Indonesia is a country which is full of opportunities for business activity. The country has been in a constant state of economic growth for many years, making it a suitable location for anyone to set up a business. This fact holds true for both locals and foreigners alike. People from all over the world have expressed interest in starting a business in Indonesia to take advantage of its increasing economic prosperity and benefit from access to its enormous market size. When one takes a closer look at the business scene of the country, it can clearly be seen that there are many excellent reasons as to why a foreigner should be encouraged to set up a business in Indonesia.
Large Market Size
Indonesia is a nation which has a truly massive population. Almost 267 million people live in Indonesia today. This means that there are almost any people in Indonesia as there are in the rest of Southeast Asia combined. For this reason, those who choose to start a business in Indonesia can easily target their business activities at a particular cross-section of Indonesian society because the large market size means that there will always be a suitable target market for any business, regardless of the business activities which are to be conducted or the business entity which is to be used.
Even though these are already considerable advantages which foreign business owners may claim, such business owners may even be able to garner further benefits by conducting proper research to learn more about the specific demographical information regarding the population of Indonesia as well as the region of Indonesia in which the foreign-owned business is located. This is because after gaining more information about the people who are likely to become customers of the business in question, the owner of the business can then use this information to inform and modify the approach to be taken by the business so as to better cater to both current and future customers alike. In this way, the business owner will also demonstrate awareness about Indonesia’s large market as well as a willingness to adapt to the realities of the Indonesian corporate environment.
In any case, if you happen to be a foreigner who is interested in setting up a company of your own in Indonesia, we at Paul Hype Page & Co can be of assistance to you. Our incorporation team will guide you through the process of company incorporation in Indonesia and ensure that every necessary step is duly completed. We will also see to it that every legal requirement of a foreign-owned company in Indonesia is appropriately fulfilled so that you may begin the operation of your new business as soon as possible.