Global Inward Mobility (GIM) for Further Indonesian GDP Growth - Henley & Partners and GIPA

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Global Inward Mobility (GIM) for Further Indonesian GDP Growth

US$96 Billion Growth Engine for Indonesia (+0.4pp to Real GDP)

Produced by

1. Foreword

2. Executive Summary

3. Global Inward Mobility (GIM) 4. Economic Value

5. GIM Rollout & Opportunities

a. Overall Impact

b. Foreign Direct Investment (FDI)

c. Tourism

d. Remittances

e. Human Capital

f. Taxes

6. GIM Perceptions

a. Support & Benefit

b. Structures

c. Expatriate Impact

d. Returnees

7. Acknowledgements 8. References

Appendix

About H&P

About GIPA

Foreword Estimating the size of the opportunity & potential behind Global Inward Mobility

As we present this whitepaper on Global Inward Mobility (GIM), we do so with a clear purpose: to articulate the size of the opportunity that lies before Indonesia, rather than to prescribe specific policy recommendations. Our intent is to provide a comprehensive analysis of the potential economic impact of GIM, enabling policymakers, business leaders, and the broader public to engage in an informed discussion about the best path forward for our nation.

Global Inward Mobility represents a strategic lever for Indonesia's long-term growth, particularly as we look toward 2045, the year in which Indonesia aspires to become a fully developed nation. By harnessing the power of our global diaspora—millions of Indonesians living and working abroad—we believe that we can unlock tremendous value across multiple sectors. Remittances, foreign direct investment, tourism, and the return of highly skilled professionals all stand to benefit from a carefully considered GIM strategy. However, this whitepaper does not seek to dictate the precise policies required to achieve this vision. Instead, it serves as a foundational piece for dialogue—a way to highlight the scale of the opportunity and frame the conversation around how best to realize the potential of GIM. We believe that the insights provided here can catalyze meaningful discussions among policymakers, business leaders, and global Indonesians, who together can shape the future of our country.

In preparing this whitepaper, we have sought to balance optimism with practicality. We recognize the complexity of implementing GIM policies, and we understand the need for flexibility in crafting solutions that work for Indonesia.At the same time, we believe that by articulating the economic value of GIM, we can empower those involved in this process to make more informed decisions and chart a course that aligns with our national aspirations.

We invite you to explore the findings within this document, reflect on the potential impact of GIM, and join the conversation on how Indonesia can position itself as a global leader by 2045. By working together, we can build a future where Indonesia's growth is driven not only by our domestic efforts but by the contributions of our global citizens, who bring with them knowledge, investment, and an enduring commitment to their homeland.

Sincerely,

Executive Summary Expanding Global Inward Mobility (GIM) for Global Indonesians towards Economic Objectives

Global Inward Mobility (GIM)

The concept of enabling a global community, united by shared roots in a common homeland, to move freely across borders – whether for residency, work, capital investment, cultural exchange, or other forms of societal interaction – captures a powerful vision for economic and social integration. This framework spans policies like specialized visas, permanent residency, and dual citizenship, all aimed at retaining and attracting human capital while fostering strong ties to the homeland – we refer to this integrated approach as Global Inward Mobility (GIM).

GIM Policies & Indonesia

Indonesia stands at the threshold of significant economic transformation, with an ambition to become a developed nation by 2045, as outlined in the RPJPN 2025-2045. The country is on the cusp of realizing its demographic dividend, a critical period where economic growth can be accelerated through strategic investments in human capital. GIM initiatives present an unprecedented opportunity for Indonesia to harness the potential of its vast community of Global Indonesians. By enacting policies that facilitate greater mobility for Indonesians worldwide, the country can attract highly skilled professionals, stimulate foreign direct investment and strengthen its global economic ties.

Economic Value

- USD 96b over 5 years and +0.4pp to Real GDPGrowth (YoY%)

Our analysis shows enactment of more GIM policies could unleash up to USD 96 billion in economic value over the next five years, contributing an estimated 0.4% percentage points year-over-year Real GDP growth. This growth is forecasted based across five key dimensions – FDI, tourism, remittances, human capital and taxes. Furthermore, GIM initiatives require relatively low capital investment, making them an efficient and impactful policy lever.

