INVEST IN INDONESIA
Indonesia is the 16th largest economy with more than USD 1 Trillion of GDP with stable economic growth with more than 5% p.a.
WHY INVEST IN INDONESIA?
Largest population in Southeast Asia
Indonesia has the largest domestic market in Southeast Asia with a population of more than 272 million. 2 out of 3 people are of working age which will boost the country's productivity. It also has a robust domestic market with more than 64 million people in the middle class.
High openness to foreign investment
Most business fields in Indonesia, including e-commerce, restaurant, toll road, and futures brokerage, are open to 100% foreign ownership. Indonesia also improved 47 positions on World Bank's Ease of Doing Business (EODB) indicator, holding the 73rd position in 2019.
Fast and robust economy growth
In the last five years, Indonesia has a robust and stable economy growth with more than 5% p.a. Mckinsey reported that with this growth rate, Indonesia will be the 7th biggest economy in the world by 2030.
USD 1 TRILLION
The 16th biggest economy in the world
Indonesia's GDP reached more than USD 1 trillion in 2019. The economy is dominated by a strong contribution from certain sectors such as mining, petroleum & natural gas, and textile.
High mobile & internet
Indonesia's digital economy is worth USD 40 billion with a 28% CAGR. Out of the total population, it has 176 million internet users with 17% penetration growth. It creates a huge opportunity to unlock the hyper-growth of digital economy in the future.
Good credit rating by S&P and Moody's
Indonesia's credit rating is considered "investment grade" by S&P and Moody's. It has been rated BBB/Stable by S&P and Baa2/Stable by Moody's.
IMPROVED INVESTMENT CLIMATE
Open policies for foreign direct investment
Simplified investment regulation and licensing
Tax holiday and tax allowance
Super tax deduction
Import duty facilities
End-to-end services and tailored facilities
HOW TO INVEST
1. Observe the potential sectors/industries
Look up our market intelligence data to observe the most potential sectors and projects to tap in. Check the Indonesian Positive Investment List to identify which business fields are open, open with certain conditions, or closed to foreign investment.
2. Set up a foreign representative office or a company in Indonesia
In order to conduct business in Indonesia, a potential investor could establish a temporary foreign representative office (FRO) or directly set up a company in Indonesia. The purpose of the FRO is to test the Indonesian market before committing to an investment.
3. Register to the Online Single Services (OSS)
OSS is the single online portal for investors to register and maintain their business license and activities in Indonesia.
4. Obtain a Business Identification Number (NIB)
Login to the OSS portal and complete the required data to obtain a Business Identification Number (NIB).
5. Obtain a Business License and start operations
A Business License is issued with the commitment statement for location permits, environmental permits, and building construction permits.
INDONESIA INVESTMENT DAY
HOW IIPC CAN HELP
foreign representative office (fro)
Along with the Indonesian embassy in your country, we can assist you in establishing a legal entity for your company in Indonesia.
letter of reference
As part of a company setup, the IIPC processes the letter of reference (LOR) for your company to operate in Indonesia.
This is a quick guide that elaborates on all the procedures and documents to establish your business in Indonesia.
CONSULT WITH US
The Indonesia Investment Promotion Center (IIPC) New York office is the official representative of the Indonesia Investment Coordinating Board (BKPM) for the America region. It provides free consulting services on Indonesian investment opportunities, procedures, and assistance to identify potential local partners in Indonesia.
For any investment consultation, contact:
646-885-6600 or fill out the following form
New York Office
370 Lexington Avenue Suite 1903
New York, NY 10017
Indonesia Head Office
Contact us: 646-885-6600
Indonesia Investment Coordinating Board
Jalan Jendral Gatot Subroto No.44