Bali’s growing infrastructure makes it a prime hub for business and tourism. To attract foreign investors, Bali has established Special Economic Zones (SEZs) to boost economic growth and create jobs.
This article highlights the benefits of two prominent SEZs: the Sanur Health and Wellness Tourism SEZ and the Kura Kura Bali SEZ.
What are Bali Special Economic Zones (SEZs)?
SEZs are designated areas with special economic regulations to attract foreign investment, stimulate growth, and create jobs. Both Sanur and Kura Kura SEZs provide significant incentives, making them ideal for investors in tourism, healthcare, and creative sectors.
These incentives not only promise substantial financial returns but also support the development of a world-class medical and tourism hub in Bali. If you are looking for investment opportunities in Bali’s SEZs, you can contact Emerhub for a personalized consultation.
Sanur Bali Special Economic Zone (SEZ)
Sanur SEZ in Bali, Indonesia, is a specialized zone dedicated to health and tourism, officially approved on July 22, 2022, by the National Council of Special Economic Zones. It aims to provide medical care to Indonesians who currently seek treatment abroad.
The Sanur SEZ is expected to create around 43,000 jobs and boost medical tourism by attracting 140,000 patients by 2030.
Medical and Tourism Initiatives in Sanur SEZ
The Sanur SEZ covers an area of 41.26 hectares, with anticipated investments totaling Rp. 10.2 trillion. It features various medical and tourism initiatives, including:
- Hospitals: State-of-the-art healthcare facilities providing a wide range of medical services.
- Clinics
- Ethnomedicinal Botanical Garden: Covering 6.5 hectares, it offers educational programs, workshops, and tours to educate visitors about over 500 species of plants with medicinal and therapeutic values.
- Hotel Accommodations
- Hotel Grand Inna Bali Beach: A five-star hotel offering luxurious accommodations with 523 rooms, suites, villas, and cottages.
- MICE Facilities: Meeting, incentive, conference, and exhibition facilities, including a convention center, ballroom, banquet hall, and several meeting rooms accommodating up to 2,000 people.
- Commercial Centers: Various shops, cafes, restaurants, and entertainment venues showcasing Balinese and Indonesian art and culture.
Benefits of Investing in Sanur Special Economic Zone (SEZ)
The Sanur International Hospital, located within the Sanur SEZ, provides significant advantages for foreign investors, including tax exemptions, customs benefits, and visa facilitation. These incentives make the SEZ an attractive destination by reducing financial burdens and increasing potential returns on investment.
Tax Exemptions and Holidays
Investors can enjoy substantial tax reductions through income tax holidays. You will also be exempt from paying value-added tax (PPN) and luxury goods sales tax (PPnBM).
For example, if you invest $5 million in a wellness center, you will receive a 5-year tax holiday. This allows you to reinvest the savings into enhancing your services.
Customs and Fiscal Facilities
Investing in the Sanur SEZ also offers access to advantageous customs and fiscal facilities. The hospital's range of services includes primary care and specialized treatments. Investors benefit from eased regulations for importing goods and reduced customs duties, including medical equipment.
For example, as a medical equipment supplier, importing equipment worth $500,000 could result in savings of 10-20% on customs duties.
Visa Facilitation
The SEZ provides simplified visa processes for business and medical visas. International medical specialists can quickly obtain business visas, enabling them to start work sooner in wellness resorts within the Sanur SEZ.
Kura Kura Bali Special Economic Zone (SEZ)
The Kura Kura Bali SEZ, located on 498 hectares of Serangan Island, focuses on sustainable urban development, creating integrated spaces for business, leisure, and living. It is projected to generate over 35,000 direct jobs and substantial indirect employment, significantly contributing to Indonesia's GDP.
Key Developments in Kura Kura SEZ:
- Marina with Integrated Resort: Includes hotels, resorts, and a wellness center, offering luxurious accommodations and top-tier amenities.
- Educational and Technological Park: Features leading institutions and innovation hubs.
Tax Exemptions: VAT and Luxury Goods Tax
Kura Kura SEZ offers substantial tax breaks. For example, if you invest Rp100 billion to Rp500 billion in Kura Kura SEZ, you can enjoy a 10-year income tax holiday, with larger investments granting up to 20 years of tax exemption.
You will also be exempt from paying value-added tax (PPN) and luxury goods sales tax (PPnBM).
Customs and Fiscal Facilities
Kura Kura SEZ offers eased regulations for importing goods, reducing customs duties and facilitating smoother operations. You will also benefit from streamlined processes related to goods traffic, employment, immigration, business permits, land, and spatial planning.
For example, if you import medical equipment worth $500,000, you could save 10-20% on customs duties.
Relaxed Immigration Rules
Kura Kura SEZ eases the process of hiring foreign talent and facilitating business travel. This relaxed immigration policy allows you to bring in skilled professionals from around the world efficiently, ensuring that your business has access to the best expertise available.
Emerhub: Your Partner in Navigating Bali Special Economic Zones (SEZs)
Emerhub can inform potential investors and businesses about the opportunities and benefits of investing in Bali's SEZs. We position ourselves as a knowledgeable and reliable partner to help you navigate investment opportunities in Bali.
Contact us via the link below for our expert support in SEZs in Bali.