Historically, Indonesia was one of the world's poorest countries. Since then, the country has grown at an annual rate of 5.6 percent on average. It is now classified as a middle-income country. We saw one of the fastest decreases in poverty in history, but we also saw the establishment of a solid and increasing middle class in Indonesia. One in every five Indonesians is now middle-class and does not need to worry about money. Indonesia requires a stronger and more stable middle class in order to maintain its economic trajectory. Approximately half of all household purchases are made by the middle class. This group contributes significantly to economic growth. 43 percent of business owners create the majority of the jobs needed to support the expanding population. These people are more likely to invest in human capital for future generations, and they provide roughly half of all indirect taxes used to fund government programs that help the country thrive.If Indonesia is to prosper and reach middle-income status, it will need a much larger middle class. This will demand a major emphasis on the aspiring middle class, which includes the 115 million Indonesians who are no longer underprivileged or vulnerable but have not yet achieved middle-class status. Giving them a road to the middle class would not only boost the country's prosperity, but would also aid in the reduction of poverty and inequality. More Indonesians will need to complete secondary and postsecondary education at institutions that can provide them with the skills needed to function in the modern world in order to increase the number of Indonesians in the middle class. This puts them in a better position to seek better jobs, especially formal ones in higher-paying services that can help them enter the middle class. When people return to the aspirational class, around 40% of them return to the middle class. This means that a strong social safety net will be required to protect people from major shocks.There is no time to be idle. There is a chance that Indonesia's middle class will not be able to give as much as they could. Already, there are signs that they will not contribute to Indonesia's growth. They pay no personal income tax, and an increasing percentage of middle-class people prefer private health care and education than public. To ensure that participation is open to everyone in the middle class, as well as those who desire to be in the middle class, Indonesia will need to agree on a new social compact. This will mark the beginning of a new collaboration between the state and its increasingly prosperous citizens. The state will ensure that its population continue to use its services through upgrading public services, increasing upward mobility through better jobs, and increasing people's resilience through enhanced social protection. Furthermore, by paying their taxes on time, taxpayers will help the state fund these projects. Our objective is that this research will inspire debate about how to increase upward mobility and create a new inclusive economic model for Indonesia. As long as Indonesia has a clear picture of its issues and a clear vision for the future, it has the capacity to execute another miracle: to break free from the middle-income trap and transform itself into a more inclusive and prosperous society.In a variety of ways, the middle class has been linked to economic progress. The middle class has long been regarded as an important contributor to economic success in Western Europe (Adelman and Morris, 1967). The middle class gains economic power in a variety of ways. The first is that domestic markets are crucial for economic growth. If the middle class grows large enough, it has the potential to make a significant contribution to economic advancement. This is because the middle class has more money and is more picky about what they buy. Economists believe that a certain size of the domestic market is required to offset the costs of industrialization and overseas trade. They claim that a sizable middle class is essential because there is insufficient demand to fund these expenditures. Furthermore, middle-class people can aid by generating a big market for innovative ideas, which helps keep the cost of new goods low (Matsuyama, 2002). Middle-class expansion in countries like as India and China is expected to enhance future global expenditure, offsetting a fall in demand for autos and apparel among Americans and Europeans (OECD, 2010). With greater money, the middle class may invest in things like human and physical capital, which will help the economy grow further. The impoverished may be unable to earn or save enough money to meet a minimal investment need for human or productive physical capital acquisition in imperfect credit markets (Banerjee and Newman, 1993; Galor and Zeira, 1993). The middle class, on the other hand, has significantly more money and can invest in both types of capital.It leads the stock market to rise and the economic growth to expand. Increasing middle-class people equals more wealth gained over time. Rising middle-class participation may also influence how society views investing in people's abilities. As a result, Indonesia has been regarded as an excellent area to do business and invest.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.Posted By Derry KhudloriPhoto By Ramdhani Arifin

