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registrations for foreign investment in Indonesia- Common Mistakes of Registrations for Foreign Investment
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Common Mistakes of Registrations for Foreign Investment

Foreigner—as the investor—coming to Indonesia usually has a distinctive background of culture, language, and regulations. For the first time, it will be a little bit difficult to adapt with the habit which is far different. It can be getting more complicated if it refers to the bureaucracy especially if they want to do registrations for foreign investment in Indonesia.

registrations for foreign investment in Indonesia- Common Mistakes of Registrations for Foreign Investment
registrations for foreign investment in Indonesia- Common Mistakes of Registrations for Foreign Investment – pixabay

 

To be a good businessperson, it is important to learn the regulation, law, and requirements—although it may take a longer time to study. The process of registering the license, permit, visa, and recommendation letter is an exhausting activity. There are some mistakes commonly occurred and done by the foreigner.

  1. Uncertain of the industry sector

The first mistake comes from the hesitation of what kind of field that should be run. In Indonesia, registering PT PMA is more complicated than a local company. Besides, it is possible that the different sector has a different requirement. So, it is essential to decide what kind of company that the investor wants to do in the very first place. Then, the following process will be much easier. Well, if the block still found, do a consultation the best option.

  1. Temporary office address
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As a part of the document, it is required to attach a proof of office domicile because it will be used for the NPWP registration. It can be a waste of money if the location of the office still in temporary, because it needs to change the NPWP and other documents. Therefore, instead of doing the same work repeatedly, deciding the location of the office is important. Or maybe, if it is allowed, using a virtual office can be other options.

Temporary office address - Common Mistakes of Registrations for Foreign Investment
Temporary office address – Common Mistakes of Registrations for Foreign Investment – pixabay

 

  1. Taking over all the work by yourself

Working in a new place need an adaptation, not only for the culture but also everything. Indonesia is different from other countries in term of regulation. Then, handle all the registration processes will only cause frustration. The Indonesian Company Law has been issued in No. 40/2007 including the details.

Before taking a sudden decision, considering some particular advantages and disadvantages is necessary to find the solution. Rather than going everywhere and take care of all the registration alone, using a local company which already mastering the bureaucracy is better. It does not mean that the consultant does the whole process, but providing the documents is necessary.

  1. Trusting unqualified company
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In deciding to use the consultant agency for establishing a new company, take the consideration before. Trying to find the best professional company through browsing is helpful than just listening to the recommendation at once. Find the company run by the Indonesian is more reliable since they know the condition and habit. Make sure that the chosen company has received the certification from the legal entity or BPKM. Also, checking the testimony on its website is much better. The last is, the consultant will report the current process without being asked by the investor.

Trusting unqualified company - Common Mistakes of Registrations for Foreign Investment
Trusting unqualified company – Common Mistakes of Registrations for Foreign Investment – seruni

 

Reading the regulation of registration for foreign investment seems easy and simple. It needs more than effort and patience. As the businesspeople, rather than doing a fraud or fatal mistake that can make the delay of the establishment or even being rejected by BKPM, better to trust the process to the professional company of company registration which can be accessed through www.company-registration.co.id.

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