North Sumatra Investment Book

Subsidy and incentives for SEZ Income Tax • ● Tax holiday for investment >Rp 500bn Tax allowance of 30% from NI Faster depreciation allowed No VAT for import ● No VAT for transactions with tenant in Sei Mangkei Dedicated wage council One Labor Union allowed. Better regulation for expat workers Labor Visa on arrival for 5 visits ⚫ Immig Multiple visa for 1 year • Living permit to owners of property • ration FISCAL VAT Foreigner Property Right Tourism Sector • • . Foreigners can own property Owner of property can get living permit Deduction between 50- 100% for construction and entertainment tax Rights to build permit Easier process for land • permit NON Land Regulation FISCAL 3 hours licensing All licensing can be done. through SEZ administrator Licensing 32

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