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.
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 …
Indonesia has been extending a warm welcome to foreign entrepreneurs, investors, and businesses who can contribute to the country’s economy. This can be seen in their recent more business-friendly policies and improved licensing infrastructure – making Indonesia one of the best destinations for foreigners to start a business in Indonesia. Particularly for the power supply …
To protect the environment due to the damage it has been taking on for many years from modern development, the government of Indonesia came up with a regulation (Law No. 40/2007) that certain companies must comply with. This law stipulates that organisations involved in the natural resources sector must perform activities that are social- and …
On November 15, 2020, President Jokowi officially signed the Regional Comprehensive Economic Partnership Agreement or RCEP Agreement at the Bogor Palace. The RCEP is a comprehensive ASEAN economic partnership agreement to strengthen and expand ASEAN’s involvement and engagement with Japan, Australia, China, New Zealand, and Korea. The agreement also aims to combine five free trade …
2021 state budget of Indonesia was approved on September 29, 2020, at the 6th House of Representatives Plenary Session. The purposes of 2021 Indonesia’s State Budget are four-fold. First of all, the government targets to speed up the country’s national economic recovery caused by the coronavirus pandemic. Secondly, the governmental administration led by President Jokowi …
The majority of companies doing business in Indonesia are required to submit the annual financial statements (laporan keuangan tahunan perusahaan/LKTP). The financial statement in Indonesia generally consists of information about the financial condition of a company, in the forms of company balance, loss-profit or other reports describing financial performance and are organised based on accounting …
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 …
A certificate of origin is an important document when doing business in Vietnam because it is required for international trade and shipments under the national law. The certificate indicates where the goods concerned are produced or manufactured. And with that information, traders must comply with the legal and administrative regulations, and trade policies based on …
Temporary staff, provided by an outsourcing company, is an important and growing part of the business in Indonesia as this employment solution gives businesses a vast number of advantages. Companies in Indonesia hire millions of temporary employees as consultants, contract workers, seasonal workers, freelancers, and interns. Especially during the time of a pandemic and economic …
The COVID-19 crisis has forced many businesses to adapt. However, some sectors such as hospitality may be forced to take drastic measures, given the looming negative outlook for global growth. Companies who find themselves in these financially distressed situations can consider the option of Corporate Recovery. Corporate Recovery is the process of ensuring owners, creditors, …
Commonly, people use the terms BPO and call center interchangeably most of the time. Many business owners even think that call center and business process outsourcing in Indonesia (BPO) is the same thing, but they are not. A call center is a subset of BPO and voice-based services are the primary services of call centers. …
Since COVID-19 was first identified in March 2020 until October 2020 in Indonesia, the number of confirmed positive cases of COVID-19 has increased from 3,520 cases to 396,454 cases. The number of COVID-19 deaths in Indonesia also climbed from 101 to 13,512 cases during the same period. As for the number of cases of recovered …
