End-to-End Support for Investors as Indonesia Simplifies Investment Process
Indonesia hopes to simplify the investment process with end-to-end support through comprehensive facilities and tax incentives. The government hopes that by streamlining the processes, investments can be expedited.
Areas of Support
The government will provide end-to-end support by introducing facilities to aid investors in several areas. This includes assistance with licensing support, exploration of investment plans, facilitation of communication between relevant organisations, and consultation services, to name a few. Structural reforms and improvements in the Job Creation Law are also part of the support.
All foreign investment licensing will be streamlined into a single Online Single Submission (OSS) system by streamlining and providing end-to-end support. The Ministry of Investment will manage this. Tax incentives and investment guarantees in free trade areas are other benefits investors can look forward to. Investors only need to bring their technology and capital, while the Indonesian government takes care of the rest.
Advantages of Investing in Indonesia
There are many advantages to investing in Indonesia. This includes reaping the benefits of the free trade agreements (FTAs) that Indonesia has with at least 22 countries such as India, China, Japan and more.
Several tax relief policies are also available for investors, including tax holidays. Under the tax holiday policy, a business gets an exemption from income tax for 5 to 20 years if it is in a pioneer industry and makes substantial contributions to the country.
