If you are planning to open a business in Bali, then it can be fraught with mistakes, problems and costly errors. Many of these issues arise from not using LetsMoveIndonesia and using less experienced non-professional competitors; therefore, if you want to ensure you don’t make any mistakes when opening a business in Bali, then LetsMoveIndonesia should be your first port of call!
As the recent winners of “The Most Trusted Visa & Legal Agency in Indonesia” awarded by the Indonesian Awards Magazine, your first do is contact LetsMoveIndonesia when you are planning to open a business in Bali, so we can provide you with accurate and individualistic information.
LetsMoveIndonesia was the first agency in Bali to openly advertise our legal prices for helping assist people to register a company in Bali and our price is often more than half the price of our less experienced predecessors! Therefore, your first Do when opening a business in Bali is to contact LetsMoveIndonesia, and book your FREE 1-Hour Consultation. Come visit us in any of our offices in Seminyak, Canggu or Sanur and get precise, accurate and honest information.
Now for the rest of the do’s and don’ts when opening a business in Bali!
Choosing the wrong business type when registering a company in Bali
People often misunderstand Business Classification when registering a company, where a specific classification cannot do certain business activities or transactions etc.
To prevent this mistake, you should work with an experienced Legal Associate who is familiar with classifications and business needs.
Inexperienced advisors may pick the wrong business classifications which can restrict your business activities. Contact LetsMoveIndonesia to ensure you are not limited by other people’s mistakes.
Do not have a registered office address in Bali
If your business is located in Bali, then you should have a registered office address in Bali. Without an office address, you will not be able to open your business.
Additional notes to remember are that some businesses require actual offices, whilst others can be registered using a virtual office. The office you choose will be based on the legal entity you set up and its classification.
If you set up a business and do not choose the right office for your business classification, you may find that you are unable to obtain additional licenses or do certain trading. Therefore, you must register the right office type.
Additionally, if you need a virtual office, you can use LetsMoveIndonesia’s Virtual Office Solution.
Getting the wrong visa for foreigner investors
Depending on your job role within the business or whether you are an investor/have share allocation, will affect what type of visa you can obtain.
If you do not have shares then you will need to use a Working KITAS.
If you are an investor with over 1,000,000,000 IDR invested, then you should obtain an Investor KITAS.
When setting up the business, ensure you are confident and clear about who the investors and roles will be. Changing the roles at a later date will incur expensive costs.
Not appointing a resident director
A company registered in Indonesia should at least have one director resident here in Indonesia. For legal, Tax, Accounting, and Investment report purposes.
Thinking that it is mandatory to have an Indonesian director
Especially as PMA, a Company doesn’t have to hire an Indonesian director of the company as long as there is at least one director resident here in Indonesia. For legal, Tax, Accounting, and Investment report purposes.
Not doing enough market research before registering a company in Bali
As with any business, you could lose all of your investment and even go bankrupt if you do not do enough market research before opening your business in Bali.
Additionally, if you work with a Legal Partner who does not provide you with accurate and professional advice, you could find yourself in legal hot water.
With so many unprofessional agencies in Bali, there honestly has never been a more important time to work with a reliable agency that has experience.
As the most famous agency in Indonesia and the market leader in helping foreigners set up businesses, we successfully assist dozens of people to register their businesses every month.
We also have tax professionals and immigration experts in every office who can ensure you make informed decisions before investing.
If you want to work with the best agency in Bali, then contact our team for a free consultation here! 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
