How to Start a Business in Bali

Start Business in Bali

Bali is an excellent place to run a business. Here’s how to start your business in the Island of Gods.

Thinking about starting a business in the Island of Gods? You’re on a promising path: With a growing economy (the 13 largest in the region), a tax advantage over small businesses in some other region, access to several startup hubs and more, Bali is an excellent place to grow your company.

Here are some benefits of doing business in Bali, and tips for getting started.

Benefits of starting a business in Bali

There are several benefits to starting a business in Bali, including:

You can have peace-of-mind when you locate your business in Bali. The region favorable business tax structure, government policies and competitive costs make planning for future growth easy.

Bali offers many investment capitalists and angel investors for entrepreneurs looking to launch their business. This easy access to capital makes the startup process much simpler for budding business owners in the nation.

Tourists visiting Bali during high seasons works in favor of Bali business owners. An influx in tourists means an increase in revenue and opportunity for growth. However, this can also mean “off seasons” where you don’t earn as much profit, which is why it’s important to distribute your revenue throughout the year so you’re not left scrambling.

Achieve work-life balance in the region that’s known for great weather, recreation and culture – and also offers the affordable cost of living that allows you to enjoy it all.

What are the steps to starting a business in Bali as Foreigners?

Basic steps to starting a business in Bali are as follows:

  1. Decide on a business structure
  2. Choose a business name.
  3. Register your business with the state.
  4. Open a company checking account and credit card to pay all expenses with.
  5. Get all the necessary business licenses and permits.
  6. Learn about annual and ongoing requirements for your business structure, such as how long it will be valid for and what kind of paperwork you’ll need to file with the Government.

Common questions about starting a business in Bali

Following are some frequently asked questions about opening a business in the Island of Gods:

What business licenses are required?

How do I register as an PT PMA?

The business registration process consists of:

1. Apply for a temporary permit

2. Register for investment at the Investment Coordinating Board (BKPM)

When registering with the Investment Coordinating Board (BKPM), prepare the following documents:

3. Apply for a principle license for PT. PMA

After the registration is accepted, the company that will establish PT. PMA must also prepare documents for a principle license consisting of:

Together with the files above prepare too:

All documents that have been collected and transferred can be uploaded to the official website of BKPM. In approximately 12 weeks there will be an official response.

4. Apply for a business license

Prepare documents in accordance with 20 Perka BKPM 2009. Documents consist of LHPP, copy of company establishment deed, registration records, copy of NPWP, proof of land use, copy of IMB, UUG / SITU, copy of LKPM, and copy of AMDAL.

What else can I do to make my small business a success?

Lean on your local resources. Bali SCORE is a great starting place that has local chapters throughout the state. SCORE volunteers consist of business experts who provide business counseling services to companies in need in the form of workshops and one-on-one sessions.

IndSight — aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

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