What is Indonesia’s annual economic growth rate?
Indonesia’s economy has been growing steadily for many years. Its economy typically grows between 5% and 6% during each calendar year. This figure continues to hold true today, as that is the [...]
Which countries are Indonesia’s primary trading partners?
According to the latest statistics, the countries to which Indonesia exports the most are China, the United States, Japan, India, and Singapore. The countries from which Indonesia imports the most are China, [...]
Are Indonesia’s laws on import restrictions expected to be changed?
There has not been any major discussion on changing Indonesia’s laws on import restrictions. Thus, they are not expected to be changed in the near future.
Why must certain items’ importation into Indonesia e restricted?
The government of Indonesia has had to impose restrictions on the importation of certain items into Indonesia. It had to do so due to the adverse effect of such products on the [...]
Why do people attempt to import restricted or prohibited items into Indonesia?
Some of the items which are subject to restrictions or prohibitions of importation into Indonesia include pornographic material, politically sensitive material, narcotics and other drugs, and certain weapons and guns if the [...]
Can anyone be denied business insurance in Indonesia?
An individual or business in Indonesia can legally be denied an insurance cover if the individual or business has engaged in illegal business activities. A business which has a history of bankruptcy [...]
Can foreign business owners receive business insurance in Indonesia?
Any business owner, whether local or foreign, can receive business insurance in Indonesia. For a foreigner to receive business insurance, the foreigner must already have three types of business insurance. These are [...]
How expensive is business insurance in Indonesia when compared to that of its neighboring countries?
Business insurance in Indonesia is cheaper than it is most Southeast Asian countries. The rate of life insurance fell to 15.8% in 2017 from 17.9% in 2013. Life insurance in Indonesia is [...]
Is my LLC an S or C Corp?
An LLC is a legal entity only and must choose to pay tax either as an S Corp, C Corp, Partnership, or Sole Proprietorship. Therefore, for tax purposes, an LLC can be [...]
Can I set up a foreign local company?
Yes, you can. You will need a local nominee director for your foreign local company incorporation.