Government Announces brand new Policy to Allow Foreign Investors to Operate Special Economic Zones
The Indonesian government continues to make efforts to stimulate economic growth by attracting foreign investments. In a brand new policy package, investors are not only allowed to manage special economic zones, although also own residential property for income tax discounts of around 20 to 100 percent. To invite more foreigners, the government is actually evaluating the chances for investors to manage the special economic zones as well as invite more manufacturers to occupy said zones.
Similarly, that will style has been adopted by Vietnam, as they welcome foreigners to manage specific zones with benefits of free trade rules, better infrastructure, as well as lower tax rates, to further bolster manufacturing as well as exports.
With hopes of luring investors, chairman of the Investment Coordinating Board (BKPM), Franky Sibarani, reveals that will the government is actually additionally considering plans of reimbursing investors if they build basic infrastructure, like roads.
Approving the brand new plan, Sany Iskandar, chairman of Industrial Zones Association (HPI) says that will the idea will assure foreign investors with greater legal certainty. In his words, “the idea might definitely attract investments by many countries.”
Accordingly, Singaporeans as well as Chinese investors have reportedly expressed their interest in investing as well as managing such economic zones.
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Government Announces brand new Policy to Allow Foreign Investors to Operate Special Economic Zones
Government Announces brand new Policy to Allow Foreign Investors to Operate Special Economic Zones
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