BUILDING BUSINESS
New regulation to offer even more investment incentives
A new regulation on incentives and facilities for investment in Indonesia’s provinces, cities, and regencies has been issued by the government. The new regulation provides more details than the previous one and offers more incentives in the form of soft loans for research and development or vocational training for micro-, small-, and medium-sized enterprises and cooperatives.
The additional information covers a large list of attributes and tax-based incentives and changes. For example, investors can access data and information about investments, infrastructure, land acquisition assistance, technical assistance, license arrangements, market access, promotions, strategic areas, certifications, standardisation processes, raw materials, and human resources. The new regulation is a part of a continued effort on behalf of the government to increase investment in the country through incentives and facilities for financial stimulus.