Indonesia has one of the largest workforces in the world, considering its population, however there are industries in which specialists are still necessary and companies find themselves in the position of hiring foreign employees. The employment of foreign workers was somehow difficult until the beginning of this year when the government issued Regulation No. 20/2018 related to the Use of Foreign Workers.
Indonesia has one of the largest populations in the world which means it also has a developed workforce, however it is still difficult for companies here to find the right employees. This is why the Ministry for Industry created the Link and Match program through which employers can find suitable candidates or students which they can prepare easier.
Indonesia has very strict laws related to certain industries and the participation of foreign investors and companies in their exploitation. One of these industries is mining, for which special authorizations are required. Indonesia is a rich country from the natural resources point of view, which is why the government decided to allow private companies owned by foreign investors to bid for mining concessions.
For a few years now, Indonesia is considered the largest economy in Southeast Asia, a fact which is confirmed by the latest economic studies indicating the country’s performance. The last two years brought an increase of more than 5% to Indonesia’s Gross Domestic Product (GDP), with 2017 being one of the best years in the last decade. If you want to open a company in Indonesia, our local consultants can guide you through the company registration process.