Golden Visa and Possible Implementation in Indonesia

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Indonesia Sport, Music and Art Visa, What Are They?", "Knowing the Terms of Visiting Visa in Indonesia", you may read also "Knowing KITAS (Limited Stay Permit Card) In Indonesia" and on this occasion we will discuss about 'Golden Visa: Advantages, Disadvantages, and Possible Implementation in Indonesia'.

After the COVID-19 pandemic, the Indonesian economy has succeeded in showing its resilience, marked by economic growth in 2022 reaching 5.31 percent. This value is higher than economic growth in 2021 which reached 3.70 percent. Realization of foreign direct investment (PMA) also managed to reach IDR 654.4 trillion. The flow of investment into Indonesia will certainly bring in new capital to help finance development, create jobs and transfer technology. Realizing the importance of investment for the stability of the Indonesian economy, President Joko Widodo has made efforts to increase the entry of foreign investment into Indonesia. One of the efforts being considered to attract foreign investors is the plan to implement the Golden Visa policy. Currently, plans for implementing the Golden Visa policy are still being formulated by the relevant ministries/institutions, after previously discussing them with the President. In his thanksgiving speech for the 73rd Immigration Service Day on January 26 2023, the Minister of Law and Human Rights (HAM) specifically asked the ranks of the Directorate General of Immigration to carry out thorough research and make comparisons with other countries before determining the Golden Visa policy.[1]

General Description of Golden Visa

Based on the OECD definition, the Residency by Investment and Citizenship by Investment schemes, or often referred to as 'Golden Visa' and 'Golden Passport", are policies implemented by a country through a mechanism for providing permit facilities. residence or citizenship for foreign nationals (WNA) through investment or paying certain fees. Several countries use various terms in naming the Golden Visa. Indonesia could use other terms, for example Visa or Limited Stay Permit. Golden Visa holders will enjoy exclusive benefits that are not received by visa holders in general, including easier and faster procedures and requirements for visa applications and immigration matters, mobility with multiple entries, longer stay periods, the right to own assets in the country, as well as being a fast track route for applying for citizenship.[2]

The Golden Visa scheme is expected to attract more foreign investment in various instruments, whether in investment funds, government bonds, company shares or property. In 2018, Transparency International conducted a study and estimated that in the 2008-2018 period, the European Union received around EUR 25 billion (Rp. 407 trillion) in the form of PMA thanks to the implementation of the Golden Visa scheme in its member countries. Although the Golden Visa is associated with investor visas, some countries also open opportunities for non-investor individuals with special skills to obtain a Golden Visa.[3]

By 2022, it is estimated that more than 60 countries will have implemented investment-based residency and citizenship policies. The practice of granting residence permits and investment-based citizenship was first carried out by the country of Saint Kitts & Nevis, a small country with two islands in the Caribbean region, in 1984. By providing a minimum donation of 150 thousand US dollars (Rp. 2.2 billion) to the Sustainable Growth Fund instrument or have investments in the real estate sector worth at least 200 thousand US dollars (Rp. 3 billion), a foreigner can obtain Saint Kitts & Nevis citizenship. In 1986 Canada began implementing a policy of granting investment-based residence permits through the Immigrant Investor Program (this program was discontinued in 2014), followed by the United States in 1990. The United States, through the EB-5 Immigrant Investor Program, provides conditional residence permits for 2 years and can be extended for foreign investors with a minimum investment value of 1.05 million US dollars (Rp. 16 billion).[4]

The global financial crisis that occurred in 2007-2008 made the practice of granting Golden Visas increasingly common among European countries in the context of economic recovery. The Spanish government through the Investor Visa provides residence permits for investors who (i) make an investment of 500 thousand euros (Rp. 8 billion) in the real estate sector, (ii) hold company shares or bank deposits with a minimum value of 1 million euros (Rp. 16 billion), ( iii) invest in government bonds of at least 2 million euros (Rp. 32 billion); or (iv) starting a specific type of business in Spain that creates jobs, has a socio-economic impact on local communities, or provides technology transfer.[5]

