With the economic growth and its demographic condition, Indonesia has become one of the promising countries in Asia to start your business. There are a lot of potential business sectors to explore, not just in the tourism area, but also in the service and manufacturing industry. Therefore, it is not a surprising phenomenon when many foreign investors and developers choose Indonesia to establish their business.
For those who are still wondering about how to start a business in Indonesia, take a look at the following aspects that should be taken into consideration in your business establishment.
As one of the world’s largest archipelago and autonomous countries in the world, Indonesia has numerous business locations to consider. For that reason, picking up the best location for your business should be included in the earlier steps of the establishment process. Besides adjusting the location with your business venture, it is important to note that different regions in Indonesia have different systems and regulations. Some of them are also specifically designated in Special Economic Zones (SEZ).
Types of business
The country’s most leading business sector for foreign investors and developers lies in the service area, followed by agriculture and industry sector. However, those sector selections do not necessarily have to be the ultimate choice for your business. The vast development of information and technology in the country also open another opportunity to expand the types of business, including e-commerce and import or export service.
The finance of business venture
The next thing you need to consider how to start a business in Indonesia is the financial management of your business venture. Surely, after a particular type of business is selected based on your goals and interests, you need to research the market and come up with the system on how the finance will flow. Plan this point on detail by considering the benefits and the barriers.
Foreign business regulation
For foreigners who want to start their business in Indonesia, understanding the country’s foreign business regulation is a must. The Indonesian government, along with other related legal entities, takes the foreign business set up seriously. Thus, it is always a wise decision to understand the establishment procedure by the process, or else, your plan to start the business in this country may stumble into tricky steps.
Setting up arrangement
The way you set up the new business is the most crucial step to encounter. By following the given procedures, you can start the business by appointing a local agent or distributor, setting up a representative office, expanding a local branch, or building a partnership with local investors or stakeholders through Foreign Direct Investment (FDI) in the limited liability company. Regardless of your way to set up the business, involving local professional service of the business establishment will be helpful and beneficial for your business plan.
Choosing an experienced and trustworthy document legality service company is another important step to do when you want to establish a business in Indonesia. In this regard, Company-Registration.co.id provides legal services for business establishment you are looking for, including company registration, business licensing, and FDI arrangement. By using their services, any confusion on how to start a business in Indonesia can be overcome with ease.