The ownership of companies in multiple different locations can increase the scope of one’s business network through interactions with new clients, employees, and partners. Furthermore, if any problems arise in one company, the other company’s network and contacts can prove to be of assistance. The synergization of contacts and strategies in both the companies also help the company owner to make significant profits. With proper planning, the owner can earn a significant return on investment while also saving much time, thus allowing the company owner to place more emphasis on the company’s core businesses activities.
Although there are benefits which Indonesian company owners who also own a company in another country recieve, they must abide by every rule and regulation in force in both the countries. For example, the owner of an Indonesian company who also owns a company abroad must pay taxes accordingly for both companies. Doing so will prevent legal issues from occurring and also allow the companies in question to function seamlessly in the Indonesian as well as the foreign market. By conforming to proper ethical and moral values, company owners can enhance their companies’ reputations in different markets.
Another factor that gives encouragement to Indonesian company owners is the government’s regulations. The Indonesian Investment Coordinating Board (BKPM) has also provided many advantages to PT PMA companies as well as Indonesian companies with foreign investments and connections. The availability of the Limited Stay Visa has allowed company owners to work with their partners and employees from abroad in their Indonesian company or provide training from another country to staff members. Such interactions between the employees and executives of the two companies will also promote cooperation and progress towards the company’s growth.
Those who are not familiar with specific laws and regulations regarding the setup of a company in Indonesia may make use of the advice provided by Paul Hype Page & Co. Regardless of whether your company is a PT, a PT PMA, or any other type of company, we will ensure that its setup is in compliance with the business laws of Indonesia. Although the setup of a company in Indonesia can be a complex process, we will take you through every step until its completion.