Indonesia has entered the race to attract wealthy global citizens for long-term stays in bolstering growth of Southeast Asia’s largest economy with a focus on its trump card: Bali.
A new “second home visa” of five years and 10 years are eligible for those possessing at least 2 billion rupiah ($130,000) 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.
