This is an effort of Indonesia to attract more foreign tourists.
The Indonesian “Second Home” visa program has recently been implemented. As a result, the holder of this visa will be able to stay in the country for ten years.
Applicants must have a net worth of 2 billion rupiah ($128,000) or a certificate of property ownership in Indonesia to be eligible for the program.
The application process for a “Second Home” visa is relatively straightforward. For a price of 3 million rupiah, visitors need to apply only once for a visa, limited stay permission and re-entry permit.
At the moment, other Southeast Asian countries, including Thailand, Cambodia, and Malaysia are competing for wealthy foreigners by issuing golden visas with stay periods of up to 20 years.
After the formal border opening on March 15, the Vietnamese government ceased providing multiple entry visas for three months or longer. So far, Vietnam has only issued 30-day entrance visas. This is said to be one of the reasons why Vietnam’s tourism has not met expectations to welcome international travelers.