Setting Up Company in Indonesia Could Be Much Easier Now
Sick of bureaucratic red tapes in Indonesia? Now with a new initiative from Indonesia’s Ministry of Administrative Reform and Bureaucratic Reform, registering a company will supposedly take a mere 6 days versus the 17 weeks that many businesses are accustomed to (although our experts indicate the latter still being the norm.).
The 6 days timeframe should allow a business to tie up administrative paper work from various agencies such as Human Rights Ministry, Trade Ministry, Manpower and Transmigration Ministry and the Social Management Agency.
Saving all that time is definitely a boon for businesses looking to set up shop in Indonesia. There also seems to be other improvements like online tools and directories that should make business registration a relative breeze. We have not seen this taken effect yet but any saving in setup time is definitely welcome.
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