As Southeast Asia’s largest economy and the world’s fourth most populous country, Indonesia is quickly becoming a favorite destination for business leaders looking to expand in the region. Besides its steady rate of 5%-plus GDP growth, Indonesia’s pro-business government has made great strides in its commitment to improving governance and infrastructure throughout the country – it jumped 19 places in the World Bank’s Ease of Doing Business ranking in 2018.
Reasons to do business in Indonesia include:
- Fast-growing middle class
- Favorable demographics
- Steady economic outlook
- Improving business environment
Doing business in Indonesia
Indonesia has unique business and cultural traits that shape a company’s experience in the country. To avoid any unintentional faux pas and to make life easier, here is a list of important facts about doing business in one of Asia’s most promising markets:
- Tax considerations
- Obtaining a work permit
- Employment considerations
How Tricor can help in Indonesia
Tricor Indonesia, established in 2009, traces its roots to the 2002 reorganization of a prominent Indonesian accounting firm established in 1957. Tricor Indonesia provides services in business establishment, company secretarial, accounting, payroll and personal and corporate tax compliance administration as well as merger, acquisition, restructuring and divestiture planning and advice.
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