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Business in Bali
Bali, an Indonesian island known for its beautiful beaches, temples, and friendly locals, is quickly becoming a hub for entrepreneurs and business owners looking for tax advantages and affordable living expenses. With low salaries and tax rates, Bali is a great place to start a business and live a comfortable lifestyle.
One of the biggest tax advantages of living in Bali is the Indonesian government’s generous tax incentives for foreign investors. For example, the government offers a 0% tax rate on dividends paid to foreign shareholders, making it an attractive location for businesses looking to minimize their tax liability. Additionally, Indonesia has a relatively low corporate tax rate of 25%, compared to the average rate in developed countries, which can exceed 30%. These tax incentives make Bali an attractive destination for businesses that want to operate efficiently and cost-effectively.
Another advantage of living in Bali is the low cost of living. According to Numbeo, a website that tracks cost of living data, Bali is significantly cheaper than other major cities in Southeast Asia, such as Singapore and Hong Kong. The cost of rent, food, and transportation is much lower in Bali, which means that entrepreneurs and business owners can enjoy a higher quality of life without breaking the bank.
While Bali’s low cost of living and tax incentives are great for entrepreneurs and business owners, navigating the Indonesian business landscape can be challenging for foreigners who are unfamiliar with the country’s laws and regulations.
That’s where we comes in.
Best of Bali is a company that specializes in helping foreigners find the best business consultants, accountants, tax planners, and legal professionals in Bali. We provide a personalized service that helps entrepreneurs and business owners find the right service providers for their specific needs.
So if you’re thinking about setting up a business in Bali, contact us today to schedule a free consultation. Let us help you find the best service providers and set your business up for success in this beautiful and exciting location.
