In a groundbreaking move aimed at enhancing immigration services and fostering economic growth, Bank Mandiri and the Directorate General of Immigration have joined forces to launch the Livin' by Mandiri application service plan, set to revolutionize the golden visa application process.

Director General of Immigration, Silmy Karim, unveiled the initiative during an official announcement on Wednesday, December 6, 2023, stating that the Livin' by Mandiri application service plan would be fully operational by February 2024.

"This collaboration also addresses two of the four tasks given by the President when appointing me to serve as Director General of Immigration, namely golden visas and digitizing immigration services," said Karim.

The collaboration between Bank Mandiri and the Directorate General of Immigration was formalized through a cooperation agreement signed by Darmawan Junaidi, President Director of Bank Mandiri, and Silmy Karim on Tuesday, December 5, 2023, at the Mandiri Club in South Jakarta.

The golden visa, a residence permit valid for five to ten years, is granted to foreigners investing in Indonesia to support the national economy. To qualify for the golden visa, applicants are required to invest funds in Indonesia, which must be saved or deposited in a local bank. The Livin' by Mandiri application will integrate the electronic visa portal of the Directorate General of Immigration with banking services, offering practical benefits to foreign investors.

Golden visa applicants can now open a Bank Mandiri account seamlessly through the Livin' application, allowing them to deposit immigration guarantees directly. This integration is expected to streamline the application process and enhance monitoring of funds held by golden visa holders.

"We will be greatly helped by this scheme, especially in simplifying the application process until the golden visa is issued. Even in terms of monitoring the funds held by golden visa holders, they remain under the requirements, all managed by the system," said Silmy Karim.

Darmawan Junaidi expressed optimism about the initiative, highlighting the potential to attract more foreign investors to Indonesia. He emphasized the importance of the Livin' by Mandiri application in improving the quality of immigration services and ensuring the security of financial transactions.

"The digitalization of public services must be carried out well because digitalization is a solution to facilitate and speed up the process of providing better services to the public," said Junaidi.

Karim added that digitalization not only enhances efficiency but also reduces opportunities for irregularities, positioning Indonesia as a technologically advanced and developed country. The Livin' by Mandiri application is poised to bring about a new era of convenience and security for golden visa applicants, bolstering Indonesia's appeal as an investment destination for foreigners.