Indonesia to Implement Family Office in October 2024
SEAToday.com, Jakarta - The Law and Human Rights Ministry said Indonesia will implement a family office investment scheme or family-based fund management, suitable for social enterprises.
The ministry’s General Legal Administration (AHU) Director General Cahyo Muzhar said on Friday (7/26) that the programme will be launched in October 2024, in line with plans to launch a social enterprise entity by the AHU Directorate General. According to him, this scheme was adopted from the United Arab Emirates (UAE).
He explained that the UAE has philanthropists who are interested in placing their funds in social enterprise entities for social business activities and other non-profit activities. Meanwhile, in Indonesia, it can be done by creating a comprehensive, integrated international business ecosystem, and providing ease of investment in legal and institutional infrastructure.
Recommended Article
Indonesia Invesment
President Prabowo Secures IDR 294 Trillion in Foreign Investments...
From his visit over the past two weeks, President Prabowo received investment commitments worth a total of US$18.57 billion or around Rp294.80 trillion (assuming an exchange rate of Rp15,880.00 per US dollar).
Indonesia-Malaysia Investment Forum 2024: Strengthening Strategic...
Indonesia - Malaysia Investment Forum 2024: Strengthening Strategic Partnerships for Investment Opportunities
President Prabowo Oversees $10.07 Billion Deal Between Indonesian...
resident Prabowo Subianto attended the signing of a memorandum of understanding (MoU) between Indonesian and Chinese companies, totaling $10.07 billion.
President Joko Widodo: Indonesia Has Potential to Become New Asia...
President Joko "Jokowi" Widodo said that Indonesia has the potential to become one of the new economic powers in Asia, along with India and China.
Popular Post
Top 10 SOEs on 2024 Fortune Southeast Asia 500, Telkom Indonesia...
A total of 20 state-owned enterprises (SOEs) are listed in the Fortune Southeast Asia 500 2024. Indonesia’s largest telecommunications company Telkom Indonesia (@telkomindonesia) was also included in the top 10 list
Trade Ministry Ready to Support Freeport’s Second Smelter in Gres...
The Trade Ministry is ready to support PT Freeport Indonesia (PTFI) ahead of the operation of its second smelter in Gresik, East Java.
Minister Airlangga: VAT to Increase to 12 Pct. Starting 2025
Minister Airlangga said VAT to Increase to 12 Pct. Starting 2025
