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.
Indonesia has the world’s fourth-largest population and expected will have the world’s fourth-largest economy by 2050. Hence, the rise in demand for energy looks inevitable which would further open up new possibilities for renewable energy companies. To ensure judicious use of renewable energy resources, the Indonesian government has set aggressive targets. The National Energy Policy …
It is no wonder that travel restrictions struck a heavy blow to Bali, the small Island that almost entirely economically depends on the tourism industry. However, if we look back on history decades earlier, the Island of Gods has always been able to maintain its reputation as the world’s favorite island destination, no matter what …
Indonesia is currently developing a plan to relocate its capital from Jakarta to a new city in East Kalimantan, Borneo. Part of the reason for the relocation is to ease traffic congestion in Jakarta, which has made the city polluted, and overcrowded. Indonesia’s new capital city would also symbolically centralize the administration, which is perceived …
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 …