Not only countries in the Americas and Europe have the Golden Visa program, developing countries in the Asia Pacific and Africa regions also see the Golden Visa as an opportunity to boost incoming foreign investment. The United Arab Emirates (PEA) government provides Golden Visas for 5 or 10 year residence permits for investors, entrepreneurs, humanitarian workers, outstanding students and graduates, as well as individuals with special skills such as doctors, scientists or arts workers. The Thai government, through the Elite Residence Program, provides exclusive residence permits to foreigners for 5 years by paying a fee of 600 thousand baht (Rp. 265 million) or for 20 years by paying a fee of 1 million baht (Rp. 442 million).[6]

Negative Impacts That May Arise

For countries that implement the Golden Visa granting policy, this policy provides economic and fiscal benefits through encouraging private sector investment and increasing state fiscal revenues. However, granting a Golden Visa also does not rule out the possibility of negative implications, particularly causing fiscal and macroeconomic risks such as rapid economic fluctuations (boom and bust cycles) and property bubbles. Investment flows coming from the Golden Visa granting mechanism tend to be vulnerable and easily influenced by external factors, for example if a more attractive investment scheme is offered by another country, it does not rule out the possibility that investors will withdraw their investment from one country and move their investment to another country. which has a more attractive investment scheme.[7]

The policy of granting residence permits and investment-based citizenship has also received criticism because the policy is associated with selling citizenship. International law recognizes two principles related to citizenship, namely jus soli (citizenship is determined by place of birth) and jus sanguinis (citizenship is determined by blood ties). Granting citizenship based on investment is considered to deviate from these two principles.[8]

Apart from that, the Golden Visa scheme also poses a risk of misuse of residence and business permits, tax evasion, money laundering and funding of terrorist groups.[9] The negative implications of the policy of granting residence permits and investment-based citizenship are also not only worried by the granting country, but also by third party countries. In January 2022, the European Commission proposed terminating the bilateral agreement regarding the visa-free program with Vanuatu due to abuse of Vanuatu's Citizenship by Investment Program. To attract investors, the Vanuatu government is promoting the Citizenship by Investment program with the promise of providing visa-free access to the European Union, even though the bilateral agreement between the European Union and Vanuatu is not intended to provide an opportunity for foreigners who obtain Vanuatu citizenship to avoid the Union's visa requirements. Europe.[10]

Possible Implementation of the Golden Visa in Indonesia

Based on Law (UU) Number 6 of 2011 concerning Immigration and Government Regulation (PP) Number 31 of 2013 and its amendments, as well as Permenkumham Number 29 of 2021 concerning Visas and Stay Permits, foreigners who make foreign investments in Indonesian territory can apply for a Visa Limited Stay and Limited Stay Permit. The Ministry of Law and Human Rights has officially implemented the Second Home Visa as a form of new facility for global investors who wish to stay longer in Indonesia. A Second Home Visa is given to foreigners to stay in Indonesian territory for a period of 5 years or 10 years. Foreigners holding a Second Home Visa can carry out activities, including as investors, tourists and elderly/retired tourists. A Second Home Visa can also be applied for family members of the main Second Home Visa holder, namely children, husband/wife, or parents.[11]

Based on regulations at the level of the Directorate General of Immigration, Ministry of Law and Human Rights, applications for Visas and Limited Stay Permits for Second Homes are submitted by Foreigners or Guarantors by attaching Proof of Funds in the form of (i) an account belonging to the foreigner concerned at a State-Owned Bank with a value of at least IDR 2 billion or proof of property ownership in Indonesia in the luxury category. The fee charged for applying for a Second Home Visa is IDR 3 million per person for the Main Visa Holder and IDR 2 million per person for participating family members. Regarding plans to implement the Golden Visa policy, Indonesia is currently reviewing so that the Golden Visa policy can perfect the Second Home Visa policy that has been launched, and is expected to attract international target investors and business people, global talents and elderly international tourists who meet the requirements. It is hoped that the Golden Visa can become a 'golden ticket' for potential individuals from various countries to develop their capital and abilities in order to help increase employment opportunities and develop Indonesia's national economy.[12]