Perceptions of GIM from a Poll of Global Indonesian Professionals & Families

Our poll of Indonesian professionals reveals strong support for expanding Global Inward Mobility (GIM) initiatives, with dual citizenship being the most favored option. Respondents favored economic rights under such a framework, citing property ownership and business sector flexibility, as key benefits under such a framework. Many express interest in returning to Indonesia if inclusive policies, especially those accommodating families, are implemented. These findings provide actionable insight on enacting GIM policies towards economic growth.

Actioning GIM for Growth

The large, diverse and highly skilled community of Global Indonesians represents a valuable yet underutilized resource. Through GIM, Indonesia can transform this global community into a powerful driver of economic growth and development, positioning the nation to overcome the middle-income trap and achieve its vision of becoming a developed country by 2045.

Global Inward Mobility (GIM)

Economic growth & development through engagement of global communities

GIM Programs & Policies – Range of residency / citizenship initiatives that retains & attracts human capital inflows, connections & economic integration

Indonesia & GIM – Our large community of Global Indonesians & economic potential puts us at an advantageous position to leverage GIM initiatives

With estimates as high as 9.0 million Indonesian diaspora spread across the world12 Indonesia stands to reap numerous benefits from the potential of its global communities & connections. Indonesia can join the growing list of other countries that have prioritised their GIM initiatives.

GIM initiatives can be a powerful boost to Indonesia's ambition to be a developed nation by 2045 (RPJPN 2025-2045)13: bringing positive direct & indirect impacts (job creation, investments, tax contribution, etc.) that can last 10-15 years.

Source: Henley & Partners

Visas Special Visas

Economic Value

Efforts that promote Global Inward Mobility (GIM) can drive substantial growth for Indonesia

Approach – We modelled the value of Indonesia driving further GIM initiatives by contrasting a higher expenditure scenario vs a baseline GDP

=

Consumption + Investments + Govt. Spending + Net Exports

Value – Over the next 5 years, more GIM can drive +0.4pp toYoYReal GDP leading to ~5.5% growth vs a ~5.1% baseline - or US$ 96b in current value

Opportunities – Our analysis is based on the growth that can be achieved through increases in FDI,Tourism, Remittances, Human Capital &Taxes

GIM Rollout & Opportunities

GIM programs will be popular, have broad use cases & lead to various economic activities

Rollout – We estimate that should a range of GIM programs be offered to Global Indonesians, a 1/3rd would become a program enrollee over 5 years

& GIM

FDI

GIM can improve the cultural & structural benefits for diaspora to invest in home

Remittance

GIM initiatives may expand the reasons, frequency & volume of remittances

Tourism

Drive

Global Indonesians to visit home more often, improving overall tourism volumes

Human Capital

Better residency / citizenship structures for Global Indonesians encouraging returnees

Taxes

Uplift of various economic activities will drive more domestic taxes

Opportunities – Global Indonesians are a diverse group but the right GIM program may prompt uplift across several key economic activities

GIM Enrollees add 35% to FDI contribution over 5 years (~$7k p.a. per enrollee by 2029)

GIM Enrollees send twice the average remittance p.a. vs other Global Indonesians ($6.6k p.a. per enrollee by 2029)

GIM Enrollees take +1 more trip to Indonesia, +5 more domestic trips p.a. ($3.4k per international trip, ~$30 per domestic trip in 2029)

30% of GIM enrollees also become returnees by 2029 (~500k) (70% with high skills & wages, annual wage of $4.7k p.a.)

Non-Income DomesticTax % of Consumption & Investment at 11% (signifying VAT& tariffs) and 5-25% income tax from returnees

Foreign Direct Investment (FDI)

$41.6b / 0.21pp to

Real GDP% from more FDI due to more future certainty for Global Indonesians

GIM, Certainty & Investments – We explore how inadequate legal frameworks create inward investment reluctance for Global Indonesians and how GIM could offer the certainty needed to boost investments

GIM provides certainty to Global Indonesians encouraging FDI we assume a target of +35% of FDI as per data from India1, which has an implied FDI per GIM of $5.9k to $7.7k

Study on Economic Community of West African States revealed that recognizing dual citizenship led to an increase in FDI by as much as $63.9 million 2

