People snorkelling off the scenic coast of Les in Bali, Indonesia. - AP
BALI (Bloomberg): Indonesia has entered the race to attract wealthy global citizens for long-term stays in bolstering growth of South-East Asia’s largest economy with a focus on its trump card: Bali.
A new "second home visa” of five years and 10 years are eligible for those possessing at least two billion rupiah or US$130,000 (RM615,000) in their bank accounts, according to a new regulation issued on Tuesday. The policy takes effect on Christmas, or 60 days after the issuance of the new rule.
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