Start your business in Bali with Cekindo
As one of the most popular destinations in Indonesia, the prestigious island of Bali offers much more than crystal blue water and gorgeous rice paddies.
“Silicon Bali” is a hotspot of business opportunities you would not want to miss. Check out how to start penetrating the market through a company registration in Bali.
- Need a legal consultant with extensive knowledge of the market
- Wish to open their business in a speedy but well-managed process that complies with the laws and regulations
- Search for a trustworthy local partner
- Want to gain a market presence with a regularly awarded company
There are 3 Options for Foreign Investors or Businesses who Want to Set up A Company in Bali
Local Company (PT)
The first company registration option in Bali is setting up a local company (PT). Foreign investors who want to start a local company are required to have a local sponsor. Unlike a foreign owned company, a local company is not restricted when it comes to business ownership in Indonesia. Since a local company allows only 100% local ownership, there are two possible ways for foreigners to be able to establish a local company. The first option is through the appointment of a local nominee through a local nominee arrangement. The second option is through purchasing a shelf company (also known as a ready-made company) if you wish to speed up the incorporation process in Indonesia.
Foreign Owned Company (PMA)
A foreign owned company is perfect for foreign investors who want to run businesses in sectors that are not limited by ownership under the Negative Investment List. The requirements for setting up a foreign owned company is generally stricter than a local company. However, foreign businesses that establish foreign owned companies in Indonesia can enjoy a lot of benefits. For a start, you can fully own your PMA. After the establishment process is completed, you can also employ foreign workers and provide sponsorship for business visas if you wish to invite international business partners to Indonesia.
There is no better way to check the business potential of your field in Indonesia than starting a representative office. Test the water in Indonesia through the establishment of a representative office that allows you to conduct market research and marketing activities before finally being in the market. Commonly considered as a branch office of a parent company that is situated overseas, representative office restricts profits-generating activities.
Company Incorporation in Bali Step-by-Step
1. Contact Cekindo
2. Consult legal requirements of your business field
3. Get a tailor-made solution for your business
4. Sign a contract
5. Have your company registered in Bali