Home Blog A Guide to Establishing a Travel Agency in Lombok Bali | Business Setup | Company Registration A Guide to Establishing a Travel Agency in Lombok InCorp Editorial Team 5 October 2020 3 minutes reading time Table of Contents Most Popular Tourist Destinations in Lombok Requirements for Opening a Lombok Travel Agency for Foreign Investors Other Requirements for Lombok Travel Agencies How Cekindo can Assist Tourism in West Nusa Tenggara province in Indonesia, where Lombok is located, has been growing tremendously over the past few years. In 2019, the total number of visitors, including both locals and foreigners, reached 3.7 million for Lombok travel. Most tourists enter Lombok through the Lombok International Airport and ferry ports on the island. This is why Lombok has never ceased to be the top destination for foreigners who want to set up a travel agency on this beautiful island. Most Popular Tourist Destinations in Lombok Many tourist spots in Lombok are well known for both local and international visitors. Here are some of the most popular ones that you should consider for your business. Bukit Selong or Bukit Beleq Pink Beach or Tangsi Beach Gili Trawangan, Gili Air, and Gili Meno The Ganges Tree House Mandalika Pusuk Sembalun Tourism Park Mount Rinjani Requirements for Opening a Lombok Travel Agency for Foreign Investors There are certain criteria you have to meet before you can start a travel agency in Lombok. 1. No Maximum Foreign Ownership In Indonesia, foreigners can only own up to 67-70% of shares of a travel agency. It means that foreigners have to partner with an Indonesian citizen to open a travel agency. 2. Organisational Structure You must have at least a resident director, two shareholders, and a commissioner before you can register your travel company. 3. Minimum Paid-up Capital Foreign-owned Lombok travel agencies are required to have a minimum paid-up capital of IDR 1O billion 4. Operational Licenses Certain operational licenses are mandatory to register your travel agency and one of them is the tourism business registration license. 5. Environmental License This license is known as Surat Pernyataan Pengelolaan Lingkungan in the Indonesian language. All Indonesian travel companies and tour operators have to obtain an environmental license for environmental protection purposes. 6. Domicile Letter Commonly known as Surat Keterangan Tempat Usaha in Indonesia, all travel companies in Lombok must have a proper business address and location. Your business address is used for company registration but you can run your business anywhere in Lombok. 7. Permitted Activities Your foreign travel agency can carry out the following business activities in Lombok: Sell tour packages Plan and conduct tours Provide tour guide and transportation services Facilitate and handle the process of travel documents such as passports and visas Sell attractions’ and cultural events’ tickets Other Requirements for Lombok Travel Agencies To be a legal travel agency in Lombok, you will also have to register with the ASITA. ASITA is the acronym for the Association of the Indonesian Tours and Travel Agencies. Registration requirements with ASITA include the following: Submit business documents such as tax identification card and business identification number Prepare two recommendation letters from different travel agencies. These agencies must also be members of ASITA Pay a refundable membership fee: IDR 5 million or US$340 Pay an annual fee: IDR 5.35 million or US$365 How Cekindo can Assist Cekindo is an international advisory firm offering a wide gamut of business services in Indonesia. Some of the services that we provide include business setup solutions, tax advisory services, corporate advisory services, among others. Our highly professional consultants help you to build your Lombok travel agency at every milestone, from the company registration process to annual tax filing, recruitment to payroll management. Cekindo’s support team is always here to fulfill your requests effectively and timely. Send us your information and our helpful consultant will reply to you soon. Fill in the form below. Read Full Bio Verified by David Susandi Branch Manager – Bali Office at InCorp Indonesia Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia. Frequently Asked Questions How much is the minimum fund required to establish a PT PMA business in Indonesia? The investment requirement for PMA companies in Indonesia varies based on their classification under the Indonesia Industrial Standard Classification (KBLI). Generally, a minimum investment of IDR 10,000,000,000 (ten billion Indonesian Rupiah), excluding investment in land and buildings, is needed to conduct one business activity in one location. Can you provide pricing examples for company registration services? To provide you with accurate pricing information for our product registration services, we consider the complexities of your inquiries and the dynamic nature of regulations in Indonesia. As a result, the pricing for the service may vary accordingly. For detailed information, don’t hesitate to contact our consultants. Is having audited accounts mandatory? Audited financial statements are required for: Entities gathering funds from the public (e.g., banks, insurance companies) Entities issuing debt instruments Publicly listed companies State-owned enterprises Companies with assets and/or turnover exceeding IDR 50 billion Entities mandated by legislation How is the process of liquidating a PMA company in Indonesia, and how long does it take? The procedures for (voluntarily) liquidation typically involve the following steps: Conduct a general shareholder meeting to approve the liquidation and the liquidator’s nomination Notify the Ministry of Law and Human Rights as well as the creditors of the liquidation and the distribution plan for the assets by newspaper notice All business licenses and tax numbers should be canceled or revoked; the tax office will conduct a tax audit to revoke the tax number Make sure creditors are paid and that any liquidation funds are distributed to shareholders (if any) Conduct a general meeting of shareholders to approve the liquidator’s discharge and acquittal Notify the Ministry of Law and Human Rights of the liquidation’s outcome. After receiving the notification, the Ministry of Law and Human Rights will deregister the company’s status as a legal entity and remove its name from the Company Registry Release the liquidation’s outcome in a newspaper Completing the liquidation process can take around two years. Get in touch with us. 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Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind. We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials. We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website. More on Bali Beware of Stagflation 2022: How To Take Care of Business Read more How do You Register A Company with VAT Liabilities in Indonesia? Read more Business Licensing within Agricultural Sector in Indonesia Read more