Indonesia's Highest Business Startup Costs in ASEAN

Economics & Macro

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29/10/2016 11:46 WIB

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Percentage of Business Startup Costs Relative to Per Capita Income in ASEAN

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Percentage of Business Startup Costs Relative to Per Capita Income in ASEAN

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The cost of starting a business in Indonesia is the highest among other ASEAN countries. High costs of setting up a business create a less competitive investment climate compared to other Southeast Asian countries such as Singapore, Vietnam, and Malaysia.

The World Bank's Doing Business 2017 annual report shows that the cost of starting a business in Indonesia reaches 19 percent of per capita income. Singapore has the lowest cost of starting a business in ASEAN, at only 0.6 percent of per capita income.

In the report, Indonesia's ease of doing business ranking rose to 91st from 106th the previous year, but still lags behind other Southeast Asian countries.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."