The Indonesia administration needs increased Foreign Direct Investment to support diversification and industrialisation, while Special Economic Zones also provide incentives and tax exemptions for incoming international companies.
Indonesia is Southeast Asia’s largest economy. Bank Indonesia, the country’s national bank, predicts 5.3% growth for 2023, stimulated by capital investment in upgrading infrastructure, a post-pandemic rebound in the tourism sector and increased high-value manufacturing. Indonesia’s nickel reserves, the largest in the world, will play a leading role in this as it is an essential component in batteries for electric vehicles.
But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.