Business And Management

Forming A New Company In Indonesia

Located in Southeast Asia it is a melting pot of cultures. Because of the east-meets-west state of Indonesia, they have always been a target of foreign investors. Indonesia's substance is based on eastern culture, while organization formation in Indonesia is done largely in western fashion.

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The economy of Indonesia has been built on export and manufacturing, due to the fact that there are no natural resources to speak of.

Ever since they got the freedom in 1965, Indonesia has not been stopping in making a name in the business and financial world in Southeast Asia. Indonesia is considered as the perfect location for foreign investors.

Obtain authorization for your company name and register your business. Business incorporation and registration will always be the responsibility of the Accounting and Corporate Regulatory Authority of Indonesia.

The electronic system filling of ACRA is a big file. Bizfile's main target is to help users to file incorporation form online. This registration requires SGD$15.

It is important to secure a business profile. ACRA website via Bizfile will be the only authorized website that will provide you a business profile. It will just take 15 minutes to finish the whole process to be done and will be paying SGD$300 in 2010. At that time, the Inland Revenue Authority of Indonesia will be giving a tax number.

A company should have a company seal. Be noted that authorized suppliers are only allowed to supply company seals. The company seal can be purchased for about SGD$35 for a three-day service, or SGD$70 for same-day service.