What incentives will attract global investors to Bali?

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No Specific Incentives for Bali Financial Centre Detailed

The Indonesian government is planning to establish Bali as an international financial centre, with senior adviser Luhut Pandjaitan highlighting investor interest in the island as a safe haven. While legislation has been passed and details are expected soon, the specific incentives intended to attract global investors to Bali have not yet been publicly disclosed.
Bali Pitched as a Peaceful Alternative for Investors

Global investors are reportedly seeking alternative locations due to geopolitical tensions, particularly mentioning the conflict in the Middle East. Luhut Pandjaitan has stated that these investors have expressed a desire to move their assets to Bali, perceiving it as a peaceful environment. This perception of tranquility is being leveraged in the pitch to establish Bali as a competitive financial hub.
Government Acknowledges Need for Transparency and Anti-Corruption Measures

To foster investor confidence and credibility, Indonesia recognises the necessity of improving transparency and actively combating corruption. Luhut Pandjaitan has emphasised that these reforms are crucial for Bali to effectively compete with established financial centres such as Singapore, Hong Kong, and the United Arab Emirates. Without addressing these concerns, gaining trust from potential investors is considered challenging.
Legislative Framework and Legal Structure Under Consideration

Legislation has been enacted to facilitate the development of the international financial centre in Bali. A key aspect under consideration is the potential for the hub to operate under international commercial law, distinct from Indonesia's existing civil code. This approach is being likened to Hong Kong's legal framework, suggesting a model that could offer a familiar and predictable legal environment for international businesses.

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What incentives will attract global investors to Bali?

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