Indonesian Society Towards ExpatIndonesian Capital : JakartaIndonesians are often considered to be fairly nice and easy to get along with, and the best part about living in Indonesia is that the people are typically polite, hospitable, kind, and quite relaxed.On the one hand, it is a highly developed country with some of the most incredible modern cities in the world. The capital, Jakarta, is the world's second-most populous urban region, behind Tokyo, with an urban core centered on global commercial and financial organizations. Due to its proximity to Tokyo, Hong Kong, and Singapore, three of our other top expat destinations, it has earned a well-deserved reputation as South East Asia's economic city.Indonesia is famed for its warm hospitality, and Indonesians are often regarded as some of the world's friendliest people – so you'll have no trouble settling in.You may get a sense of Jakarta's civilization just by watching how its citizens interact. This may be different in other parts of Indonesia. According to my own experiences, the majority of expats feel at ease, welcomed, and assisted if they become disoriented in a new location. My wife, who was an expat, went to a nearby market two kilometers away during a trip with my 4-year-old son. She did it to stay fit while living in the same neighborhood (kampung) as us. Along the way to the market and back, three motorcyclists approached her and asked if she needed assistance or a ride home. If you require assistance, an Indonesian can assist you. If you're unsure of your destination, avoid walking alone in the area, as there are very few who can communicate well in English. If you're in Bali, the story will be different if you roam around and are occasionally assisted by a biker.NeighborhoodIndonesian neighbors are helpful and caring: while we lived in Jakarta, a neighbor would periodically knock on our door and offer us a platter of cakes or, more commonly, Indonesian cuisine (ayam pop/chicken curry). We both appreciated the elderly lady's generosity in sharing Indonesian pastries and delicacies. Many people believed that finding a good neighbor would be extremely difficult. It's similar to luck, but once discovered, you can create your own heaven. When you get to know the people in Indonesia, you are extremely likely to meet a good neighbor. Once you've accomplished that, you'll be approved and welcomed into a free society.Living expenses.The cost of living for a single expat, a couple, or a family can vary significantly. In Jakarta, the average monthly rent for a studio/tower apartment ranged between Rp 3,000,000,- and Rp 16,500,000,-. Monthly costs for a family of four are expected to be Rp.26,129,566,- Rp without rent, while monthly costs for a single individual are anticipated to be Rp.7,493,223.95Rp without rent.Indonesian educationAs an expat living in Indonesia, you'll want to check into private education options for your children as there are few public schools which deliver their teaching fully in English class.Indonesia, fortunately, has a plethora of private schools, particularly in Jakarta. British and Australian education systems are both well-liked.Private schools can be costly, with some costing upwards of $35,000/£25,000 per student each year, but there are also possibilities for as little as $6,000/£4,500.Indonesian healthcareIndonesia's healthcare system is developing, Although government investment on healthcare has expanded significantly, and in 2014, a universal healthcare system was adopted. Many Indonesians, however, continue to rely on private health insurance, particularly for services not covered by the country's standard healthcare coverage, such as mental health services.Indonesian FoodThe food is terrific for some reasons for the expat living in Indonesia as there are many foods traditionally made in Indonesia as for its richness of culture, you will be able to see it on the the streets here are filled with excellent food that will keep any tourist or visitor coming back for more. Here are the top 5 foods in Jakarta.Nasi Goreng (fried rice)The most popular dish in Jakarta may be found in every nook and cranny of the city. It's more than just fried rice with lots of goat meat and vegetables. It's rich in spices and butter, making it a wonderful supper. Traditionally, shrimp paste is added to make it even more delectable.Satay Chicken is one of the most versatile meats on the planet, and satay is nearly synonymous with Jakarta and Indonesia. Satay is a dish in which chicken marinated in sweet soy sauce is skewered and cooked to perfection. It is served with peanut sauce and garlic flakes as an appetizer.Bubur Ayam, This is the pinnacle of all porridge on the planet! It's a porridge stuffed with fried crackers, fried soybeans, tofu, and finely shredded chicken. Adding chicken broth elevates the flavor to a whole new level. What a voracious appetite!Martabak, an Indonesian pancake loaded with a variety of toppings such as Toblerone, peanuts, Nutella, chocolate sprinkles, butter, cheese, and condensed milk. The pancake is folded in half and cut through evenly so that the toppings remain in the center, enabling the flavors to erupt and leaving you with a sense of contentment, causing you to savor every bite of this treat. This meal in Jakarta was first brought by the immigrant Muslim population from the Indian subcontinent and has taken over the Indonesian food scene by storm.Nasi PadangThis is the quintessential Jakarta meal that everyone should try if they visit the city, and it is a gourmet experience not to be missed! It begins with steamed rice and continues with a variety of additional foods, ranging from beef rendang to fish head curry. An assortment of 14 to 16 dishes is kept, and you only pay for what you eat!To know more about Indonesia and how you can get Indonesian KITAS click here and book a free consultation.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 and posted By Derry Khudlori Photo By Ramdhani Arifin

