To start a foreign business in Jakarta is perhaps one of the popular choices for companies to expand their market reach. This is especially true for businesses that initially operates in a developed country. By bringing their technology and knowledge, there are a lot of opportunities in Jakarta. This is evident by the number of foreign companies operating in the country.
Indonesia is one of the developing countries that have a lot of potentials. The country has rich natural resources with relatively low costs and much labour. Moreover, the country is a developing country, which means that opportunity exists. Any products and services which requires low technology have a chance to thrive. These reasons make it lucrative for entrepreneurs to start a foreign business in Jakarta.
Business Environment in Jakarta
Jakarta, a city with around 17 million population, have a great business environment. The city is buzzing with business opportunities and entrepreneurs. Recently, there is a significant increase in businesses due to a digital wave that transpires across the country. The internet acting as a platform helps create simplicity for entrepreneurs.
In the past, there are a lot of legal steps that entrepreneurs need to start a business. Moreover, to sell a product and service, entrepreneurs require a physical place to market their goods. Today, with the rapid growth of the internet, everything is accessible. Entrepreneurs can utilize online platforms to put their products on the internet to reach a large market population.
Therefore, in a way, anyone can become an entrepreneur. The presence of micro-businesses will create a demand for raw materials that drive economic growth. This is also the reason why Indonesia’s economy has been growing in recent years. Consequently, this condition also benefits foreign entrepreneurs. Foreign entrepreneurs looking to start a foreign business in Jakarta will have a lot of business options.
Start a Foreign Business in Jakarta
Starting a company in an unfamiliar country may sound daunting. However, considering the target country has a lot of opportunities, it is a risk worth taking. When starting a business, entrepreneurs must first understand the local laws and regulations. This is to avoid any misconduct and possible hiccups in the middle of business operations.
The next step to start a foreign business is to prepare legal documents as well as capital. The legal documents are crucial to let the local government validate the individual and company. The government needs to validate to guard against fluke companies doing illicit activities. The legal documents are usually identification documents as well as financial proof.
The government expects foreign entrepreneurs that start a foreign business to invest in the country. Thus, foreign entrepreneurs must also prepare an organizational structure as well as a solid business plan. A business plan is essential when the company establishment is in process. Entrepreneurs will have to select business codes that will allow their company to operate in the industry.
However, document processing is usually confusing. It is because the local law is not very clear. Most foreign entrepreneurs need to find a trustable service provider. A trustable service provider will help to process and advise on foreign entrepreneurship. This way, the process to start a foreign business in Jakarta is smooth and secure.
For companies looking to incorporating a PT PMA in Indonesia, MESO can be their solution. MESO offers an all-in-one solution starting from legal services to providing private office and virtual office service. Contact us through our website or send us an e-mail. Feel free to reach out to MESO at our Whatsapp number +62812-1315-4189.