Cekindo Business International is now InCorp Indonesia. Learn more.
InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
Get assistance from experts with a decade of experience in assisting international business owners expanding into Indonesia.
Avoid any bureaucratic complexity when closing your company by engaging with our experienced legal advisors.
What type of legal entities should you choose to register a company in Indonesia? We can assist you in choosing which is the best one to grow your business.
To help businesses survive during this unfortunate time, InCorp provides corporate recovery in Indonesia and insolvency services.
Obtaining property & land ownership in Indonesia offers some challenges for foreigners. However, buying property in Indonesia is attainable with specific resources and documents.
Recent regulatory changes have a knock-on effect on Indonesia's Merger & Acquisition landscape. Check on how we can navigate you through your M&A in Indonesia.
InCorp provides Virtual Office services Indonesia in various locations: Jakarta, Bali, Semarang, Surabaya, and Batam.
Business process outsourcing in Indonesia is a viable option to streamline bureaucratic complexities that hurdle your business expansion objectives.
InCorp offers a complete range of accounting service Indonesia, from tax reporting to auditing.
With professional financial audit services from InCorp, you can ensure all accounting activities are accurately recorded and compliant with Indonesian regulations.
Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country.
Financial and Operational Resilience services from InCorp are developed to support businesses and help them survive during this difficult time.
Payroll services in Indonesia are a practical solution to avoid unnecessary complexities while you focus on growing your business.
Using a recruitment agency in Indonesia will help you hire the best candidates for your company, saving you time and money.
Tax consulting in Indonesia are the shortcuts to fulfill the administrative obligations with high accuracy and in a timely manner.
The Indonesian government promotes tax holidays as one of the fiscal incentives to attract major foreign direct investment in Indonesia.
Operating businesses in Indonesia, entrepreneurs must comply with the regulations accordingly, especially concerning taxes.
Immigration in Indonesia is one of the strictest and most complex processes due to its ever-changing regulations. InCorp provides a seamless experience in obtaining your stay and work permits.
Avoid any hassles by engaging with an experienced visa agent in Indonesia.
A dependent visa Indonesia is a document that allows foreigners to bring their family while settling down in the country.
Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
Overseas Visas are required for Indonesians who are planning to stay abroad for an extended period of time.
KITAP is a permanent stay visa for foreigners who have intentions to stay in Indonesia.
Foreign retirees often find their plans stuck due to the complex visa application process. InCorp helps expedite the process.
Obtaining a social visa is daunting if you are not familiar with the country’s complex bureaucratic processes. Consult with us for a seamless Indonesian visa application experience.
Foreigners married to an Indonesian citizen are eligible for a spouse-sponsored KITAS.
Learn how to obtain an Indonesian tourist visa seamlessly and securely, directly from a trusted visa and travel agent.
Get assistance from a trusted visa agent in Indonesia to make your traveling plan to Indonesia even more convenient.
Expedite your Indonesian work permit application process by engaging with a trusted visa agent.
All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
Learn more about the cosmetic product registration services in Indonesia.
Learn more about exporting goods to Indonesia.
Learn more about the food & beverage product registration services in Indonesia
Learn how to go through halal certification in Indonesia directly from experts successfully.
Learn more about the health supplement product registration services in Indonesia.
Learn more about the household product registration services in Indonesia.
Learn more about importing goods from Indonesia
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
Learn more about the medical device registration services in Indonesia.
Register a trademark is necessary to avoid legal issues in the future. InCorp can help you with Trademark Registration services in Indonesia.
Compliance is one of the most challenging parts of business overseas, especially in a country packed with complex bureaucratic processes such as Indonesia.
Updating business documents to align with your company’s growth can be a hassle.
Due Diligence services are needed to assess the credibility of the company or partner you wish to work with or acquire in Indonesia
From Company Regulations to Employment Agreement Drafting, Employment law services from InCorp will help you to compliance with employment policy in Indonesia.
InCorp’s legal consultation services in Indonesia are crafted to help your business settle and fully comply with the latest regulations.
Organizations must continuously evolve and transform to remain competitive and relevant in today’s global environment ...
Companies face many opportunities and challenges as a result of a changing market and regulatory landscape ...
Adopting Environmental, Social, and Corporate Governance (ESG) practices can improve your company’s value ...
Risk Management services from InCorp Indonesia can assist companies in building confidence when making future business decisions ...
Transfer Pricing in Indonesia occurs when a company performs an internal transaction within the same business group or its subsidiaries
InCorp's transfer pricing advisory services in Indonesia are marked by the objective to support our clients' business needs.
Our transfer pricing services provide you with a hassle-free experience while still complying with the legal aspects of transfer pricing in Indonesia.
As the market-entry consulting firm in Indonesia, InCorp provides a wide range of customized solutions to ease the business incorporation process.
Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia, here.
InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
InCorp can help foreigners to get the driving license in Indonesia, whether SIM A or SIM C. Check out the requirements and the procedure, here.
IMEI Registration in Indonesia is necessary to ensure telecommunication devices from abroad can function properly in Indonesia.