As we all know there are many reasons why HNWIs crypto investors need an alternative residence or passport. Beside the offshore is an asset tool and wealth protection, other reasons as tax exposure, opportunities, liquidity and business.In most jurisdictions, digital assets are recognized as a commodity, and not as a currency or money. It means that in order to use crypto currency to buy citizenship or residency, the coins must first be sold and changed into fiat. As it's not possible to obtain citizenship of another country by directly investing in Cryptocurrencies.Every citizenship or residency by investment program requires passing a due diligence check, as a background check, wealth check and vetting process. In many cases, it is hard to document earnings in the cryptos. However, showing digital coins in the form of cryptocurrency is not enough to prove that the source of these assets can be considered as ‘legal’. Enrolling in the program may require providing certain evidence of funds, and especially if they are accumulated through a crypto market. The crypto investor must show the legality of the source of the money with which they bought the cryptocurrency, as well as to whom and how, including the prices for which it was sold. And not only that, the investor also needs to declare whether any taxes paid on it. In the case of selling bitcoin for cash, one needs to provide a selling contract if participating in any citizenship or residency by investment program.There are ways and options to legalizing income from cryptocurrencies:Cryptocurrency is traded on a regulated marketplace operating in jurisdictions where such transactions are permitted. The legality of the investors’ profile is usually documented by that particular country or marketplace. For example, certain cryptocurrency exchanges require clients to fill out extensive KYC and due diligence forms before they are able to trade.Taxes paid (full and on time), as income tax, capital gains tax, or other personal taxes before purchase, and after-sale of a cryptocurrency.Proof of all international/offshore bank account transactions in conjunction with the applicant’s bank.A source of income. Investors use the money from the sale of coins to start a business, where the investor will have a source of income that is acceptable to any migration office.Regarding the application process of the citizenship or residency program by investment , and to minimize the risk of the application being rejected, the Investor should contact a lawyer or advisor who specializes in cryptocurrencies transactions.Or contact us, NG Global Citizens for a free consultation and find out more how we can help you and your family.Contact us: Website : www.ngglobalcitizens.comEmail : nani@ngglobalcitizens.com or info@ngglobalcitizens.comTel. : (+62) 878 6300 1818 or (+1) 8696625719Written By Nani Yuningsih M.Pd.Picture By Ramdhani ArifPosted By Derry Khudlori

St. Lucia is without a doubt one of the best Caribbean islands for retirement. There are numerous first-rate white sandy beaches, refreshing waterfalls, tropical rainforests, and stunning views to enjoy on the island. Retire to Castries or Rodney Bay if you want to be entertained and surrounded by activity. The real estate market in St Lucia is thriving and offers wonderful home choices. Retire at Soufriere or Marigot Bay and live an exceptional life in the Caribbean. Good Food in Saint Lucia fresh fruits and vegetables, such as oranges, onions, tomatoes, and potatoes, are available at all of the island's local markets. The indigenous cuisine, which is a mash-up of French, East Indian, and British dishes, is also delicious and can be enjoyed anywhere on the island. the cost of food in St Lucia is generally affordable. St Lucia has a favorable tax policy. St. Lucia has an excellent tax system. In St Lucia, there is no capital gains tax, inheritance tax, or wealth tax on worldwide income or assets. St Lucia's health-care system All cities and villages in St Lucia have health and wellness centers that offer free medical treatment to all inhabitants and residents. Health care is privately funded, and there are a variety of insurance firms in St. Lucia that offer affordable health insurance. St Lucia's expat communities The expat community in St Lucia is regarded as one of the friendliest in the world. Golfing and sailing are particularly popular among St Lucia expats. St Lucia is an appealing Caribbean retirement destination due to its Citizenship by Investment Program and