Bali’s new nomad visa beckons to foreigners with six-figure savings


Suspension

Indonesia is the latest country to lure foreigners looking to live abroad – but it’s best to check your bank account before planning a new life on the beaches of Bali.

Widodo Ekatagana, the country’s acting director general of immigration, announced the launch of the “Second Homeland Visa” at this week’s event in the picturesque island destination. Foreign nationals or former Indonesian citizens can stay for five or 10 years under the new visa. But there is a big problem.

To apply, visitors need to prove the equivalent of approximately $129,000 in the bank. They must also have a passport valid for at least 36 months and include a CV in their application. The policy takes effect on December 24.

It was not clear exactly who the purpose of the new visa in Indonesia was, other than the wealthy visitors. The announcement does not specify the type of activities visa holders are expected to participate in other than “investing and other activities”.

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Local media have reported that “second home” visas are expected to attract older wealthy tourists or visitors with global capital or business, but could also be an option for nomads with huge bank accounts.

“This immigration policy is one of the non-financial incentives that can be an incentive for some foreigners to stay and contribute positively to the Indonesian economy amid increasingly dynamic global economic conditions,” the Acting Director General said in the announcement.

Indonesian tourism officials announced a separate plan in September to allow digital nomads to operate for up to six months using a type of visa that previously did not allow such activity, Reuters reported.

Bali, a popular island destination based on tourism, reopened to visitors in February after being closed due to the pandemic. Between January and August, a government report said more than 1.7 million international visitors arrived in Indonesia, an increase of more than 2,000 percent compared to the same time in 2021.

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The announcement of the new visa, which came weeks before Bali is set to host the G20 summit, is the latest from a destination seeking to attract long-term visitors. According to a report by the Migration Policy Institute, more than 25 countries and territories were offering visa programs for so-called digital nomads as of June.

Portugal introduced a new visa targeting remote workers earlier this month; It is available starting Sunday. The digital nomadic visa initiative was launched in Rio de Janeiro last year, and the Costa Rica program went into effect earlier this year.