by | Mar 18, 2025 | Business
Asuene, a leading provider of carbon accounting and decarbonization solutions, and Artemeter LLC, a premier carbon investment manager, today announced a strategic partnership to enhance corporate sustainability efforts in the Asia Pacific region. This collaboration brings together Asueneʼs expertise in carbon accounting and emissions reduction planning with Artemeterʼs cost-effective carbon portfolio management and investment strategies, offering businesses a holistic approach to achieving their sustainability goals.
Key Highlights of the Partnership
・Integrated Decarbonization Solutions: Asueneʼs carbon accounting platform, which supports companies in measuring, reducing, and reporting Scope 1-3 emissions, will integrate with Artemeterʼs carbon portfolio management services, enabling businesses to seamlessly transition to sustainable practices.
・Cost-Effective Transition Solutions: Artemeterʼs strategies will help corporate clients manage the financial challenges of decarbonization, making sustainable transitions more affordable and accessible.
・Access to High-Quality Carbon Projects: The partnership will provide access to Artemeterʼs portfolio of high-quality carbon projects, ensuring businesses can secure affordable carbon credits from Africa and South East Asia to offset emissions effectively while supporting impactful environmental initiatives.
What the partnership offers Asia Pacific businesses
・CO2-Marketing Activities: Asuene and Artemeter will collaborate on joint marketing campaigns to raise awareness about the importance of decarbonization and the benefits of their combined solutions. This includes webinars, industry events, and thought leadership content to engage corporate clients across the Asia Pacific region.
・Collaboration for Seamless Client Solutions: The partnership will focus on developing tailored solutions for corporate clients, integrating Asueneʼs carbon accounting platform with Artemeterʼs carbon credit investment strategies. This will enable businesses to not only measure and reduce their emissions but also invest in high-quality carbon projects to offset their remaining carbon footprint.
・Access to Artemeterʼs High-Integrity Carbon Credit Projects on CarbonEX: Artemeterʼs portfolio of high-integrity carbon projects will be listed on CarbonEX, Asueneʼs carbon credit and emissions trading platform. This provides Southeast Asia and Africa carbon project developers with unique access to Japanese corporate clients who have an emerging interest in the voluntary carbon market outside the JCM, fostering greater collaboration and investment in high-impact carbon projects in the region.
Quotes from Key Executives
Masaaki Hamada, Managing Director of Asuene APAC
Our partnership with Artemeter is a significant step forward in helping South East Asia businesses navigate the complexities of decarbonization. By combining our carbon accounting expertise with Artemeterʼs cost-management strategies, we can empower companies to achieve their sustainability goals in a financially viable way.
Olivia Albrecht, CEO and Founder of Artemeter
We are excited to collaborate with Asuene, a true leader in carbon accounting and emissions reduction. Together, we can provide businesses with the tools and strategies they need to make a sustainable transition without compromising their financial health.
About Artemeter
Artemeter is a carbon investment manager that connects capital to high-quality carbon projects globally. Backed by DRW, Artemeter leverages financial markets to drive measurable environmental and financial impact, helping businesses achieve their sustainability targets while capitalizing on the growth potential of carbon credits.
Company Name: Artemeter
Representative: CEO and Founder Olivia Albrecht
Website: https://www.drw.com/artemeter
by | Mar 17, 2025 | Business
Stay updated on the latest XRP news! The SEC vs. Ripple case enters a critical phase, with speculation on whether the SEC will withdraw its appeal. Discover how regulatory changes, XRP’s price outlook, ETF prospects, and Ethereum’s declining market share could shape the crypto landscape.
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is approaching a decisive phase. As of Monday, March 17, the one-month countdown begins for Ripple to file its appeal-related reply brief, countering the SEC’s arguments.
Ripple’s deadline is set for April 16, while the SEC’s opening brief was filed on January 15, challenging Judge Torres’ ruling on the Programmatic Sales of XRP.
SEC Shake-Up Raises Uncertainty Over Appeal
Since the SEC’s opening brief, a wave of leadership changes has reshaped the agency’s stance on crypto regulation:
- Gary Gensler stepped down as SEC Chair.
- Former SEC Commissioner Paul Atkins, known for his crypto-friendly stance, was nominated as the new Chair by President Trump.
- Mark Uyeda was appointed as Acting SEC Chair.
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Commissioner Hester Peirce was appointed to head the newly established Crypto Task Force.
