Post-PFII Law Enactment, Here Are Top In-Demand Jobs to Watch

The enactment of the Law on the Indonesia International Financial Center (PFII) on July 21, 2026, marks a major step by the government toward strengthening Indonesia’s position in the global financial services industry. The establishment of the PFII not only creates a zone offering various special facilities for financial industry players but is also part of a long-term strategy to expand sources of development financing, attract high-quality investment, and enhance the competitiveness of the national economy.

Unlike special economic zones, which generally focus on the manufacturing or tourism sectors, the PFII is designed to be a hub for international financial services, encompassing banking, capital markets, investment managers, insurance companies, fintech, and various other modern financial services. Through this ecosystem, the government hopes that Indonesia will no longer be merely an investment destination, but will also become a center for capital management, financial innovation, and cross-border business activities.

To achieve this goal, the government has put in place a range of competitive incentives, ranging from tax breaks, streamlined permitting processes, foreign currency usage, immigration simplifications, and dispute resolution through arbitration bodies and specialized courts. This policy naturally raises the question: why is the government willing to offer such substantial incentives?

The answer lies in the goals to be achieved. The government views the PFII not as a tool for generating short-term tax revenue, but as a strategic investment capable of creating new economic activity. With the entry of more global financial institutions, investment firms, and international businesses, the government hopes that Indonesia’s economic base will broaden, ultimately increasing government revenue in the future.

On various occasions, Indonesian Finance Minister Purbaya Yudhi Sadewa has stated that the PFII is expected to become a new source of tax revenue, while also fostering higher-quality investment and job creation.

From Tax Incentives to a New Tax Base

At first glance, offering tax incentives to investors may seem like it reduces potential government revenue. However, from an economic perspective, this strategy actually aims to expand the tax base.

Instead of relying on revenue from companies already in operation, the government is seeking to attract new businesses that have not previously operated in Indonesia. When these companies begin operations, open regional offices, manage investment funds, or establish Indonesia as the hub of their business activities, the resulting economic activity will generate new sources of revenue through various types of taxes—ranging from employee income tax and business activity taxes to taxes arising from increased consumer spending.

In other words, the government’s focus is not merely on providing incentives, but on expanding the number of businesses and the volume of economic activity so that government revenue can grow more sustainably. A similar strategy has also been adopted by a number of international financial centers around the world that developed earlier through a combination of incentives, legal certainty, and ease of doing business.

New Investments Are Becoming a Growth Engine

This expansion of the tax base depends heavily on PFII’s ability to attract new investment. The government aims to make this region a gateway for global capital that is not only focused on financial transactions but also supports financing for the real sector, national strategic projects, the green economy, financial technology, and innovation in the financial services sector.

As more international financial institutions choose to operate in Indonesia, the potential for capital inflows that can be harnessed to deepen the domestic financial market also grows. This is expected to expand financing options for the business sector, increase capital market liquidity, and strengthen Indonesia’s position as one of the financial hubs in the Asian region.

Incoming investment is also projected to create a multiplier effect across various economic sectors—not only the financial services sector, but also real estate, construction, telecommunications, information technology, transportation, and various professional services that support the operations of the PFII zone.

New Job Opportunities Created by PFII

One of the most anticipated economic benefits of establishing the PFII is an increase in employment opportunities. The entry of international financial companies and institutions will create a demand for workers with an increasingly diverse range of skills, both in the financial sector and in supporting sectors. Some professions that are likely to see increased demand include:

1. Careers in the financial services sector, such as investment banker, equity research analyst, trader, portfolio manager, wealth manager, corporate finance, compliance officer, risk management specialist, anti-money laundering (AML) specialist, and financial advisor.

   
   

2. Supporting professional occupations, such as accountants, auditors, tax consultants, legal counsel, corporate lawyers, data analysts, data scientists, software engineers, cybersecurity specialists, and various professions in the field of financial technology (fintech) that support the digital transformation of the financial industry.

   
   

3. Indirect job opportunities created as a result of the area’s development include those in the construction, real estate, telecommunications, hospitality, transportation, logistics, and business services sectors, as well as in the organization of conferences and international events.

In addition to creating new jobs, the government also aims to facilitate knowledge transfer and technology transfer through the presence of global financial institutions. Interaction between the domestic workforce and international industry players is expected to improve the quality of Indonesia’s human resources, accelerate the adoption of best practices, and strengthen the long-term competitiveness of the national financial services industry.

The Impact on Investors

For capital market investors, the success of PFII is measured not only by the number of foreign companies entering the market, but also by the extent of economic activity it generates. If this strategy proceeds as expected, increased investment, more jobs, and a broader tax base could lay the foundation for stronger economic growth.

These conditions ultimately have the potential to have a positive impact on various sectors on the Indonesia Stock Exchange, particularly banking, securities firms, investment managers, technology, telecommunications, construction, and issuers operating in the professional services sector. Conversely, if the incoming investments are merely administrative in nature and do not generate real economic activity, the expected benefits for economic growth and government revenue will certainly be more limited.

Ultimately, the success of the PFII depends not only on the size of the incentives offered, but also on its ability to attract productive investments that create added value for the Indonesian economy. If this goal is achieved, the PFII has the potential to become more than just an international financial center; it could serve as a catalyst for broadening the tax base, creating quality jobs, and strengthening Indonesia’s competitiveness in the face of global economic competition.

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Disclaimer: This content is created for educational purposes or service promotion, and does not constitute a recommendation to buy or sell any specific Securities. Any risks arising from investment decisions made based on the information in this publication are the sole responsibility of the respective audience. PT KAF Sekuritas Indonesia is licensed and supervised by the Financial Services Authority (Otoritas Jasa Keuangan / OJK).