Until a few years ago, the Indonesian pharmaceutical market wasn’t as development as the markets of other neighboring countries. In 2014, the Indonesian government has enabled the national health insurance program and the number of pharmaceutical companies has started growing. Presently, the pharmaceutical industry in Indonesia is predominantly made up of companies producing and selling generic…
The food industry is one of the most important economic sectors on Indonesia, as the goods produced here are destined not only for the local population but also for export. Also, this industry is made up of several branches, restaurant businesses playing an important role in its development in the last years. Foreign investors can set…
As one of the largest economies in the world, the Indonesian labor market is in search for new employees all the time. With a local workforce mainly made up of professionals who speak English, finding employees is not difficult, however local companies can also hire foreigners with the help of recruitment agencies. In the past…
Although it seems surprising, Indonesia is one of the largest economies in the world as it has one of the greatest populations on the globe. With such great economy which is continuously expanding, Indonesia attracts impressive numbers of investors and visitors on a yearly basis, which makes tourism one of the most important sources of income. These…
Foreign investors have many reasons to set up companies in Indonesia. Among these, the skilled and cheap workforce, the easy procedure of incorporating a business and the advantageous taxation system are just a few. Speaking of taxation, the Indonesian tax authorities provide for numerous incentives and deductions which form very competitive tax minimization solutions when comparing…
The last few years have brought many fluctuations to the Indonesian economy. From the slowing down registered during the economic crisis to the gradual increase in the Gross Domestic Product in the last 3 years, Indonesia is now on the recovery path. With industries like agriculture and manufacturing contributing the most…
Indonesia is the 4th largest country by population and the 16th most prosperous economy in the world, which make it one of the largest consumption markets at global level. These are also a few of the reasons why trading plays an important role in the Indonesian economy. Indonesia is known for the large amounts of goods it…
During the last several years, foreign investments in Indonesia have increased gradually and reach and average of approximately 30 billion USD every year. Also, Indonesia is one of the countries where foreign investments are regulated by a specific law which is completed by other presidential and governmental decrees. Foreign investors who want to open companies in Indonesia have…
The taxation system in Indonesia is made up of several levies which apply to both companies and individuals. If companies are levied the corporate tax and individuals the personal income tax, which are direct taxes, there are also indirect levies among which the value added tax (VAT) or the goods and services tax (GST) is the most important…
Indonesia is a unique country from a company formation procedure point of view because of the types of structures available for foreign companies interested in setting up offices here. For example, foreign companies are allowed to establish subsidiary companies, but the branch office is not regulated by the local legislation. However, the Indonesian liaison office is…
