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Setting Up a Business in Nusantara, Indonesia’s New Capital City: Investor Requirements, Tax Benefits

2023-05-31
Indonesia’s government issued Government Regulation 12 of 2023 (GR 12/2023) on March 6, 2023, on the issuance of business licenses for investors looking to establish a presence in Nusantara, the country’s upcoming new capital city. to the government hopes that GR 12/2023 can accelerate the development of the new capital city. We discuss the investment incentives on offer, of use to all foreign construction and urban development businesses.
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China Briefing

Investing in Wuhan City, China’s Hubei Province

05/31/2023

Wuhan city, in central China’s Hubei province, has emerged as a compelling investment destination, boasting a robust economy, a diverse range of industries, attractive incentives, and well-established preferential zones. This investment profile delves into the city’s key economic strengths, industrial ecosystem, supportive policies and incentives, and designated preferential zones, shedding light on the opportunities it offers to potential investors.

Vietnam Briefing

Renminbi Rising: What Foreign Investors in Vietnam Should Know

05/31/2023

In recent years, China has been actively encouraging the use of the renminbi (CNY), also known as the Chinese Yuan, in international transactions. This includes using CNY as a reserve currency, a means of exchange, and a unit of account. As the United States dollar appreciates. Here’s how this affects ASEAN broadly and Vietnam, specifically.

Middle East Briefing

UAE Corporate Restructuring, M&A: New Tax Relief Laws

05/31/2023

With the new UAE tax code coming into effect from tomorrow (June 1st) various changes are being implemented at different levels and to deal with different circumstances. In its latest update, new regulations have been released by the Ministry of Finance on business restructuring relief and how this ties into the new tax regime.

Vietnam Briefing

North Vietnam Industrial Parks: Foreign Investor Benefits and Challenges

05/30/2023

Utilizing industrial parks in northern Vietnam offers numerous benefits for foreign investors; however, there are challenges to consider. We provide an overview of what to expect when establishing a manufacturing plant or factory in one of northern Vietnam’s industrial parks.

India Briefing

India-Australia Forge Stronger Bonds: Migration and Mobility Pact Strengthens Ties

05/30/2023

A new migration agreement aims to facilitate the movement of students, academics, and professionals between India and Australia, promoting educational and professional opportunities between the two regions. In this article, we discuss the latest developments, continued bilateral efforts and key areas of cooperation between the two countries.

ASEAN Briefing

Unleashing Nickel’s Potential: Indonesia’s Journey to Global Prominence

05/30/2023

Indonesia’s economic development strategy is spearheaded by its natural commodities, ranging from nickel to coal to gold and copper. However, the country is to ban the export of mineral ores, with the government active in persuading foreign investment into processing plants and smelters. This move adds value to the country’s commodity reserves. We look at the foreign investment potential in Indonesia’s commodities sector, with a focus on nickel resources and EV battery manufacturing.

The Bigger Picture

Russia Briefing

Russia’s New Gas Strategy in Central Asia

05/31/2023

In the aftermath of the EU deciding not to renew supplies of energy, and especially gas from Russia, Moscow is building new gas alliances in Central Asia. These are still far from being complete, but the pace of ongoing negotiations indicates that Moscow has managed to get Kazakhstan’s and Uzbekistan’s initial agreement. In this article we look into what these new gas supply trends are and the likely impacts.

Russia Briefing

Russia's Trade With Muslim Countries

05/30/2023

Due to the Ukraine conflict, Russia has lost part of its supply chain and Western-origin suppliers, compounded by most Western based countries imposing sanctions and cutting off their economic relations with Russia. To counterbalance this, Russia has significantly changed its global trade flows. Russia's long-term economic ties with Europe have substantially decreased while alternative alliances include numerous Islamic countries. This article explores those bilateral relations.

Silk Road Briefing

Expansion Of The BRICS New Development Bank

05/31/2023

The BRICS New Development Bank (NDB) began its eighth annual meeting in Shanghai on Tuesday, with Russian Finance Minister Anton Siluanov outlining its development plans. The Shanghai-based NDB was established in 2014 by Brazil, Russia, India, China, and South Africa, and formally opened for business a year later. It was later joined by Bangladesh, the United Arab Emirates, and Egypt. Uruguay is in the process of joining the NDB and Saudi Arabia is also in talks to become a member.

Silk Road Briefing

Eurasian Central Banks: A Fragmentation of the Global Financial System is Already Happening

05/30/2023

The Eurasian Economic Forum was held last week in Moscow, with discussions concerning the process of de-banking (disconnection from global payment systems) within the Eurasian region. Ksenia Yudaeva, the First Deputy Chairman of the Russian Central Bank said that this process has intensified and will introduce the fragmentation of the global financial system. Discussions took place as concerns a new financial settlement direction. We discuss what was suggested.

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ASEAN

Setting Up a Business in Nusantara, Indonesia: Investor Requirements, Tax Benefits

05/31/2023

We discuss Indonesia’s corporate establishment requirements and tax benefits for investors in Nusantara, the new capital city.

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China

Investing in Wuhan, Hubei Province: China City Spotlight

05/31/2023

In this investment profile of Wuhan, Hubei province, central China, we discuss the city’s key economic strengths, industrial ecosystem, supportive policies and incentives, and designated preferential zones to shed light on the opportunities it offers to potential investors.

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India

PLI 2.0 for IT Hardware in India: Application Window Opens June 1

06/01/2023

India has notified the rules and incentives for the PLI Scheme 2.0 for IT Hardware. Companies interested can apply from June 1, 2023.

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Vietnam

Renminbi Rising: What Foreign Firms in Vietnam Should Know

05/31/2023

The Chinese Yuan is becoming more and more popular in international transactions as the United States dollar appreciates. Here’s what this looks like in ASEAN and Vietnam.

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Russia

Russia Briefing

Russia’s New Gas Strategy in Central Asia

05/31/2023
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Silk Road Briefing

Expansion Of The BRICS New Development Bank

05/31/2023
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Middle East

Middle East Briefing

UAE Corporate Restructuring, M&A: New Tax Relief Laws

05/31/2023

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