As part of the West Sumatra province in Indonesia, Mentawai presents several opportunities to foreign investors who intend to invest in the country.
Located on the island of Sumatra to the west with its provincial capital situated in Padang, West Sumatra has a population of over 5.4 million. The province has a growth rate that is much higher than the national average; the economic development has been particularly pronounced after the earthquake in 2009.
Over the years, the Provincial Government of West Sumatra has been aiming to boost the province’s total investment, both local and foreign, with an expected amount of IDR 4.3 trillion in 2019. This is done through the effort from the support of the government especially the licensing acceleration through the recently implemented One-Stop Integrated Investment and Licensing Service (DPMPTSP).
Also, the Indonesian Investment Coordinating Board (BKPM) has recorded a total investment realisation of IDR 809.6 trillion in Indonesia – 102.2% of the set target. This year, the target for the nation’s investment realisation target is set at IDR 886 trillion from both domestic and foreign investments.
The total investment brought into West Sumatra in 2018 was recorded at 4.7 trillion, 112% of the target amount. Undoubtedly, there is enormous business potential in Mentawai and West Sumatra as a whole, and the priority is on renewable energy and tourism sectors.
Many foreign companies, especially those from China are investing heavily in sectors such as geothermal energy, basic industry, infrastructure development, power plants, and tourism.
For tourism in West Sumatra, the government has set its focus on the development of Mentawai KEK in Siberut Island, Taileleu, the Mentawai Islands Regency, and the South Coast’s Mandeh tourism special economic zone (KEK).
Apart from tourism and renewable energy sectors as a source of West Sumatra’s economic development, foreign investors can also look into the following fields with great investment opportunities:
The best way to dig into the investment potential of Mentawai and West Sumatra for foreigners to get all the insights they need to invest in Indonesia is through a business visa.
Among so many types of visa in Indonesia, a business visa is considered the most common and effective one for foreigners to conduct business visits for a short period in Mentawai and West Sumatra.
The business visit can be done regularly depending on the type of business visa you apply for. Two major limitations of an Indonesian business visa are you can’t hire any employee and/or earn profits with this visa.
The process of business visa application is rather a simple and straightforward one if you seek assistance from Cekindo:
Cekindo is a registered business as per the laws of Indonesia. We provide business incorporation and business visa services to companies for Indonesian residents, non-residents, foreign companies and special purpose companies for your efforts to invest in Indonesia.
Our experts comprise experienced professionals in several specialisations ranging from finance, legal, accounting, business management, human resource, and marketing.
Cekindo makes every effort to provide peace of mind for you to invest in Indonesia: all your company setup and business visa expectations will be well managed. We also offer you the discipline and best practices to grow your business after the incorporation.
Let’s bring your business to the next level together with Cekindo. Fill in the form below.