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The SEC reassigned its lead crypto litigator, Jorge Tenreiro, to the IT department, signaling a shift in crypto enforcement strategies.
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The Crypto Assets and Cyber Unit was disbanded, giving rise to the Cyber and Emerging Technologies Unit (CETU), focused on fraud cases.
If Paul Atkins is confirmed, this restructuring could signify the SEC’s withdrawal from non-fraud-related crypto cases, leading to speculation that the agency may abandon its appeal against Ripple.
Will the SEC Withdraw Its Appeal?
With no confirmation hearing scheduled for Atkins, the decision on the appeal may rest with Acting Chair Uyeda and Crypto Task Force Head Peirce.
Uyeda’s previous statements suggest a likelihood of withdrawal: “The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm. President Trump and the American electorate have sent a clear message. Starting in 2025, the SEC’s role is to carry out that mandate.”
Judge Analisa Torres’ Final Judgment in August 2024 fined Ripple $125 million for securities law violations—a fraction of the SEC’s $2 billion demand. The absence of fraud allegations could be a decisive factor in whether the SEC continues its appeal.
XRP Price Outlook: Legal Clarity Could Influence Demand
On Sunday, March 16, XRP ended its five-day winning streak, dropping 4.07% to close at $2.2952. The broader crypto market also declined by 2.39%, with total market capitalization falling to $2.65 trillion. But today, on Monday, March 17, XRP traded at $2.3324
Key factors influencing XRP’s price:
1. SEC Appeal Strategy: A withdrawal could push XRP above its all-time high of $3.55, while prolonged legal uncertainty may drop it below $1.50.
2. XRP-Spot ETF Prospects: Approval could drive prices toward $5, but unresolved legal issues may delay this process.
3. Macro Risks: Trade tensions and Federal Reserve policies could push XRP to $1.7938, while easing tensions may support recovery to $2.50.
Crypto Investment Trends: A Tough Period for ETPs
Crypto exchange-traded products (ETPs) faced significant outflows, with $1.7 billion exiting the market last week. This marks the fifth consecutive week of losses, bringing total outflows to $6.4 billion—an all-time high.
- U.S. Investors Led the Exodus: U.S. investors accounted for 93% of last week’s outflows ($1.16 billion).
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Bitcoin-related investment products recorded $978 million in outflows.
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Ethereum and Solana investment products lost $175 million and $2.2 million, respectively.
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Blockchain equity funds faced a $40 million sell-off.
However, XRP bucked the trend, attracting $1.8 million in fresh inflows, bringing its monthly total to $7.4 million. Year-to-date, XRP has amassed $212 million in inflows, trailing only Bitcoin ($612 million) and Ethereum ($412 million).
XRP Defies the Trend and Challenges Ethereum
XRP’s price against Etherium (ETH) reached its highest level in five years, touching 0.00128 ETH on March 15—a 925% rebound from its all-time low in June 2024. Market watchers speculate that XRP could surpass ETH’s market capitalization if the current trend continues.
- Analyst Dom highlights 0.0012 ETH as a key resistance level, historically preceding explosive XRP rallies.
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If XRP repeats past performances, an 80% rally could position it above Ethereum’s market capitalization.
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XRP’s market cap is currently $138 billion, less than $100 billion short of Ethereum’s.
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XRP’s Fully Diluted Valuation (FDV) briefly surpassed Ethereum’s earlier this week.
Ethereum’s Declining Market Share
Ethereum has struggled against competitors like Solana, with its market dominance shrinking by over 35.5% since Trump’s reelection. Several factors contribute to Ethereum’s underperformance:
1. Regulatory Sentiment: Trump’s pro-crypto stance has benefited XRP, while Ethereum remains under scrutiny.
2. Competition from Solana: Solana’s faster, cheaper transactions have drawn developers and traders away from Ethereum.
3. Ethereum’s Dencun Upgrade: While reducing transaction fees by 95%, the upgrade has weakened Ethereum’s deflationary appeal.
Conclusion: A Defining Moment for XRP and Crypto Markets
The SEC vs. Ripple case remains a critical driver for XRP’s price movement and market positioning. With leadership changes at the SEC and shifting regulatory priorities, the likelihood of the SEC withdrawing its appeal has increased.
This could provide long-awaited legal clarity, potentially driving XRP to new highs and strengthening its position in the crypto market. Meanwhile, Ethereum’s declining dominance highlights the growing competition in the layer-1 blockchain space.
