Govt to Tighten Screening over Foreign Investors’ Asset, Commitment

By Editorial Team 26/05/2023
Summary

The government will tighten the screening over visa requirements for foreign investors. Director General of Immigration at the Ministry of Law and Human Rights Silmy Karim said that the ministry will be issuing stricter requirements regarding residence permits for foreign nationals.

"We plan to amend the residence permit visa, which currently has a validity of up to ten years. The visa will be exclusively targeted at high-quality investors with a specific investment value and an excellent track record," Silmy said on Thursday.

The regulation modification proposal will be submitted to President Joko Widodo immediate. "Once we receive the President's decision and guidance, we will proceed with the revision of Government Regulation No.31/2013," he said. The regulation serves as technical guidance under Law No. 6/2011 on immigration, encompassing the criteria for issuing visas and residence permits.

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