Behind every success of business expansion is the comprehensive knowledge of regulations, legal compliances, procedures and socio culture, among others. If you are intending to expand to Indonesia, get our free copy of e-book to learn about starting a business in Indonesia, everything you need to know from A-Z. Simply click the "download" button below.
Video and internet games have gained massive attention across the globe as people are refraining from playing traditional sports due to Covid -19 restrictions. Thus, boosting the mobile video games industry from USD 61.3 billion in 2019 to USD 98 billion in 2020. One of the major countries that have significantly contributed to the global …
The burgeoning digital economy during the pandemic presents lucrative business prospects for foreign investors to start an IT company in Indonesia. Marisa Muhsin, Indonesian Representative of Click Next – A Thai-based IT solutions company, talks about her recent experience of doing business in Indonesia during this uncertain time. How Digital Economy Presents a Treasured Opportunity …
The Indonesian government has been taking a number of bold initiatives in recent years to increase the ease of doing business in the country. The clarity in business guidelines, process transparency, and improved system infrastructure are all part of these recent developments. To cut through the red tape even further, the Indonesian government has modified …
The developing economies of India and Indonesia have prospered in recent years as a result of their mutual cooperation. According to the Indian Embassy assessment, Indian investment in Indonesia is over $15 billion, whereas Indonesia’s investment in India has reached $627 million. This article deals with various aspects of Indonesia’s digital economy and how doing …
What Is KBLI and What Does It Mean? To conduct business efficiently overseas, the host country requires foreign investors to comply with the country’s laws and regulations. Similarly, for foreign investors investing in Indonesia, one of the crucial compliance is ensuring that the business activities are classified under the Indonesia Standard Industrial Classification (Klasifikasi Baku …
Opening Digital Banks In Indonesia – A Right Move For Foreign Investors Now? And Can They? Indonesia’s banking sector is marching towards a digital revolution. Indonesia’s Central Bank – Bank Indonesia, estimates that digital banking transactions are expected to reach IDR 32,206 trillion (US$2.3 trillion) by the end of 2021. A substantial increase from IDR27,036 …
In Indonesia, an association is an organisation where individuals, companies, professionals, and groups come together to realise common goals and objectives for non-profit matters. Members of the association partner to realise social, religious, and humanitarian goals that will make a difference to the world. Indonesian Association: Establishment Purposes Individuals or organisations set up associations in …
With every crisis comes new opportunities to start something, like a new business. If there is something good that follows the COVID-19 crisis, it is a quicker business incorporation process and investing time in Indonesia. Everything can now be done online, including company registration. What is more, with this online process, your company can be …
Beneficial ownership in Indonesia has several definitions in different areas: Banks: individuals who own funds or control the customers’ transactions Payment systems: individuals who own funds or control the service users’ transactions Non-bank financial services: individuals who own funds, control or authorise the customers’ transactions Capital market sector: individuals who are entitled to certain benefits …
Tourism in West Nusa Tenggara province in Indonesia, where Lombok is located, has been growing tremendously over the past few years. In 2019, the total number of visitors, including both locals and foreigners, reached 3.7 million for Lombok travel. Most tourists enter Lombok through the Lombok International Airport and ferry ports on the island. This …
Even with the global crisis due to COVID-19, the investments in East Java, especially in Surabaya, are still growing positively. The result is pretty encouraging at the beginning of 2020: 59.2% year-on-year growth was recorded during this period. And according to BKPM, from January to June in 2020, the total value of investments from both …
Located in Central Java, Indonesia, Brebes is expected to reach 7% growth in the following one or two years. With the rapid development of infrastructure and facilities in Brebes, this industrial estate has got investors excited and ready to set up a company. There are two common types of legal entities for foreign investors to …
