PRIME Consultancy brings plenty of crucial experience to the table when foreign investors assign us for setting up their business in Indonesia. We can help and support investors with our vast expertise and inside-out knowledge in any stage of a company establishment.
It is a pity that company establishments in Indonesian still face severe struggles and severe bureaucratic hurdles despite all frequently report efforts of the government about trying to ease regulations and simplifying investment processes. Besides the Online Single Submission system (OSS) nothing much was implemented so far and therefore a thorough conventional approach is more than ever before needed.
Still, many details about a new entity need to be decided and declared right from the beginning. Plenty of documents of the designated shareholders have to be collected or newly created. In some cases, investors are surprised to face a chicken-and-egg dilemma already when filling out application forms. One of them is that they are already confronted with the need of having to provide detailed information about their office setup, while the investor expects to engage in searching for an office only after the establishment of the entity is complete. Similarly information about the planned management team of directors and commissioners is needed at a very early stage of the company establishment – far earlier than intended in many initial business plans. So these examples are typical hurdles of an investment process that are too often overlooked, leading to a loss of time and money. What seems easy at first glance can turn out to be complicated very quickly if not planned and advised well ahead.
Our experience over the years setting up companies and representative offices with a competent implementation team that has a good reach into the Investment Board BKPM, notaries and tax offices ensures that the needs of our clients are attended to at all times during such establishments. We are the only counterpart needed by the foreign investor and can reach out for all matters to the right institutions and specialists when needed.
By the way, many times when we discuss the framework of setting up entities such evaluations lead to much better recommendations if a representative office or a limited liability company is the better choice for the investor. Such evaluations might even lead to business hosting models using the service of a third party, instead of setting up an own entity. Since PRIME Consultancy is a neutral market insider with lots of experience, our analysis can be very valuable when making extremely important decisions about market entry strategies such as establishing of new entities.
Feel free to get in touch with us for matters of your concern about:
• Market Entry and Development Research• Company Establishment (Limited Liability/PMA)
• Bank Account Opening
• Market Analysis Research
• Company Representation
• Corporate Administration Services
• Interim Management
• Recruitment & HR Development
• Fintech Investment Review Studies