Many years ago, many people did not know about Lombok. But today, Lombok is often referred to as “The Little Sister of Bali”. Therefore, because of its increasing fame and popularity, Lombok has become one of the most common choices when it comes to starting a business in Indonesia.
A huge number of tourists has been arriving in Lombok over the past few years since the launch of its new international airport in 2011. In addition, being an island east of Bali and west of Sumbawa, Lombok is one of the region’s best performers in both local and foreign investments. This is especially true for tourism and property investments, owing to its ever-increasing infrastructure and property developments.
Now, let’s take a look at the reasons you should invest in Lombok and how you should go about choosing the right type of legal entity for your business.
The earthquakes in August 2018 brought serious consequences to many tourism businesses in Lombok. However, approximately 90% of tourism operations on the islands are already back to business since then. In addition, most tourism businesses in south Lombok are open as normal just like pre-earthquake as the beaches are not very much impacted.
With so many potentials that are still available for your to take advantage of, here are the reasons you should invest in Lombok:
With these fascinating potentials and possibilities, Lombok is an alluring destination for individuals and companies to invest and set up a company.
Before anything, you must choose the right type of legal entity that works for your business requirements. If you haven’t had any experience in setting up a company in Indonesia, especially when you’re a foreigner, opting for professional consultation or expert assistance is highly recommended.
Basically, foreign investors often use these three types of legal entity in Lombok:
Local Limited Liability Company (PT)
Foreign-owned Limited Liability Company (PT PMA)
If you want to buy a property in Lombok as a foreigner for investment, you will need to purchase it under the PMA scheme that is controlled by the government in Indonesia. You must provide the following:
With a team of specialists in business setup, Cekindo is your gateway to starting a business in Lombok. Our experienced consultants and legal practitioners can guide you through the company registration process, step-by-step.
Speak to one of our consultants today by filling in the form below.