Incorporating a business in Indonesia requires extra effort compared with many other ASEAN countries. By setting aside the rHow to Succeed Doing Business in Indonesiaight amount of time to understand Indonesian business climate, society, and regulatory environment, doing business in Indonesia can be easy and profitable.
Indonesia, as we know, is not an easy place to start a business. From the widespread corruption remains, weak legal system and social instability, makes up to some of Indonesia-specific traits many foreign capital and foreign investment continue to struggle with
It is important to underline that, while undoubtedly challenging, the prospects for foreign investors doing business in Indonesia are better today than they ever have been.
For the first time in a long time, the Indonesian government has a clear pro-business stance, and a firm commitment to increasing Indonesia’s competitiveness and deepening the integration with the global economy.
Incorporating a business in Indonesia requires extra effort compared with many other markets. By setting aside the sufficient time to understand Indonesian business climate, society, and regulatory environment, doing business in Indonesia can be easy and profitable.
However, despite its strong economic performance, Indonesia faces challenges that stiﬂe private-sector development. For businesses looking to take advantage of its high growth levels and ambitious economic future, having a local person can prove to be a real asset.
Starting a Business in Indonesia
It takes an average of takes nine procedures and 47 days to establish a corporate entity in Indonesia. New businesses must liaise with the Indonesian State Treasury, the Ministry of Law and Human Rights and the Ministry of Manpower, as well as complying with several regulations before being able to successfully incorporating.
Registering an Indonesian Property
Including getting a land certificate examination and paying tax on the acquisition, it takes approximately 22 days to register a property and six procedures. Also, with the mass land that they have, the cost of registering a property is higher than the norm in Indonesia.