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Top 5 Reasons To Start Investing In Indonesia
Top 5 Reasons To Start Investing In Indonesia

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 JakartaSky Gazing Restaurant In Jakarta 2022Living In Indonesia as an ExpatIndonesia world's middle class countryThe best way to get around Jakarta in 2022Investor KITAS: Beneficial Investment Contribution in IndonesiaTraveling to Lombok? Make sure to visit this special ethnic groups. Banner Photo By Afif Kusuma on UnsplashPosted By Derry Khudlori

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Investor KITAS: Beneficial Investment Contribution in Indonesia
Investor KITAS: Beneficial Investment Contribution in Indonesia

Indonesia is a hugely promising country, with tremendous natural resources, labor force, strategic location, and a hassle-free government administration of the economy and regulations for investors, one of the most known programs is the Investor KITAS Visa program. Indonesia is a G-20 member with the world's fourth-largest population and the world's tenth-largest economy in terms of purchasing power parity. According to international analysts, Indonesian Foreign Direct Investment is expected to reach 150.00 trillion IDR in 2023. Since the Indonesian market is a potential target for investors, by the Investor KITAS Visa makes it easier for international investors to begin investing, managing, and controlling their businesses in Indonesia. Then, what is investor KITAS and how to become their investor? What benefits can you get from becoming an investor KITAS in Indonesia? This article will explain to you more about the investor KITAS. What is Investor KITAS?In Indonesia, KITAS is an acronym for Kartu Izin Tinggal Sementara, known as Temporary Residence Permit globally. People can stay in Indonesia temporarily if they become an investor KITAS.The KITAS was established in 2011, but not many investors know about this. Until 2019, the government decided to fix the term of KITAS and offer it to the investors who are interested in this program.As side information, regular KITAS is different from the investor KITAS. Many people mistook the two programs to have other functions and purposes. If you want to become an investor, you must choose the investor KITAS program. Whatโ€™s The Benefit for The Investor KITAS?As mentioned above, the investor KITAS will gain free access to stay in Indonesia during the period agreement. They donโ€™t have to stay for the whole year but can leave and come back again without having visa issues.Besides the free access to stay in Indonesia, the investors can get a working permit, which will be the most beneficial thing for people in business globally. The investors donโ€™t need to pay the work permit fee to work or gain income in Indonesia.If you want to use the work permit, there are some criteria you have to follow, which are the first one, your business should be able to give opportunities to the Indonesians. It can help the government to reduce the unemployment rate in Indonesia. As for the second criteria, the investor has to handle all business activities as per the standard regulation in Indonesia. Whoโ€™s Eligible to Apply Investor KITAS?To become the investor KITAS in Indonesia, it would be best to meet some qualifications. First of all, you need to have a capital gain of at least 10 billion rupiah. The capital gain should be authorized for a minimum of 25%.As an investor, you should have a personal share with a minimum value of 1 billion rupiah. The personal shares can be invested in a PMA company, and you need to hold the title of either Director or Commissioner.How to Apply Investor KITAS?If you are interested in applying for investor KITAS, you must prepare all required documents and sign an application letter. In the next step, you need to issue the investor KITAS at the Indonesian Embassy abroad and wait within 60 days for the approval. After the approval, you will receive a visa sticker. For a side note, you must enter Indonesia within 90 days to convert the VITAS into the investor KITAS. It will take 14 working days to wait for the conversion. We understand the process you need to get through to apply for investor KITAS in Indonesia takes a lot of time and effort. Thatโ€™s why NG Global offers you our service to handle the application process. Contact us to get more information or if you have any questions regarding the application for investor KITAS. Related Articles : Best Golf Course Around JakartaSky Gazing Restaurant In Jakarta 2022Living In Indonesia as an ExpatIndonesia world's middle class countryThe best way to get around Jakarta in 2022Investor KITAS: Beneficial Investment Contribution in IndonesiaTraveling to Lombok? Make sure to visit this special ethnic groups. Written By Eufrasia JoanImage Source: Pixabay By MadebyNastiaEdited and Posted By Derry Khudlori

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Why Should You Consider Grenada As Your Second Passport?
Why Should You Consider Grenada As Your Second Passport?