The coming weeks will be crucial in determining XRP’s trajectory and its ability to challenge Ethereum’s market position.
by | Mar 17, 2025 | Business
Could U.S. crypto investors soon enjoy tax-free gains? Trump’s potential tax cuts spark speculation, while a federal Bitcoin reserve raises new questions. Discover the latest on crypto taxation and policy shifts.
The possibility of eliminating federal taxes for individuals earning under $150,000 annually has sparked intense speculation in the cryptocurrency community.
This discussion arose following Commerce Secretary Howard Lutnick’s announcement that President Donald Trump is considering such a tax cut as part of a broader strategy to provide financial relief to middle-class Americans.
Now, crypto investors are wondering if Trump might extend similar benefits to digital assets.
A Potential Turning Point for Crypto
The idea of eliminating taxes on cryptocurrency gains has been floating around for weeks, with heightened anticipation leading up to a recent crypto summit. Many expected Trump to make a major announcement regarding tax cuts for digital assets, but no such declaration was made.
However, as tax reform continues to dominate discussions within the administration, the hope for a crypto tax exemption remains alive.
If Trump were to implement such a policy, it could mark a significant turning point for the industry.
Lowering or eliminating crypto taxes would likely attract more investors, accelerate mainstream adoption, and position the U.S. as a global leader in digital assets. Given Trump’s previous pro-crypto remarks, such a move wouldn’t be entirely surprising.
Potential Challenges and Concerns
Despite the excitement, significant hurdles remain. Critics argue that removing taxes on crypto gains would disproportionately benefit wealthy investors while increasing economic inequality.
Nobel Prize-winning economist Joseph Stiglitz has warned about the dangers of self-dealing and corruption within Trump’s administration, raising concerns about policies that primarily serve billionaires and financial elites.
Adding fuel to these concerns is the strong financial backing Trump has received from the crypto industry. Wealthy investors and executives have poured millions into his campaign, and some speculate that crypto-friendly policies could be a form of political repayment.
The Strategic Crypto Reserve: A Boon or a Burden?
One of the most controversial aspects of Trump’s crypto strategy is the proposal for a federal crypto reserve. The idea, championed by newly appointed AI and crypto czar David Sacks, involves consolidating government-owned crypto assets into a digital stockpile for “responsible stewardship.”
Sacks highlighted that the U.S. government previously held approximately 400,000 Bitcoin, a significant portion of which was sold for around $360 million. Had those holdings been retained, they would now be worth over $17 billion.
To prevent further missed opportunities, Trump recently signed an executive order to create a strategic Bitcoin reserve using seized crypto holdings. However, the administration has opted for a budget-neutral approach, meaning new Bitcoin purchases will be limited.
This decision has created uncertainty within the market. Some investors see it as a strategic effort to enhance government-held crypto value, while others question the administration’s long-term commitment to digital assets.
Experts believe that the establishment of Bitcoin reserves by countries like China and the U.S. could trigger a global race to adopt digital assets as part of national financial strategies.
Broader Economic Implications
Beyond crypto, Trump’s broader economic policies—including extending the 2017 tax cuts, implementing new tariffs, and deregulating industries—are expected to deepen economic inequality.
Analysts predict that the administration’s tax plans will primarily benefit the wealthy while adding trillions to the national deficit.
Similarly, Trump’s proposed tariffs could cost the average American household an additional $2,600 annually, burdening middle-class families while benefiting corporate elites.
Further complicating matters is Trump’s alliance with billionaires like Elon Musk, who is leading a campaign to cut $2 trillion in government spending through a new initiative called the Department of Government Efficiency (DOGE).
Critics argue that this initiative is another step toward deregulation and privatization, ultimately weakening consumer protections.
Conclusion: The Future of U.S. Crypto Policy
As Trump’s administration pushes forward with its economic and crypto-related strategies, the future of digital assets in the U.S. remains uncertain.
While the potential elimination of crypto taxes could provide a major boost to the industry, concerns about wealth redistribution, economic inequality, and political favoritism continue to loom large.
With other nations establishing Bitcoin reserves, the U.S. must decide whether it will fully embrace crypto as part of its financial framework.
If the administration follows through with its strategic reserve initiative, Bitcoin could eventually compete with gold for global reserve status. Whether this shift benefits the average American or primarily serves the interests of the wealthy remains to be seen.
by | Mar 17, 2025 | Business
BlackRock’s potential XRP ETF filing sparks excitement, pushing XRP prices up 6% to $2.46. Investors anticipate SEC decisions and ETF approvals, eyeing a $5 target. Will XRP break new highs? Read the latest analysis now!
