Malaysia Hotline: +603- 2141 8908
After
more than three centuries of colonization by the Dutch, Indonesia finally got
its independence in 1949. Now the Republic of Indonesia is the world’s third
largest democracy. In the last 50 years, Indonesia has experienced rapid
economic change and has grown into the largest economy in Southeast Asia.
Thanks
to its strategic geographical location and a booming economy, there are many
benefits of doing business in Indonesia. Doing business in Indonesia will
enable entrepreneurs to take full advantage of the benefits of conducting
business with Indonesia. Some of the key benefits of doing business in
Indonesia are described below.
GEOGRAPHICAL LOCATION
Located
in Southeast Asia, Indonesia consists of 17,508 islands. It is the fourth most
populous nation in the world and has the largest population of Muslims (CIA
World Factbook). Indonesia’s nearest neighbors are Australia, Singapore,
Malaysia, the Philippines and Papua New Guinea. Indonesia is an archipelago
with the Indian Ocean on the West side and the Pacific Ocean on the East. The
nation ranks fifth in the world on the list of countries with the longest
waterways, which makes it an ideal place for doing business.
BOOMING ECONOMY
Under
the rule of president Suharto, Indonesia’s economy grew rapidly between 1980
and 1995, however Indonesia was one of the countries struck hardest by the
Asian Financial Crisis of 1997. Due to political instability and corruption,
the recovery process was slow. Today, Indonesia’s economy has grown into the
largest in Southeast Asia and the country is now a member of the G20 major
economies in the world (G20). Indonesia’s top export destinations and investors
are the United States, China, Japan and Singapore, but many other countries are
increasingly taking advantage of this competitive market.
GOVERNMENT ANTI-CORRUPTION STRATEGIES
Since
its independence, Indonesia has suffered from corruption in all levels of
business and in politics. This corruption combined with a complex bureaucracy
created difficulties for organizations interested in doing business in
Indonesia. The new government is determined to fight corruption and
bureaucracy. It is also battling with corruption at all levels of government,
without sparing the higher officials. These are all very positive changes that combine
to make doing business in Indonesia even more attractive.
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