Grenada has long been blessed to be one of the most precious of the Caribbean islands, a site of many different world's spices and breathtaking natural beauties such as sandy beaches, waterfalls, and pure crystal coastline. Grenada, as a Commonwealth republic, is known not only for its beauty, but also for having one of the most popular citizenship by investment schemes in the world, as well as one of the greatest second passports with so many benefits for many investors all across the globe.To name a few advantages, there is an offshore bank account, low tax rates, so affordable cost of living, excellent internet connection, excellent infrastructure, and ideal weather. as it is located in the heart of the Caribbean, investors can easily access all of the islands around Caribbean. Grenada also has some of the world's most prestigious multinational banks. The world of Elites are just so easy decision to invest in Grenada of these benefits. There is, however, more to it than meets the eye. The nicest part of investing in Grenada is how quickly and easily it can be done. Read more about Grenadian Citizenship GRENADA PASSPORT BENEFITSWith a second passport to this country, you get to enjoy four high-value benefits.INTERNATIONAL MOBILITYInternational mobility is something that many investors look forward to with a Grenada passport. Grenada residents get visa-free travel to more than 100 countries, including the United Kingdom and all European Union member nations. They can also travel freely to business hotspots such as Hong Kong and Singapore. It is also one of the few countries to be permitted visa-free entry to the Republic of China.DUAL CITIZENSHIPNot all countries allow dual citizenship. If you want to utilize your second passport to increase your portfolio, you'll have to give up your first citizenship, which will negate your efforts. Grenada, fortunately, accepts dual citizens and does not need you to notify your home country of your new citizenship. This provides you with a level of privacy that you won't find anywhere else.TAX AND OTHER FINANCIAL ADVANTAGESGrenada's economic citizens, particularly entrepreneurs and other high-net-worth individuals, benefit from the country's tax perks. If you opt to become a permanent resident after becoming a citizen, you won't have to pay inheritance, wealth, gift, capital gains, or foreign income taxes. You may also be eligible for attractive tax incentive packages, such as tax relief, export allowances, and full import duty exemption. Duty-free shopping is also available throughout the Caribbean.FRIENDLY AND WELCOMING CITIZENSThere's no point in migrating to another nation if you're going to be shunned because you're a foreigner. But it is not a reason to be concerned if you want to reside in Grenada, even if just for a short time. Grenadians are friendly, welcoming, and warm-hearted. Their generosity is contagious, to the extent where everyone in the county greets everyone else and expresses real concern for their well-being.. Read more about Grenada Passport Benefit.THE BEST WAY TO GET YOUR GRENADA PASSPORTTo gain Grenada dual citizenship and the second passport, Grenada offers through its citizenship by investment program can be obtained through simple steps, You must sign with an authorized and certified IMA(International Marketing Agent) such as NG Global Citizen you can Talk to NG Global Citizens Advisor, Choose Investment Option, Prepare Document, NG Submit Your Application, Processing the Application, Approval in Principle, Complete Your Investment. and get your second passport and citizenship with hassle-free.CITIZENSHIP BY INVESTMENT OPTIONSLike other Caribbean countries offering citizenship by investment, Grenada opened up more than one way for foreign nationals to acquire a second passport โ€“ two to be exact. All applicants who choose to undergo either path to Grenada citizenship would need to pay due diligence and other fees on top of the minimum investment they make, as detailed below:CONTRIBUTE THE NATIONAL TRANSFORMATION FUNDThe National Transformation Fund (NTF) was established to develop Grenada to be a prosperous and independent country. It will be focused on financing various industries, such as tourism, agriculture, and self-alternative energy. As a reward for the contribution to the nationโ€™s wellbeing, investors who choose to donate to the fund will gain a second passport. Learn moreINVESTMENT IN A REAL ESTATE PROJECTBeside NTF Contribution, you can also choose the second CBI Option, itโ€™s investing in the real estate that is an approved project by the Grenada Government. Learn moreLearn more about Grenada Citizenship ProgramBanner Image by Hugh Whyte via UnplashWritten and Posted By Derry Khudlori

