Indonesia SEZ: Mandalika – The Next Bali
In 2017, President Joko Widodo declared Mandalika as a priority destination, pushing the government towards accelerating the development process in Lombok. The US$3 Billion Mandalika Development Project in Lombok is aiming to have more than 16,000 hotel rooms, a waterpark, a 27-hole golf course, 1,500 villas, and a 4.3km International Race Circuit.
The Integrated Tourist Master Plan (RIPT)-Lombok Island, presently in its drafting stage, is a detailed plan being drafted to develop a resilient, inclusive, and sustainable tourism ecosystem in Lombok. The government plans to improve connectivity from ports and airports to facilitate tourism and also aim to preserve and promote the cultural diversity of Lombok.
SEZ Incentives (Special Economic Zone) in Mandalika
With a bunch of incentives on offer due to its inclusion in the Special Economic Zone (SEZ) list, Mandalika poses to be a lucrative investment opportunity for foreign investors.
12 Million tourists is projected to arrive in 2045 as compared to 2.4 Million in 2018, Lombok Island is expected to become a world-class tourism destination. Here are some key difference, investors should put in mind when considering to start a business in Bali or Mandalika:
Ensure Your Investment In Lombok Complies With The Indonesia Company Act
Setting up a business overseas comes with its fair share of challenges. A foreign investor might face difficulties while registering their business in Indonesia as they might not be very well versed with various business nuances of the Indonesian Companies Act.
While you focus on the core business aspect of your Company, Cekindo’s comprehensive business solutions can help you in the technical facets of starting a business in Indonesia.
To help your company comply with the accounting and tax reporting rules of Indonesia, Cekindo provides a full selection of services as an accounting agency. On the legal side, our consultants provide legal guidance helping companies to comply with applicable laws and regulations in the country.
To know more about how Cekindo’s solutions can help you make investments in Indonesia, please fill out the form below or talk to an expert on our chatbot.