Govt launches ‘Golden Visa’ to lure investors

The government launched a long-term visa scheme intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10mil (RM46.7mil) giving them a 10-year visa and access to South-East Asia’s largest economy.

The five-year “Golden Visa” requires individual investors to set up a company worth US$2.5mil (RM11.7mil), while a 10-year visa requires a US$5mil (RM23mil) investment.