Business

Setting Up a Company in Indonesia

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One thing that you will have to understand is the legal obligations of Indonesia company incorporation services in Indonesia and also the foreign ownership restrictions of Indonesia. Remember, that the whole point of establishing a business in Indonesia is to tap into the enormous potential of the country’s small and micro economy. In order to do this, you will first need to register your company with the appropriate authorities. You will need a BIN or Business Identification Number from the Indonesian Trade Registry so your company can obtain company permits at the customs and trade facilities of Indonesia. You will then need a local registration number, which will enable you to transact your business legally both at the local and foreign levels.

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Once registered, you will then need a foreign representative office which will be your official head office. The representative office serves as your representative in matters between the foreign ownership of your enterprise and in Indonesia, and between you and your Indonesian clients. It will also be the primary representative of your business when it comes to dealing with both government and non-government organizations in Indonesia such as banks and insurance companies. You will then need an office management team. Office management consists of a group of people who will essentially manage the different facets of your company such as your marketing, development and finance departments. You will also need a general manager who will head up your human resources, operations, procurement, business development and marketing departments.

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