Golden visa innovation policy: An alternative strategy for increasing investment

Ruhiyat M. Tolib ,Yogi Suprayogi Sugandi ,Asep Sumaryana ,Nina Karlina

doi:10.24294/jipd9257

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Golden visa innovation policy: An alternative strategy for increasing investment

Ruhiyat M. Tolib

Yogi Suprayogi Sugandi

Asep Sumaryana

Nina Karlina

Journal of Infrastructure Policy and Development 2025, 9(1); https://doi.org/10.24294/jipd9257

Submitted：23 Sept 2024

Accepted：19 Nov 2024

Published：06 Jan 2025

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Abstract

The golden visa is a regulation designed to facilitate foreign nationals through a residence permit scheme with an emphasis on investment and citizenship. This research aims to look at the development of the golden visa as an innovation policy, and find out how its implications for the flow of foreign investment into Indonesia. This research uses online research methods (ORM) to discover new facts, information and conditions through technology and internet searches. The aspects used to conduct analysis in this descriptive qualitative research are using innovation policy instruments which include regulatory, economic, financial, and soft instruments. The research findings show that the golden visa as an innovation policy has great potential to support national development through investment in priority sectors. However, its implementation needs to be done carefully with strict supervision and inclusive regulations so as to mitigate risks such as money laundering and property price inflation. That way, golden visas can encourage sustainable and inclusive economic growth through the smooth flow of incoming foreign investment.

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References

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