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.
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 …
The 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. Most tourists enter Lombok through the Lombok International Airport and ferry ports on the island. This is why …
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 …
As the largest city and capital of Central Java, Semarang is now regarded as one of the best places to start a trading company. According to the central government, they aim to boost Central Java’s Regional Product per Capita (PDRB) to 7% by 2023 with a total investment of IDR 774 trillion. Company Types for …
A company registration number is a unique number assigned to every business that is legally incorporated in Indonesia. You will also need to use your company registration number in Indonesia to register for your corporate tax number, get in touch with the Companies House, file and submit your tax returns, as well as changing your …
With more than 260 million population and a high percentage of young people, starting a publishing company in Indonesia can be a profitable business idea. The majority of this young population read a lot and most of them are students who need published materials for their learning and studies. Statistics have shown that the total …
Padang is no longer just a getaway for vacation seekers. It is now a dynamic business hub where global investors have gathered for starting a business in Indonesia. Many investment opportunities have emerged in Padang and the most prominent ones are in the tourism and hospitality sector. Recently, the Indonesian government even cut the BI …
With some of the employment and business opportunities, it’s no surprise both Indonesia and Singapore are among the top investment destinations in Southeast Asia. Both of these dynamic countries attract foreign investors from all corners of the world to establish a business. Ever wondered what are the key differences between company incorporation in Indonesia vs. …