The cryptocurrency market has witnessed an enthusiastic response as BlackRock considers filing an exchange-traded fund (ETF) featuring XRP. Speculation regarding a potential BlackRock XRP ETF launch has driven XRP prices upward by nearly 6%, reaching a trading value of $2.46. Traders achieved a 24-hour high of $2.47, reflecting strong confidence in XRP’s potential.
Investors are eagerly anticipating regulated institutional-grade investment products that could enhance market stability. Market analysts believe such products could attract conservative investors and transform the traditionally volatile crypto sector into a more structured financial market.
BlackRock’s Entry: A Game-Changer for XRP and Institutional Investments
BlackRock continues to innovate by venturing boldly into the cryptocurrency space, significantly influencing market dynamics through its regulated investment options.
The firm’s interest in XRP has resulted in a 6% increase in XRP Futures Open Interest, now valued at $3.38 billion. Recent data from CoinGlass suggests that traders maintain a bullish outlook on XRP, viewing BlackRock’s involvement as a catalyst for sustained growth.
The company’s strategic actions in the ETF market indicate its intention to expand its portfolio beyond Bitcoin and Ethereum, actively filing for new ETFs. With regulatory concerns regarding XRP being resolved, BlackRock’s market entry could signify a major milestone in legitimizing XRP as a stable asset.
XRP Eyes $5 Milestone Amid Bullish Forecasts
Optimism surrounding a potential BlackRock XRP ETF has fueled speculation that XRP could soon reach new heights. Market analysts have identified crucial support levels at $2.1 and $2.2, with future targets set at $3, $4.2, and ultimately $5.
Investor confidence continues to rise, with expectations that an ETF approval will significantly boost market liquidity and trading volume. Some analysts even predict that under favorable market conditions, XRP could attain double-digit values, reinforcing its long-term growth potential.
Institutional Interest and Market Sentiments Strengthen
BlackRock’s possible inclusion of XRP in an ETF has intensified institutional interest, with many investors expecting this move to redefine public and institutional perceptions of XRP’s value. Analysts have noted a surge in market sentiment, as evidenced by increasing trading volumes and XRP futures open interest.
The excitement surrounding the XRP ETF launch suggests a significant transformation in the crypto industry, where major institutions could play a leading role in shaping the next era of digital asset investments.
SEC Appeal Withdrawal Hopes Drive XRP Demand
Recent speculation about the SEC possibly withdrawing its appeal in the Ripple case has added further momentum to XRP demand. On March 17, XRP recorded a 1.74% gain, extending its five-day winning streak and outperforming the broader crypto market.
Notably, XRP briefly surpassed Ethereum (ETH) in fully diluted valuation, highlighting its growing prominence.
SEC Actions and Ripple Case Developments
The SEC’s recent actions have fueled speculation that the agency may withdraw its appeal against Ripple. These actions include:
- Dismissing enforcement cases against major crypto firms like Coinbase and Kraken.
- Closing investigations into OpenSea, Robinhood, and Uniswap.
- Requesting additional time in the Binance and Lejilex cases.
Fox Business journalist Eleanor Terrett reported that the SEC and Ripple were negotiating a final judgment, further boosting market optimism.
A potential $125 million settlement would eliminate the SEC’s appeal against Ripple’s programmatic sales ruling. However, Ripple’s absence from the Crypto Task Force’s meeting list raises doubts about the immediacy of a settlement agreement.
XRP Price Trends: ETF Approvals and Regulatory Decisions
XRP’s price trajectory remains tied to regulatory developments, with two key factors influencing its future:
1. Bullish Scenario: If the SEC withdraws its appeal, XRP could surpass its all-time high of $3.55, with further ETF approvals potentially pushing it toward $5.
2. Bearish Scenario: If the SEC proceeds with its appeal and rejects XRP-spot ETFs, XRP’s price could drop below $1.50.
Technical Analysis: Price Resistance and Support Levels
Despite its five-day rally, XRP remains below the 50-day Exponential Moving Average (EMA), indicating potential resistance. However, it holds above the 200-day EMA, signaling strong long-term support.
1. Resistance Levels: Breaking above the 50-day EMA could push XRP toward $3.0153, with a potential rise to $3.3999 and ultimately $3.5505 if favorable news emerges.
