Running a business in Bali could be one of the most exciting and momentous moments in your life. With a plethora of interesting business opportunities available, a creative hub of inspiration and a recurring exchange of foreigners entering and exiting frequently, opening a business in Bali is filled with potential business opportunities for those brave enough to take the plunge.
In this article, LetsMoveIndonesia answers some of your most common questions about opening a business in Bali!
What types of businesses can you open in Bali?
With an international culture that is constantly shifting and changing, bringing with it a vast array of people, and businesses that you can open to change frequently with the trends.
Many expatriates choose to work in tourism industries, such as yoga retreats, villa rentals, entertainment, life coaching, restaurants and bars to name a few.
Most business fields are open to foreigners, although some are restricted. To find out whether your business idea is available for foreign investment, then ask the LetsMoveIndonesia team.
What is the right procedure to register a company?
To register a company you need to have at least two shareholders and two people acting as Directors and Commissioners. Please note that the shareholders can also be Directors or Commissioners.
You need to register the Company with the Notary to get your Company’s Article of Association (Deed of Establishment) Akta Pendirian Perusahaan. After that, you need to get a Business License for the Company.
To get your business up and running, simply contact the LetsMoveIndonesia team!
Registering a business in Bali
There are a few different business entities you can register in Bali, they are as follows:
Bali PMA Company Registration
A PMA is intended for Foreigners that are willing to start a business in Bali and register their business as a company.
As a PMA you could have up to 100% ownership of the Company. It is the most common business type for foreigners. Please note, that some business fields only allow partial ownership or are unavailable for foreigners – for example, in industries like mining.
PT Company Registration in Bali
A PT is intended for Indonesian citizens that are willing to start a business in Bali and register their business as a company.
As a PT you should only have a Local as the owner(s) of the Company.
A PT can hire Foreigners to work within the Company with certain requirements.
Renting Virtual Office in Bali
Most Companies can use a Virtual Office as their official company address; however, this depends on the business fields. LetsMoveIndonesia offers Virtual Office solutions for only 5,500,000 IDR per year.
KPPA or Representative Office in Bali
For foreigners that are looking to do research into whether Bali is a good place to open a business, you may consider opening a representative office. This business entity does not allow you to earn an income within the country but does allow you to live and work legally. If you decide to start earning, then you can transfer the business type to a PMA.
The requirements to register a company in Bali
To register a PT, you require a minimum of 50 Million IDR to invest. You also require two Indonesian citizens to act as shareholders.
Registering a PMA requires you a minimum of 10 Billion IDR to invest. You also require 2 shareholders, one of which must be foreign.
Other requirements include a business address, identification and name of the company.
Register a bank account for your business
After you legally register a Company in Indonesia, you can open a company bank account to make it easier to control your business cash flows.
Why register a business in Bali with LetsMoveIndonesia
Before LetsMoveIndonesia our predecessors charged between 50 – 100 million IDR to register a PMA in Bali. Prices were hidden and chosen depending on the individual.
When LetsMoveIndonesia opened our first Bali office in 2020, we were the first agency to openly advertise our prices transparently. Our prices were usually more than half of any of our competitors and our customers saved millions! Our price point is the same as what it is in Jakarta ensuring we offer the same service levels nationally.
Once we advertised our prices openly and everyone chose to work with LetsMoveIndonesia, our competitors had no choice but to reduce their prices to more affordable levels. It is clear that without LetsMoveIndonesia’s ethical and transparent values, our competitors would still be ripping you off.
Since opening our first office in Seminyak Bali, we have since opened two further offices in Sanur and Canggu. We have more actual offices than any other Bali agency, meaning we are easier to reach and communicate with,
LetsMoveIndonesia –Indonesia’s Most Trusted Agency and the agency that has singlehandedly improved expatriate services since 2016 across the country.
To get a free consultation, contact the team! WA: +62 812 9260 0590, T: +62 21 300 297 27 (Jakarta) T: +62 361 934 8343 (Seminyak) T: +62 361 939 9406 (Canggu), T: +62 361 280 789 (Sanur), E-mail: info@letsmoveindonesia.com
For all things related to registering a business in Bali, check out our Company Registration Bali page!
Found this article interesting? Then check out these useful guides about Company Registration in Indonesia!
Company registration in Indonesia – Your Complete Guide
Set up a business in Bali with LetsMoveIndonesia and save money!
Company Establishment – Now available in only 2 weeks!
Company Establishment in Indonesia – Your questions answered
How to revise your Company Documents in Indonesia
How to set up a business in Indonesia
Registering a Trademark in Indonesia – How to protect your business
