Setting up a business can be extremely time-consuming but ultimately rewarding. It takes lots of preparation and research to identify something that will be viable and hot upon a gap in the market to yield the best returns. Of course, finance needs to be put in place as well as strategies formulated to ensure that time isn’t wasted once the business has been formed.
Location is another factor to consider as even some places within a specific country can be more productive than others. Some might consider trading internationally, which provides challenges of their own while ensuring that the skills required to achieve set targets are available. Tax advisory & planning services in Indonesia can be extremely helpful for the following reasons for those located there as we discover why it can be advantageous to set up a business in Indonesia.
The free trade agreement with other countries who are part of ASEAN means that trading with them provides low or zero tax requirements which makes it attractive to international investors and entrepreneurs. Having a professional team onside that offers the very best advice when it comes to tax and planning around it, which optimises the tax system and identifies previously unidentified opportunities is a massive advantage waiting to be grabbed. Indonesia also has trading access to some other big-hitting nations in that part of the world which further adds to its attraction. That might be just what foreign investors might be looking for, especially if they can receive a tax advisory and planning service while visiting to assess the options, which might also include sourcing accounting solutions.
Foreigners can also own land in Indonesia, which isn’t always possible or straightforward in neighbouring countries. It can be used to build on, use, or cultivate it which delivers many varied opportunities to set up. Setting up in a multicultural environment where English is spoken in business can provide peace of mind and make communication a lot easier, while there are many different types of available businesses that a foreigner can own outright. Again, as with tax, it is wise to seek out experienced help in such matters to ensure that compliance is met and that the local authorities do not have to get involved for the wrong reasons.Â
The welfare of employees will be assisted as Indonesia provides free health screening on birthdays, with employees having a large skilled workforce that can provide the necessary skills without demands for the same wages as in many Western countries. There is a growing consumer class waiting to be sold goods and services which is seeing the economy continue to increase. Meanwhile, there is a decrease in bureaucracy and corruption which makes doing business in Indonesia easier than it has ever been, especially when assisted by those who understand how everything works so that time and money is continually saved.
Indonesia is a great country in which to set up a business, even more so if tax is saved and planning advice is received while trading with nearby countries.
