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Blog - Indonesia

THE ULTIMATE GUIDE TO DOING BUSINESS IN INDONESIA

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.

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Blog: Indonesia

A Regulatory Guide to Cryptocurrency in Indonesia

Cryptocurrency has grown in popularity, and Indonesian regulators are still trying to catch up. Hence, foreign investors interested in this untapped market should be mindful of the present regulatory environment around cryptocurrencies. This article will summarize the existing regulation regarding the cryptocurrency market in Indonesia. Is Cryptocurrency Legal in Indonesia? The Indonesian currency is determined …

Doing Business in Indonesia for Indian: Benefits of Setting Up An IT Company

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 …

Indonesia KBLI: An Ultimate Guide for Foreign Investors in 2021

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 a Logistic Company in Indonesia: Benefits from E-Commerce Boom

Indonesia is the fastest-growing internet economy in Southeast Asia, with over 170 million internet users. In 2020, the Gross Market Value of the e-commerce industry stood at US$40 billion and is expected to rise to US$83 billion by 2025, making it an opportune moment for investors to open a logistic company in Indonesia. According to …

Indonesia Trade Agreements: Benefit for Singaporean Investors

Indonesia Trade Industry Outlook Foreign investors must have an Indonesia import license when entering the Indonesian trade industry. Foreign trade has been paramount in boosting Indonesia’s economic growth by contributing 37.3% towards the GDP in 2019. The International Monetary Fund projected export of goods and services to bounce back by 18.4% and imports to ascend …

Investment in Lombok
– Tourism Business Guide: Bali VS Lombok

Investing in Lombok, Bali, and other Indonesian islands is not something new to foreign investors. A reason for its popularity is its growth potential, and how fast its tourism sector recovers from adversity. Not so long ago, Bali’s tourism industry received a heavy blow when the volcano – Mount Agung started showing signs of eruption …

Indonesia Positive Investment List Opens Further Opportunities for Foreign Investment into “10 New Bali” Project

The recent enactment of Indonesia’s Positive Investment List (Daftar Positif Investasi – DPI),  has a knock-on effect on its Tourism sector. DPI has opened up wider possibilities for foreign investors to participate in Kawasan Strategis Pariwisata Nasional (KSPN), or commonly referred to as the “10 New Bali”- a nationwide project to expand Indonesia’s tourism investment …

Singapore’s MRA Grant – Market Expansion into Indonesia

In order to support Singapore’s Small and Medium Enterprises (SMEs) to expand their operations into the international market, MRA Grant was introduced by the Government. It aims at providing information, learning opportunities, and financial assistance which helps companies to easily expand their arms into new territories and mitigates the risk of uncertainty. What is Enterprise …

Indonesia Improves Foreign Investment Landscape with a Positive Investment List

Following the enactment of Indonesia’s Omnibus Bill, its Government has released an update of business sectors and lines (also commonly referred to as KBLI) that are now open to foreign investment in Indonesia. Although the revised Negative Investment List was drafted to attract more foreign investors and has been dubbed the “Positive Investment List”, this …

Mergers & Acquisitions Update In Indonesia

Well-capitalized firms looking to expand are currently faced with an aberrant opportunity to make acquisitions and consolidate power. As the pandemic continues to take its toll on the economy, weaker business actors in Indonesia receiving handouts via government support schemes or dipping into their cash reserves could be fast approaching a state of deeper financial …

A Guide to Permanent Establishment in Indonesia

Under the Regulation PMK-35 issued by the Ministry of Finance, a permanent establishment is a fixed and permanent business location where foreign investors conduct business activities in Indonesia. The location of the permanent establishment in Indonesia can be either owned or rented by foreigners as long as the location is permitted to use for the …