If you have decided to start a new business in Indonesia, you have made an excellent decision, and this is a country that is thriving economically.
Unlike your country of origin, the rules here are different, and this is why it is important to do all that you can to protect your new business enterprise as you move forward.
If you have not thought about this up until this point, then getting the business registered makes perfect business sense, and nobody expects you to know and understand the ins and outs of doing such a thing.
This is why, when it comes to company registration that you turn to third-party providers that have been doing this type of thing for businesses for many years now and have many happy customers to speak highly about them.
Not only will they register your business enterprise, but they can also provide you with other services so that you can hit the ground running. It is essential that you get through the government bureaucracy so that you can get your tax ID and other business documents.
Reasons to Start a New Business in Indonesia
The following are some of the reasons why it makes perfect sense to get your business registered when setting up in Indonesia.
1. It Becomes a Legitimate Enterprise –
You can’t expect new customers to take your business seriously if you’re not taking the whole thing seriously from the very beginning.
They need to have confidence that your business will be here this time next year. So that if they buy a product from you and they have any issues with the warranty, they know that you will still be there to provide them with the customer service that they need.
2. To Protect the Business Name –
Imagine operating under a certain name for a number of years with great success, and then someone swoops in and takes the name right from under you.
This is entirely possible and is one of the reasons why you need to register your company as soon as possible.
Once you do so, your name is protected, and it belongs to you. This way, you won’t have to have new business invoices and other paperwork printed up because your name was stolen from you.
3. You Need it for Business Loans –
You cannot expect any bank or other lending institution in Indonesia to lend you the money that you need to expand if you are not a properly registered business.
Much like the banks in your own country, they want reassurances that you’re going to pay the money back, and by registering your successful enterprise, you’re letting them know that you are here for the long haul, and this is what they want to hear.
There is so much competition out there, and anything that can give your business credibility and help to build a level of trust is time and money very well spent. Get your business registered today for a much better and much stronger tomorrow.
Types of Businesses You Can Start in Indonesia
There are mainly three different types of businesses that you can start in Indonesia. These are based on the laws and regulations provided in Indonesia.
Some of these types include:
- Foreign-owned: You can open a business in Indonesia as a foreigner by making your business completely owned by foreigners and not by locals.
This means that your business cannot be owned or managed by local owners. All the functions need to be managed and taken care of by you from your foreign land.
- Locally Owned: You can start a locally owned business by moving to Indonesia and taking its citizenship.
Moreover, this locally owned business can only be handled and managed by people residing in Indonesia. So, it is imperative for you to move to Indonesia and run your business.
- Branch Representation of Business: However, there is another way you can start your business in Indonesia. By taking the help of the Branch Representative Officer, you can open a branch of your business in Indonesia.
Moreover, your branch officer will look after all the management and functions of your business in Indonesia. So, you can appoint a reliable citizen of Indonesia to look after your business.
Things You Need to Start Your New Business in Indonesia?
You cannot start a business randomly in Indonesia. To ensure that your business runs well and you get to make a profit, you need to follow these important things:
- You need to have a capital of at least $60,000 to invest in your business ventures. This is a minimum requirement to start your business in Indonesia.
- If you are opening a Small or medium-sized business, then you need to ensure that your business makes at least 50% ROI from the investment.
- Also, your Branch Representative officer can help you in conducting market research and identifying investment opportunities.
- They can also help you with importing goods and exporting monetary funds from your business in Indonesia.
- You need to get the proper license from the government before starting any new business in Indonesia. So, include your proofs and important documents to collect your license.
- Without a license and approval of a business registration number, you won’t be allowed to run your organization in Indonesia.
Now that you know what you need to have, you can start your journey with a new business in Indonesia. You can choose the type and then get your license to launch your brand-new business.
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