And if you have any legal issue in Indonesia territory, contact us then, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Golden Visa: Keuntungan, Kerugian, dan Kemungkinan Penerapannya di Indonesia", https://setkab.go.id/, Lusia Novita Sari, 2 April 2023, Diakses pada tanggal 8 Maret 2024, Link: https://setkab.go.id/golden-visa-keuntungan-kerugian-dan-kemungkinan-penerapannya-di-indonesia/ 

2. Ibid.

3. Ibid.

4. Ibid.

5. Ibid.

6. Ibid.

7. Ibid.

8. Ibid.

9. Ibid.

10. Ibid.

11. Ibid.

12. Ibid.

Indonesia Sport, Music and Art Visa, What Are They?

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Contoh Perjanjian Konsinyasi Sederhana", "Contoh Surat Penawaran Jasa Hukum", you may read also "Contoh Surat Pernyataan Melamar CPNS" and on this occasion we will discuss about 'Indonesia Sport, Music and Art Visa, What Are They?'.

The Directorate General of Immigration issues sports visas and music and art visas. It is believed that this method can make international events more intensively held in Indonesia. The visa is for sports activities, as well as music and arts performances. Applications for sport visas and music and art visas are made online via the evisa.imigration.go.id page.[1]

"We are taking this momentum. Soon many international events will be held. In October we have MotoGP, in November we have the Coldplay Concert, the U-17 World Cup. We are simplifying the visa requirements for sports and music and art visas so that Indonesia becomes a destination country that is taken into account for sporting events. and international music," said the Director General of Immigration, Silmy Karim, quoted in a press release.[2]

Silmy added that the Directorate General of Immigration was simplifying visa application requirements for foreign athletes and artists. In the future, official athlete teams, event organizers or international artist promoters will no longer need to attach labor permits, Police Record Certificates (SKCK) or certificates of at least five years of work experience.[3]

Silmy said this step was based on the consideration that foreign athletes and artists only have activities in Indonesia for a short time. Moreover, the context of work carried out by foreign athletes and artists does not have a competitive effect on local workers. Silmy is optimistic that by simplifying these requirements, Indonesia can hold more sporting events or music performances on an international scale. Reflecting on the success of the 2018 ASIAN Games event, Silmy hopes that Indonesia will become a magnet for foreign tourists to come to watch international sports matches and music concerts in Indonesia.[4] And if you have any legal issue in Indonesia territory, contact us then, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Imigrasi Terbitkan Visa Sport dan Visa Music and Art, Apa Itu?", travel.detik.com, Syanti Mustika, Diakses pada tanggal 3 November 2023, Link: https://travel.detik.com/travel-news/d-6934006/ditjen-imigrasi-terbitkan-visa-sport-dan-visa-music-and-art-apa-itu 

2. Ibid.

3. Ibid.

4. Ibid.

Contoh Perjanjian Konsinyasi Sederhana

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Oleh:

Tim Hukumindo

Pada kesempatan yang lalu platform www.hukumindo.com telah membahas mengenai "Contoh Surat Penawaran Jasa Hukum", "Contoh Surat Kuasa Pendaftaran Paten, Bilingual" dan "Contoh Surat Pernyataan Melamar CPNS", pada kesempatan ini akan dibahas mengenai 'Contoh Perjanjian Konsinyasi Sederhana'.

SURAT PERJANJIAN KERJA SAMA

Yang bertanda tangan di bawah ini:

Nama   : Satya

Alamat : Jalan Anggrek Raya No.11, Kota Bandung.

Selanjutnya disebut sebagai "Pihak Pertama".

