Indonesia plans facilities for its international financial center
Jakarta, July 2 -- The government is preparing a range of facilities to attract investors to channel capital into the planned Indonesian International Financial Center (IIFC), according to Finance Minister Purbaya Yudhi Sadewa.
Speaking in Jakarta on Thursday, he argued that drawing investments into the IIFC requires initiatives to ease migration, employment, residency, licensing, and taxation.
He also proposed establishing a dedicated court to handle disputes related to the IIFC, emphasizing the importance of legal certainty.
"Among the most important factors in the success of an international financial center is legal certainty and the presence of an agile, professional dispute resolution mechanism trusted by international business a...
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