2. Support Levels: A drop below $1.9299 and the 200-day EMA could bring XRP down to $1.7024.
With a 14-day Relative Strength Index (RSI) reading of 49.68, XRP remains in neutral territory, suggesting further movement could be dictated by market sentiment and regulatory developments.
XRP On-Chain Activity and Market Revival
XRP’s network activity has seen a significant boost, with transaction counts surpassing two million, indicating renewed investor interest. Historically, surges in transaction volumes have led to price recoveries, suggesting that XRP could be on the path to sustained growth.
Legendary Trader John Bollinger Weighs in on XRP’s Future
Renowned trader John Bollinger recently suggested that XRP could become a new market leader, citing its resilience during recent market downturns. While Bitcoin experienced a 4% drop, XRP managed to gain 0.58%, reinforcing its strength amid broader market volatility.
Further excitement surrounds Franklin Templeton’s potential XRP ETF filing, joining industry giants like Bitwise, 21Shares, and WisdomTree in the race to launch similar products in the U.S.
Conclusion
As speculation around BlackRock’s XRP ETF continues to grow, investors remain optimistic about XRP’s potential for long-term gains. Regulatory clarity and institutional adoption could propel XRP beyond its previous all-time highs, while uncertainty in the SEC case remains a lingering factor.
The coming weeks will be crucial for XRP’s trajectory, with market participants closely monitoring BlackRock’s ETF filing, SEC actions, and broader macroeconomic factors that could shape the cryptocurrency landscape.
If institutional demand continues to rise and regulatory hurdles are resolved, XRP may soon establish itself as a dominant force in the digital asset space.
by | Mar 17, 2025 | Business
A digital comic series co-designed by RMIT students, educators and violence prevention experts will challenge online disinformation and harmful narratives that particularly target young men.
The Adventures of Soy Boy and Friends follows a team of fictional characters as they navigate the challenges of university life, one algorithm and creditable source at a time.
The designs were created by RMIT graduate Millie Ovenden, from a series of engagements with male students and experts.
The first edition of the comic, coinciding with Respect at Uni Week, explores real students’ lived experience of the pressures that some young men feel when fake news becomes truth amongst their peers and in their classrooms.
Find out more about the project here.
Quote attributable to RMIT Prevention and Respect manager Shelley Hewson-Munro
“This project highlights how students, educators and researchers are still working together to challenge how we care for one another, and how campuses can be safe and respectful places where we all can thrive.”
by | Mar 17, 2025 | Business
Ace Digital Brings Expert Insights on Navigating Career & Life Transitions
In a fast-paced world where career pressures, personal aspirations, and societal expectations converge, many Singaporean professionals find themselves at a crossroads in midlife. Questions about career fulfillment, personal growth, and future direction become more pressing, often leading to self-doubt and uncertainty. But what if these challenges could be transformed into opportunities for growth?
At Ace Digital, we believe in bringing to light the most pressing issues that Singaporeans care about, by interviewing experts in various fields. This time, our team spoke with renowned resilience coach Grace Wong, author of Midlife Clarity Breakthrough: Stop Doubting, Start Living, to uncover how resilience coaching is helping professionals in their 30s to 50s navigate this crucial phase with confidence and clarity.
The Midlife Shift: Crisis or Breakthrough?
For many professionals, midlife isn’t about crisis—it’s about transition. Grace Wong emphasizes that this stage is a natural point of reflection and realignment. “Many people wake up one day wondering if they are truly fulfilled in their careers and personal lives,” she shares. “It’s not about starting over—it’s about unlocking the potential that’s already within you.”
Instead of settling for stagnation, resilience coaching helps individuals identify their core values, clarify their goals, and take decisive action toward a more authentic life. Wong calls this the Midlife Clarity Breakthrough, a mindset shift that turns self-doubt into confidence and inaction into purpose-driven steps.
Why Resilience Coaching Works
A common misconception is that coaching is only for those in crisis. In reality, it is a proactive tool for personal and professional growth. Wong highlights that resilience coaching is about strategic self-discovery and empowerment, providing individuals with:
Clarity – Understanding personal values and aligning life choices accordingly.
Confidence – Overcoming fears and self-imposed limitations.
Actionable Strategies – Practical steps to create meaningful change.
“Coaching isn’t about fixing what’s broken,” Grace explains. “It’s about enhancing what’s already strong and unlocking new possibilities for success.”
