Mazars Opens an Office in Bali, Indonesia

Bali, 4 June 2010

Mazars, one of the largest international audit and consulting firms, today opens an office in Bali. It is a strategic decision to serve the increasing business potential shown by Bali and other regions in the eastern part of Indonesia, particularly to serve the Small Medium Enterprises (SMEs) and sustainability service offerings in response to climate change issues.

James Kallman, President Director of Mazars in Indonesia said: “Mazars has become the first international accounting and consulting organization to take the bold move to set its foot in Bali after seeing tremendous opportunities and room to grow for many SMEs. It shows Mazars’ commitment, not only to serve the large listed companies, but also to serve the SME segment as part of our global business strategy “.

Mazars in Bali will focus its business on supporting clients in growing their businesses, finding investors, increasing shareholder value, as well securing loans from banks and financial institutions. The services provided by Mazars in Bali include audit, internal control, legal, tax and a range of advisory services to support SMEs and entrepreneurial businesses at every stage of development. Mazars also provides assistance to local and foreign investors on setting up new businesses in Bali, property transactions, and corporate secretarial services. In addition, the fact that Bali has established itself as a world center of climate change and sustainability transformation and thought leadership, has logically positioned Mazars in Bali to be the center of the firm’s sustainability audit and consulting service.

John Mellows, Mazars Senior Advisor for Asia Pacific said: “As an integrated international organization, Mazars has always been different from the other key players in our field. We have a long-standing reputation and expertise in serving various clients throughout the world and understand the environment for companies at the local level wherever we are. Mazars has the capacity to bring to our clients the resources and quality of an international organisation.”

Francois Monville, Managing Director of Mazars in Indonesia added, “The opening of the Mazars’ office comes less than a year after Mazars’ entry into Indonesia. Indonesia with a total population of 230 million, 14,000 islands, all sharing strong SME growth, is ideal for the development of further offices in the future.”

Mazars serves a large number of international SME businesses around the world, the sector accounting for 53% of Mazars’s activity. In Asia, revenue from SMEs grew by 72% in 2008.

In Indonesia, despite the economic turbulence that has hit the global economy, SMEs have continued to grow rapidly, becoming a driver and backbone of the local economy. In 2008, SMEs contributed Rp.183.76 trillion or 20.17% to the national foreign exchange income. The Indonesian Chamber of Commerce (KADIN) expects SMEs in the country to grow by 25% this year with the opportunity to serve more markets with the future of ACFT (ASEAN-China Free Trade).

For more information about our Bali Office, you can send a message to contact-bali@mazars.co.id

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