SMALL BUSINESS IDEAS IN INDONESIA
Between 2006 and 2016, it is estimated that between 4 and 6 million companies were created in Indonesia, which makes the total number of companies in the country from 26 to 29 million. Trade and manufacturing accounted for 44% of these new businesses, followed by consultants (17%). The possibilities to start a small business Indonesia are enormous and now is the time to go.
As for starting a business anywhere, you will have to face some challenges. Read on to discover how you can confront these challenges with confidence and start a successful small business in Jakarta.
Start with a virtual office. When you start your trip to the Indonesian market, you will need time to familiarize yourself with the commercial landscape. As many foreign entrepreneurs in Indonesia claim that “Indonesia is not Asia for beginners,” there is certainly some truth in that. However, with careful planning and slow testing, there is no reason why you cannot succeed here.
A virtual office is a great way to start slowly. With a premium virtual office location in Jakarta, you can be present on the ground without actually being present. You can get in touch with potential customers and suppliers from a prestigious business address in the city. Your dedicated receptionist will answer calls to your local number and the mail management function will allow you to easily access any correspondence sent to your office in Jakarta.
Work with a trusted local partner To make the transition to business in Jakarta as easy as possible, it is important to work with a trusted local partner. Be it a close friend, a partner, a family member or an agent, you should make sure you trust them 100%. They will serve you as a local partner or local candidate, depending on the type of business you operate.
A local partner will manage the business with you and the business ownership will be shared between you. A local candidate, on the other hand, is used if the business area you enter is on the list of negative investments. In this case, the company belongs 100% to Indonesian origin. However, you will have total freedom to control the administration of the company, since you are not officially the owner of the company, you must trust your partner (s), as they may decide to take over the business at any time. .
Be aware of entry barriers As when starting a business in any country, there are many roles that must be respected. In addition to the bureaucracy, you must be willing to invest $ 1 million to obtain BKPM approval for the investment.
In fact, you will need a notarized declaration of $ 300,000 to accumulate the paid capital. The rules and the application of this rule may be a bit lax, but it is not always the case. If you cannot immediately invest $ 300,000, you should start collecting them as soon as possible once your business is active.
Start your small business in Jakarta Remember that it is important to be sensitive to local culture, be tolerant and try to understand local laws. If you sometimes feel frustrated, remember that starting a small business in Jakarta is an incredible opportunity and a business you need to make sure you see it all the way. Also ,read click here