In a move aimed at attracting foreign investors to Southeast Asia’s largest economy, the Chief Executive Officer of OpenAI, Sam Altman, has become the first recipient of Indonesia’s golden visa.
The Indonesian immigration authority granted Altman a 10-year visa, citing his “international reputation and potential benefits to Indonesia,” as stated by Immigration Director General Silmy Karim in a recent press release.
As the co-founder of the company behind ChatGPT, Altman will enjoy a range of privileges, including priority security screening at airports, extended stay periods, and simplified entry and exit procedures.
Introduced just last week to stimulate economic development, the new visa program offers foreign investors the opportunity to reside in Indonesia for a period of five to ten years based on their substantial investments in the country.
For instance, individuals who invest a minimum of $350,000 in shares of local public companies, savings accounts, or government bonds are eligible for a five-year stay.
It remains unclear whether Altman, who visited Jakarta in June to deliver a speech on artificial intelligence, applied for the visa with specific investment plans in mind.
This move by Indonesia underscores the nation’s commitment to attracting foreign investment and fostering economic growth. As the world watches, Altman’s acceptance of the golden visa signifies a significant step towards strengthening international ties and promoting collaboration between OpenAI and the Indonesian tech ecosystem.
For more details on Indonesia’s new Golden Visa program, please read our previous coverage: “Indonesia Introduces Golden Visa to Draw Foreign Investors.”
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