Nama   : Anjani

Alamat : Jalan Mawar Melati No. 2, Jakarta Selatan.

Selanjutnya disebut sebagai "Pihak Kedua".

Pihak pertama dan kedua dinyatakan memiliki perjanjian kerja sama dengan ketentuan seperti berikut ini:

1. PIHAK PERTAMA menitipkan barang dagangan berupa “Bolu Kekinian” kepada PIHAK KEDUA dengan sistem konsinyasi;
2. PIHAK KEDUA akan mendapatkan pembagian keuntungan sebesar 15% dari penjualan barang titipan PIHAK PERTAMA;
3. Jumlah maksimal penitipan Bolu Kekinian PIHAK PERTAMA kepada PIHAK KEDUA adalah 500 kotak setiap minggu;
4. Pengiriman barang ke tempat PIHAK KEDUA menjadi tanggung jawab PIHAK PERTAMA;
5. PIHAK PERTAMA akan membantu promosi untuk penjualan bolu PIHAK KEDUA;
6. PIHAK KEDUA wajib melaporkan hasil penjualan kepada PIHAK PERTAMA setiap bulan. Pada awal bulan selanjutnya, laporan disertai dengan penyerahan laba sebesar 85% dari omzet penjualan kepada PIHAK PERTAMA.

Demikian surat perjanjian kerja sama ini dibuat untuk menjadi ikatan antara kedua belah pihak.

Segala sesuatu yang belum tercantum dalam perjanjian ini, akan dibahas bersama antara pihak pertama maupun pihak kedua di kemudian hari. Setelah disepakati, maka akan menjadi addendum pada perjanjian ini secara otomatis.

Surat perjanjian ini kami buat dengan kesadaran penuh dan tidak adanya paksaan dari pihak lain. Adapun jika terjadi perselisihan selama pelaksanaan perjanjian, maka akan diselesaikan secara kekeluargaan terlebih dahulu.

Akan tetapi, jika masalah tersebut tidak mendapatkan titik temu antara kedua pihak, maka selanjutnya akan diselesaikan secara hukum.

Bandung, 11 November 2022

Pihak Pertama                                                 Pihak Kedua

Materai Rp. 10.000,-

Ttd.

(Satya)                                                            (Anjani)

____________________

Reference:

1. "Contoh Surat Pernyataan Perjanjian Kerja Sama, gambar & DOCX", www.iuwashplus.or.id., Diakses pada tanggal 6 Agustus 2023, Link: https://www.iuwashplus.or.id/contoh-surat-pernyataan-perjanjian-kerja/

Contoh Surat Penawaran Jasa Hukum

 

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Oleh:

Tim Hukumindo

Pada kesempatan yang lalu platform www.hukumindo.com telah membahas mengenai "Contoh Surat Pernyataan Melamar CPNS", "Contoh Surat Penyataan Untuk Permohonan Izin Reklame" dan "Contoh Surat Kuasa Pendaftaran Paten, Bilingual", pada kesempatan ini akan dibahas mengenai 'Contoh Surat Penawaran Jasa Hukum'.

Jakarta, _____, __________ 2023

Perihal: Penawaran Jasa Konsultan Hukum

Kepada Yth.,

PT. _________________________

_____________________________

_____________________________

_______________

Dengan hormat,

Sebelumnya perkenalkanlah kami, ____________________, S.H., Advokat pada kantor hukum ______________________________, berdomisili di ____________________________________________, dengan ini hendak mengajukan penawaran Jasa Konsultan Hukum kepada perusahaan yang Bapak/Ibu pimpin. Adapun ruang lingkup Jasa Konsultan Hukum yang kami berikan adalah sebagaimana yang kami jelaskan dibawah ini.

