The Golden Visa is targeted at quality investors, with the requirements becoming more stringent the longer the stay in Indonesia. It is unclear whether Altman applied for the visa or was granted it based on his international reputation and potential benefits to Indonesia. Altman, who visited Jakarta in June to speak on AI developments, was prioritized for the visa due to his international reputation as the head of an AI research and development company. Similar visas have been introduced in other countries, including the U.S., Ireland, New Zealand, the UAE, and Spain.
Key takeaways:
- Indonesia has issued its first "Golden Visa" to OpenAI CEO Sam Altman, a visa program aimed at attracting foreign investors who have impacted the country's economic development.
- The visa allows recipients to live in the country for five to ten years, with fast-tracked immigration services, priority screening at airports, and easier entry and exit without the need for a temporary stay permit.
- Investors who make a $25 million investment are eligible for a five-year stay golden visa, while those who invest $50 million will be entitled to a 10-year stay visa.
- Other countries including the U.S., Ireland, New Zealand, the UAE, and Spain have introduced similar visas, and Indonesia hopes to see a positive impact from this policy, similar to the success seen in Denmark and the UAE.