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.
With the worsening climatic conditions, countries around the world have agreed to combat climate change through various carbon reduction efforts. Indonesia, too, has submitted its pledge to reduce carbon emissions to 41% by 2030, to the United Nations Framework Convention on Climate Change (UNFCCC), and the Paris Agreement. The Indonesian government is preparing a progressive …
Singapore and Indonesia have a robust bilateral relationship based on mutual economic interests. With Indonesia’s business climate advancing, Singapore’s closeness to this resource-rich country has made it a major route for investors seeking investment possibilities in Indonesia. For several years, Singapore has been the biggest foreign investor in Indonesia, with investments totaling USD 9.8 billion …
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 …
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 …
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 …
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 …
In accordance with a new government regulation namely PP 49 of 2020 that has been signed by President Joko Widodo on 31 August 2020, the contribution for BPJS of Employment in Indonesia has been relaxed. The purpose of this relaxation is to help ease the burden of the participants who have to deal and cope …
The potential of ecommerce businesses in Indonesia is enormous. It is no wonder that foreign investors want to get involved in the ecommerce startup scene in Indonesia. But what are the motivators for such huge ecommerce growth in the country? The answers lie in its developing digital infrastructure, substantial population, supportive government, and growing digital, …
Throughout the first semester of 2020, there has been one event that has profoundly affected millions of lives, economies and businesses around the world, including in Indonesia. It is the coronavirus, also known as COVID-19, crisis. What is COVID-19? COVID-19 is a kind of coronavirus. It was identified in late 2019 and was declared a …
A new governmental regulation stipulates the import duties in Indonesia has been effective since January 30, 2020. This regulation is the Finance Ministerial Regulation (PMK) No.199/2019 and it was enacted to reduce the maximum value for imported goods to be tax-free. According to PMK 199/2019 issued by the Ministry of Finance, the maximum value of …
Considering Indonesia’s huge population, the insurance industry in the country has been presenting significant opportunities. With the growing middle-income and wealthier population, the insurance buyers in Indonesia are also on the rise. These attractive target audiences in the insurance industry have given foreigners intentions to start an insurance company in Indonesia. Therefore, the growth rate …
As the Covid-19 pandemic kept taking its toll, the government impose tax relaxation in Indonesia to help the economy survive the outbreak. The authorities extended the incentives through Minister of Finance Regulation or Peraturan Menteri Keuangan (PMK) 9/PMK.03/2021. This article will summarize a few key points that you should put to your consideration. Tax Relaxation …
