Foreign investors who want to start a business in Indonesia have several regions they can focus on, each with its own advantages. One of the most prolific Indonesian islands is Bali, known mostly as an important tourism hub in the Southeast Asian region.
If you want to start a business in Bali, you have several industries to choose from, most notably tourism but also e-commerce, manufacturing, and others. Our company formation consultants in Indonesia can help you register any type of business in Bali.
Bali is a very popular tourist attraction. If you wish to know more about how to immigrate to Indonesia, or if relocating here is ideal for you, our team can answer your questions.
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Is the process of opening a company in Bali the same as throughout Indonesia?
Company formation in Bali follows the same principles as in the rest of the country. This means that founders are still required to obtain a business registration number using the Online Single Submission (OSS) system and will follow the same principles for the foreign-owned company (see below for more details on this business form).
A company in Bali will have its registered office based in this Indonesian province. While company registration is centralized in Indonesia (according to the OSS system), special permits and licenses are issued at a local level. We suggest getting in touch with our agents who specialize in company formation in Indonesia who can answer questions about local requirements in the Bali province.
Company formation steps in Bali
Company formation in Indonesia is a multi-step process. The difference between incorporations in the case of local investors and foreign ones is that the latter will commonly choose the foreign-owned company, the PT PMA.
The local company in Indonesia is local-owned which means that for foreign investments in Indonesia the accessible business form is the foreign-owned company. The differences between the two can be summarized upon request by our Indonesian company formation agents. Below, our team lists some of the key steps to open a business in Bali:
- Choose the business form: as previously mentioned, this will be the PT PMA in the case of foreign investors;
- Select the company name: the name of the new business has to be available; the trade name and the brand name do not have to be identical;
- Prepare the documents: these can be drafted with the help of our local incorporation agents and include the Articles of Incorporation;
- Register the business: all companies are duly registered with the authority responsible for keeping the records of registered companies and company information.
An important requirement for the PT PMA company in Bali is the minimum share capital: an initial investment of USD 7000.000 is mandatory, irrespective of the type of business activity you want to start up in Indonesia. Our business consultant in Bali can give you more details.
Foreign investors who enter the country for temporary purposes, such as to open a company in Indonesia, can apply subject an online application for the ITAS – the permit that allows them to stay for a limited time in the country.
Those who want to open companies in Bali will need company formation services from Indonesian agents, as the requirements for them are slightly different than those for local entrepreneurs. It is not mandatory to immigrate to Indonesia as an entrepreneur, however, it is possible in Bali.
Company formation services in Bali
According to the Commercial Law of Indonesia, foreign investors can set up businesses under the form of foreign-owned limited liability companies (PT PMA) or in partnership with local investors. Most of the time, they will prefer the PT PMA for which they will need company formation services in Bali.
Among the services offered by our company formation consultants in Bali are:
- drafting the company registration documents;
- opening the bank account for depositing the share capital;
- filing the incorporation documents with the Trade Register;
- tax and GST registration;
- accounting services;
- assistance in obtaining the business license.
Upon request, our consultants in Indonesia offer virtual office services in Bali. The virtual office can be an advantageous alternative to the traditional rented office space, as it can be used as needed and can therefore provide important overhead cuts.
Reasons to open a company in Bali
Bali is a province located in the western part of the Lesser Sunda Islands, east of Java. It includes the island of Bali, as well as several smaller islands.
While Bali is only one of the country’s thousands of islands, it is a booming tourism destination, famous for its natural beauty and a focus on spiritual practices. According to JakartaGlobe, Bali’s economy continued to expand in 2024. Some of the data is summarized below by our business consultant in Bali:
- The year-on-year growth for the fourth quarter of 2024 was 519 percent for Bali’s economy;
- In 2024 alone, Bali’s economy grew by 5.48%, compared to 2023;
- Most of the growth was driven by strong investments and the general export activity;
- This is 5.02 percent higher than the national average;
- Bali is the 10th fastest growing province among the 38 regions in the country.
If you are interested in Indonesia company incorporation services in Bali, please feel free to contact us.