IDR 10 billion as the minimum paid-up capital.IDR 10 billion as the minimum investment.You can refer to the restrictions in the Negative Investment List ( contact Cekindo for details).Ī foreign investor must meet the below requirements in order to set up a PT PMA in Balikpapan: The percentage of ownership, however, is based on the business sector that you’re in. Only PT PMA allows 100% foreign ownership. In general, foreign investors should know the three types of legal entities in Balikpapan:Ī foreign-owned company in Balikpapan can be owned by foreign investors. The digital evolution in Balikpapan is particularly advantageous for micro, small and medium businesses. Therefore, it is not surprising to see that with the massive use of digital applications in Balikpapan, more and more businesses will leverage on this trend and emerge. One of the largest digital applications in Indonesia, Go-Jek, plans to expand their services to Balikpapan including online transportation, food delivery, logistics and digital payment. As a result, this promotes the expansion of digital businesses in the city. By coinciding with the newly introduced Grass Root Refinery project, the completion of RDMP is expected to boost the fuel production by 150%.īalikpapan is now considered one of the most active digital application user cities in Indonesia. Only by growing the refinery industry will be able to achieve the energy security goal in the country. The RDMP also aims to meet the fuel demand in cities in Indonesia including Balikpapan. In order to enhance the product and boost the competitive edge of competitiveness of refineries in Indonesia, RDMP is created to revamp the five existing refineries in Balikpapan (East Kalimantan), Cilacap (Central Java), Balongan (West Java), Dumai (Riau), and Plaju (South Sumatra). Once complete, this toll road is expected to decrease the travel time between Samarinda and Balikpapan from three hours to one hour. Part of the project is also open for private sector investments. The construction of this toll road is funded by the Indonesian government as well as through loans from China. With an estimated investment amount of US$985 million (IDR13.1 trillion), the Balikpapan-Samarinda toll road is designed as 99 kilometers long between Balikpapan and Samarinda. Currently, the toll road network in Indonesia spans 950 kilometers across the country. This project is currently underway and this is part of the Indonesian government’s plan to create 1,000 kilometers of additional toll roads by the end of 2019. The construction of Balikpapan-Samarinda toll road is one of the biggest projects in Balikpapan. Here are the reasons, in elaboration, that you should invest in Balikpapan: Big plans are going on such as infrastructure development, refinery expansion and digital-based business evolution. There is a bright prospect for investment opportunities in Balikpapan. With a population of over 736,000 and the rapid development of infrastructure and digital scene, Balikpapan is an intriguing mix of business hub and stopover destination. The dynamic oil, coal, mining and other emerging industries are the reasons almost all domestic flights go to Balikpapan instead of its capital city Samarinda. Located on the south eastern coast of East Kalimantan in Indonesia, Balikpapan is a seaport city facing the Makassar Straits.īeing one of the Indonesia’s most bustling cities with abundant natural resource, Balikpapan is well-known for its oil, coal and mining industries. #Pandu logistic balikpapan how toIn this article, Cekindo will tell you why you should invest in Balikpapan when it comes to doing business and investing in Indonesia and guide you on how to set up a business in Balikpapan.
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