Due to the lack of sufficient jobs in Indonesia, the government has continued to promote entrepreneurship. This is because of the potential job creation and was seen as a way of poverty reduction in the Republic. While the focus is now heavily targeted on the training of start-ups and micro businesses for the underprivileged, the welcoming of new business is also a major priority for the Indonesian Government.
Amongst the potential areas of business are the disruptive SaaS, IoT, AI, or even robotics, but they are just not more relevant for our discussion on promising business sectors in Indonesia.
Being ranked as the world’s fourth most populated country, Indonesia takes pride in its more than 270 million population which offers both great potential to foreign businesses, big and small. Indonesia is living a dynamic life in many aspects. Trends are frequently changing and the population – with the increased number of skilled millennials with purchasing power – is evidence that people in Indonesia are great consumers of services and products.
Investing in Indonesia will remain a promising yet challenging venture for the investors and it will result in more work and research to do on every forefront. Simplified rules and regulations, fast track license and permit acquisition and a variety of attractive incentive are some of the success factors for the country to attract more potential investors to finance business in the country.