Indonesia has issued a new regulation that would allow wealthy global citizens to stay in Bali for up to 10 years if they have USD130,000 in their bank accounts. The move is aimed at bolstering the growth of Southeast Asia’s largest economy with a focus on Bali. The policy takes effect on Christmas day. Indonesia now joins a list of countries from Costa Rica to Mexico offering long-term stays to lure professionals, retirees and other affluent people. In 2021, the country floated plans for a digital nomad visa, focused on attracting visitors to Bali.
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