Steps to Achieve Midlife Clarity
Grace shares practical strategies that professionals can implement to gain clarity and direction:
✅ Reflect on Core Values – Take time to identify what truly matters. Journaling or meditation can help surface deep-seated beliefs and desires.
✅ Define Success on Your Own Terms – Instead of chasing conventional milestones, focus on what personally fulfills you.
✅ Take Small, Purposeful Steps – Even minor changes—such as exploring a new career path or picking up a long-forgotten passion—can create a ripple effect.
✅ Surround Yourself with a Support System – Engage with mentors, coaches, and peers who align with your vision and aspirations.
✅ Celebrate Progress – Recognize and appreciate small wins. Every step forward builds momentum.
The Power of Reinvention
Grace Wong firmly believes that midlife is not an ending but a new beginning. Many successful professionals have reinvented themselves in their 40s and 50s, finding greater fulfillment and purpose than ever before.
Her book, Midlife Clarity Breakthrough: Stop Doubting, Start Living, provides actionable insights and strategies for anyone seeking to redefine their midlife years with confidence and clarity.
For more information on resilience coaching and how to unlock your own breakthrough, Grace Wong can be reached at ggbreakthrough.com.
Ace Digital: Bringing the Conversations That Matter
At Ace Digital, we are dedicated to delivering expert insights on the topics Singaporeans care about most. Our mission is to highlight key issues, spark meaningful discussions, and provide actionable solutions.
If there’s a topic you want us to explore or an expert you’d like us to feature, reach out to us! Your voice shapes the stories we tell.
by | Mar 17, 2025 | Business
Indonesia, with its dynamic economy and diverse culture, presents numerous opportunities for professionals and entrepreneurs. However, navigating the visa landscape can be challenging. If you’re planning to work in Indonesia, it’s crucial to understand the differences between the KITAS for Working Purpose and the Business Visa (BEVISA). This article will provide a comprehensive comparison of these two permits, discussing their purposes, application processes, and benefits. Whether you’re looking to engage in employment or conduct business activities, this guide will help you make an informed decision about the right permit for your needs.
What is a KITAS Visa?
A KITAS (Kartu Izin Tinggal Terbatas) is a limited stay permit that allows foreigners to live and work in Indonesia. It’s essential for anyone who plans to stay in Indonesia for an extended period and engage in employment. KITAS is available for the period of stay either 1 year or 2 years
What is a Business Visa (BEVISA)?
A Business Visa, or BEVISA, is designed for business-related activities such as meetings, conferences, or negotiations. It does not permit employment or any form of work in Indonesia. Business visa is available for single entry or multiple entry.
Key Differences Between KITAS and Business Visa
KITASBusiness VisaPurpose and UsageAllows employment in Indonesia.Does not allow employment; only for business-related activities.Application ProcessMore complex with more documents required.Less complicated with fewer documents required.Processing TimeTakes at least 2 months with a work permit.Takes 5-7 working days.Application SubmissionSubmitted to the Ministry of Manpower (MOM) prior to Immigration.Submitted to Indonesian Immigration only.
Understanding the KITAS Visa
Eligibility and Requirements
To obtain a KITAS Visa, applicants must meet specific eligibility criteria, which usually include a job offer from an Indonesian company. The requirements typically involve providing extensive documentation, such as:
Valid passportJob offer letterCompany documentsHealth certificatesProof of insurance
Application Process
Job Offer: Secure a job offer from an Indonesian employer.MOM Approval: The employer applies for a work permit from the Ministry of Manpower.Visa Application: Once the work permit is approved, apply for the KITAS at Indonesian Immigration.Issuance of KITAS: After approval, the KITAS is issued, allowing the applicant to work and reside in Indonesia.
Duration and Renewal
KITAS is typically valid for one year and can be renewed annually. The renewal process involves similar steps and documentation as the initial application.
Understanding the Business Visa (BEVISA)
Eligibility and Requirements
The Business Visa is suitable for those intending to engage in business activities without employment. Requirements for the BEVISA include:
Valid passportSponsor letter from an Indonesian companyTravel itineraryFinancial proof to cover stay
Application Process
Preparation of Documents: Gather the necessary documents such as sponsor letter, passport, travel itinerary, financial proof to cover the stay.Submission to Immigration: Submit the application to Indonesian Immigration.Approval and Issuance: Once approved, the visa is issued, typically within 5-7 working days.
