Malaysia Hotline: +603- 2141 8908
On January 19, 2009, the
President of Indonesia officially declared the Batam-Bintan-Karimun as a free
trade zone or an FTZ. FTZ is a policy exempting facilities from some customs
rules, including the taxes and levies. In this area, trade is governed by a
wide range of regulations. Investors can use this route to establish businesses
in the region.
These are the several advantages of setting up a business in Batam:
1) Batam is a strategic
industrial area that is growing quite rapidly. Geographically, it is bordered
by Malaysia and Singapore and is located in the Straits of Malacca, which is a
busy global shipping lane.
2) The tax rules are being
offered to investors and entrepreneurs are very interesting. This area is
exempt from import duties, sales tax, VAT, tax on luxury goods, divergence, and
customs. Moreover, if an entrepreneur makes products in the region, they will
have a lot of export incentives.
3) Batam’s infrastructure is more modern than other
areas of Indonesia. A paved highway connects all the activities to the center
and it has complete industrial facilities and even factories that can be
customized. This makes it easier for investors and entrepreneurs to run a
business.
4) The increased economic growth
that resulted from the implementation of the FTZ will be followed by high
population growth. These factors increase the value of locating a business in
Batam, from where a business can reach thousands of companies.
5) Batam has a one-stop policy
for investment procedures, allowing a company to do all its business
transactions through a single office. Batam assures that the approval process
of applications will not take longer than 20 working days.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my