BINKA Consulting

1. Start a Business in Indonesia When you want to Start a Business In Indonesia, of course, you will look for a region or country that has human resources, as well as the licensing process, and Indonesia is one of the countries that is targeted by many foreign investors. Due to the potential of the Indonesian state to invest, the operational costs are quite cheap. Especially with the regulations that have been issued by the Omnibus Law. But did you know that Indonesia is not an easy country to organize a new company or to play an active role in the business field? This situation is listed in the Doing Business index ranking report 2018 published by the World Bank. In the report, Indonesia is currently in position 72. One of the biggest problems in Start a Business In Indonesia is getting all the necessary permits.

2. Building Relationships if you are going to Start a Business in Indonesia Given that the licensing process can take a long time and be expensive, and for everything to run smoothly and successfully develop Start a Business In Indonesia, it is very important to start building good networks with business people and the government in Indonesia. When they want to Start a Business In Indonesia, foreign entrepreneurs must be aware of the interests of this network and strive to develop it, to get business relationships that can help with the licensing process and company establishment. The good news is that currently building these business networks/relationships is not difficult because foreign entrepreneurs or foreign investors are attractive parties to Indonesians. It is highly recommended to explore cultural values first to find out how to socialize with Indonesian business partners and employees and to understand the 'business culture' in Indonesia. This will make your business more efficient and effective in the long run. An abundant commodity in Indonesia Indonesia has abundant commodities such as coal, gold, and gas. But the side effect is the dependence of the country on raw commodities for export activities. The development of the downstream industry is still lacking even though the Indonesian central government is currently working to encourage the development of this downstream industry. This is very important as information if you want to Start a Business In Indonesia

3. Minimizing Risk Start a Business In Indonesia Start a Business In Indonesia is a promising country from a macroeconomic perspective. But this country also has more risks than investing in a developed country. This is due to the political, social, and cultural dynamics that occur in this country. This section aims to provide insights into the barriers to investment in Indonesia and hopes to help understand Indonesia better, thereby reducing the likelihood of investment failures. Foreign investors For foreign investors who wish to Start a Business In Indonesia, it is necessary to explore information and cooperation related to foreign direct investment in Indonesia, particularly the formation of a legal entity that is required to start doing business or marketing foreign products/services in Indonesia. It is better if you need to focus on the process of establishing a Limited Liability Company for Foreign Investment, abbreviated as PT PMA, and the Representative Office of a Foreign Company, abbreviated as KPPA). Operational Licenses & Permits For foreign entrepreneurs who want to Start a Business In Indonesia, managing a business license is indispensable for business activities by small and medium enterprises as well as large scale businesses. Having a business license aims to identify your business and its operations as legitimate and authorized by regulatory authorities. Business licenses are issued by the Investment Coordinating Board (BKPM) or the Regional Investment Coordinating Board (BKPMD) to companies established within the framework of foreign investment companies (PMA). A business license is issued as an operating license to carry out commercial business activities in the trade of goods and services.

4. There are two main licenses when it comes to combining foreign-owned companies in Indonesia - Principle Permit (Principle) and Permanent Business Permit (IUT). Principal permission is received during the establishment process and you are permitted to start investing in Indonesia. A permanent business license means that it has completed preparations and is now fully Start a Business In Indonesia. Other Business Permits When an investor is going to Start a Business In Indonesia, it is necessary to have a Trading Business License / Trading Business Permit (SIUP). Starting a business in Indonesia requires a trading business license known as SIUP. This license is required only for companies engaged in any type of trading business. This license is considered an operational license and is required to obtain bank loans and participate in government tenders. Industrial Business License (IUI) Starting a business in Indonesia for industrial companies located in industrial estates must have an Industrial Business License called IUI. This permit will also double as an operational permit and will be deemed invalid if the IUI holder ceases industrial operations. Construction Services Business License (IUJK) Starting a business in Indonesia A Construction Services Permit (IUJK) is required for companies engaged in the construction business or participating in any tender in Indonesia.

5. Mining Business License / (IUP) Starting a business in Indonesia need mining Business Permit / IUP is for companies engaged in mining/tender activities and requires one permit (IUP) per type of coal or mineral per company. IUP is regulated by the Ministry of Energy and Minerals. We are here to provide solutions for you! Lots of foreign nationals who are involved in the business world who come to Indonesia Starting a business in Indonesia specifically come to see us the BINKA Consulting team. BINKA Consulting provides a complete package for valid 100% Approval of Foreign Investment and Private Limited Company Establishment (PT) including work and residence permits for foreigners Starting a business in Indonesia. We are willing to help you and aim to ensure minimum cost and efficient time especially we provide for all our clients. Because we are a trusted partner for those of you who want to start a business in Indonesia but are still confused about business licensing,

6. location, and so on. We understand your difficulties, especially for those of you who have just visited Indonesia in Starting a business in Indonesia. We also understand your difficulties because we are a team of experienced professionals in handling a lot of business people from abroad when Starting a business in Indonesia. The permit processing process does not take a long time and is expensive, please come and meet us so that we can solve all your problems. BINKA Consulting has been established for a dozen years and has been trusted by our partners to take care of all business and licensing processes Starting a business in Indonesia, especially for foreign investors and foreign businesspeople. Do not hesitate to consult first before deciding and we provide free consultancy during the processing process until the permit letters are complete and you receive them well, and we professionally do everything. Don't hesitate anymore, immediately contact us now via the contact below:

7. CONTACT DETAILS If you have any queries about your project, feel free to contact us on the below information !! We will get back soon within 24 hours to you !! Find us Jl. Danau Sunter Utara, Karya Utara 4, Blok G2 / 24, Sunter Agung, North Jakarta - 14350, INDONESIA Website: www.bnk.co.id Call us today (+6221) 6505522, 65300481 Whatsapp: +62812 8855 8856 Email us now hello@bnk.co.id