high quality of life. St Lucia's Domestic and International Access Saint Lucia is well connected to the rest of the globe, with the George F.L. Charles Airport in the north and Hewanorra International Airport in the south. Castries' George F.L. Charles Airport serves domestic flights, while Hewanorra International Airport serves international flights. St Lucia’s Strong Passport Saint Lucia has a large list of nations that do not require a visa to travel throughout countries around the globe, allowing you to travel around the world whenever you want, without the burden of obtaining a visa. Learn more about Saint Lucia, including its free visa travel list, as well as how to get a St Lucia passport for your retirement, Follow click this link. Picture By Ramdhani ArifPosted By Derry Khudlori

Citizenship by investment St. Kitts and Nevis is the oldest and most internationally recognized renowned investment program of its type. And it’s much more than just enhancing your global mobility, it’s protection for your family and wealth.  So what is Asset protection?  Asset protection is a component of financial planning intended to ensure your wealth as money, assets such as real estate or stock is protected. Through Offshore Banking and Trust you can optimize your assets protection.  Here is what you need to know about Offshore Banking  Offshore banking refers to opening a bank account in a foreign nation. Offshore banking comes with a multitude of benefits such as:  Being able to diversify your currency  Offshore banks usually deal with all types of currency, unlike domestic banks that focus on local currency and may have unfavorable exchange rates. Offshore banks in St. Kitts & Nevis are adept at operating with a multitude of currencies worldwide.  Simplifying International Business  Offshore banks facilitate international transfer and closing global business transactions and deals.   Ultimate security and Privacy  Offshore bank St. Kitts & Nevis have complete privacy and quite exclusive also protect your assets.  Crypto Friendly Trading  For Crypto investor opening a Offshore bank St. Kitts & Nevis gives you a lot of benefits as St. Kitts & Nevis is one of the most crypto friendly nations in the world and has a multitude of Bitcoin ATMs throughout the cities.  Here is what you need to know about Offshore Trusts  Offshore trusts are the ultimate asset protection tool. A trust is a framework upon which the investors (trustor) shifts all ownership of certain assets to the trust manager (trustee) along with a letter of order on how to use or distribute the funds to any other party (beneficiaries). Trust law in Saint Kitts & Nevis is popular for favoring the investor over creditors, also allows the trustee to be beneficiaries of the trust or for the trust to conduct its own international business. There are benefits of opening a Offshore trust in St. Kitts and Nevis as:  Complete Asset Protection  By shifting ownership of assets to trust no one can come and take them from you. But through your instruction (trust deed), you maintain full control over your assets. There is no court or creditor that can force you to terminate the trust and pay them, as you technically don't own the assets.  Protection against Lawsuits  For a creditor to take money from your trust, they need to sue the trust itself, Suing a Trust in St. Kitts and Nevis becomes a convoluted process that entails high legal fees, the process takes a lot of time and risks.  Tax incentives A Trust in St. Kitts and Nevis may help out with taxation depending on the country the trustee is from. Trusts in St. Kitts & Nevis lower the burden of wealth by transferring assets ownership, therefore affecting wealth tax. Saint Kitts & Nevis Trust law also allows trusts to conduct business on their own according to the trust deed, and the income generated by the trust can be taxed favorably, or not even taxed at all depending on the case.  The perfect Alignment Gaining Saint Kitts & Nevis Citizenship grants you a status for Citizens when opening bank accounts and Trust, which means you are not bound by International law, but local law that favors heavily. NG Global Citizens provide individuals, businesses and families from all over the world with international immigration and business consultancy services.  Some area where we can help are:     Citizenship and Residency by Investment.         Finding the right professional Trusted Partners as international legal and tax.     Concierge Services        International Property Search    To know more about the subjects, please contact us directly and book a free consultation with one of our Citizenship by Investment expert or visit our website  https://ngglobalcitizens.com  For further information, please send us an email to  info@ngglobalcitizens.com  . You can also call us on  (+1) 869 662 5719  or send a WhatsApp message to  (+1) 869 662 5719By Ms. Nani Yuningsih M.Pd. Banner Photo By Dhani

