Oxley Convention City
Batam, Indonesia
Diagrammatic Chart, Floor Plan, and Site Plan
Diagrammatic Chart
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Floor Plan
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Site Plan
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Why Oxley Convention City
A Local Force
With a strategic location in the Straits of Malacca, in one of the busiest international shipping lanes, Batam enjoys a flourishing economic and business climate due to its attractive investment environment and close ties with Singapore.
After becoming a free trade zone as pat of the Batam Indonesia Free Zone Authority (BIFZA), Batam metamorphosed into the richest and fastest growing region in Indonesia.
With strong government support and competitive investment incentives, Batam is rich with untapped potential and lucrative opportunities for local, regional and Singapore investors.
Why Batam?
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Batam, being a short distance from Singapore, has been benefiting from a special trade arrangement by the 2 countries. Foreign direct investment continue to grow on the island and contributed to the local economy to a great extend. Below are some multi national companies that have been operating in Batam for many years.
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MAKE YOUR MARK IN THE CITY
Located right at the heart of Batam’s thriving financial district, Oxley Convention City is the flagship masterplanned development by reputable Singapore-listed developer Oxley Holdings Limited and PT Karya Indo Batam (KIB) set to change the way the world thinks, meets and works.
An easy commute to nearby cities like Kuala Lumpur, Jakarta and Singapore via flight and ferry Located along Jalan Sei Panas and Jalan Raja H. Fisabilillah in Batam’s financial district Batam’s first office tower with an integrated convention centre Integrated development with a thriving ecosystem including an exclusive hotel, an exciting retail and F&B avenue, a vibrant collection of shop units and three 32-storey towers of luxurious residences.
PUBLISHED AUG 14, 2016, 5:00 AM SGT
Jakarta plans tax haven on two islands near Singapore
Bintan, Rempang earmarked to draw funds that may otherwise be kept outside Indonesia, says senior minister
JAKARTA • Indonesia has earmarked two islands near Singapore as its own tax havens to prevent taxpayers from keeping their assets offshore - in Singapore, for example - a senior Cabinet minister has said.
The two islands being looked at are Bintan and Rempang, Coordinating Maritime Minister Luhut Panjaitan said on Friday, as reported by jakartaglobe.com news site.
Both islands are located next to Batam and are about an hour's ferry ride away from Singapore.
"This is actually a good idea for Indonesia, particularly with the tax amnesty programme already under way," Mr Luhut said.
Rempang is linked to Batam by a road bridge. Bintan, like Batam, is popular with Singapore holidaymakers.
If the plan comes to fruition, Indonesian and foreign businesses can set up shell companies there to keep their offshore investments, with low taxes to lure them, Mr Luhut said.
Having Indonesia tax havens will be useful for the country's ongoing tax amnesty scheme, with billions of dollars expected by officials to be repatriated home. But there is some concern that these funds may leave the country again when the obligatory three years of keeping the monies onshore expired, he was quoted as saying.
Indonesia introduced the tax amnesty last month, hoping to see the repatriation of some 1,000 trillion rupiah (S$103.5 billion).
Under the scheme, individuals will enjoy preferential tax rates, ranging from 2 per cent to 10 per cent, depending on how soon one declares previously untaxed assets and whether the funds are repatriated from overseas.
These rates are well below current personal income tax rates in Indonesia, which range from 5 per cent to as high as 30 per cent.
President Joko Widodo aims to use the monies repatriated to pay for an ambitious infrastructure agenda and boost economic growth.
Malaysia has a tax haven on Labuan island, off Sabah, offering corporate tax rates as low as 3 per cent and attracting both foreign and local businessmen to set up shell companies, jakartaglobe.com said.
Labuan was set up as an international offshore financial and banking centre 26 years ago.
The Indonesia government does not have a deadline to set up the proposed tax havens, Mr Luhut said.
The government will need to revise the existing tax code, prepare the necessary infrastructure and eliminate red tape to ease business activities in the area, the news site quoted him as saying.
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Oxley Convention City Perspective
With the rapid growth of local economy Batam is on the right track of positioning itself on the investment map. Oxley Convention City, the first of its kind on the island, will undoubtedly be one of the important icons of Batam. With the strategic location within short drive to the busiest international port on the island, and the important local authority offices area which houses among others Otorita Batam office, Bank Indonesia, PT Telkom, etc, Oxley Convention City is one investor should put in the portfolio.
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