Indonesia has introduced a new “Golden Visa” policy, which lets rich people and investors from other countries live in Indonesia for 5 to 10 years. Some folks like this idea, thinking it can bring money and tourists, while others are worried.
A tourism expert named Azril Azhari is concerned that this visa might make it hard for local people to afford homes because rich foreigners might buy them all. He’s also worried that it could attract bad people to Bali.
Some people say the Golden Visa won’t help regular Indonesians much. They think it’s mostly for rich foreigners and won’t create many jobs or help the local economy.
But the Indonesian government thinks it’s a good plan. They believe it will bring in foreign money and tourists, which can help everyone in the country. They also say they have strict rules to make sure only good applicants get the visa.
We’ll have to wait and see if this Golden Visa works out, but it’s clear that it has both good and bad sides.
Pros:
- It might bring in foreign money and tourists.
- It could create jobs and help the economy.
- It might make the economy more varied.
- It could attract skilled workers and business owners.
Cons:
- It might make it too expensive for locals to buy homes.
- It might attract bad people.
- It might not help the local economy much.
- Some people see it as rich foreigners taking over.