The Indonesian government’s recently-launched “second home visa” permits wealthy foreigners, professionals, investors and retirees with a minimum of $130,000 of their bank accounts to remain within the country for as much as 10 years. It’s a part of the “digital nomad” trend.
Money should purchase many things — a tasty meal, a pleasant automobile, an expensive home.
But what a few long-term stay as a digital nomad on the gorgeous Indonesian resort island of Bali? Well, for individuals with $130,000 to spare of their checking account, that might develop into a reality too.
Digital nomads are “individuals who decide to embrace a location-independent, technology-enabled lifestyle that permits them to travel and work remotely, anywhere on the earth,” in keeping with one firm that links independent consultants with clients.
As of June 2022, greater than 25 countries and territories had issued digital nomad visas to attract distant staff, whose number has increased because the pandemic began.
The Indonesian government, nevertheless, is taking a rather different approach through a “second home visa” that allows wealthy foreigners, professionals, investors and retirees to remain within the country for as much as 10 years.
Watch the video above to find out how this visa stacks up against those issued by other countries, and to learn in regards to the difficulties policymakers face in making it successful.