Our Scenario FDI as % of GDP vs other ASEAN neighbors highlights our scenario’s conservatism

Tourism

$19.6b / 0.10pp

to Real GDP% due to increase in

Global Indonesians visiting home more often

GIM & Homecomings – Global Indonesians with a connection to Indonesia through GIM structures are more likely to visit home & be domestic tourists due to higher disposable incomes

GIM Enrollees are assumed on average to take +1 international & +5 domestic trips p.a. with incremental income based on national income per trip

COVID slowed Indonesia's tourism, but recovery is evident. Q1 2024 revenues rose to $3.6b from $3.5b.1 GIM-driven tourism could boost this further, with historical domestic trips hitting 192.52 million in Q3 2023, up 13.36% from 2022.

Foreign tourists accounted for 91.8% of arrivals, or 5 million, while overseas Filipinos made up the remaining 8.2%, or 447,0822

Out of 6.4 million arrivals in 2022, 21.1% of foreign tourist arrivals was for the purpose “Indian Diaspora”3

Remittances

$17.9b / 0.09pp to Real GDP% from remittance inflow increases driven by stronger communities

GIM, Income, Communities & Remittance – Our scenario assumes the right GIM program can increase Global Indonesians foreign income and their home communities leading to higher values, volumes & rate of remittances

Remittance of GIM enrollees will send 2x the remittance of other Global Indonesians, resulting in +$6.3b by 2029 from ~2.0m enrollees or +6% to +30% over 5 years

Case Study: In Kerala, remittances play a crucial role in the economy, and the state has recorded a substantially high Human Development Index in spite of lagging behind in industrialisation and manufacturing.1

Our Scenario Remittance as % of GDP vs other nations with notable GIM highlights our scenario’s conservatism

Human Capital

$8.7b / 0.05pp to GDP% from more Global

Indonesian returnees driven by better structures

GIM & Skills Enhancement – GIM-enrolled returnees will include high-skilled professionals, semi-skilled, and low-skilled workers, each contributing uniquely to the economy.

By 2029, it is assumed that 30% of the GIM Enrollees (~500k out of ~2.0m) will return and work in Indonesia, with 70% of these returnees being high-skilled workers

In Indonesia, 98% of the workforce is semi- or low-skilled, earning around Rp2 million monthly, compared to Rp6 million for high-skilled workers2 Skilled returnees could help balance wage distribution, as 77% of former diasporas report skill gains3

Nurse migration “increased both the supply of nurses and the supply of college-educated labour in the Philippines”4

The growth of hubs (Bangalore and Gurgaon) “would not have been possible without the Indian diaspora’s technological contributions”5

$8.2b / 0.01pp to Real GDP% from increased income

& other domestic taxes & public spending

GIM & Tax Channels –The introduction of GIM is expected to significantly boost GDPgrowth through various tax channels, including through income tax and non-income domestic taxes

The assumed income tax rates are 5% to 25% based on tax brackets, and an 11% non-income domestic tax with assumption of service-heavy & capital projects

1.0x

Indonesia's progressive income tax ranges from 5% to 35%1, with expatriates using a self-assessment scheme. Residents are taxed on global income, while non-residents pay 20% on Indonesian income, adjusted by any Double Tax Avoidance Agreement2 Skilled returnees' tax contributions help stabilize and grow the economy, supporting public services and infrastructure development for sustainable growth and better quality of life.

GIM Perceptions - Support & Benefit

Indonesians globally support GIM initiatives & see economic outcomes as the key benefit from GIM

Popular Support for GIM – 95% of Indonesians and their families we polled globally want more GIM and dual citizenship is their favored approach

Economic Outcomes as the leading GIM Impact – Global Indonesians saw benefits to the economy as the most likely impact of more GIM

Passport Strength: A possible Factor in the Lower Appeal of IndonesiancitizenshipforDiaspora

As of mid-August 2024, the Indonesian passport ranks 65th out of 99 on the Henley Passport Index 2024, which measures how many destinations a passport holder can access without a prior visa1. This is in contrast with its ASEAN neighbors: Singapore ranks 1st, Malaysia ranks 12th, Thailand ranks 60th, and Philippines rank 73rd.

