• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Cekindo Business Center

Cekindo Business Center

Business Expert in Indonesia

  • Homepage
  • About Us
    • Client’s testimonials
    • Company Profile
    • Terms & Conditions
  • Our Services
    • Virtual Office
    • Co-working and Private Office
    • Business Visa
    • Due Diligence Solutions
    • Shelf Company
    • Company Registration
    • Foreign-Owned and Local Nominee Company
    • Representative office
  • Gallery
  • Blog
  • FAQ
  • Contact
  • ENEN
    • ENEN
    • IDID

Understand the Boom of Creative Industries in Indonesia

Home » Blog » Understand the Boom of Creative Industries in Indonesia

The cultural and creative industries are the new pillar industries in Indonesia and have made great contributions to the country’s economy and social employment.

The data shows that the Asia-Pacific region is the most prosperous region of the world’s cultural and creative industries (total revenue of US$743 billion), followed by Europe (total revenue of US$709 billion), North America (total revenue of US$620 billion), Latin America (total revenue of US$124 billion) and Africa and the Middle East (total revenue of US$58 billion).

The creative industries are ready to become a new economic driver in Indonesia via the incentives and supports such as science and technology parks and the involvement in international fairs by the government.

The Indonesian government has also set out new regulations to simplify the process and the requirements for investors to invest in this sector.

In this article, we will give you a more detailed look into these booming creative industries.

SUPPORT BY THE GOVERNMENT

According to a forecast by Indonesia’s Creative Economy Agency (BEKRAF), the creative industries in Indonesia have hit a new high in 2018. BEKRAF even expects a 12% surge in GDP, 10% increase in exports, and a 13% rise in employment (about 16.7 million workers) contributed by the creative industry in 2019.

In order to achieve this target, at least five technoparks in Bandung, Semarang, Denpasar, Batam and Makassar have been developed by the Ministry of Industry.

The development of the digital economy has affected some traditional industries such as print media and brick-and-mortar stores, but it has injected vitality into more relevant fields in Indonesia.

On top of that, BEKRAF has engaged Intel, Nielson and PwC — world-class research agencies — to analyse the local creative industry and find areas for necessary improvement.

To encourage foreign investment, BEKRAF also came up with a framework namely Investment Readiness Levels (IRL) for several subsectors as mentioned earlier. Investors can use IRL as a benchmark or reference to assess investment readiness while investing their capital in a specific creative sector they are interested in.

A DIVERSITY OF CREATIVE INDUSTRIES IN INDONESIA

The creative industries in Indonesia are diverse and can be divided into 16 categories:

architecture, apps and game development, product design, interior design, fashion, movies, visual communication design, animation, photography, movies, crafts culinary arts, advertising, publishing, fine art, television and radio, and performing arts.

E-commerce: One of the Most Important Creative Sectors

E-commerce has become an important retail segment in Indonesia as part of the creative sectors. According to the BKPM (Indonesia Investment Coordinating Board), US$27 million of investment in e-commerce has been recorded.  

Many foreign investors have their eyes on e-commerce players that are popping up in Indonesia as due to their undeniable growth potential.

Some of the big e-commerce players in Indonesia are Lazada.com, MatahariMall.com and Tokopedia.com.

TRANSFORMING TRADITIONAL BUSINESSES

Despite the unceasing growth of creative industries, the Indonesian government is working hard to raise the bar of the competitiveness of traditional markets in order to protect them.

In 2015, the government in Indonesia even allocated IDR 997 billion for the revitalisation of 1,002 traditional businesses with each market receiving between IDR 2 billion and IDR 20 billion. From this initiative, it is obvious that the development of creative industries in Indonesia is unstoppable.

In Conclusion

Creative industries in Indonesia hold massive potential for investors from all over the world. Extensive government initiatives also create solid ground for these particular sectors, and foreign investments are welcome.

Contact Cekindo to get more information about restrictions on foreign ownership in Indonesia, and start a company in one of the creative industries in Indonesia. We can assist you.

Related Posts

Is the Virtual Office Concept Here to Stay?

Is the Virtual Office Concept Here to Stay?

Meeting Room vs. Conference Room: The Differences

Meeting Room vs. Conference Room: The Differences

Contact Us

    Footer

    Jakarta – Slipi

    Grand Slipi Tower 9th fl. (Unit G)

    Jl. Letjen. S. Parman Kav. 22-24

    Palmerah, West Jakarta 11480

    Indonesia

    +6221 80660900

    Jakarta – Kuningan

    AXA Tower 36th fl. Kuningan City

    Jl. Prof. Dr. Satrio Kav. 18

    South Jakarta 12940

    Indonesia

    +6221 50101510

    Jakarta – Kebon Jeruk

    Business Park Kebon Jeruk, Blok H1-H2

    Jl. Raya Meruya Ilir No.88

    Jakarta Barat 11620, Indonesia

    +622180660900

    Bali

    Istana Kuta Galeria

    Blok BW 2 No. 3A

    Jl. Patih Jelantik, Kuta, Badung

    Bali 80361, Indonesia

    +62361 2090200

    Semarang

    Ruko Peterongan Plaza Blok C-2

    (in front of Sri Ratu Peterongan)

    Jl. MT. Haryono No.719

    Semarang 50242, Indonesia

    +6224 86001600

    Privacy Policy · © 2021 · Cekindo Business Center

    Cekindo March 2021 Promo Cekindo March 2021 Promo Cekindo March 2021 Promo Cekindo March 2021 Promo Cekindo March 2021 Promo Cekindo March 2021 Promo
    ×
    X
    REGULATION UPDATES:
    Indonesia has closed its borders to foreign travelers until further notice. With the exceptions of foreigners with KITAS, KITAP, and diplomatic permits.
    The Ministry of Manpower has temporarily suspended all new foreign Visas and KITAS applications until further notice.
    Employed Foreigners (holding an existing and valid KITAS) who are currently in Indonesia, may file for an extension under their Employer.
    The immigration office in Denpasar (Bali) is limiting Visa extensions to 4 times. To continue staying in Bali, Foreigners can apply for a new Single-Entry Business Visa in Bali. The process takes up to 14 days and the overstay penalty is 1Mil IDR a day.
    If you require more guidance, please get in touch with our teams for the latest updates.
    Further details on COVID19.go.id