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Portugal Golden Visa: Living in The Rich Historical Heritage Country
Portugal Golden Visa: Living in The Rich Historical Heritage Country

Located near the Atlantic ocean, with sunlight day shines 300 days per year, added with many spectacular hills and great heritage from the ancestor, Portugal is an amazing country for living. It was nominated as a great destination for retirement in 2020 and also the third rank as one of the peaceful countries in the world. However, the most interesting fact is that you can live there permanently with Portugal Golden Visa.What is a Golden Visa?In technical, this visa is a fast-track of Residence by Investment program that allows non-EU citizens to reside in a country in exchange for a five-year investment in the country. Meanwhile, the โ€˜goldenโ€™ term will be a chance for the holder itself to obtain country citizenship in the several next years if they fulfilled the qualifications. Why Portugal Golden Visa?The main aim of Portugalโ€™s Golden Visa program is to attract foreigners to invest in the country to boost the national economy. At first in October 2012 it introduced, Portugal Golden Visa quickly fill the emptying coffers and relight the Portuguese real estate market after the 2008 economic crisis. It successfully attracted 7,500 investors and injected โ€‹โ€‹โ‚ฌ4,851,321,701 into the Portuguese economy until today. It means almost five billion euros!Before we jump further into the details of how the processes are, letโ€™s see why Portugalโ€™s Golden Visa is so attractive which you should consider getting one. The first is, Portugal has a top-tier passport. This means, by holding it you can travel visa-free to 188 countries. After five years, you will also be eligible to apply for Portuguese citizenship. However, you will not need to move entirely your stuff to the country. You just require to stay there for at least seven days per year.On the other side, you will automatically have a right to access all public facilities (including healthcare and education) and work legally in Portugal as locals. You also have the right to live and work in any of the European countries since you are a resident of an EU country. So, you can live anywhere in the EU countries while waiting for your five years to get your citizenship naturally.Another thing that also is your big benefit when acquiring a Portugal Golden Visa, the minimum investment that you have to make tends lower around the European countries. It only starts from โ‚ฌ280,0000 in Portugal to be a Golden Visa holder. And donโ€™t worry, if you make an investment in real estate, Portugal is one of the most secure and attractive among all the Golden Visa countries. However, if it is not interesting to you, you can choose other investment options, such as capital investment or business investment in the country.Who is Eligible to Apply?If you are a non-EU citizen, at least eighteen years old, and have no criminal records, then you have an opportunity to apply for one after completing the required minimum investment. In this case, the investment fund should be transferred from overseas into a Portuguese bank. You can choose one of the three investment types, either real estate, capital contribution, or business. Where the first is the most popular type of investment among the applicant. In 2022, there will be changes to the requirements for Golden Visa Portugal. For example, real estate investment cannot be made in metropolitan and coastal areas (such as Lisbon, Porto, and Algarve) and the minimum investment for capital transfer and the fund subscription will be increased. Apart from all these the main eligibility, if you bring along your family members, you also need to fulfill the requirement for your dependents. How to Apply?The application for obtaining Golden Visa in Portugal is relatively straightforward. First and foremost what you need to do is to decide the investment type that you will move forward with. Then, you can gather all the required documents and get a NIF & open a Portuguese bank account.  NIF (Nรบmero de Identificaรงรฃo Fiscal) is an individual Tax Indentification Numer used in Portugal. Also knows as the contribution number (โ€œNรบmero de contribuinteโ€).Now, after you prepared all the previous things we mentioned before, you can pay up your investment fund to lock it in Portugal and submit the pre-application. The pre-application will be review by SEF (Portugal's Foreigners and Borders Services) and will be scheduled for a biometrics appointment to make your application official. Finally, after four months from the appointment, you will get your resident card in Portugal! NG Global Citizens is focused on providing a hassle-free and seamless service assisting you with a residency application. We will hand-hold you through every step of the EU residency acquisition process with due diligence and care, ensuring that your application is submitted correctly and followed up to application approval. With our professional team, we will help you to make it easier during the process of getting a Golden Visa in Portugal. Contact us for more details and we will be delighted to answer it for you!Written By Fitria Zahra OctaviaPosted By Derry Khudlori

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Traveling to Lombok? Make sure to visit this special ethnic groups.
Traveling to Lombok? Make sure to visit this special ethnic groups.