Additional uncertainty in travel means less opportunities worldwide are seized by Indonesians, the effect of which can compound over time.

GIM Perceptions - Structures

Professionals emphasized economic rights over other rights within GIM structures

Dual Citizenship Restrictions & Tradeoffs – Restrictions to political rights were broadly deemed as acceptable tradeoffs for dual citizenship

• Running for Political Office and other PoliticalActivities are considered reasonable restrictions by the majority of our respondents (66% & 75%)

• 40% of our respondents believed restrictions to Voting were also appropriate, signifying an interest in Overseas Citizenship construct - though more than half would not adopt dual citizenship if it came with such restrictions

Property Ownership & restrictions being “deal killers” for most respondents to pursue

GIM for Non-Citizens –There was broad support for more GIM economic rights for non-citizens, indicating recognition of their role in the economy

Restrictions on Permanent Residents

GIM Perceptions – Expatriate Impact

As expats,

the

full potential economic contribution of Global Indonesians to Indonesia is reduced

Expat Investment – Most Global Indonesians can adopt a new citizenship, but elect to stay as expats, reducing their propensity to invest in Indonesia

Importance of Retaining Citizenship

Global Indonesians with uncertain citizenship status are often hesitant to invest in , particularly in restricted assets like property and certain business sectors, to avoid issues if they choose to adopt a new citizenship and renounce their Indonesian citizenship.

Impact –The need for Global Indonesians to stay as expats leads to missed financial opportunities, reducing their overall economic value to Indonesia

GIM Perceptions – Returnees

There is broad interest in returning to Indonesia; this can be eased by GIM and supporting policies

Attracting Returnees – Beyond GIM or coupled with it, Indonesia can attract returnees from its Global Indonesian community by addressing these underlying factors that drive them to seek opportunities abroad

Global Indonesians aiming to return

Additional hurdle for families – 25% of respondents who can return to Indonesia do not have a pathway for their family members to return to Indonesia and most would consider relocating only with expanded PR

Minimum GIM for Family Relocation

Acknowledgements

GIPA and Henley & Partners expresses its utmost appreciation for participants of our GIPAInward Mobility Survey, without whom this research would not have been possible. Additionally, GIPAand Henley & Partners would also like to sincerely thank Gita Sjahrir her support during this process.

I. Location of Global Inward Mobility Survey Respondents

II. Location of Global Inward Mobility Survey RespondentsAbroad

to cite this report

Horsburgh, I., Samodra,A., Imanalie, D., Putri, S., Riady, J. (2024).
How
Horsburgh, I., Samodra,A., Imanalie, D., Putri, S., Riady, J. (2024). Global Inward Mobility (GIM) for Further Indonesian GDPGrowth

Global Inward Mobility (GIM) Economic growth & development through engagement of global communities

1. UK Government. (n.d.). Graduate visa. https://www.gov.uk/graduate-visa

2. Sekretariat Negara Republik Indonesia. (2023, September 3). Luncurkan golden visa Indonesia, Presiden Jokowi undang warga dunia investasi dan berkarya di tanah air. https://www.setneg.go.id/baca/index/luncurkan_golden_visa_indonesia_presiden_jokowi_undang_warga_dunia_investasi_dan_ berkarya_di_tanah_air

3. U.S. Citizenship and Immigration Services. (2024). H-1B specialty occupations. https://www.uscis.gov/working-in-the-united-states/h-1b-specialty-occupations

4. Government of Greece. (2023). Special identity card for ethnic Greeks (EDTO) from countries of the former USSR. https://www.gov.gr/en/ipiresies/polites-kai-kathemerinoteta/ellenes-tou-exoterikou/eidiko-deltio-tautotetas-omogenous-edto-apokhores-tes-t-essd

5. OCI Services. (n.d.). OCI services: Overseas citizenship of India. Government of India. https://ociservices.gov.in/

6. KPLaw Firm. (n.d.).Another type ofTurkish citizenship rights: Blue card application. KPLaw Firm. https://kplegal.com.tr/en/another-type-of-turkish-citizenship-rights-blue-card-application/

