Expanding into
Indonesia
Global expansion is a step to make for any business, regardless of what you wish to achieve. The opportunities that can come with an expansion can be both incredibly exciting as well as intimidating and confusing, especially when you consider all the registration procedures that need to be done and the documentation required.
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The Republic of Indonesia is the largest economy in Southeast Asia … and geographically has the size to match. Indonesia is the largest archipelagic nation in the world, stretching over 3,000 miles from east to west and 1,000 miles from north to south, comprising a patchwork of close to 18,000 islands, 8,000 of which have been named.
Indonesia’s economy benefits from holding a key position on global maritime routes between east and south Asia, Oceania, Australia and New Zealand, to place it at a focal point for world trade. Indonesia’s 20-year economic plan was in its final quarter between 2020 and 2025, with the focus on investing in human capital and global competitiveness.
Each new markets bring new challenges, and these can be worked through more efficiently and cost-effectively with the support of a Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.
This can be best utilised when businesses are just beginning their expansion process and require more information before committing to incorporating an entity and fully establishing themselves in that market.
Hiring Staff
in Indonesia
Expanding into the Federal Republic of Indonesia will take foreign investors into the largest economy in Southeast Asia. Indonesia is confidently predicted to climb the global Gross Domestic Product (GDP) rankings from the 16th place it occupied in 2022, when the World Bank assessed its nominal GDP at 1,380 billion US dollars.
Indonesia, an archipelago of close to 18,000 islands that stretch over 3,000 miles east to west and 1,000 miles north to south, is recognised as a rapidly industrialising market economy. Strong domestic demand in a population of 275 million drives growth, which to an extent insulated the country against economic downturns that affected other countries. Indonesia ranks 10th in the world for GDP purchasing power parity.
Bank Indonesia, the country’s national bank, predicted a 5.3% growth in the economy for 2023, among the highest for G20 members.
The bank expected growth to be stimulated by capital investment in developing infrastructure; by tourism rebounding after the pandemic; in high-value manufacturing in such as electric vehicle (EV) batteries. Indonesia has among the world’s largest reserves of nickel, a vital component for EV battery production. These initiatives are expected to build on the export staples of oil and gas, palm oil and iron among Indonesia’s commodities.
Indonesia’s position as the leading economy in the region is underlined by key international memberships. In addition to being a member of the G-20 group of major economies, Indonesia also belongs to the Association of Southeast Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation body (APEC), the World Trade Organisation (WTO), the United Nations (UN), and is a former member of the Organisation of Petroleum Exporting Countries (OPEC) and the International Monetary Fund (IMF). Indonesia is the only ASEAN member in the G-20.
Hiring Staff
in Indonesia
Expanding into the Federal Republic of Indonesia will take foreign investors into the largest economy in Southeast Asia. Indonesia is confidently predicted to climb the global Gross Domestic Product (GDP) rankings from the 16th place it occupied in 2022, when the World Bank assessed its nominal GDP at 1,380 billion US dollars.
Indonesia, an archipelago of close to 18,000 islands that stretch over 3,000 miles east to west and 1,000 miles north to south, is recognised as a rapidly industrialising market economy. Strong domestic demand in a population of 275 million drives growth, which to an extent insulated the country against economic downturns that affected other countries. Indonesia ranks 10th in the world for GDP purchasing power parity.
Bank Indonesia, the country’s national bank, predicted a 5.3% growth in the economy for 2023, among the highest for G20 members. The bank expected growth to be stimulated by capital investment in developing infrastructure; by tourism rebounding after the pandemic; in high-value manufacturing in such as electric vehicle (EV) batteries. Indonesia has among the world’s largest reserves of nickel, a vital component for EV battery production. These initiatives are expected to build on the export staples of oil and gas, palm oil and iron among Indonesia’s commodities.
Indonesia’s position as the leading economy in the region is underlined by key international memberships. In addition to being a member of the G-20 group of major economies, Indonesia also belongs to the Association of Southeast Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation body (APEC), the World Trade Organisation (WTO), the United Nations (UN), and is a former member of the Organisation of Petroleum Exporting Countries (OPEC) and the International Monetary Fund (IMF). Indonesia is the only ASEAN member in the G-20.
The Main Sectors of the Indonesian Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
The Main Sectors of the Indonesian Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
Commercial Laws in
Indonesia
Commercial Laws in
Indonesia