Lombok is one of the popular travel destinations in Indonesia, located between Bali and Sumbawa Islands. Like other regions in Indonesia that have many volcanoes and beautiful beaches, Lombok also has their unique nature that makes the island stand out among Indonesia's other destinations.Lombok is dominated by Sasak ethnic group that originally comes from Java Island. If you are a culture connoisseur, there is no doubt to visit Desa Sade where Sasak ethnic live with their original traditions and values in this globalization era. You will enjoy and get to know their cultures and heritages such as below:Buffalo Dung for House โ€˜Cleaningโ€™Although almost Sasak ethnic is Islam, the values from animism and dynamism from the past remained in their cultures. As a tradition to follow the belief inherited by the ancestors, they use buffalo or cow dung to โ€˜cleanโ€™ their houses to avoid the evil power. It might sound gross to you. But in fact, covering their houses with dung also could make their buildings get stronger. In addition, it also brings benefits to repel mosquitos and warmer the house temperature. According to its tradition, they usually cover up their houses with dung once every 4-5 days. They also will do the tradition if the family wants to join some rituals or hold an event. However, there is a certain characteristic for the dung they use. Usually, they only use a fresh one that they took in the morning. For the application, it is so easy. They only mix the dung with water and randomly mop their houses with it. As a result, the floors look shiny without leaving any bad smells.The Natural Material for House BuildingThe typical house of Sasak ethnic group usually uses basic materials that come directly from nature. The wall is made from bamboo brads, and the roof is made of haystacks that are arranged in certain positions. This is also one of the ways of living that they continue from their ancestors. If you ask whether the house can remain for a long time, the answer is surprisingly yes. The materials they used are light ones but can be resistant to shocks or water. The building also uses bamboo as the support beam. Once the house is built with those materials, it could stand for years. Since all the material is natural, the building has good air circulation and feels so comfortable.Kidnapping & ElopementThis is probably the most unique tradition in Desa Sade. If a grown-up man enters the marriage age, he needs to kidnap his beloved woman and secretly elope without getting noticed by the womanโ€™s parents. Usually, the man and the woman have loved each other. In Desa Sade, the couple who plan their elopement will meet at midnight in the tree of love. The tree is believed by the villagers that it can create a relationship long-lasting. In doing the tradition, the man will be helped by his friends. If the man successfully brings the woman without knowing her parents, they two will be legitimated to continue the marriage. But if not, the marriage cannot be accepted.Natural Woven FabricIf you have traveled to Lombok before, you might frequently meet women who sell woven fabric. Well, it is because the fabric is the original art from Sasak ethnic group and a livelihood to increase the family wealth being. In Desa Sade, it is obligatory to be able to weave for women from the age of ten. The material used comes naturally 100% cotton, with the coloring agents that also come from nature. As part of the working process, the villagers are still using traditional spinning machines. Therefore, it is a long process with an average of 2 cm of final fabric per 1 hour. For a completed one (200 x 75 cm), the process will take around 1 month.So, are you interested to see Sasak's special cultures directly? Well, you can give a short visit if you want since it is only about 25 minutes from Praya International Lombok Airport! If you want to get more articles like this, you can find out on our page here. Related Articles : Best Golf Course Around JakartaSky Gazing Restaurant In Jakarta 2022Living In Indonesia as an ExpatIndonesia world's middle class countryThe best way to get around Jakarta in 2022Investor KITAS: Beneficial Investment Contribution in IndonesiaTraveling to Lombok? Make sure to visit this special ethnic groups. Written By Fitria Zahra OctaviaImage by Fitria Zahra OctaviaEdited and Posted By Derry Khudlori

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How It Feels Living in Portugal, a Former of the Great Global Empires
How It Feels Living in Portugal, a Former of the Great Global Empires

