On 29 February 2016, the Indonesian government has decided to transform the status of Batam from a Free Trade Zone (FTZ) into a Special Economic Zone (SEZ) by issuing Presidential Decree No. 8 of 2016. The Batam Special Economic Zone will get many benefits compared to its previous status as a FTZ region. These benefits include tax holidays and deductions, accelerated amortization, and others. There will be a transition period for about six months.
Promotion and facilitation (Special economic zones)
Not industry specific
National Council for Special Economic Zone, Batam, From the Free Trade Zone and Free Port of Being a Special Economic Zone, http://kek.ekon.go.id/en/batam-from-the-free-trade-zone-and-free-port-of-being-a-special-economic-zone/, 17 Mar 2016
The Insider Stories, Batam to be transformed into a Special Economic Zone for speedy development, http://www.theinsiderstories.com/7066-2/, 15 Mar 2016