After the lengthy incorporation process you might expect that you’ve managed to beat the bureaucracy and your company is finally set to conquer the Indonesian market. But there is one license every business still needs to acquire – permanent business license.
Let’s look more closely what is it and why you will want to get it as soon as possible. [Continue reading...]
If you’ve talked with Indosight consultants, which you probably have, you’ve heard us saying things like “be clear about your location, business activities, shareholders etc. from the beginning”.
There’s a good reason for that. Making changes in your company activities, location or shareholders all require a considerable amount of time and legal paperwork.
However, most likely at some point you will reach a point when company restructuring is required. This article will guide you through the most common changes and what you need to know about them as a business leader. [Continue reading...]
If you are planning to start a company in Indonesia and hire a lot of foreign nationals as employees you might want to think again. In fact, the number of work permits issued has been declining in recent years and reached only 68,957 in 2013.
Indonesian government is very concerned about how many foreigner nationals work in Indonesia and that the ones who do are adding a value that local employees couldn’t. [Continue reading...]
The capital district of Jakarta and the paradise island of Bali are in the spotlight when it comes to doing business in Indonesia. About two thirds of all expats live in these two areas. But Indonesia is changing. The Government’s ‘Masterplan’ for 2025 determines growth centers across the archipelago. We want to have a closer look. [Continue reading...]
Most foreign owned companies in Indonesia have the same corporate structure – shareholders, commissioners and directors.
In this article we’ll explain who can fill which role and what are their rights and responsibilities. If you look for information about changing people in those roles, we have another article about company restructuring.
When you conduct business in Indonesia there are various options for setting up a legal entity. Most common is to register a limited liability company (PT PMA) but there are also alternatives in case your capital is limited or you can handle transactions via a foreign entity. [Continue reading...]
Living cost is an important factor many first time founders consider before opening a company. Especially in the beginning your own living expenses might be one of the biggest cost for your company.
So I decided to look into data provided by Numbeo.com and compare them with my own experience. Result is this guide that should give a pretty accurate picture of how much money an average expat can expect to spend in Jakarta. [Continue reading...]
Many foreign trading companies don’t know that opening a trading firm in Indonesia is not always the best option. Sometimes it’s wiser to open a representative office of foreign trading company (K3PA).
This article is for trading companies that don’t need to handle their transactions via their Indonesian branch but need some level of legal presence in Indonesia. This article complements our previous general representative office (KPPA) article. [Continue reading...]
Meet Edo Frese. If you are interested in Indonesia then you have probably come across publications managed and partly owned by him: Jakarta Expat, Bali Expat and recently Golf Indonesia. If you visit Indonesia, you have likely tried sweets from a bakery run by him called Aaltje Bakery.
We interviewed Edo in Jakarta to know more about his personal experiences with Indonesia and doing business here, as well as how he sees the country’s future. [Continue reading...]
“No battle plan survives contact with the enemy”
-Helmuth von Moltke the Elder, 19th century military strategist
You may not be a war general but if you are looking to start a business in Indonesia be ready to think like one. While business planning and research is important, the real world will more often than not provide challenges we couldn’t foresee. And those challenges can be very costly. That’s where market testing becomes useful. [Continue reading...]
Indonesian law requires companies to rent an office already during the incorporation process. The document you’ll need is domicile letter (Surat Keterangan domisili lurah camat) that is given based on your rent agreement.
Until recently virtual office was a good alternative for companies who needed the domicile letter but not a physical office. This saved you money and still enabled you to have an office address.
In this article we’ll explain what kind of office you should rent depending on your location and activities and why virtual office is no longer a good option for most companies. [Continue reading...]
The overwhelming majority of Indonesians know little to nothing about respecting intellectual property rights or IPRs, and act accordingly. Indeed, it is a huge problem here. The first National Intellectual Property Day was recently held to promote public awareness. But how bad is it? [Continue reading...]
Today, our interview is with a romantic. Roy K is the chef and owner of Bakkerij Voorneman, the only original dutch bakery in Jakarta, loved by customers because of its owner’s passion for detail, health-mindedness and personal approach.
The hotelier, turned movie star, turned baker tells us why he keeps his business simple and why more people should find their passion to do the same. We met up with him in his bakery. [Continue reading...]
Do you know why your office boy will not want to get in the same elevator with you? Or why what you thought was a happy announcement is sometimes greeted by silence and awkwardness in an Indonesian office? If you have been successful in leading employees in the past, it is easy to think that you have found what works and just continue using that style when coming to Indonesia. There might be many painful lessons waiting for you if this is the case.
Indosight has interviewed many foreign executives and managers from various industries. They have discovered that managing Indonesian employees has distinct differences from what expats can be used to. In this article, we compile their knowledge, our experience, and some expert views on the subject. [Continue reading...]
Getting a spouse sponsored KITAS can turn out to be like a part-time job for you in Indonesia. We want to solve it by demonstrating the easiest way of getting a KITAS sponsored by your Indonesian spouse. It is a tutorial for how we acquire this visa for our clients and what their part in it is.
First, we have to make sure that you meet a few pre-conditions in order for you to actually be able to apply for this KITAS. When appointing Indosight to handle your stay permit, the only time you need to go to the immigration office is when you need to take photo and finger prints. Other than that, we take of the legwork as well as the paperwork.