7. Italian Ministry of ForeignAffairs. (n.d.). Citizenship by descent according to the principle of jus sanguinis. Italian Ministry of ForeignAffairs. https://www.esteri.it/en/servizi-consolari-e-visti/italiani-all-estero/cittadinanza/cittadinanza-per-discendenza-secondo-il-criterio-de llo-ius-sanguinis/

8. Advisor, L. (2024, May 14). What is the Difference Between theThailand Elite Visa and theThailand LTR Visa? ThaiEmbassy.com. https://www.thaiembassy.com/thailand-visa/difference-between-thai-elite-visa-and-ltr-visa

9. Directorate General of Immigration & Passports, Pakistan. (2024). Dual nationality. Directorate General of Immigration & Passports, Pakistan. https://dgip.gov.pk/immigration/dual_nationality.php

10. Lee & Lee Law Firm. (n.d.). Multiple citizenship in Korea. Lee & Lee Law Firm. https://lawfirmleeandlee.com/multiple-citizenship-in-korea/#:~:text=People%20with%20dual%20nationality%20in,from%20that% 20point%20in%20time

11. Philippine Embassy, Washington D.C. (n.d.). Dual citizenship application. Philippine Embassy, Washington D.C. https://philippineembassy-dc.org/dual-citizenship-application/

12. World Bank. (2017, November 28). Indonesia can improve opportunities for and protection of its migrants working abroad. World Bank.

https://www.worldbank.org/en/news/press-release/2017/11/28/indonesia-can-improve-opportunities-for-and-protection-of-its-migr ants-working-abroad

13. Bappenas. (2024). RPJPN 2025-2045: National Long-Term Development Plan. Indonesia 2045. https://indonesia2045.go.id/ (p. 63)

14. Chart: Henley & Partners. (2024). Compensatory citizenship: Dual citizenship as a response to global inequality. Henley & Partners.

https://www.henleyglobal.com/publications/citizenship-program-index-2024/industry-insights/compensatory-citizenship-dual-citiz enship-response-global-inequality

Economic Value - Efforts that promote Global Inward Mobility (GIM) can drive substantial growth for Indonesia

1. International Monetary Fund. (2024). Indonesia: Country data. IMF. https://www.imf.org/en/Countries/IDN#countrydata

2. Kementerian Keuangan Republik Indonesia. (2022). Social discount rate sebagai tolak ukur kelayakan investasi pemerintah dalam mendukung pemulihan ekonomi nasional. Kementerian Keuangan Republik Indonesia. https://klc2.kemenkeu.go.id/kms/knowledge/social-discount-rate-sebagai-tolak-ukur-kelayakan-investasi-pemerintah-dalam-men dukung-pemulihan-ekonomi-nasional-75a3a486/detail/

FDI

1. Inter-American Development Bank. (2017). Diaspora direct investment: Policy options for development. IADB. https://publications.iadb.org/publications/english/document/Diaspora-Direct-Investment-Policy-Options-for-Development.pdf

2. Siaplay, M. (2014). Do countries that recognize dual citizenship have healthier economies? Evidence from the Economic Community of WestAfrican States. Https://Doi.Org/10.1080/21632324.2014.898388, 3(2), 254–271. https://doi.org/10.1080/21632324.2014.898388

3. World Bank. (2022). Foreign direct investment, net inflows (% of GDP) - World. World Bank Group. https://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS?end=2022&start=1970

Tourism

1. Trading Economics (n.d.). Indonesia tourism revenues.Trading Economics. https://tradingeconomics.com/indonesia/tourism-revenues

2. Cruz, J. (2023). Philippine tourism surges in 2023, exceeds targets. Metro News Central. https://metronewscentral.net/metro-business/philippine-tourism-surges-in-2023-exceeds-targets

3. Ministry ofTourism, Government of India. (2023). IndiaTourism Statistics 2023. Ministry ofTourism, Government of India. https://tourism.gov.in/sites/default/files/2024-02/India%20Tourism%20Statistics%202023-English.pdf

Remittances

1. Pande,A. (2018). India’s Experience with Remittances: a CriticalAnalysis. https://doi.org/10.1080/00358533.2018.1424078

2. World Bank. (n.d.). Personal remittances, received (% of GDP) - Philippines, OECD members. World Bank Group. https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=PH-OE

