Indonesia is a developing country in Southeast Asia known for its rich multicultural island, diversity and natural resources. However, it is not the only determining factor in becoming a developed nation. As a result, over the past several years, the Government of Indonesia has been developing highly-competent human resources and hassle-free regulations for investment by sustainably improving the education, infrastructure, taxation, manpower, business and investment bureaucracy that has been made to adapt to the globalization era and make it easier for investors to expand or invest their business in the country, one of the major moves is the establishment of the Indonesia Investment Coordinating Board (BKPM) which has made a huge impact on the economy and country's development.
Expanding a company or setting up a new business in Indonesia is very easy with the huge ability to access global and local markets. Here are the 5 top reasons to start invest in Indonesia.
Hassle-Free Regulations.
With the most up-to-date regulations on investment, it is significantly boosting its economy through continuous improvement on the "Bureaucracy Reform." This makes it easier for business practitioners and investors. Since 1999 to 2022, it has effectively been beneficial to Indonesia's economic growth, while the poverty rate has decreased.. See More for Indonesia's investor visa.
High-Potential Markets.
As the E-Commerce World has grown in popularity, it has had a significant impact on both the local and global economies. As the impact in Indonesian on the E-commerce base for B2B, B2C, and B2G has grown, Because most Indonesians are heavy consumers, the Fintech industry is booming.
Resourceful.
Indonesia is a place for natural resources such as nickel, palm, ore stones, and copper, which are very important for industry. It is also a place for cotton, rice, palm, coconut, and many different fruits, rare spices, and vegetables, making it a paradise for agriculture. Natural Resources, you will have no trouble locating natural resources for your business.
Strategic Location.
It is a major oil hub on the Silk Road, right next to the Malacca Strait, transporting 25% of the world's trade, including petroleum, Chinese industrial products, coal, palm oil, and Indonesian coffee. Coal, palm oil, Indonesian coffee, and liquefied natural gas are among the other commodities transported through the strait. The Malacca Strait facilitates the transport of goods and resources to and from Indonesia. As it is located in the heart of Asia, it facilitates travel to important countries such as Hong Kong, Singapore, Korea, China, and India.
Work-force.
With so many young generations, Indonesia is the world's fourth most populous country. There are also a lot of skilled engineers and professionals with a lot of passion and personal accomplishments. Indonesia, with its low minimum wage, may make it easier for your production and business to grow.
Learn more about investment opportunities and investor visas.
Related Articles :
Best Golf Course Around Jakarta
Sky Gazing Restaurant In Jakarta 2022
Living In Indonesia as an Expat
Indonesia world's middle class country
The best way to get around Jakarta in 2022
Investor KITAS: Beneficial Investment Contribution in Indonesia
Traveling to Lombok? Make sure to visit this special ethnic groups.
Banner Photo By Afif Kusuma on UnsplashPosted By Derry Khudlori