Looking to set up a company overseas? Here are 5 reasons to choose Indonesia
Trying to find opportunities to grow a business can prove quite frustrating at times. The costs involved in one’s homeland can be prohibitive, with punitive tax rates just another drawback seemingly looking to thwart the efforts of those trying to make the most of their entrepreneurial drive. It is little wonder that a growing number of individuals consider setting up businesses elsewhere.
Finding the right location requires lots of research and finding out which locations offer incentives and ease of doing business, as it would be pointless to start something new and then encounter the same old obstacles. Help might be required along the way, such as assistance for foreign company registration in Indonesia. Here are 5 great reasons to choose Indonesia for setting up a new business.
- Things might be in decline in some parts of the world, but the opposite is true in Indonesia, which has a flourishing market which continues to grow at a rapid rate. There is a strong domestic demand among the expanding middle-class population who want to spend their disposable income regularly. This provides massive opportunities for those who produce quality goods that can be sold at a price that leads to increased profitability.
- One of the problems that many businesses find in their country of origin is the spiralling costs. At the top of this are the wages and having to provide things such as pensions for employees. These can be crippling to those still wanting to clear a profit, which means often corners are cut to benefit nobody. Labour costs in Indonesia are significantly lower compared to elsewhere, without the quality of employees suffering, with streamlined payroll services also helping.
- It is important not to set up a business that might be in a remote location, as some fall into the trap of when they are looking to cut costs. Indonesia is strategically placed to do business with other nearby ASEAN countries, with various trade-free agreements being in place. This opens the opportunity of increased regional as well as worldwide markets being tapped into, as well as the country being handily located on major trade routes.
- Those who decide to set up in Indonesia will feel welcomed as they receive tax benefits previously alien to them. They may look at ways to apply for building approval along with the simplified registration process, which can be put in the hands of a professional team to ensure a seamless operation is properly managed when setting up in specific investment zones.
- With so much turbulence in the economic and political situations around the world at present, it is good that a destination such as Indonesia can still offer a stable environment for those looking to do business as a foreigner. The favourable climate where businesses can thrive is thanks to its macroeconomic policy, welcomed by all entrepreneurs.
The strategic location provided by Indonesia, along with tax reductions and government incentives, makes it an attractive place for a foreigner to open a business.
