Indonesia’s Directorate General of Immigration officially relaunched the multiple entry visa service on November 28, 2022.
Indonesia will continue to maintain a neutral stance despite rising tensions between the US and China.
Indonesia is hosting the G20 Summit from November 15-16, 2022, an opportune time for the country to showcase its growing investment appeal.
Indonesia is preparing incentives to attract foreign investments to support building its ambitious new capital city, Nusantara.
Unlike other sovereign wealth funds, Indonesia’s sovereign wealth fund explicitly seeks foreign co-investors to capitalize the fund rather than rely on commodity revenues.
Indonesia plans to issue second home visas, the first of its kind for the country, which will allow foreigners to stay for up to 10 years.
Enabling cross-border QR payment linkages is also a step towards greater financial inclusion in Southeast Asia.
Indonesia’s GR 24/2022 is a new regulation that allows people and businesses in the creative economy to use their IP assets as collateral for financing from banks.
The new law stipulates the types of legal basis for obtaining and processing personal data and penalties for violation.
For foreign investors, entering Indonesia’s special economic zones and taking full advantage of what they offer requires a long-term outlook.