Want to fly to Indonesia sans a visa permit? You finally can–if you’ve got a lot of money to spend or if you’re Sam Altman, CEO of OpenAI.

• Indonesia granted the 38-year-old techpreneur a golden visa permit earlier this week.
• As a holder of the golden visa, Altman will get priority screening at the country's airports, longer periods of stay, and ease of entry and exit.

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❤️ Red carpet

Going gaga for AI? So is Indonesia. 

They recently announced that they would issue golden visas for foreign investors to develop their early AI ecosystem. 

For individual investors (or founders). You need to set up a company worth $2.5M in exchange for a 5-year stay. Invest double the amount, and you can enjoy a 10-year visa!

For corporate investors (or firm directors). They need to invest $25M to get a 5-year visa, and $50M to guarantee a 10 year visa. 

Don’t want to set up a business? You need to have $350K to $700K in funds that you can pledge to Indonesian government bonds. 

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🤭 ChatGPT rizz

According to Silmy Karim, director-general of immigration, Altman was granted a 10-year visa for his reputation, as well as his potential to drive the development of AI in the country. 

"Once the holders of Golden Visa arrive in Indonesia, they no longer need to apply for a temporary stay permit at the immigration office," said Karim. 

Oh, and BTW. Altman visited Indonesia earlier this year. (We don’t know if this affected him getting a permit though). What we know for sure: he doesn’t need endure long queue in immigration anymore!

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🌍 Around the world

Hold up, Indonesia’s not the first country to introduce these golden visas. 

• The United States, Ireland, New Zealand, and Spain have also rolled out similar policies to attract more investors. 
• In SEA, we’ve got similar ones like Malaysia’s My Second Home Program, which only requires you to deposit $230K in the bank. No investment required.