In the last 50 years, Indonesia has experienced massive improvements in terms of the economy. Once an underdeveloped nation, Indonesia now stands as the largest economy in Southeast Asia. That is thanks to the country’s strategic location and the government’s continuing actions toward progress. As a result, more and more entrepreneurs are taking full advantage of Indonesia’s opportunities, and looking to incorporate company Indonesia.
What are the different opportunities companies can get in the country? Here are the top benefits of incorporating in Indonesia.
Indonesia is currently considered an upper middle income and a newly industrialized country. Additionally, it is one of the emerging market economies of the world. Its GDP per capita is at US$ 3,890. Indonesia is also now a member of the G20 major economies of the world.
Further, the country is a major exporter of crude petroleum and natural gas in the world. It is also the main supplier of rubber, coffee, cocoa, and palm oil globally. Aside from commodity production, the country also shifted to manufacturing, trade, and services. Its top export partners and inventors are the United States, China, Japan, and Singapore. But other countries are increasingly taking advantage of Indonesia’s competitive market.
Located in Southeast Asia, Indonesia is an archipelago with the Indian Ocean on its west side and the Pacific Ocean on the east. This allows easy foreign trade and exchange of goods to and from the country. Indonesia also ranks high in the world as a country with the longest waterways that makes it an ideal business place.
Many countries struggle with development because of deep-rooted corruption. Indonesia was one of those countries before. But with their administration’s determination to fight corruption, there have been positive changes that allow doing business in the country more appealing.
Indonesia is blessed with rich natural resources. The country has an abundance of commodities such as coal gold and gas. Several large-scale projects have boomed from the widespread exploration for deposits of oil and other minerals. It is also the world’s major producer of other commodities like sugar, tea, tobacco, copra, and spices. If you are interested in this line of business, then Indonesia is a favourable place to start that kind of business in.
Register a Business in Indonesia
Registering a business in Indonesia is now much easier with the help of our professional teams in 3E Accounting Indonesia. We specialize in assisting new business owners set up the legal framework for their business. Contact us today to know more about our business registration packages.