Starting a company overseas may be different from your own country. There are many steps to take, including when it comes to incorporating your business. Now, how to get your company incorporated in Indonesia? This is for you who are serious about managing your business growth with real strength and professionalism.
Managing your own business along requires all aspects. There are two types of company incorporations in Indonesia. To know how to get your company incorporated in Indonesia, then here they are:
- The limited partnership of CV.
This type of company incorporation goes like this: active and passive owners run the business together. Being the equal source(s) of the capital fund and sharing the company profit, they both must also involve in these two processes:
- Decision making.
- Securing confidential information.
- Limited liability or PT.
PT has been known to last longer in Indonesia. Many businesspeople have preferred this format. This type of company incorporation operates more openly. The public can access their decision-making process. There is a possibility of trading the equity investment as the capital fund. The invested amount will affect the profit sharing.
Although the decision-making process can be accessed by the public, the confidential information remains secure in the company. The investment fund will also affect the sharing of the fiscal deficit. The directors of the company (PT) are responsible for the sustainability of the company.
The advantages of company incorporation in Indonesia:
There are six (6) advantages of company incorporation in Indonesia. They are:
The personal asset is protected.
Unlimited liability is always part of the risk for a business owner who does things on their own. This can affect both their business and personal assets. If the company is incorporated, then there is a limit. The creditors can only receive payment from the business assets.
- The company has more opportunities regarding the capital raise.
The stock share issues usually make the entity gain more access to the capital. The raise of it will make your business grow and develop.
It protects the brand.
Company incorporation means securing your company brand. The brand includes the business name, brand recognition, and product trademarks. This will avoid other irresponsible parties from using your brand for their own benefit.
- It enhances your business credibility.
With credibility, your business shows their strong commitment over the ongoing success of the business venture. Incorporated business also means strength in numbers. It speaks of permanence and stability to your clients and business partners to collaborate with.
- It gives your business more privacy or anonymity.
If you do not feel like revealing your involvement in this business much, company incorporation is the answer. It gives you a sense of peace and more concentration to secure secret trades and other business affairs.
It gives a perpetual existence.
Whatever happens to each individual in the business, the company can still remain strong and active. Your business is still secure and gets to avoid entanglements that may disrupt the structure of your company.
Knowing how to get your company incorporated in Indonesia is important if you want to have a better, more secure business.