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05-12-2022, 10:27 AM
Cheryl Arcibal
Published: 9:30am, 5 Dec, 2022
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Officials in Jakarta have so far indicated a minimum requirement of US$130,000 in bank deposits and a tax holiday on overseas income, to rival incentives in similar schemes dangled by its regional neighbours like Malaysia and Thailand.
The scheme may give local real estate prices a boost as well as revive tourism in its popular islands like Bali.
......
Malaysia’s programme requires minimum bankable assets of 1.5 million ringgit (US$334,000) and at least 40,000 ringgit of monthly offshore income. The “second home” programme has lured over 42,000 foreigners, a third of them from mainland China and Hong Kong
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Thailand began accepting applications in September for its Long Term Residency scheme, which comes with a 10-year local residency, seeking US$27 billion of capital infusion by courting wealthy or talented foreigners over the next five years.
https://www.scmp.com/business/article/32...-investors
Published: 9:30am, 5 Dec, 2022
......
Officials in Jakarta have so far indicated a minimum requirement of US$130,000 in bank deposits and a tax holiday on overseas income, to rival incentives in similar schemes dangled by its regional neighbours like Malaysia and Thailand.
The scheme may give local real estate prices a boost as well as revive tourism in its popular islands like Bali.
......
Malaysia’s programme requires minimum bankable assets of 1.5 million ringgit (US$334,000) and at least 40,000 ringgit of monthly offshore income. The “second home” programme has lured over 42,000 foreigners, a third of them from mainland China and Hong Kong
......
Thailand began accepting applications in September for its Long Term Residency scheme, which comes with a 10-year local residency, seeking US$27 billion of capital infusion by courting wealthy or talented foreigners over the next five years.
https://www.scmp.com/business/article/32...-investors
