Indonesia's Top 5 Banks: Pros and Cons
Indonesia, the largest economy in Southeast Asia, has a diverse banking system that offers a wide range of financial services to its customers. Let’s take a look at the top 5 banks in Indonesia, highl…
Bali Financial Hub Put on Hold for Three More Years
The international financial centre for which Indonesia has cut taxes to zero for foreign businesses will not begin operations in Bali.
Parliament passed the law establishing it on July 21, and three days later the government announced that its first location would be the Danareksa Tower in central Jakarta. The new building was comple…
Rental Dispute Ends With Police at Bali Villa
Balinese investigators are examining videos showing a crowd of strong-built men with sticks smashing the gates of a villa in Nusa Dua and forcing their way onto the property. The footage was filmed by…
PermataBank Introduces New Rules for Inactive Accounts
Indonesia continues to update its banking regulations, and one of the country’s major banks, PermataBank, has officially announced new changes affecting savings and current account holders.
Bali Launches Beachside Immigration Service
Kuta Beach is usually where you find surfers, coconut sellers and friendly massage therapists, but this time immigration officers appeared alongside them. This is how Bali launched a new format for pu…
Having an Indonesian Bank Account Doesn’t Mean You Can Work
In Bali, foreigners have been reminded of an important rule: having a bank account in Indonesia, on its own, does not entitle you to run a business on the island.
Your Bali Property Project Stalled: How to Recover Your Money
When a developer misses deadlines, stops responding, or fails to return invested funds, many people immediately consider going to court or the police. In practice, the first and most important step is…
Foreigners Could Face Prison Under New Indonesia Rules
It appears that deportation alone may no longer be enough for everyone who violates immigration rules. Indonesia’s immigration authorities have made it clear that if a foreign national breaks the law…
Indonesia’s 0.5% Tax Is No Longer for Everyone
Until recently, most small companies in Indonesia could use the preferential UMKM tax regime and pay just 0.5% of turnover. This system was convenient: it did not require full accounting, and the tax…
Foreigners Can No Longer Run Bike Rentals in Bali
Bali is closing off part of its small business sector to foreigners. The restrictions apply to 56 types of low- and medium-low-risk activities, including motorbike, car and lorry rentals.
