The Switzerland government will make a "big investment" in Indonesia's tourism industry within the next four years, providing expertise in the hospitality industry and vocational skill development to support the Indonesian government's ambitious target of attracting 20 million international tourists annually by 2020, an official said on Friday (14/07)."We actually plan to do quite a big investment into tourism in three new projects," Martin Stottele, the head of economic development cooperation...

One of the key factors of a sustainable business is its accurate tax compliance. In this article, we will introduce you to tax planning in Indonesia and give an overview of the taxes (foreign) companies need to pay.Overview of Corporate Taxes in IndonesiaCorporate Income TaxCompanies are liable to Indonesian tax obligations if their domicile is in Indonesia. The standard corporate income tax in Indonesia is 25%. However, there are exceptions and tax planning allows you to significantly reduce th...

Currently, foreigners cannot own a majority stake in a joint venture (with an Indonesian party) to operate an airport in Indonesia. However, Indonesian President Joko Widodo seems eager to encourage more foreign direct investment (FDI) in order to boost Indonesia's overall economic growth. Infrastructure and connectivity remain key bottlenecks that need to be overcome in Indonesia in order to boost competitiveness of local businesses. Hence, the establishment of new airports or the expansion of...

Retirement does not only mean the point where a person stops working. The meaning of the word ‘retirement’ may vary for each person. However, retirement is often seen as a final goal where one can live happily without having to worry about anything.That said, retirement needs a lot of planning and preparations, especially for those who aim for overseas retirement. Cityscapes may be the main reason for most people, however it is also better to know more about the cities and their property prices....

There are many reasons why to invest in Indonesia. The world’s largest archipelago is known for its incredible natural resources, tremendous economic potential and for being one of the leading ASEAN markets. In this article we have put together a list of reasons why you should look into investing in Indonesia.1.Doing business is getting easier every yearIndonesia has followed through significant efforts to make it worthy of jumping 15 places upward from last year in the ranking list by World Ban...