apply for the Golden Visa. 

Can my Golden Visa be extended past the initial five or ten-year period?
Usually, Golden Visa extensions are not possible. However, if they want to extend their stay in Indonesia, visa holders can look into additional long-term visa options or avenues to permanent residency.

How much money must you invest to qualify for a Golden Visa?
Depending on the path taken, a different minimum investment is required. Individual investors could need to put up at least $350,000, while business directors and commissioners might need to put up as much as $25 million.