First, start to think about what business model you will run. You can begin to find out information on emerging business trends. If you are already steady with the chosen business field and are confident in your abilities, immediately execute the idea. The thing to remember is if you don’t execute it now, then tomorrow someone else will do it.
Business Opportunities in Indonesia
How to set up a new company? You need to pay attention to what the requirements for establishing a new company in Indonesia. Find as much information as possible about the company’s establishment requirements. Like what documents should be attached? Who is the company registration authority in Indonesia? How long does it take to register a company?
Fortunately, the Indonesian government continues to make efforts to facilitate the establishment of the company. If more and more companies are established, it means more jobs in this country. It will undoubtedly have a positive impact on the growth of the Indonesian economy. Based on the Ease of Doing Business (EoDB) indicator issued by the World Bank in 2017, Indonesia’s rating rose from 106 to 91 from 190 countries. The indicators used in the preparation of EoDB are the ease of starting a business or establishing a company, access to electricity grids, building permits, bankruptcy processes (insolvency) and others.
For an indicator of ease of starting a business, Indonesia’s ranking also increased. In this case, the World Bank assesses how easily the establishment of a company, which is primarily a limited liability company (better known as PT). In general, the World Bank sees that in 2017 the establishment of PT in Indonesia is no longer a minimum capital requirement and the process requires 11 stages and takes 24 days—from the process of making the deeds of PT, NPWP, SIUP, and TDP, and WLK. This is certainly a step forward because in 2016 the process of establishing a new company still takes 47 days.
The Company Registration Authority in Indonesia
If you want to establish a Limited Liability Company (PT), then there are some requirements that must be met. Firstly, the deed was made by a notary and signed by all founders of PT. Then for the legalization of the PT legal entity, the notary will submit it to the Minister of Law and Human Rights.
After the Minister of Law and Human Rights issued an approval letter of PT legal entity, the PT has been born as a legal entity that recognized by the state. If the PT has become a legal entity, then the PT is considered as a new legal subject that has the rights and obligations. The obligation is that the company must have a tax number. In tax office, PT will get two documents related to tax obligations, namely NPWP and Tax Registration Certificate (better known as SKT Pajak). Also, a company should have a business license called SIUP. This license may be administered in the trade office.
Taking care of many documents is not easy; Company Registration Co. ID can make it simple for you. And this has even been proven by thousands of local and foreign companies that have used their services.