Mysterious case of “Herr Hamburg” or “El Amigo”.

My mum bought this piece back in the early 90s from overseas using US dollars. The piece is in Indonesia now and we don’t know where it was acquired from and how much as my mum has passed away recently. Currently, the investigation about the character of the figurine is still ongoing as I don’t know where the character is from and where the piece is produced. I call it, “Herr Hamburg” or “El amigo” for the fun of it and because the piece could be depicting a German Lansknechte or a Spanish conquistador