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Opening a bank account in Indonesia

Posted 7.05. 2014 by Nurmia Agustina , last update on 20.12. 2017

For companies or foreign investors who want to invest in Indonesia, one of the things that should be well understood is the process of opening a bank account and what type of account will be used for business transactions. In Indonesia three types of accounts are commonly used, namely checking accounts, savings accounts and deposit …

Prawns as a strategic commodity of Indonesia in 2014

Posted 29.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

Prawns are a major commodity in the aquaculture industry because they are in high demand and have high economic value. Recently, demand for prawns from Indonesia has increased significantly. In the first 6 months of 2013, exports were valued at US$1.97 billion, of which prawns accounted for 36.7 % or US$723.6 million. This is a positive improvement because Indonesia has no problems with …

Indonesian Commodity Prospects as a Price Reference for the World

Posted 29.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

As an agricultural country, Indonesia has a great abundance of natural resources. Many Indonesian commodities — both soft and hard commodities  — have world rankings. Indonesian commodities contributed about one-fourth of Indonesia’s Gross Domestic Product (GDP) and government revenue in 2007. This has led Indonesia to become one of the largest global commodity exporters.  Check out some interesting …

The cultural issues of doing business in Indonesia

Posted 29.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

Compared to other Asian countries, Indonesia is a promising country for developing a business in various sectors. But in order to reduce any potential failure, companies should be proactive in managing the risks by adjusting to Indonesian culture. Effective risk management will ease business operations and strengthen the impact of the business. Some risks come from the culture of the people involved …

Potential and risks of investing in Indonesia

Posted 25.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

Indonesia is an attractive destination for investment because it has a large market, stability, relatively low labor costs and the availability of raw materials.  There are many investors who have invested in Indonesia, just based on the factors of low labor cost and  raw materials availability.  They make Indonesia a location for intensive activity by using local distributors and …

Vibrant trade outlook makes Indonesia attractive to foreign companies

Posted 23.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

As  Southeast Asia’s largest economy, Indonesia has robust trade relationships with nations across the globe.  Because it is the world’s fourth most populous nation, companies are often interested in market expansion in Indonesia. A rapidly growing economy, particularly in several sectors, makes Indonesia an attractive market for companies related to fast-moving consumer goods, automobiles and many …

Automotive sector as a potential major field for investment in Indonesia

Posted 21.04. 2014 by Nurmia Agustina , last update on 20.12. 2017

The automotive industry in Indonesia grew rapidly in the first quarter of 2014 after experiencing a significant increase in investment over the past four years. Investment in the automotive sector in 2013 reached US$3.7 billion — investment levels up 10 times more than in 2010. PT Toyota Motor Manufacturing Indonesia (TMMIN) recently built a Toyota engine plant in …

How to invest in Indonesia through a Representative Office

Posted 15.04. 2014 by Cekindo , last update on 20.12. 2017

Indonesia has one of the most regulated markets in the world. Despite the recent improvements, it is still relatively hard for foreigners to fully capitalize on market potential. Our mission is to make investment in Indonesia easier for foreigners. The are two legal entities that can be chosen for your investment in Indonesia: foreign representative office …

Foreign-owned company formation in Indonesia

Posted 7.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

The economy and the population make Indonesia a very attractive market to set up a company. Between the rapidly growing middle class and increased government expenditures in health care and infrastructure, opportunities abound. Indonesia has abundant natural resources and strategic location in the international water, a large number of populations, approximately 230 million people do have …

How to get a business license in Indonesia

Posted 2.04. 2014 by Michal Wasserbauer , last update on 20.12. 2017

Licensing issues were established by Presidential Instruction No. 5 Year 1984 date of 11 April 1984 on Guidelines for Implementation and Control Permissions on the line of business. The rules ensure that any business can apply for a license smoothly, legally and in a structured manner. A business license is required for any business activity by small and medium enterprises as …

The Negative Investment List as your business reference

Posted 28.03. 2014 by Nurmia Dwi Agustina , last update on 20.12. 2017

The Negative Investment List is compiled by BKPM, the Indonesian Investment Coordinating Board. It specifies which sectors are open to foreign investment in Indonesia as well as the percentage of foreign ownership permitted. This list is regularly revised and the most recent version is Presidential Decree No.36/2010. List of Business Fields Closed to Investment No SECTOR BUSINESS …

Visas and Work Permits in Indonesia

Posted 21.03. 2014 by Nurmia Dwi Agustina , last update on 20.12. 2017

Investors as well as foreign and local shareholders are free to select the members of their management and supervisory boards. The hiring of directors, managers, technicians, foreign experts and even foreign skilled laborers by foreign companies is allowed as long as Indonesian workers are not available or do not meet the requirements of the job. The Department …