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Indonesia

The ISO code of Indonesia is ID according to the ISO 3166 standard. The local name of the country is the same as its English name. Indonesia capital city is Jakarta. People in Indonesia speak the Indonesian language. On 27 December 1949, Indonesia emerged as a sovereign political entity. In the year 12/27/1949, Indonesia emerged as a sovereign political entity. The largest city in Indonesia is Jakarta.

Indonesia has different time zones. They are UTC +07:00 (WIB - Indonesia Western Time), UTC +08:00 (WITA - Indonesia Central Time), UTC +09:00 (WIT - Indonesia Eastern Time).The internet country code top-level domain (ccTLD) for Indonesia is .id. The International dialing code for Indonesia is 62. People in Indonesia drive on the left side of the road. Total land area of Indonesia is 1,904,569 km² (approx. 735,355 mi²). Indonesia is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Indonesia

Indonesia is located in Asia. Indonesia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Indonesia faces various issues, including deforestation, water pollution from industrial wastes, sewage, air pollution in urban areas, smoke and haze from forest fires.

Doing business in Indonesia

We offer various corporate services in Indonesia jurisdiction. These services can serve both, people coming from Indonesia and foreigners. If you plan on doing business in Indonesia you might be interested in contacting us.

To find out about starting your business in Indonesia click on company formation in Indonesia.

To find out how to open a bank account in Indonesia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Indonesia.

Choose preferred service below or continue reading to find out more about Indonesia.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Indonesia

The total population of Indonesia is 266,794,980 people. In Indonesia, the population density is 135 people per square kilometer (351 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Indonesia is 0.7351. Indonesia has approximately 295433 foreign immigrants. The median age is approximately 29.2 years. In Indonesia, 15.36 in every 100 people use internet. Indonesia has a Human Development Index (HDI) of 0.684.

The majority religion of Indonesia is Islam, Indonesia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Indonesia.

Culture of Indonesia

People in Indonesia speak the Indonesian language. According to data on inbound tourists in Indonesia, 8,802,000 tourists arrive in the country each year. The first McDonalds in Indonesia was opened on 23 February 1991, and it was located in Sarinah, Jakarta. One of the most popular national dishes of Indonesia is tumpeng. To read more click on culture of Indonesia.

Geography of Indonesia

Indonesia is considered to be a vast nation because of its total area. Its total land area is 1,904,569 km² (approx. 735,355 mi²). Indonesia is located in Asia. Its capital city is Jakarta. Indonesia has 3 neighbouring countries. Its neighbours include East Timor, Malaysia, and Papua New Guinea. Total length of land borders of Indonesia is 2958 kilometers (~1,142 miles).

The highest point of Indonesia is Puncak Jaya, with its official height being 4884 m (16,024 ft). Including land mass and EEZ, the total area of Indonesia is approximately 8,063,601 km² (~3,113,359 mi²). The most notable natural resources found in Indonesia are petroleum, tin, natural gas, nickel, timber, bauxite, copper, fertile soils, coal, gold, silver.To read more click on geography of Indonesia.

Economy of Indonesia

The currency of the country is Indonesian rupiah. The symbol used for this currency is Rp, and it is abbreviated as IDR. 4.4% of population in the country are unemployed. The total number of unemployed people in Indonesia is 11,738,979. Each year, Indonesia exports around $178.9 billion and imports roughly $178.6 billion. The Gini Index of the country is 36.8. Indonesia has a Human Development Index (HDI) of 0.684.The Global Peace Index (GPI) for Indonesia is 1.768. Indonesia has a government debt of 131% of the country's Gross Domestic Product (GDP), as assessed in 2014. Indonesia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Indonesia is $2,685,893 billion. Each year, consumers spend around $484,751 million. The ratio of consumer spending to GDP in Indonesia is 0%, and the ratio of consumer spending to the world consumer market is 1.13. The corporate tax in Indonesia is set at 25%. Personal income tax ranges from 5% to 30%, depending on your specific situation and income level. VAT in Indonesia is 10%. In 2013, Indonesia received 67.8 million USD in foreign aid.In 2014, the foreign aid amounted to 419.2 USD.To read more click on economy of Indonesia.

Infrastructure of Indonesia

Infrastructure quality in Indonesia is rated to be at 2.92. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In Indonesia, 96% of the population has access to electricity. There are 1,344,000 internet hosts in Indonesia. Indonesia has 673 airports nationwide.

The logistics performance index of Indonesia is 3.08. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 3.11. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in Indonesia is 200. To read more click on infrastructure of Indonesia.

Politics of Indonesia

Indonesia, is a unitary presidential constitutional republic. With regard to political and civil freedoms, Indonesia is 2. Citizens in Indonesia experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Indonesia, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Joko Widodo.

According to the World Bank Group, the government effectiveness index of Indonesia is -0.01. This indicates that the government of Indonesia is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Indonesia before considering any business maneuvers.In Indonesia, the legislative power is vested in a People's Consultative Assembly. The Global Peace Index (GPI) for Indonesia is 1.768. The strength of legal rights index for Indonesia is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Indonesia received 67.8 million USD in foreign aid. In 2014, the foreign aid amounted to 419.2 USD. Indonesia is a member of the United Nations (UN). On 28 September 1950, it joined the UN as a full member state. Indonesia is a member of the World Bank. To read more click on politics of Indonesia.

Environment of Indonesia

Indonesia emits 2.3 metric tons per capita of CO2. 884950 km² of Indonesia's territory is covered in forests. and forest land comprises 46% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Indonesia is 200. To read more click on environment of Indonesia.

Company formation in Indonesia

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Indonesia.

When establishing a company in Indonesia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Indonesia that will affect the establishment and growth of one's business. Contact us or click on company formation in Indonesia to read additional information when setting up a business.

Bank account opening in Indonesia

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Indonesia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Indonesia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Indonesia or contact us.