Government Adopts Abu Dhabi System for Family Office in Bali
President Prabowo Subianto is refining plans to establish a financial centre for managing family wealth assets or family offices in Bali, adopting the successful model from Abu Dhabi in April 2026. This strategic step is aimed at capturing opportunities for foreign capital inflows amid rising global geopolitical tensions.
Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, stated that the government is currently detailing operational regulations together with the National Economic Council (DEN). The selection of the Abu Dhabi model is based on that region’s success in managing trillions of family wealth globally.
“This is being detailed by us; our team is quite intensive between DEN and the Ministry of Investment. We seem to be using the family office system in Abu Dhabi because it is one of the most successful,” said Rosan Roeslani, Minister of Investment and Downstreaming/Head of BKPM, after a meeting at the Senayan Parliamentary Complex on Monday (13/4/2026).
Cited from Ekonomi, President Prabowo Subianto confirmed that he has long heard the proposal related to this special financial centre in Bali from Luhut Binsar Pandjaitan. In a government working meeting on Wednesday (8/4/2026), the President assessed Indonesia’s security stability as the main attraction for Middle Eastern investors.
The government plans to adopt and modify the common law system to suit the local Indonesian context. These adjustments include regulations for business entities, taxation, financial services, and immigration policies to attract international wealth managers.
The initial legal foundation is already available in Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK). That regulation facilitates the establishment of Special Purpose Vehicles (SPVs) and Trustees, which must obtain operational permits from the Financial Services Authority (OJK).
Acting Director General of Financial Sector Stability and Development at the Ministry of Finance, Herman Saheruddin, confirmed on Tuesday (14/4/2026) that the preparation of the Draft Government Regulation (RPP) as a derivative regulation is still ongoing. This process involves Bank Indonesia, OJK, and related stakeholders to deepen the domestic financial market.
Based on industry data, the potential for this asset management market is very large, with global assets under management (AUM) reaching trillions of US dollars. In the Middle East region alone, around 50 percent of family offices are centred in the United Arab Emirates, with significant asset concentrations in Dubai.