Today's (16 Jan) Bali Daily has an article headed 'Senior tourist residences to be designed'. The Governor and his team (BRTA) are extolling the idea of building special residences for senior tourists. They have seen this development in other countries, including the Philippines and Malaysia, and wish to compete in the upcoming ASEAN Economic Development Communuity 2015.
What I think the Governer needs first is to explore the Indonesian visa requirements for foreign/tourist retirees, before spending money on retirement residences.
I'm familiar with Make Malaysia Your Second Home (MM2H) where they issue a 10 year renewable visa with 'in and out' privilege. The visa also permits to buy freehold property, but with some restrictions to protect the poor from being alienated from the property market, and other incentives like a tax-free car. A retiree may work 20 hours a week if he has a special skill, which conceivably can be transferred to a Malaysian citizen.
The proviso is the foreigner must have a fixed deposit (FD) in a bank in Ringit, or provide evidence of a foreign govt. approved pension of a certain sum.
Indonesia makes all foreign retirees employ an agent, who charge like a wounded bull, to get a retirement visa for one year and a multi-entry/exit permit (MERP) is extra.
Compete....its a joke!
What I think the Governer needs first is to explore the Indonesian visa requirements for foreign/tourist retirees, before spending money on retirement residences.
I'm familiar with Make Malaysia Your Second Home (MM2H) where they issue a 10 year renewable visa with 'in and out' privilege. The visa also permits to buy freehold property, but with some restrictions to protect the poor from being alienated from the property market, and other incentives like a tax-free car. A retiree may work 20 hours a week if he has a special skill, which conceivably can be transferred to a Malaysian citizen.
The proviso is the foreigner must have a fixed deposit (FD) in a bank in Ringit, or provide evidence of a foreign govt. approved pension of a certain sum.
Indonesia makes all foreign retirees employ an agent, who charge like a wounded bull, to get a retirement visa for one year and a multi-entry/exit permit (MERP) is extra.
Compete....its a joke!