Retail is one of the most prolific industries of the Indonesian economy. Foreign investors can also set up shops in which they can sell various items, including food products, as long as they respect the local regulations. As in any other Asian countries, spices are quite in demands in Indonesia, therefore, starting a…
In the last few years, Indonesia has started attracting many foreign individuals who opened businesses in various industries. The qualified workforce which is comprised of young individuals has convinced many entrepreneurs from neighboring or Western countries to move to Indonesia and start their own businesses here. This is how the consulting industry started developing in…
Fintech is one of the industries registering a high growth rate in Indonesia in the last 5 years. With the government and the Central Bank of Indonesia supporting the development of financial and non-financial institution offering innovative solutions to clients, opening a fintech company in this country has become quite popular. There are two ways…
Indonesia has made a real progress in terms of economy in the last few years thanks to the legislation which was adapted to the recommendations of international organizations. One of the latest developments is related to the enabling of a legislation related to cryptocurrencies. Foreign investors can now open cryptocurrency companies in Indonesia, as the…
Even if there is no law to provide for the creation of trusts in Indonesia, the local government does recognize international trusts. It is possible for both foreign and Indonesian citizens to create trusts in other jurisdictions with the purpose of leaving assets located in Indonesia to the beneficiaries. If you are interested in creating a trust, our Indonesia company…
Indonesia relies on tourism, which is one of the greatest contributors to the country’s economy. Among the tourism facilities which have important profits on an annual basis are Indonesian hotels. This is one of the reasons for which many foreign citizens move to Indonesia to start businesses in tourism. Foreign investors are welcome to invest in tourism…
Like any country with a large population, the demand for new residential buildings is very high in Indonesia. This has led to the fast development of the construction sector in the last few years. By 2020, the spending on construction works is expected to grow by 5.2% and most of these works will be completed by…
Enterprisers who want to start a business in Indonesia can choose one of the islands which form this country. One of the most prolific Indonesian islands is Bali, known mostly as an important tourism hub in the Southeast Asian region. At the moment, businesses in tourism represent more than 50% of Bali’s economy.…
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…
A holding company in Indonesia is a business set up for the purpose of owning assets or shares in subsidiaries, and not for the purpose of engaging in effective trade or commercial activities.Indonesia is a very open country to foreign enterprisers which has transformed it into one of the most sought investment destinations in Southeast Asia.At…