Portugal is a small Mediterranean country where tradition and modernity combine in perfect harmony. This country is well-known for its historical cities with medieval era vibes, romantic coastlines around the Atlantic Ocean, and pleasant climates. In terms of public services, medicine and education are well developed, and residents are also given tax breaks. Furthermore, according to Live and Invest Overseas 2020, the country was named the best place in the world to retire, particularly in the Algarve region.Here are some key points we highlighted to help you learn more about living and working in Portugal: People and Culture The majority of today's Portuguese population is a result of the centuries-long mixing of people from various regions, including Iberians, Romans, Germanic tribes, Moors, Jews, and so on. With Lisbon as the most populous city, the capital city has a population of around two million people. Most Portuguese people are warm, friendly, and easygoing.People in the country's north are more formal and conservative. Southerners, on the other hand, tend to be more casual and relaxed. Despite the fact that Portuguese is their first language, everyone understands some English. However, Portuguese is widely used in government agencies. So, if you intend to relocate here, you will need to be conversant in Portuguese at a basic level.Because their history is so connected with the religion, roughly 80% of Portuguese identified as Roman Catholic. Folklore and superstition are also part of Portuguese culture. The unofficial symbol of Portugal, The Barcelos Rooster (Portuguese Rooster) can be found in a variety of forms (ceramic pots, embroidered towels, or aprons) in every local shop. A rooster with a bright red comb with hearts and flowers is a national symbol that represents honesty, integrity, trust, and honor. It is said to represent the Portuguese love of life.Furthermore, unlike many other large cities in Europe, a typical day in Portugal is slow and quiet. Living Costs In comparison to other European Union countries, life in Portugal is relatively cheap. It is one of Western Europe's most affordable countries. For example, renting a city apartment in Lisbon or another well-known area such as the Algarve can be done for less than โ‚ฌ600. A single person's monthly costs in Portugal are estimated to start at โ‚ฌ1,418. Portugal has a high level of secondary and higher education that is recognized throughout the European Union. For registered foreigners in the country, their schools are funded by the state and start at โ‚ฌ950-โ‚ฌ1,250 per year for universities. Besides, as it spends about 9% of its GDP per year on healthcare, Portugal has a high-quality standard. If you are a foreigner living or working in Portugal, you will typically be eligible to access medical services at public hospitals. As for taxes, foreigners with a residence permit can obtain the Non-Habitual Residence (NHR) tax status.It will allow them to reduce the amount of income tax payable in Portugal, approximately 20 โ€“ 48% reduction. This tax exemption could be granted for up to 10 years. Working Culture In business culture, the Portuguese rely mainly on relationships and networking. Traditional companies usually have a vertical hierarchy, so it is an important thing to show respect to superiors and always use titles like Seรฑhor or Seรฑhora when speaking to colleagues. Since a typical lifestyle in Portugal is quiet, residents are in no hurry and can be unpunctual. As for working hours, it starts from 9 am to 6 pm.Although the country ranks well in terms of life quality, it performs poorly in career prospects. Unlike its many neighboring countries, foreign who do move here for employment can find the transition to be difficult. It is better to secure a job before the relocation. However, those who want to work in Portugal can use the word-of-mouth method to find an opportunity. Because sometimes many positions are marketed through social connections rather than being advertised. Foods There is a wide variety of dishes that are deeply influenced by its region across the country.Pasteis de Belem, an original egg tart from Jeronimos Monastery, or Bifana, a barbecue pork sandwich that can be found in Lisbon. Moreover, with such beautiful beaches to catch fish from, Portugal is also famous for its seafood dishes. As the Portuguese celebrate Carnaval every year, eating heavy meats dishes like Cozido ร  Portuguesa (Portuguese stew), Feijoada (bean stew), and Papas de Sarrabulho (a type of meat porridge) is common.Portuguese also love wines. Its northerly Douro River has been the home of the countryโ€™s beloved fortified wine for hundreds of years. Overall, Portugal is one of the dazzling countries that is full of spectacular landscapes and unique cultural heritage. Read more about the essential things that are needed here if you are interested in living and working in this beautiful country.Image by Fitria Zahra OctaviaWritten By Fitria Zahra OctaviaEdited and Posted By Derry Khudlori

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