new regulations in indonesia make investment faster & clearer

Category : Adventure | Posted On Apr 11, 2016

A recently report by the media on the regulations have influenced some fear regarding developing & investing in a business in Indonesia. One must agree that the regulations covering new work permit & mandatory usage of rupiah are justified. However we strongly believe that critics are just not being fair with the other regulations and giving them the attention they deserve. Indonesia currently ranks at 114th out of 189 Countries according to World Banks's IEQ March 2015 report for the countries comfortable for business. Any sane mind can understand this isn't something that is going to attract investors to invest in Indonesia. Indonesia has always been around this position the improvement trend has been since 2009 when the rank moved up to 117th to 114th. Ease of doing business index Southeast Asia

Efficient time to register PT PMA Business in Indonesia

One of the major contributing factors of ranking this low at the index is the wait time of license processing to start a business. Just for the sake of example, a manufacturing business takes on 800 days on an average by law in Indonesia and this doesn't include the time to actually start the business. But that's all in the past now, the recent reform of regulations in 2014 has cut down this wait to just 45 days or 1.5 months. The credit goes to BKPM which centralize the company registration process. They have also introduce an online monitoring service for investor to monitor the progress plus the steps they need to take to start the business.
This has been said, you can purschase a property in Indonesia with your foreign company. How ever, you won't be able to do real estate buisness with it. It should be part of the asset of your company.  

Positive Changes in the Corporate Environment in Indonesia

These new reforms are a sign that government is taking a keen interest in making investment license process convenient. From new regulations it is also being hoped that President Joko Widodo will continuously improve the license process to attract the foreign investors. President has also announced a series for reformations in streamlining trade & Industry regulations and simplifying the law for foreigners to open their bank accounts in foreign currencies. The new reforms are nothing but an surety for the foreign investors as it has less loop holes and a clear information available to them for what they are investing in to. PT PMA company registration

Steps to register a PT PMA company,

If you need more details to buy a property for your business in Indonesia, you can contact kibarerproperty.

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