To the world, Indonesia is renowned for its breathtaking travel destinations. However, there is more to Indonesia than that. Strategically located amongst giant economies such as China and Singapore, Indonesia has its own upper hand when it comes to businesses.
After being hit by a pandemic, Indonesia’s market is expected to rebound in 2022, creating a new stepping stone for its economy. Here’s 5 reasons why you should expand your business in Indonesia
- Huge Market
The combination of social media’s importance, coupled with a high volume of young, technology-savvy consumers makes Indonesia’s internet sector one of the hottest spaces for incoming investors to look at.
With regard to the potential wealth creation by Indonesia’s netizens, the sky is seemingly the limit, at least for the moment. Even more traditional investors who are not necessarily in the tech space have taken time to explore Indonesia’s digital ecosystem.
- Allow profit generating business with 100% ownership
If you are a foreign investor that wants full control of your business, then establishing a PT PMA is the best option you can opt for. PT PMA is the only legal entity in Indonesia that allows 100% foreign ownership.
However, each sector has regulations on their permitted business activities as well as the maximum amount of shares foreigners can own determined by the Positive Investment List.
- Eligible to obtain work/stay permit
Work Permit or Stay Permit will be given to foreigners if they run businesses in Indonesia. This regulation would ease foreigners in doing business in Indonesia as they are able to stay in the country.
- Able to operate business with Virtual Office
Besides conventional offices, you are able to use Virtual Office to run your business. Virtual offices allow for an increase in productivity, a reduction in commuting costs and more flexibility. Virtual offices also significantly lower overheads and technology costs – making for a more cost-efficient solution to modern working.
Interested in expanding your business in Indonesia? We can help you!
IZIN Foreign Service has successfully assisted many companies do business expansion to Indonesia.
Contact us now to get the latest insights on Indonesian regulation!