Crash Course on Starting a Business in Indonesia 2021

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As the world’s fourth most populous country and ASEAN's largest economy, Indonesia constitutes approximately 35% of the bloc’s GDP and has long been an economic powerhouse in Southeast Asia.

Except for a contraction of -2.07 percent for the first time since the 1998 Asian financial crisis due to COVID-19, the Indonesian economy had consistently been growing at an average rate of above 5 percent over the last 20 years, demonstrating its implementation of sound fiscal policies and tremendous potential for growth.  

Beyond a stable economy and a large, growing consumer market with millions joining the middle class each year, Indonesia has increasingly come to the attention of foreign investors due to its abundant and tech-savvy workforce, competitive labor costs, and the newly blossoming digital economy.

It is an exciting time to start your investment in Indonesia. In this webinar, Jennifer Halim, our Senior Associate of International Business Advisory, guides investors through the fundamentals of doing business in Indonesia.

Key topics

• Setting up a foreign-owned business in Indonesia;
• Industries permitted for FDI in Indonesia;
• Introduction to personal and corporate tax in Indonesia; and
• General overview of the mandatory social security (BPJS) in Indonesia.