With offices in Jakarta, Bali, Semarang, SUrabaya, and Batam, InCorp is ready to assist you as a local partner and distributor in Indonesia.
InCorp can help you to select the trusted local partners to import and distribute your products in Indonesia.
Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
InCorp can help you gain information about your competitor's product through mystery shopping.
You may be one of them: returned from a holiday to the incredibly beautiful islands of Bali filled with the best people. And now you want to go there again, but this time is to start a business. It’s easy for everyone to see why not. Great opportunities are available to foreigners interested in doing business in Bali. It has a booming economy, abundant resources, and relatively inexpensive labor. What type of business license in Bali do you need?
With over four million people and commercial activities, setting up a company in Bali can be challenging from the beginning. Apart from adjusting to a different pace of work-life and cultures, the real challenge comes from getting the correct visas and licenses for your business.
In this article, we will guide you through the different licenses for a company set up in Bali. We will provide you information on business opportunities for foreigners you can consider — giving you realistic expectations in regards to this subject.
One of the key steps of setting up a company in Bali is deciding what type of business formation will best fit your needs.
PT PMA (Perseroan Terbatas Penanaman Modal Asing), is a foreign-owned Limited Liability Company. It can be partially or wholly owned by foreigners and is governed by Foreign Capital Investment Law in Indonesia. Do bear in mind that this is the only legal entity that a foreign national or company can start, and generate income in Bali, and in Indonesia.
It is also important to know that the BKPM (Capital Investment Coordinating Board) needs to approve a PT PMA registration before you can conduct businesses in the country. For a joint venture PT PMA, an Indonesian requires to own at least 5% of the company’s shares.
For a fully foreign-owned PT PMA, foreign owners need to sell at least 5% of the company’s shares to an Indonesian or a legal business in Indonesia within 15 years.
To get extensive information of the formation of PT PMA in Bali, see Everything You Need to Know about Company Registration in Bali.
PT (Perseroan Terbatas), is also called the Private Limited Liability Company. It is the most common type of business entity opted by locals doing business in Bali, or in Indonesia as a whole. We can categorize a PT company into three sizes: small, medium, and large. This formation allows sponsoring foreign employees when the business is at least a medium-sized PT.
If you think that a PT PMA does not fit your need due to the larger investments and startup costs, there are other alternatives you can explore:
In addition to that, make sure to check out the latest revision of the Positive Investment List, to find out if the sector you are interested in doing business in Bali is not restricted to locals only.
In general, the incorporation process of PT PMA in Bali takes approximately 6 to 10 weeks. The current minimum capital for foreign investment is IDR 10 billion. There are two very important licenses when we talk about the business formation of PT PMA in Bali. Temporary License (or Principal License) and Permanent Business License.
We also know it as an Izin Prinsip in Indonesian. It is the primary license you obtain during the incorporation process. It only permits you to start investing and perform business activities in Bali.
As for a permanent business license (Izin Usaha Tetap – IUT), it enables you to run your business fully and continuously. With the principal license as one of the prerequisite documents, you will finally get the IUT once the incorporation process is over and you have fulfilled all legal regulations.
On top of that, by securing a permanent business license in Bali, you are now ready to hire foreign experts, get supporting licenses such as import licenses. You can protect your PT PMA from future changes of foreign ownership regulations.
As mentioned above, with an IUT you are able to apply for other supporting licenses for your business in Bali to operate. But what are they?
Here’s the thing: for specific fields for a PT PMA in Indonesia, you will have to acquire licenses, after the IUT. They are import licenses, medical distribution licenses, trademarks, trading licenses, industrial licenses, construction licenses, and mining licenses, among others.
Due to the unique business environment in Bali that is quite distinctive from the rest of Indonesia — with bar, café restaurant, property, diving and surfing schools, hotels, and water sports considered the main sectors — other important licenses include environmental license, disturbance license, operational license, hygiene license, and alcohol license (SIUP MB, to sell alcohol).
Although there are some sectors in Bali that do not allow any commercial activities to foreign nationals or investments. But there are still a lot of opportunities you can venture into.
Many tourists escape their home country and go on a spiritual retreat in Bali. Many locals never get tired of Bali and find it relaxing. Therefore, Bali has long been a hotbed for entrepreneurial foreigners for particular businesses. Let’s see some of the commercial activities as such conducted by foreigners:
Of course, Bali’s endless sunshine and beaches mean there is plenty of demand for these businesses:
If you do plan to start a business in Bali, and you have finally incorporated your business — Congratulations! But this is still not the end of it. In order to work and STAY in Bali at the same, a work permit or business visa application is another legal process you have to go through as well. Read our helpful article or consult Cekindo’s professional team to find out more.
Starting a successful business in Bali is not always an easy feat. While you definitely have the courage to start your entrepreneurial journey, you will also need to be resilient, patient, and ready to learn. Update yourself with informative business news in Bali regarding opportunities, laws, and regulations. Eventually, everything will come together for the best.
Cekindo has helped set up hundreds of foreign-owned companies across Indonesia, including Bali and Java (Jakarta and Semarang namely). Send us your inquiry now and join the growing list of our clients.
An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.