This post is also available in: Indonesia (Indonesian)
Success is Knocking – Business Opportunities in Indonesia
Let 3E Accounting be your guide along the path to success with these great business opportunities in Indonesia.
Indonesia is a newly industrialised country with the largest and most robust emerging economy in Southeast Asia. It is well on its way to becoming an economic powerhouse within the region. While the Government has made changes in the law to facilitate easier business operations, there is still much that needs to be streamlined. Nevertheless, there are various business opportunities in Indonesia that can prove to be quite profitable to the discerning entrepreneur.
An Opportunity Not to Be Missed
Indonesia is the fourth most populous country in the world, and its e-commerce growth is expected to hit USD130 billion by 2025. Although e-commerce is making good headway in the current data economy, Indonesia’s main industry drivers are still based on agriculture and manufacturing.
Indonesia’s Investment Coordinating Board or Badan Koordinasi Penanaman Modal (BKPM) has rolled out a 3+1 investment proposal with strategic plans. They include reviving stalled projects, promoting foreign investment and providing incentives for entrepreneurs. The aim is to ensure that the Indonesian economy survives the harsh fall-out of the global pandemic.
If you’re looking for business opportunities in Indonesia, the Indonesian Government has prioritised several sectors. The first of these is the manufacturing industry, which accounts for 20% of the country’s Gross Domestic Product (GDP). Indonesia is also the tenth-largest manufacturing country in the world and employs a fifth of the population in this sector. Areas of production include electronics, chemicals, automotive as well as high-tech technologies.
Infrastructure is also being pushed for development, and there is an excellent avenue for investment. Building power plants, as well as roads and bridges, will lead to accelerated outcomes. It will also support Indonesia’s freight and logistics sector, which has seen tremendous growth. As consumption of goods is high in Indonesia, especially by online consumers, this industry is seeing a steady rise. Its population is mostly young and middle-class with access to disposable income. It is also tied in with the rising manufacturing sector, and collectively offer viable business opportunities in Indonesia.
E-commerce is another sector that is experiencing a stellar rise, driven by Indonesia’s data economy. Currently, Indonesia has the fourth-largest global mobile phone market. Hence, there are good opportunities for businesses in the IT and telecommunications infrastructure. Data centres are in the spotlight, and the Government is actively reviewing its technology laws to encourage foreign investment. App development, online businesses and platforms are all much in demand and provide excellent business opportunities.
Time for the Right Alliance
Making a success out of business opportunities in Indonesia is well within reach with partners such as 3E Accounting. While business smarts are essential, engaging professional business consultants is just as important. 3E Accounting’s proven track record of successful company incorporation and compliance can help you get started on the right note.
Contact 3E Accounting today for solutions on incorporation, compliance as well as outsourcing services that can help your business grow.