Special Economic Zone (SEZ) in Indonesia – SEZ are areas with certain boundaries that are covered by regions to carry out economic functions and obtain certain facilities.
SEZs are developed through the preparation of areas that have geo-economic and geo-strategic advantages and function to accommodate industrial activities, exports, imports, and other economic activities that have high economic value and international competitiveness.
For this idea inspired by the success of several countries that adopted it earlier. Empirical data shows that SEZs in these countries are able to attract investors, especially foreign investors to invest and create jobs.
This is none other than the ease with which investors get, that convenience takes the form of facilities in the fiscal, taxation and customs sectors. There are even non-fiscal fields, such as ease of bureaucracy, special arrangements in the field of manpower and immigration, as well as efficient and orderly services in the region.
Indonesia is one of the countries that seeks to move the economy through the development of SEZ This area was formed to increase investment by preparing areas that have economic and geo-strategic advantages.
Then where are the locations of the Special Economic Zone in Indonesia? SEZ is an area with certain boundaries within the jurisdiction of the Unitary State of the Republic of Indonesia which is designated to carry out functions with certain economic benefits.
Until 2020 there are 15 SEZs in Indonesia with the following details:
15 Special Economic Zones Spread throughout Indonesia, SEZs that have been operating:
+ SEZ Sei Mangkei
+ SEZ Tanjung Lesung
+ SEZ Palu
+ SEZ Mandalika
+ SEZ Galang Batang
+ SEZ Arun Lhokseumawe
+ SEZ Tanjung Kelayang
+ SEZ Bitung
+ SEZ Morotai
+ SEZ Maloy Batuta Trans Kalimantan (MBTK)
+ SEZ Sorong
SEZs in Development Stage:
+ SEZ Tanjung Api-Api
+ SEZ Singhasari
+ SEZ Kendal
+ SEZ Likupang
What facilities do you get from this Special Economic Zone in Indonesia from all those mentioned above?
1. Taxation Aspects
2. Customs and Excise Aspects
3. Traffic of Goods
Aspects of VAT & PPNBM (In English)
1. Import: not collected
2. Income from Other Places In Customs Area (TLDDP) to KEK is not collected
3. Expenses from KEK to TLDDP are not collected
4. Transaction between perpetrators in KEK: not collected
5. Transactions with actors in other SEZ: not collected
(Using PMK Special Scheme No. 104 / PMK.010 / 2016).
4. Immigration Aspects
5. Manpower Aspects
6. Ease of Licensing
7. Land Aspects
Legal Basis for Special Economic Zones in Indonesia? Kindly open the link below. The legal basis for the Special Economic Zones in Indonesia is listed. https://kek.go.id/regulasi
Some of this information was obtained from the NATIONAL COUNCIL website SPECIAL ECONOMIC AREA OF THE REPUBLIC OF INDONESIA. https://kek.go.id/ and several other sources.
If you experience difficulties and ignorance in the processing of doing business in Indonesia, regarding the procedures and legal foundations that apply in Indonesia.
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