Duration and Limitations
A Business Visa is with a single entry valid for up to 60 days and can be extended. Meanwhile for multiple entry visas, it is valid for 1 year with a maximum stay per visit is 60 days. You must note that with a business visa, it strictly prohibits any form of employment or earning income in Indonesia.
Benefits of a KITAS
Employment Opportunities:The primary benefit of a KITAS Visa is the legal ability to work in Indonesia. It provides foreign nationals the right to take up employment, which is essential for professionals moving to Indonesia for job opportunities.Residency Status: KITAS holders can reside in Indonesia for the duration of their employment, offering stability and the ability to bring family members under a dependent KITAS.Access to Services:Holders of KITAS Visa have access to various services and benefits, including opening bank accounts, obtaining a driver’s license, and more.
Benefits of a Business Visa
Ease of Application:One of the most significant advantages of the Business Visa is its straightforward application process. It requires fewer documents and is quicker to obtain compared to the KITAS.Short-Term Business Needs:The Business Visa is ideal for short-term business activities such as attending meetings, conferences, or exploring business opportunities. It’s perfect for professionals who need to visit Indonesia frequently for business purposes.Flexibility:The Business Visa offers flexibility for business travelers who do not intend to stay in Indonesia long-term or engage in employment.
Challenges of a KITAS Visa
Complexity: Obtaining a KITAS can be a lengthy and complex process, involving multiple steps and interactions with different governmental bodies.Cost: The process of obtaining and renewing a KITAS can be costly, involving fees for work permits, visa processing, and legal assistance.
Challenges of a Business Visa
Employment Restrictions: A significant limitation of the Business Visa is the restriction on employment. It cannot be used to engage in any form of work or earn income in Indonesia. Limited Stay: The Business Visa is designed for short-term stays, which might not be suitable for those looking for long-term residency or repeated, prolonged visits.
Conclusion
Choosing between a KITAS and a Business Visa depends on your purpose and plans in Indonesia. If you aim to work and live in Indonesia, the KITAS is the appropriate choice despite its complexity. However, if your needs are short-term and business-related without employment, the Business Visa is simpler and quicker to obtain.
If you need assistance with your visa application or have any questions about the process, our experienced team is here to help. Visit our website and contact us for expert guidance and support in navigating Indonesia’s visa requirements.
by | Mar 16, 2025 | Business
March 16, 2025 – VRITIMES, a leading press release distribution platform, is pleased to announce its partnership with Metro Guide and Metro Clark Guide, two premier online platforms dedicated to providing business, lifestyle, and tourism news in the Philippines. This collaboration aims to give businesses, entrepreneurs, and tourism-related industries a powerful avenue to amplify their stories and connect with a wider audience.
By integrating VRITIMES’ cutting-edge distribution technology with Metro Guide and Metro Clark Guide, press releases covering business developments, local events, and travel highlights will now reach a more engaged readership. Whether it’s a new restaurant opening, a tourism initiative, or a business expansion, this partnership ensures that important updates are effectively communicated to both locals and visitors.
“Partnering with Metro Guide and Metro Clark Guide is an exciting step forward in our mission to help businesses share their stories with the right audiences,” said Ferry Bayu, CEO of VRITIMES. “Both platforms have established themselves as go-to sources for regional insights, and together, we are making it easier for businesses and organizations to gain visibility where it matters most.”
As trusted sources of information for locals and travelers, Metro Guide and Metro Clark Guide provide valuable content on business growth, lifestyle trends, and tourism hotspots. With the support of VRITIMES, both platforms can now offer businesses a seamless way to distribute their press releases and gain meaningful exposure.
This collaboration highlights a shared commitment to supporting economic growth and tourism by ensuring that relevant news reaches the right audience at the right time. Through this partnership, businesses, event organizers, and tourism stakeholders can leverage a more effective way to engage with their target markets.
by | Mar 15, 2025 | Business
Embarking on the journey of establishing a business in Indonesia necessitates a firm grasp of the company registration process. Aspiring entrepreneurs and seasoned investors alike are met with a maze of legal intricacies and procedural hurdles. From selecting the appropriate legal structure to navigating regulatory requirements, every step demands careful consideration. Amidst this complexity, understanding the nuances of company registration is crucial for laying a solid foundation for future growth and success. In this article, we delve deep into the Indonesian company registration process, shedding light on key procedures and insights to empower businesses in their pursuit of market entry and expansion.
