![\"Got](\"https:\/\/c.ndtvimg.com\/2022-05\/ettb2s4o_bali-beach_625x300_07_May_22.jpg\"\/ "\\"Got")
<\/div>\nIndonesia has entered the race to attract wealthy global citizens for long-term stays. (File<\/p>\n<\/div>\n
Indonesia has entered the race to attract wealthy global citizens for long-term stays, seeking to bolster Southeast Asia’s largest economy with a focus on its trump card: Bali.<\/p>\n
The country is offering “second home” visas for five years and 10 years to those with at least 2 billion rupiah ($130,000 or Rs 1 crore) in their bank accounts, according to a new regulation issued on Tuesday. The policy takes effect on Christmas, or 60 days after the issuance of the new rule.<\/p>\n
“This is a non-fiscal incentive for certain foreigners to make a positive contribution to the Indonesian economy,” said Acting Director General for Immigration Widodo Ekatjahjana during a launch ceremony in the resort island.<\/p>\n
Indonesia adds to a list of countries from Costa Rica to Mexico offering long-term stays to lure professionals, retirees and other affluent people. All are seeking to tap into a growing demand for migration options as legions of educated workers, known as digital nomads, look to use their newfound freedom after the pandemic to keep doing their job remotely.<\/p>\n
Indonesia floated plans for a digital nomad visa in 2021, focused on attracting visitors to Bali, the nation’s top destination for international holidaymakers and a major source of foreign-currency earnings.<\/p>\n
The timing of the launch coincides with the sharp rebound in tourist arrivals to Indonesia as airlines like Garuda Indonesia resume international flights. The upcoming G-20 Summit in Bali in November is expected to put the international spotlight on the island on top of bringing in tens of thousands of delegates.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
<\/span><\/p>\nFeatured Video Of The Day<\/h3>\n