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There are many compelling reasons to launch a business in Indonesia, but we won’t go into those reasons here, this piece is geared towards foreigners who have decided that they want to launch a business in Indonesia and are now trying to figure out the best way to do so.
The following information outlines the new procedure for acquiring an Indonesian work permit, along with what you should expect throughout this process. If you require further assistance on acquiring your Indonesian work permit, get in touch with us.
Nominee shareholders are people or companies that register as company shareholders on someone else's behalf. This type of ownership structure is not legally recognized in Indonesia; however, it does provide certain advantages that may make it worth the potential risk for some foreign investors.
Bold and rapid economic growth in the near future is forecast to feature more inclusive expansion, with nominal per capita GDP predicted to increase four fold over the next couple of years, according to a report from Standard Chartered PLC. Politically stable, economically strong and reform orientated Indonesia is a developing global player, and an Asian country that merits attention -- irrespective of the sector.
Indonesia has the fourth largest population in Southern Asia, and is presently the sixteenth biggest economy worldwide. During the last ten years, the country has experienced major economic growth. And although this larger economy is appealing to investors, it is wise to remember that there are also challenges associated with doing business in Indonesia.