Indonesia, among the Asia-Pacific’s biggest economies to date, boasts a population of close to 280 million, with a consumer market that attracts companies despite the regulatory hurdles. Starting in 2019, the government has transformed the existing environment, featuring the Omnibus Law, an internet-based central licensing system, and the opening of over 245 business sectors to…
In Indonesia, the company registration number is no longer a simple one-line identifier. For most businesses, that number is the Nomor Induk Berusaha (NIB), the Business Identification Number issued through the government’s Online Single Submission (OSS) portal. The NIB is the backbone of a broad reform effort that began with the Job Creation Law and…
Indonesia Boosts Tourism Ties with Malaysia and Singapore Indonesia is strengthening tourism ties with Malaysia and Singapore through a renewed marketing push aimed at boosting regional travel and industry collaboration. The Ministry of Tourism recently hosted the Wonderful Indonesia Business Matching Johor Bahru 2025 event, bringing together tourism players from Indonesia, Malaysia, and Singapore. The…
Indonesia Seeks to Strengthen Domestic Steel Industry Indonesia is stepping up efforts to strengthen its domestic steel industry, with the Ministry of Industry rolling out measures to reduce heavy dependence on imports and attract new investment. Although Indonesia produced 18 million tons of steel in 2024, ranking 14th globally, more than 55% of national demand…
Foreign investment in Indonesia has surged decisively over the past decade. Data from the Ministry of Investment shows that foreign direct investment outstripped 47 billion dollars in 2023, with manufacturing, mining, and digital services accounting for more than half of the total inflows. Indonesia is now among the top markets for foreign capital in…
The horizon of Jakarta looks different each year, shaped by cranes and construction that speak to Indonesia’s ambitions. With a GDP of nearly USD 1.4 trillion and a population exceeding 283 million, Indonesia has not only become the world’s 16th-largest economy but also one of its fastest-growing emerging markets. The government’s Omnibus Law on Job…
For years, Indonesia’s foreign investment conditions have carried a quiet contradiction. On one hand, policymakers declared the nation open for business, and on the other, the high capital thresholds often kept smaller global entrepreneurs at bay. However, a new regulation, Minister of Investment Regulation No. 5 of 2025, has disrupted this status quo, reducing the…
According to the OECD Global Forum on Transparency and Exchange of Information (2023), intermediary or opaque structures hold close to 40% of global corporate ownership in today’s highly interconnected financial world. Among the most significantly used of these mechanisms is the nominee shareholder arrangement, which is an instrument that facilitates one person or entity to…
In Indonesia’s rapidly developing economy, which is expected to reach USD 5.4 trillion by 2045 according to the Ministry of National Development Planning, the stakes for doing business have never been higher. Buried behind this growth story lies a labyrinth of legal obligations that can make or break companies. Since the enactment of the Omnibus…
The first thing most foreigners learn about opening a company in Indonesia is that it cannot be rushed. The second is that it’s worth the wait. In the past decade, Indonesia has quietly emerged as one of Asia’s most dynamic avenues for foreign investment. With a GDP exceeding US$1.4 trillion and an average annual growth…
