After incorporating your company in Indonesia, you must adhere and comply to all the regulations imposed by the government. Most countries’ company laws outline what is deemed appropriate behavior by corporations operating within their boundaries.
Such corporate regulations are implemented to protect firms, consumers, and the government against corporate misbehavior that may cause or exacerbate negative business conditions.
Governments adopt laws aimed at businesses, such as taxation, health practices, and registration, with the goal of creating a favorable regulatory environment for performing business activities. While most regulatory compliance regulations are designed to safeguard local businesses, they must also be flexible enough to protect international businesses.
Regulatory compliance refers to a company’s adherence to policies, rules, and procedures that define the rules that it must follow during its operations. Regulations’ efficiency determines how easy or difficult it is to conduct business in a certain country.