The Indonesian government has been encouraging new businesses in the country, especially from foreign investors. As they are easing the requirements to set up a company in Indonesia, the process of applying for licenses, such as the trading license, also known as Surat Izin Usaha Perdagangan (SIUP), is now less of a hassle.
Before one can officially operate the business, business licenses are required. For most companies, trading, importing, and exporting are part of the business operations. These companies are required to apply for the SIUP trading license in Indonesia, which grants them the license to operate legally. They are also permitted to do trading activities internationally.
With the SIUP license, your business shows proof of incorporation that adheres to the regulations. There are many benefits to having to having legality to the business, including: