The approximate time period for company incorporation in Indonesia can range from 2 – 3 months.
Indonesia, officially known as the Republic of Indonesia, is located in South East Asia. Comprising of thousands of islands, its economy majorly relies on Agriculture, Mining, Tourism and Textile Industry. Further, Indonesia has signed Double Tax Agreements with more than 65 countries. Setting up a company in Indonesia is ideally preferred by entrepreneurs also the trust factor plays a pivotal role whiledoing business in Indonesia. Additionally, the tax is levied on a business only on the income generated inIndonesia. Following are the advantages of starting a business in Indonesia. Enumerated below are a fewreasons why company formation in Indonesia can prove ideal for businesses.
Indonesia has a population of more than 270 million and therefore offers a huge market potential.
It is considered as one of the top export destinations across the globe.
The economy of Indonesia enjoys a steady growth every year.
It is a major exporter of crude palm oil, coal, cocoa and natural gas across the globe.
The percentage of foreign investment depends on the negative investment list, which allows for a substantial amount of foreign investment in various sectors as compared to the past.