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Indonesia is a member of the Association of Southeast Asian Nations (ASEAN), which has established a free trade area among its 10 member countries. This gives Indonesian businesses access to a market of more than 650 million people and a GDP of $3.2 trillion. Additionally, Indonesia has signed bilateral and multilateral trade agreements with several countries, including Australia, China, Japan, South Korea, Pakistan, and the European Free Trade Association (EFTA).
Indonesia is improving its business environment by pursuing reforms to simplify regulations, reduce bureaucracy, and increase transparency.
According to the World Bank’s Doing Business 2020 report, Indonesia ranks 73rd out of 190 countries in ease of doing business, up from 120th in 2014. The report also noted that Indonesia has made great progress in areas such as starting a business, building permits, electricity supply, paying taxes, and enforcing contracts. The government provides comprehensive support to foreign investors by implementing various measures to streamline the process of setting up and operating a business.
Indonesia has abundant natural resources that can support a variety of industries and provide a competitive edge. The country has large resources including coal, oil, gas, nickel, bauxite, gold, tin, copper, timber, palm oil, coffee, rubber, cocoa, and spices. These raw materials play an important role in the production process and can reduce costs for companies.
Associe will help you to check your desired name for your company.
* Company name must use at least 3 words — not syllables
Associe.co.id helps foreign entrepreneurs to expand and own a business in Indonesia. Our professional services enable you to set up an investment company and own its license. The entire process will be handled by our experienced, professional consultants.