If you live in Jakarta, there are no quick ways to get around. The bus-only lanes of the Transjakarta Busway make it one of the fastest ways to get around in Jakarta because it is so quick. These, on the other hand, may get jammed up with traffic as well. Motorbikes and cars Rental cars may be more cost-effective if you have a driver to help you out (for short journeys and full-day rentals). Go-Jek motorcycles are cheaper and faster than other ways to get around, but they are also more likely to get dirty and be less safe. Taxi, One of the best ways to get around town (and it has air conditioning, too)! Bluebird is the best choice. Make sure your taxi has a meter if you're going to a different place to get a ride. The best way to get around Jakarta in 2022: 1. Ride a bicycleCyclists should only ride their bikes in areas that have been marked. As a whole, this isn't a good idea. There are too many potholes and too much chaos. Getting around on a bike in Jakarta is almost impossible because of the city's bad traffic and lack of bike lanes. This is especially true outside the city's mostly traffic-free tourist zones. A lot of people ride bikes on Sunday between the main streets of Jl Sudirman and MH Thamrin. 2. The bus is coming.The Transjakarta Busway system has sped up city transportation a lot in the last few years. Tourists should not ride on other buses because they are slower, hotter (no air conditioning), and more crowded (pickpockets can be a problem). The Jakarta busway There is a system of air-conditioned buses called Transjakarta that runs on busways that have been approved by the government (designated lanes that are closed to all other traffic). They can help you move quickly across the city. Koridor line 1 is one of the best ways to get to Kota from the city center. It goes through Monas and along Jl Sudirman. People at stations can see Peta-rute route maps, which help them figure out how to get there (www.transjakarta.co.id). In most cases, busways have been built in the middle of existing highways, with stops about a mile apart. Each station has a shelter and is accessible through raised walkways. There are now fifteen koridor that can be used. It costs between 3500 IDR and 9000 IDR to take the train. It goes to all the train network's stops (regardless of how many koridor you use). People can buy a stored value card for 40,000 IDR, which comes with a 20,000 IDR credit. For group trips, you don't need to buy more cards. You can share the one you already have. Buses are often available from 5 a.m. to 10 p.m., so they are often full. In the morning and afternoon, some traffic is sent to the busways, which slows down the flow of traffic. They all run 24 hours a day. Buses Koridor 1, 9, 3, 2, 5, 8, and 10 all run. In general, they run every 30 to 60 minutes, depending on the traffic. For this reason, it is always a good idea to leave extra time for each trip. Due to a lot of traffic, buses don't always run on time. 3. Cars and MotorcyclesPeople who want to rent a car from a big company can find them both at the airport and in the city. Most tourists hire a driver to help them get around the city's complicated network of streets. For 500,000 to 700,000 IDR per day, these may be ordered via your hotel or using the Grab app. If you pay for the trip, you don't get tolls or parking. Odd and even license plate numbers aren't allowed to enter the city on different days in an effort to cut down on slow traffic. You can ride a motorbike in Jakarta if you're brave enough, but it's not a good idea for people who haven't done it before. It's better to use Go-Jek or Grab bikes. A helmet is provided by both companies as part of their ojek service. Short trips cost about 25,000,- IDR. 4. Taxi serviceTaxi fares in Jakarta aren't very high. The flag fall costs 7500 IDR, and each 100 M after the first kilometer costs about 300 IDR. Thank you for the tip. When it comes to talking in English, most cab drivers aren't very good at it. To help them understand where you're going, write down your destination in Bahasa or show them a map of the area where you're going. Taxis aren't all created equal. Many hotels and taxi stations use Bluebird cabs, which are the most trustworthy. You can use the company's mobile app to place an order. Uber recently bought Grab, which is based in Singapore and offers cheap transportation (around $30 for eight hours of driving around town). It has apps that let you order and manage your rides, so you can do that. He or she might not be able to speak English. Parks and tolls are not included in the ticket price. 5. Take the MRT and LRT.Both the new Jakarta MRT and the Jakarta LRT, which is a monorail, are now open. You can also take a train to Bogor. The government is building a high-speed train track to Bandung from Jakarta, and it's considered it will only take 30 minutes to get there. 6. Bajaj.Bajaj. Allow them to move a little faster than other ways of getting around. They may, however, get stuck in a lot of traffic. tourist may end up paying more for it because it is hard to figure out how much a Bajaj should cost. Normally you would talk and negotiate with the Bajaj Driver/Rider in the first place before getting on the Bajaj. The author will recommend that public transportation is best for everyday things, but if you want to go out for a nice meal, you can take a taxi or a grab car. If you're running late for a meeting, you can use a gojek or a bicycle to get there.Check out this link to find out more about the country and Investment in Indonesia. 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 Rumah123.com/Getty Images By Derry Khudlori