3. World Bank. (n.d.). Personal remittances, received (% of GDP) - India. World Bank Group. https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=IN

Human Capital

1. BAPPENAS. (2020). Indonesia’sTask Force for COVID-19 Recovery and National Economic Recovery (Policy Paper). https://perpustakaan.bappenas.go.id/e-library/file_upload/koleksi/migrasi-data-publikasi/file/Policy_Paper/IndotaskTREnglish.pdf

2. Badan Pusat Statistik. (2022). Keadaan angkatan kerja di IndonesiaAgustus 2022. https://www.bps.go.id/id/publication/2022/12/07/a64afccf38fbf6deb81a5dc0/keadaan-angkatan-kerja-di-indonesia-agustus-2022. html

3. World Bank. (2017). Indonesia’s global workers: Juggling opportunities & risks. https://thedocs.worldbank.org/en/doc/357131511778676366-0070022017/original/IndonesiasGlobalWorkersJugglingOpportuniti esRisks.pdf

4. VoxDev. (n.d.). Brain drain vs. brain gain: Does international migration deplete the poor? https://www.voxdev.org/topic/migration-urbanisation/brain-drain-vs-brain-gain-does-international-migration-deplete-poor

5. Varghese, N. V. (2021). Education and migration:Astudy of the Indian diaspora. International Journal ofAfrican Higher Education, 8(2), 103-117. https://www.researchgate.net/publication/352440909

Taxes

1. ASEAN Briefing. (n.d.). Individual income tax in Indonesia. https://www.aseanbriefing.com/doing-business-guide/indonesia/taxation-and-accounting/individual-income-tax

2. PwC. (n.d.). Indonesia - Individual -Taxes on personal income. https://taxsummaries.pwc.com/indonesia/individual/taxes-on-personal-income

GIM Perceptions - Support & Benefit

1. Henley & Partners. (2024). Henley Passport Index: Global ranking 2024. https://www.henleyglobal.com/passport-index/ranking

Appendix

1. Lee & Lee Law Firm. (2024). Multiple citizenship in Korea. https://lawfirmleeandlee.com/multiple-citizenship-in-korea/#:~:text=People%20with%20dual%20nationality%20in,from%20that% 20point%20in%20time

2. Lee & Lee Law Firm. (2024). Multiple citizenship in Korea.

https://lawfirmleeandlee.com/multiple-citizenship-in-korea/#:~:text=People%20with%20dual%20nationality%20in,from%20that% 20point%20in%20time

3. Ministry of HomeAffairs, India. (2017). Overseas Citizenship of India (OCI) brochure. https://www.mha.gov.in/PDF_Other/BROCHURE_OCI_25042017.pdf

4. KPLaw Firm. (n.d.).Another type ofTurkish citizenship rights: Blue card application. KPLaw Firm. https://kplegal.com.tr/en/another-type-of-turkish-citizenship-rights-blue-card-application/

5. Gurulkan Law Firm. (2021). Blue card program inTurkey. Gurulkan Law Firm. https://www.gurulkan.com/insights/blue-card-program-in-turkey

Horsburgh, I., Samodra,A., Imanalie, D., Putri, S., Riady, J. (2024).

Appendix

Case Study: Multiple Nationality - South Korea

Adual citizen of South Korea who wishes to retain both South Korean and foreign nationalities for their lifetime must submit a written pledge to the Korean government before the age of 22, affirming their commitment to fulfill their obligations as a South Korean citizen, including military service and tax payments, and to refrain from exercising their foreign nationality within Korea, e.g. using a foreign passport or registering as a foreign resident.1

Male dual citizens are required to declare their nationality in the year they turn 18 due to mandatory military service obligations.2

Policy Comparison: Overseas Citizenship of India and Türkiye’s Blue Card Policies

Aspect

OCIHolders3

Dual Citizenship Constitution of India does not allow holding Indian citizenship and citizenship of a foreign country simultaneously.

Purpose Provides permanent residency for people of Indian origin and their spouses.

RighttoLive andWork

Voting Rights& PublicOffice

Property Ownership

Yes, can live and work in India indefinitely. Exempt from registration with Foreigners Registration Office (FRO) or Foreigners Regional Registration Office (FRRO)

No voting rights; cannot hold public office or constitutional posts.