In terms of business development, the Indonesian market offers competitive value and opportunity. Indonesia is among the most promising countries for business due to its enormous labor force, strategic position, and plenty of natural resources. Additionally, the government has implemented various reforms to attract foreign investors and simplify the process of starting businesses in the country.
However, there are a lot of intricate factors to take into account for foreigners wishing to conduct business in Indonesia. As an illustration:
Determine whether your company is a representative office or has direct foreign investors, specifying the type of legal body it represents.Identify the industry in which your company’s legal entity will operate.Assess whether foreign investment is permitted in this sector, and if so, determine the ownership percentage permitted.
Continue reading below to learn more about the Indonesian International Company Registration Process.
You ought to be aware of and comprehend the minimal capital requirements, regulatory framework, organizational structure, mandatory activity reports, tax laws, labor force usage in Indonesia, and so on. Here’s how to establish a foreign business in Indonesia:
In fact, this kind of firm is better suited for establishment in its early stages. Among its benefits are:
Reasonably quick and simple to operate.Neither a large investment nor a capital deposit are necessary.simple structure to create. Only appoint a Chief Representative Office to run the representative office in Indonesia
Nevertheless, this method may not be flexible enough for some kinds of businesses. The reason is that your company will have a legal umbrella in Indonesia, but it is not allowed to take profits from sales or engage in business transactions. So, the representative office was better set up for market research and marketing purposes before establishing a full legal body.
2. Foreign business organization PT. PMA
The Act governs the process of forming a foreign firm in Indonesia through Foreign Investment (PMA). The PMA is essentially a limited corporation (PT).
Meanwhile, funds or investments from foreign entities are referred to as foreign direct investment, or FDI. FDI is governed in Indonesia by:
Investment Law No. 25/2007.Law No. 40/2007 Concerning Limited Liability Company (as partially amended by Government Regulation In Lieu of Law No 2/2022).Perpres No. 10/2021 as amended by Perpres No. 49/2021 concerning Investment Business Fields. Positive Investment List Disclosure.
Any company with shares owned by foreigners is required to register as a PMA. In the meantime, positive investment lists all company sectors that are available to full-owned ownership as well as those that are restricted to specific restrictions for foreign investment.
Depending on your business activities, a further business license from the government may be a requirement for each PT PMA that registers in Indonesia. You still need to take care of several licenses with the local government after that.
You should think about hiring a local consultant to help you with the licensing and legal matters. They would be of great assistance.
The method by which PT. PMA is created
There are a few steps you must take when setting up a PMA, such as:
Get approval from Kemenkumham, the Ministry of Human Rights and Law, for the name of your business.Deed of Establishment by Public NotaryAcquire the company’s formation certificateAcquiring a mandatory tax identification.Acquire the corporate registration numberBusiness license (as necessary depending on the business activities)
Terms of PT. PMA’s establishment
Establishing a PT PMA in Indonesia can be a remarkable and enduring process. On the other hand, the procedure might be simpler and quicker if all the conditions were satisfied. What prerequisites must be met in order for PT PMA to be established in Indonesia?
1. Minimum Capital Requirement for Foreign-Owned Company
In Indonesia, the minimum capital requirement for a foreign-owned company is IDR 10 billion or equivalent to approximately USD680,000. For the purpose of establishing a PT PMA, a statement letter/commitment letter is required to be signed by the shareholders as the bank account of the PT PMA is not yet be able to set up.
2. Shareholder Requirements
In compliance with the law, the company must issue shares if the PMA operates in the form of a PT enterprise. This necessitates a minimum of two shareholders, each of whom can also act as a director and commissioner.
3. Location Consideration
Foreign investor owners have the freedom to establish their businesses in any part of Indonesia. However, it is important to note that the government emphasizes the establishment and launch of industries within designated commercial business area (not housing complex or apartment).
Summary
In conclusion, establishing a business in Indonesia entails a comprehensive understanding of the company registration process. From selecting the appropriate legal structure to navigating regulatory requirements, entrepreneurs encounter various challenges. Two primary methods for foreign companies include setting up a representative office or forming a Foreign Business Entity (PT. PMA). While the former offers simplicity and ease of operation, it restricts profit-making activities. Conversely, PT. PMA requires adherence to specific laws and regulations, including minimum capital requirements, shareholder criteria, and location considerations. Throughout the process, collaboration with local consultants can streamline licensing and legal matters. Ultimately, achieving success in Indonesia’s dynamic market requires meticulous planning, compliance with regulations, and strategic decision-making.
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by | Mar 15, 2025 | Business
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