Government Studies Family Office Scheme to Attract Global Funds

The Indonesian government is currently studying the application of a Family Office scheme to attract global fund flows into the country. One of the models under review is from Abu Dhabi, which has been deemed successful in managing investments from wealthy families. Minister of Investment and Downstreaming, as well as Head of BKPM, Rosan Roeslani, stated that discussions on establishing a Family Office in Indonesia are being conducted jointly with the National Economic Council (DEN). Both parties are delving into various regulatory aspects and operational mechanisms to ensure the scheme runs effectively. According to Rosan, the team from the Ministry of Investment and DEN is currently conducting an intensive study on the required regulations and the most suitable system to implement in Indonesia. “We are also discussing with DEN, studying the development of this Family Office, what rules are needed, and most importantly, how it can truly function if implemented,” said Rosan in Jakarta on Monday (13/4). He explained that the government views the Family Office system applied in Abu Dhabi as one of the quite successful examples in attracting and managing global investment funds. “It seems to use more of the Abu Dhabi Family Office system, because that is one of the most successful. We are proceeding with that,” he said. In addition to studying the system, the government has also communicated with parties in Abu Dhabi to delve into several technical factors that can be refined if the concept is applied in Indonesia, one of which concerns the legal system to be applied, namely common law. Rosan added that the government is also calculating the potential funds that could enter Indonesia if the Family Office scheme is successfully implemented.