Indonesia’s Chief Investment Minister Luhut Binsar Pandjaitan is finalising plans to establish family offices in the country before President Joko Widodo’s term concludes in October 2024. During a meeting in Jakarta, Luhut emphasised that the setup process, currently in technical preparation, involves comparative studies with established models in Abu Dhabi and Dubai. He also discussed legal frameworks with President Widodo and President-elect Prabowo Subianto, suggesting the adoption of arbitration courts with foreign judges to assure legal certainty for investors. This initiative, aimed at attracting global wealth, could significantly boost Indonesia’s economy by integrating large family funds into the financial system, increasing foreign exchange reserves, and creating tax revenues and employment opportunities.