RUANG LINGKUP

Untuk memenuhi kebutuhan hukum Perusahaan yang Bapak/Ibu pimpin, kami menawarkan Jasa Konsultan Hukum dengan ruang lingkup sebagai berikut:

1. Legal Opini

Konsultan akan memberikan Opini Hukum (Legal Opinion) kepada Perusahaan dalam menjalankan aktivitas bisnisnya, yaitu yang meliputi isu-isu hukum yang berkaitan dengan tindakan hukum perusahaan (corporate action), kontrak bisnis, ketenagakerjaan/perburuhan dan hukum pidana. 

2. Legal Due Diligence

Konsultan akan melakukan pemeriksaan dari segi hukum (Legal Due Diligence) terhadap aktivitas bisnis perusahaan, yaitu yang meliputi namun tidak terbatas pada penjelasan hukum terhadap pemeriksaan dokumen, pemeriksaan terhadap legalitas suatu badan hukum dan/atau badan usaha, pemeriksaan terhadap tingkat kepatuhan perusahaan dan pemeriksaan hukum atas kebijakan perusahaan.

3. Pendampingan Hukum 

Konsultan akan melakukan pendampingan hukum kepada perusahaan dalam melakukan berbagai negosiasi dengan pihak ketiga, khususnya negosiasi dalam rangka penyusunan kontrak bisnis serta perselisihan yang timbul dari kontrak-kontrak perusahaan.

4. Litigasi

Konsultan akan memberikan bantuan hukum berupa penanganan kasus-kasus litigasi yang melibatkan perusahaan, baik sebagai saksi, pemohon, termohon, penggugat maupun tergugat dalam perkara-perkara perdata serta sebagai pelapor, tersangka dan terdakawa serta saksi dalam perkara-perkara pidana.          

Jasa Konsultan Hukum tersebut diberikan kepada Perusahaan dalam bentuk baik lisan maupun tertulis, secara tatap muka maupun dengan menggunakan sarana komunikasi lainnya yang disepakati bersama diantara Konsultan dan Perusahaan.     

JANGKA WAKTU

Kerja sama Jasa Konsultan Hukum ini dilakukan berdasarkan perjanjian dengan jangka waktu 1 (satu) tahun yang dapat diperpanjang berdasarkan kesepakatan bersama diantara Konsultan dan Perusahaan.

HONORARIUM

Atas Jasa Konsultan Hukum yang diberikan, Perusahaan wajib melakukan pembayaran honorarium kepada Konsultan dalam bentuk retainer fee sebesar Rp. ___________________ (______________________ rupiah) per-bulan.

Demikian penawaran Jasa Konsultan Hukum ini kami ajukan. Apabila ada informasi yang perlu diketahui lebih lanjut berkaitan dengan surat penawaran ini maka Bapak/Ibu dapat menghubungi kantor kami yang beralamat di ________________________________________________ atau melalui telepon di nomor ______________________ atau email ke __________________.  

Hormat Kami,

Ttd.

_____________________, S.H.

____________________

Reference:

1. "Contoh Surat Penawaran Jasa Konsultan Hukum Perusahaan (Retainer)", www.legalakses.com., Diakses pada tanggal 6 Agustus 2023, Link: https://www.legalakses.com/contoh-surat-penawaran-jasa-konsultan-hukum-perusahaan-retainer/

Contoh Surat Pernyataan Melamar CPNS

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Oleh:

Tim Hukumindo

Pada kesempatan yang lalu platform www.hukumindo.com telah membahas mengenai "Contoh Surat Pernyataan Kebenaran Dokumen", "Contoh Surat Penyataan Untuk Permohonan Izin Reklame" dan "Stages of Obtaining Indonesian Citizenship", pada kesempatan ini akan dibahas mengenai 'Contoh Surat Pernyataan Melamar CPNS'.