BlueCardHolders4

Dual citizenship is recognized; citizens must inform authorities of their status perArticle 44 of the Citizenship Law.

Official identity document for formerTurkish citizens and their descendants who renouncedTurkish citizenship.

Yes, can live and work inTurkey without a work permit due to International Labour Law (Law No. 6735).5

No voting rights; cannot hold public office or be employed as a civil servant.

Can own property, except agricultural or plantation land. Can own property and make investments in Turkey.

Privileges Provided Multiple entry lifelong visa; parity with NRIs in financial, economic, educational fields; same entry fees for national parks; ability to work in specified professions; parity in adoption and domestic airfares.

Restrictions Cannot acquire agricultural/plantation properties; requires special permission for research, missionary work, mountaineering, and journalism; OCI status can be revoked under certain circumstances.

Can work, self-employ, receive education, health services, and social security in Turkey.

Cannot perform primary and permanent public service duties; no special customs exemptions for importing cars or household goods; no obligation for conscription or military service.

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. Our highly qualified professionals work together as one team in over 55 offices worldwide.

While its origins date back more than 45 years, Henley & Partners as it is today was formed in 1997 through the combination of a private client immigration consultancy and a fiduciary company. Today the firm is focused exclusively on residence and citizenship by investment and is operating via more than 55 offices worldwide.

The companies of the group, as well as most of its individual partners, directors and senior officers, are regulated where applicable by the respective authorities in the countries where they operate. They are also members of various professional associations such as the Investment Migration Council, Society of Trust and Estate Practitioners, The International Tax Planning Association, International Fiscal Association, Fédération Internationale des Administrateurs de Biens Conseils et Agents Immobiliers, and others.

Ian Horsburgh is Country Head of Indonesia at Henley & Partners. With a background in wealth management, Ian who is a Certified Financial Planner (CFP®) has extensive experience dealing with high-net-worth profiles providing advice on global residence and citizenship planning

Adimas Samodra is Senior Consultant at Henley & Partners. With a diverse background in Financial advisory and government relations. Adimas has a extensive experience dealing with High Net Worth Profiles in providing advice on global residence and citizenship planning.

About GIPA

GIPAis a global alliance of overseas professional hubs across G20 andASEAN

- we help advance Indonesia’s economic diplomacy and human capital development

Registered legally in Indonesia, GIPA oversees more than 20 hubs across Europe, the Middle East, North America, and Asia Pacific. These hubs consist of Indonesian professionals governed by their local leadership. With over 6,000 registered professionals, GIPA operates in eight primary industry sectors: (i) Financial Services; (ii) Technology; (iii) Professional Services; (iv) Healthcare & Life Sciences; (v) Infrastructure, Energy & Resources; (vi) Creative & Media; (vii) Public Sector & International Organizations; and (viii) Industrials, Products & Logistics.

Centre of Excellences (CoEs)

Overseas Professional Hubs (OPH)

Global Human Capital Summit (GHC Summit) Public Advocacy Professional Development

Global Human Capital (GHC) Summit

Economic Diplomacy

Indonesian-based stakeholders

Autonomous communities of Indonesian professionals and executives working in a specific country that fosters the professional development of their members.

• 24 independent & autonomous operating live hubs globally

• GIPA serves to connect, advocate for, and facilitate growth through our network and Centres of Excellences (CoEs)

Indonesian-based stakeholders that has been supporting GIPA

E.g. B20, KADIN, Ministry of Health

• Targeted and periodic engagement through specific initiatives

• Business and investment roundtables

• Policy focus group discussions

• Speaker and sponsor opportunities at GIPA and hub levels

GIPAEconomic Diplomacy Team 2024

DerrylImanalie Head of Economic Diplomacy at GIPA

lan Horsburgh CFP® IMCM

Director Private Clients & Country Head of Indonesia, Henley & Partners

Adimas Samodra

Senior Consultant, Henley & Partners

Derryl Imanalie

Head of Economic Diplomacy, GIPA

SchalkeAnindya Putri

Economic DiplomacyAssociate, GIPA

Jason Riady

Economic DiplomacyAssociate, GIPA

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