Jakarta might be known for its ultimate traffic jam. But, as the largest metropolitan city of Southeast Asia, Jakarta is very potential for doing any business. That is the reason with many people love to invest and open a business in this big durian.
But still, set up business in Jakarta is quite challenging. Jakarta is a multicultural city, and it can be the source of many problems. Research from Zipjet in 2017, a British firm, stated that Jakarta is the 19th most-anxiety-inducing metropolitan city in the world. However, don’t make it a reason for you to avoid setting up business in Jakarta. By following these tips, you can conquer the big durian and gain success to set up business in Jakarta:
Understanding and appreciating local culture
Jakarta is not only a place for Betawi people because there are many people migrate to Jakarta from a long time ago. So, as a multicultural city, it might be challenging to understand the local culture of Jakarta. But remember, you don’t really have to know all the cultures so well. You just have to be more sensitive to the norms and ethics that most of Jakartans follow, and be tolerant. Never try to make trouble with sensitive issues such as race and religions.
Finding the right agent and partner
Before registering the business in Jakarta, you may use the local agent that will help you to overcome the bureaucracy problems and to avoid the mistake. You can also build your business with the local partner, in case your business is restricted to foreign investment in Negative Investment List. But, not all people are trustable in Jakarta. Many people will try to fool and take advantage of you, moreover if you know that you are a foreigner who has a lot of money. Be smart, and choose the agent and the partner that have good reputations and that you can rely on.
Think about opening the real office
Usually, people will think about having an office after they register and open their business. But as a starter, having the real office may be challenging for you. First, you have to understand the foreigners’ ownership rights to land in Indonesia. Second, it is not that cheap, moreover if you want to open the office in the notable business district like Sudirman. If you still want your business to be professional, you can hire the service of virtual office. This service will provide you the office address, the receptionist to answers the call from clients, and maintain the letters. You can work anywhere you want virtually.
Understanding the process
Before you set up business in Jakarta, you have to understand some process. First, you have to prepare the minimum amount of paid-up capital and investment required by BKPM (The Investment Coordinating Board). Second, you have to gain the principal license, and after that, you can get the permanent license.
Always update to the license and never let the principle license expired. Because you have to deal with complicated steps and bureaucracy to overcome that licensing problem.
Pay attention to the tax and BPJS
The government keeps the eyes on those two things. So, always pay your tax on time so that you will not find any trouble. This also works on The Workers Social Security Agency (BPJS) fee for your employers. If you don’t pay it on time, you will have to pay for the big fine.
Not that easy, but following these steps before you set up business in Jakarta will prevent you from big trouble ahead. Good luck conquering the big city.
