When it comes to doing business in Indonesia, Central Java province is certainly one of the favorite regions for both local and foreign investors. Quality human resources and easy licensing are why central Java, including Solo, is a strong magnet for businesses and investments.
In the Indonesian 2018 Investment Award, Central Java was known as the best One-stop Integrated Service Provider (PTSP) in the country and thus many investors take full advantage of this innovative opportunity.
Therefore, Solo, a densely populated city of Central Java with over 555,000 population, is also an amazing investment point for diverse business exploration and ventures.
Thanks to the one-stop Online Single Submission (OSS) system, investors can also invest in property including hotels, apartments, educational facilities, and hospitals.
Apart from immersing yourself in this stunning, mountainous region with breathtaking temples and a rich agricultural landscape, you may consider doing business in Solo.
In this article, we will tell you why you should and how.
Explore Solo with a Business Visa
There are tons of business opportunities waiting for local and foreign investors to explore in Solo while doing business in Indonesia. Choosing the right visa to enter Solo can be one of the very first steps for you to jumpstart your venture.
Many investors would opt for a business visa. An Indonesian business visa allows investors to explore the most business opportunities in Solo, especially for foreigners who wish to come to Solo for a short duration each time but do so regularly.
What foreigners can do with a business visa in Solo are as such: workshops and conferences participation, networking, negotiation, market survey, and contract signing on behalf of the parent company.
Profit-generating business activities and recruitment of employees are prohibited under this visa.
How to Register a Company in Solo
There are three types of legal entities that foreigners can look into for company registration in Solo to be able to do business in Indonesia:
- Local company (PT)
- Foreign-owned company (PT PMA)
- Representative Office
Foreigners doing business in Indonesia often prefer a foreign-owned company. This is because a PT PMA, or Perseroan Terbatas Penanaman Modal Asing in its full Indonesian name, is the most common type of legal entity designed for foreign investors with the permission of foreign ownership and income generation.
The process of setting up a PT PMA in Indonesia has been simplified owing to the revised regulation taken effect in June 2018. To register a PT PMA in Indonesia, this is what you should follow:
- With compliance with the Negative Investment List, obtain a Deed of Establishment.
- Get a tax number NPWP and a domicile letter
- Proceed the registration of PT PMA with the use of the OSS.
- Obtain a business identification number to start the business operation.
- Based on the type of your business activity or sector, apply for other necessary licenses such as commercial license and operational license.
How Cekindo Can Assist You in Doing Business in Indonesia
Cekindon provides you with a precise and clear picture of business visa application and company registration in Solo when doing business in Indonesia.
We are skilled consultants who can perfectly guide you in selecting the most feasible form of company structure in the most time and cost-efficient manner.
Once your company is registered and incorporated in Solo, we offer a complete professional service package, including business process outsourcing and legal services to support your business growth.
Because of our comprehensive services, our clients range from individuals, investors, startup entrepreneurs and small-medium enterprise owners who need assistance in steering through laws and regulations when doing business in Indonesia.
Contact us to discuss your needs through the form below.