Home Blog Silicon Bali Growing: 5 Reasons to Start Your Business There Bali | Business Setup | Company Registration Silicon Bali Growing: 5 Reasons to Start Your Business There InCorp Editorial Team 13 October 2017 3 minutes reading time Table of Contents #1 Continuous GDP Growth #2 Work-life Balance #3 Growing Tech Industry #4 Co-working Environment #5 Low Costs Bali is now becoming the most prominent global startup hubs where it’s originally the holiday retreat destination. Attracting lots of people from abroad, Bali has become a melting pot of both local and international ideas and business strategies. That said, this article summarises the main reasons many companies choose to build their business in the beautiful Bali region. #1 Continuous GDP Growth Indonesia has the biggest population in Southeast Asia and the fourth biggest in the world. With Bali not being an exception, demographics are favorable in the region for long-term economic growth as the population is very young and increasing rapidly. Quickly developing, Bali provides massive opportunities for anyone looking into setting up businesses. #2 Work-life Balance You cannot underestimate a balanced lifestyle since it can significantly impact your productivity and business respectively. Welcoming more than 3 million tourists every year, Bali offers an extensive list of activities that attract both tourists and investors. Diving, snorkeling, yoga lessons, trekking, temples, rice paddies, great restaurants are only but a few options on how one can enjoy time spent in Bali for twice cheaper (sometimes even thrice) than you would have to spend in other countries. #3 Growing Tech Industry While Bali may not be a dream destination for online technology workers and startups, this industry is growing rapidly there. In addition to that, the increasing number of students seeking degrees in technology is a promising base for hiring talented workforce for your business in the region. Consequently, Internet service providers have been improving their services in order to provide faster and stable Internet connection that is essential for companies based in Bali. #4 Co-working Environment Getting focus and a unique perspective is something that you definitely get in co-working places. Bali has attracted more and more people every year. It has developed an abundance of co-working spaces that offer significantly more than an open-office space. Their participants can focus on their projects as every other need is taken cared of while educating themselves through weekly events and conferences. #5 Low Costs Low costs are one of the main attractors for people seeking an ideal place where they can start their business. Your company will definitely benefit from low operational expenses in Bali. You can do many things without being too financially constrained. In addition, the costs of living in Bali is being lower on all fronts. Generating a reasonable income on Western standards enables businessmen to live much better lifestyles. Cekindo Can Help You To Start Business in Bali Bali has quite strict visa restrictions and entry barriers, especially for those who would love to start business in Bali. Having said that, dealing with the bureaucracy and setting up a company in Bali might seem tedious business for some. While this may discourage many others from entering the market, that would mean lesser competition for your business. Indonesia’s top global business partner Cekindo is here to help you in setting up a company in the country. We provide a full suite of market entry and corporate secretarial services that enable you to focus on your business. Contact our professional consultants now through email at sales@cekindo.com to discuss how we can work together inefficiently realizing a unified goal: the success of your business. 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 Can a PMA company hire expats in Indonesia? Yes, PMA companies in Indonesia can hire expatriates, but certain positions are restricted by the Ministry of Manpower. Expatriates need both working and stay permits, and employers must employ Indonesian counterparts for each expatriate employee, typically at a ratio of at least one Indonesian counterpart per expatriate. Can a foreigner become a director or commissioner of a company in Indonesia? Yes, in a foreign-owned (PT PMA) company, a foreigner can be a director or a commissioner What is the minimum shareholder requirement to incorporate a PT? The minimum number of shareholders to incorporate a PT is two What are the shareholder rights in a PMA company? Shareholders of a PMA Company in Indonesia have various rights, including voting rights in general meetings, entitlement to dividends and liquidation proceeds, and access to information. They must approve significant matters through general meetings of shareholders with specified quorums, such as: Amending articles of association Changing share capital Appointing or dismissing directors and commissioners Approving major transactions, dividends, and financial statements Company reorganization Get in touch with us. Lead Form Contact Full NameEmailPlease provide corporate email where possiblePhone NumberOffice SetupWhich city are you planning to expand into?JakartaSemarang/Central JavaBali/LombokBatam/SumateraSurabaya/East JavaOther ProvincesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Package (20% OFF)[SPECIAL PACKAGE] Product Registration + License Holder (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (25% OFF) + Office Space (Private Office 30% OFF)[SPECIAL PACKAGE] Company Registration + Investor KITAS (25% OFF)[SPECIAL PACKAGE] Accounting + Tax Services+ Annual Fintax Report (20% OFF)[SPECIAL PACKAGE] Payroll Services for Executive Role (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (20% OFF) + Office Service (25% OFF)[SPECIAL PACKAGE] Company Registration + Micro Finance Services (25% OFF)[SPECIAL PACKAGE] Property Assistance: Due Diligence + AJB Purchase/Lease Agreement (25% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesServices Company Registration Renting Virtual and Serviced Office Business and Import Licenses Corporate Recovery and Insolvency Closing of Company (Dissolution) Land and Property Ownership Shelf Company Local NomineeServices Accounting and Tax Reporting Audit and Review Transfer Pricing Compliance Tax RefundHuman Resource Sub Services Payroll Outsourcing Employer of Record Recruitment and HR Establishment Employment ServiceServices Business Visa Work Permit and KITAS Dependent Visa (Spouse and Family) OtherBusiness Visa Subservices Business Visa Visit Visa Visa ExtensionServices Medical Device Beauty (Skincare and Cosmetic) Food and Beverage Health Supplement Household Product Halal Certification TrademarkServices Legal Consultation Legal Agreement Service Due Diligence and Background Check Company Documents RevisionBusiness Advisory Business Advisory Services ESG Reporting & Advisory Internal Audit Risk ManagementMore Services Market Research and Analysis Local Distributor and Partner Bank AccountMessageSubmit What you’ll get A prompt response to your inquiry Knowledge for doing business from local experts Ongoing support for your business Disclaimer The information is provided by PT. 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 Update from Ministry of Law and Human Rights: New Regulation on Capital Submission Proof Read more How to Open a Bank Account in Indonesia as a Foreigner Read more Renewable Energy Investment in The Manufacturing Sector Read more