Nusantara Is Not Built in a Day: Indonesia’s New Capital and Opportunities for Russian Investments
... assumed by the parties. On the one hand, this opens up great opportunities for developing cooperation, but on the other hand, it signals potential partners may leave if there’s dragging on with working out solutions “on the ground”. Meanwhile, the Indonesian government is not standing still, finalizing a regulation that offers a number of fiscal and non-fiscal incentives for foreign investors in Nusantara, including 30-year tax remissions for investments in utilities and infrastructure, tax deductions for research and scientific development in Nusantara, and 20-year tax benefits for investments in tourism, conference halls, exhibition centers and hotels in the new capital. Non-fiscal support ...