With a vibrant economy, huge market potential, talent, and natural resources, Indonesia is certainly a foreign investor’s dream. No one can blame you if you’re considering of setting up a business here.
But it’s not going to be easy. While the country is poised to become one of the economic leaders in the Asia-Pacific region, it remains conservative with foreign investments and employment:
1. The Negative Investment List may show how the country opens more industries to foreign investments, but caps are still present. It means you may not own certain businesses 100 percent.
2. It places a high priority on the welfare of the locals. For this reason, it sets specific rules and regulations that limit employment. Foreign businesses also cannot hire expatriates for many positions unless they also employ Indonesians.
3. It is also protective of its local businesses.
How do you make the most of the opportunities then while overcoming the limitations and challenges? The answer is finding a reliable business partner in Indonesia.
WHAT CAN A PARTNER DO FOR YOU?
Looking for a business partner in Indonesia isn’t just to give you an entry into the market. It is your way to sustainability and growth. They can help you with the following:
Sponsoring a Visa
Whether you want to get a work or business visa, you need to have a sponsor. It can be a local or a business entity already recognized in the country. In fact, your sponsor does more than a half of the visa process. You cannot do anything until your sponsorship gets approved by the immigration.
Setting up a Business
Finding a local partner can help speed up your entry into the market especially if your industry is capped. The partner’s role depends on the agreement.
There are different business structures you can choose, but two of the most popular is a special purpose vehicle and a PT PMA. In a special purpose vehicle arrangement, a local becomes the business owner at face value. PT PMA may be more complex, but it also allows you to have more control over the business as you can hold a position such as a director or a shareholder.
Buying a Shelf Company
The process of company registration in Indonesia can be long and tiring. It may take weeks, sometimes months, to complete. One of the quickest ways to establish here is to buy a shelf company. A business partner such as Cekindo can help facilitate it for you to make it more convenient, easier, and faster.
Distributing of Goods
As not all markets are open to you, as well as to take advantage of existing local businesses, you can look for a partner to help you distribute and sell goods in the country. Its knowledge on the market, rules and regulations particularly on importation, and business culture will come in handy.
How to Find a Reliable Business Partner in Indonesia
You may now understand the huge role a business partner has on your business, but you have no idea how to look for someone reliable. There’s only one smart and hassle-free choice for you: work with Cekindo.
Cekindo is the right business partner for expatriates who wish to work or businesses that want to set foot in Indonesia. We provide the support you need to start, maintain, and grow your business:
· Local partner selection
· Company registration
· Special purpose agreements
· Product registration
· Market research and analysis
· Buying agent
We can also extend both front-end and back-end services.
Beyond these, we have the years of good track record, consultants with deep knowledge and expertise on Indonesian business climate, and the passion for helping. We understand the intricacies of culture.
With us, you can avoid the common risks and pitfalls that include losing every investment you’ve made.
The market is waiting and the opportunities are teeming, but they won’t be around very soon. Take advantage of them. Cekindo can help.