'Golden Visa' Ministerial Decree 22/2023

[Vulgarian]

cerebral babesiosis

Reminds me of this (not safe for work):

 

[pantaiema]

GOLDEN VISA has been available on molina and evisa official Indonesian immigration websites for sometimes now. So officially people who think they could meet criteria will be able to apply. Typically it is granted for 5 or 10 years. It is available through three routes:

Global Talent E33 Index
E33A, E33B, E33C – Global Talent, world leader, typically via invitation and collaboration. There is no requirement to tie to investment. One of the people who have received the Indonesian Golden Visa is the CEO of OpenAI, Samuel Altman.

Retirement Route
E33E Silver Hair, retired person with a pension of US$3,000+ per month, deposits US$50,000 in an Indonesian state-owned bank. US$3,000+ is well above the taxable income threshold in Indonesia. The major disadvantage of this scheme is that because Indonesia taxes its residents on their worldwide income, including income and pensions earned abroad. So with this income, someone might need to pay income tax in Indonesia even if their pension is withdrawn from abroad.

Investing Route: E28B, E28C, E28D
E28B: establish company
E28C: Purchase a bunch of Bonds and Shares
E28D: Corporate Investor to Establish Branch and Subsidiaries in Indonesia

 

[centurion]

Global Talent E33 Index
E33A, E33B, E33C – Global Talent, world leader, typically via Invitation and collaboration. There is no requirement to tie to investment. One among the people who have got Indonesian Golden Visa is the CEO of OpenAI Samuel Altman

Does Samuel knows that he got the golden visa? Will he report his taxes?

 

[pantaiema]

Does Samuel knows that he got the golden visa? Will he report his taxes?

Good Question. Based on the report he is the first who got a golden visa. Whether he applied for it or granted via invitation is not clear. The Indonesian authorities might have used the opportunity to offer him an Indonesian Golden Visa when he visited Jakarta to give a talk on AI last year. He needed a clearance to enter Indonesian territory to give a talk anyway.

OpenAI CEO Sam Altman Issued Indonesia’s First ‘Golden Visa’

Introduced last week to boost economic development, the new visa allows foreigners who make substantial investments in the country to remain for up to 10 years.

time.com

"It was not immediately known whether Altman, who visited Jakarta in June to speak on artificial intelligence, applied for the visa or has plans to invest in Indonesia. "

OpenAI chief Sam Altman becomes the first to get Indonesia's 'Golden Visa'

Indonesia just launched the scheme to attract foreign investment last week.

www.cnbc.com

People like him might have a team of financial and tax advisors.
The Golden Visa is distinct from residency visas like ITAS/ITAP. Tax residency, and thus liability for global income taxes, is established only after spending 183 or more days within any 12-month period in Indonesia. Having accepted the Golden Visa offer, might be with the assistance of his advisor, he has nothing to lose as he does not need to pay any tax in Indonesia on his worldwide income until he decides otherwise. For the Indonesian government, it is a smart move for the publicity stunt of this scheme worldwide, as evidenced by a lot of media coverage regarding his Golden Visa. Also, what the Indonesian government, have got to lose even if he does not invest or pay any income taxes in Indonesia ?

The combination of AI talents and Indonesian internet censorship, too much concerns about capital flight, unnecessary economic and financial control, is ill-suited. It hinders the development of a favourable environment for individuals skilled in this field and might just turn to become a waste of talents. But the good things here is that it might be good to fight corruption in Indonesia such as via data analysis, fraud detection, whistle blower support .

 

[centurion]

Good Question. Based on the report he is the first who got a golden visa. Whether he applied for it or granted via invitation is not clear. The Indonesian authorities might have used the opportunity to offer him an Indonesian Golden Visa when he visited Jakarta to give a talk on AI last year. He needed a clearance to enter Indonesian territory to give a talk anyway.

OpenAI CEO Sam Altman Issued Indonesia’s First ‘Golden Visa’

Introduced last week to boost economic development, the new visa allows foreigners who make substantial investments in the country to remain for up to 10 years.

time.com

"It was not immediately known whether Altman, who visited Jakarta in June to speak on artificial intelligence, applied for the visa or has plans to invest in Indonesia. "

OpenAI chief Sam Altman becomes the first to get Indonesia's 'Golden Visa'

Indonesia just launched the scheme to attract foreign investment last week.

www.cnbc.com

People like him might have a team of financial and tax advisors.
The Golden Visa is distinct from residency visas like ITAS/ITAP. Tax residency, and thus liability for global income taxes, is established only after spending 183 or more days within any 12-month period in Indonesia. Having accepted the Golden Visa offer, might be with the assistance of his advisor, he has nothing to lose as he does not need to pay any tax in Indonesia on his worldwide income until he decides otherwise. For the Indonesian government, it is a smart move for the publicity stunt of this scheme worldwide, as evidenced by a lot of media coverage regarding his Golden Visa. Also, what the Indonesian government, have got to lose even if he does not invest or pay any income taxes in Indonesia ?

The combination of AI talents and Indonesian internet censorship, too much concerns about capital flight, unnecessary economic and financial control, is ill-suited. It hinders the development of a favourable environment for individuals skilled in this field and might just turn to become a waste of talents. But the good things here is that it might be good to fight corruption in Indonesia such as via data analysis, fraud detection, whistle blower support .

Maybe they gave him some paper he even does not know he got the "golden" one.

 

[Shadrach]

Maybe they gave him some paper he even does not know he got the "golden" one.

He's probably laughing all the way to the bank!

 

[snpark]

Spain plans to eliminate a “golden visa” program that allows wealthy non-European Union citizens to buy residency rights by investing 500,000 euros or more (about $540,000) in cash in real estate, Prime Minister Pedro Sánchez said.