Helping Singapore Businesses Set Up in Indonesia

Singapore businesses have steadily renewed their interest in investing in Indonesia due to:

  • Indonesia’s strong domestic consumption, which is projected to be worth close to S$1.38 billion by 2030
  • Foreign Direct Investment in 2012 reached a record high of S$28.8 billion, which will further boost domestic consumption and economic growth
  • Rapid urbanisation and a growing middle class, which is predicted to be the third largest after China and India


Our Indonesia Desk recognises that it is important to do proper planning to set up an effective legal structure in Indonesia prior to starting a business such that the overall tax cost is kept at a minimum.

With our network firm in Indonesia, RSM AAJ, we offer Singapore businesses access to local advisors who are tapped into the pulse of the Indonesian business environment. On-the-ground experience combined with a Singaporean perspective gets your business started on a solid footing, with both clarity and the traction needed to start operations without delays.

Our services, with the support from RSM AAJ, include:

  • Advice on Tax effective Legal Entity Structure for Singaporean entity to do business in Indonesia
  • Tax Risk Management
  • Tax Planning for Cross-border Investments and Transactions
  • Tax Planning for Expatriates
  • Setting up Business in Indonesia
  • Outsourcing of Accounting and Corporate Secretarial
  • Ongoing Tax Compliance services for the Indonesian operations


Helping Indonesia Businesses Enter Singapore

With the Indonesian economy being the largest in South East Asia, and one of the emerging market economies in the world, there has been an influx of privately held and family-owned businesses as well as listed corporations into Singapore.

We understand the unique needs of such businesses and provide a familiar face that Indonesian business owners can turn to. We demystify the challenges of doing business in Singapore as well as pave the way for business owners to use Singapore as a springboard to the region and beyond. Indonesian business owners can expect to benefit from Singapore’s pro-business climate:

  • No Capital Gains Tax
  • 17% corporate tax rate that may be reduced further by partial exemption scheme
  • Productivity & Innovation Credit Scheme (“PIC”) whereby a company may obtain up to 400% tax deduction if certain conditions are met
  • Low financing cost


Our services include:

Loan Structuring

  • Undertaking fund-raising activities via bonds issuance
  • Lower the overall borrowing cost


Setting up Business in Singapore

  • Advice on Appropriate Vehicle of Establishment
  • Incorporation of Local and Offshore Companies or Setting up of Representative or Branch Office including provision of Nominee Directors and Statutory Compliance
  • Application for Government Licences, Employment Pass and Permanent Residence
  • Linking Investors with relevant government bodies, professionals and business partners
  • Tax Planning for Cross-border Investments and Transactions and for Expatriates


Listing on Singapore Stock Exchange

We provide Indonesian companies with a total solution for listing on the Singapore Exchange. Our public accounting arm acts as the Reporting Accountants, while our business advisory arm acts as the IPO advisor.

1. Acting as Reporting Accountants

2. Acting as Advisor to IPO

  • Feasibility Study
  • Corporate Restructuring
  • Financial Aspects and Non-Financial Aspects including Internal Controls
  • Board Memorandum
  • Project Management

Our Specialists

Paul Lee Managing Partner
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