SURAT PERNYATAAN

Yang bertanda tangan dibawah ini :

Nama :

Tempat dan tanggal lahir :

Agama :

Alamat :

Dengan ini menyatakan dengan sesungguhnya, bahwa saya :

1. Tidak pernah dipidana dengan pidana penjara berdasarkan keputusan pengadilan yang telah mempunyai kekuatan hukum yang tetap karena melakukan tindak pidana kejahatan;

2. Tidak pernah diberhentikan dengan hormat tidak atas permintaan sendiri atau tidak dengan hormat sebagai Calon PNS atau PNS, prajurit Tentara Nasional Indonesia, anggota Kepolisian Negara Republik Indonesia, atau diberhentikan tidak dengan hormat sebagai pegawai swasta (termasuk pegawai Badan Usaha Milik Negara atau Badan Usaha Milik Daerah);

3. Tidak berkedudukan sebagai Calon PNS, PNS, prajurit Tentara Nasional Indonesia, atau anggota Kepolisian Negara Republik Indonesia;

4. Tidak menjadi anggota atau pengurus partai politik atau terlibat politik praktis;

5. Bersedia ditempatkan di seluruh Wilayah Negara Kesatuan Republik Indonesia atau negara lain yang ditentukan oleh instansi pemerintah.

Demikian pernyataan ini saya buat dengan sesungguhnya, dan saya bersedia dituntut di pengadilan serta bersedia menerima segala tindakan yang diambil oleh Instansi Pemerintah, apabila dikemudian hari terbukti pernyataan saya ini tidak benar.

................, …….…………. 202....

Yang membuat pernyataan,

Materai Rp.10000,- & ditandatangani

(Nama)

____________________

Reference:

1. "Surat Pernyataan 5 Point CPNS", web.kominfo.go.id., Diakses pada tanggal 6 Agustus 2023, Link: https://web.kominfo.go.id/sites/default/files/users/12/Surat%20Pernyataan%205%20Poin%20CPNS%202018.pdf

Contoh Surat Pernyataan Kebenaran Dokumen

 

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Oleh:

Tim Hukumindo

Pada kesempatan yang lalu platform www.hukumindo.com telah membahas mengenai "A Man In Surabaya Jailed For Stealing His Own Car", "Contoh Surat Penyataan Untuk Permohonan Izin Reklame" dan "Stages of Obtaining Indonesian Citizenship", pada kesempatan ini akan dibahas mengenai 'Contoh Surat Pernyataan Kebenaran Dokumen'.

SURAT PERNYATAAN KEBENARAN DOKUMEN

Yang bertanda tangan dibawah ini :

    

    Nama/Gelar : .......................

    Tempat, Tanggal Lahir : .......................

    Nomor KTP/Identitas : 3276062211860001 (contoh)

    Pendidikan Terakhir : S-1 (Sistem Informasi)/D-III (Akuntansi)  

    Universitas ………. (contoh)

    Jabatan yang dilamar : ......................... 

    Jenis Kelamin : .........................

    Agama : .........................

    Alamat : ..........................

Bersama ini saya menyatakan bahwa dokumen yang saya unggah dalam rangka seleksi CPNS Kementerian Koordinator Bidang Politik, Hukum, dan Keamanan melalui portal resmi https://sscasn.bkn.go.id adalah benar. Apabila dikemudian hari ditemukan dokumen yang tidak benar, maka saya menerima keputusan panitia membatalkan keikutsertaan/ kelulusan saya pada seleksi CPNS Kementerian Koordinator Bidang Politik, Hukum, dan Keamanan Tahun Anggaran 2019. Atas perhatiannya diucapkan terima kasih.

Jakarta, ….. November 2019

Yang membuat pernyataan

Meterai Rp. 10.000,-

ditandatangani

(Nama/Gelar)

____________________

Reference:

1. "SURAT PERNYATAAN KEBENARAN DOKUMEN CPNS KEMENKO POLHUKAM TA 2019", polkam.go.id., Diakses pada tanggal 6 Agustus 2023, Link: https://polkam.go.id/konten/unggahan/2019/11/SURAT-PERNYATAAN-KEBENARAN-DOKUMEN-CPNS-KEMENKO-POLHUKAM-TA-2019.doc