Indonesian Small Business – Setting Up in Indonesia. With an estimated population approaching 250 million, a swelling middle class of around 45 million people and an economy soon expected to join the trillion dollar club, Indonesia’s economic potential is significant. Indonesia, already the largest economy in Southeast Asia, is projected to be the world’s 7th largest economy by 2030. Indonesia’s middle or ‘consuming’ class now numbers around to increase to 135 million by 2030. There is a rising Indonesian demand for consumer goods and services, particularly in education, finance, healthcare, ICT and tourism related business. Right now, aspiring entrepreneurs all across the country are planning their paths to business ownership. If you think you’re ready to start your business, here’s a an overview of resources you may need to use in order to make it happen
Indonesian Small Business Setup – Banks
Banks in Indonesia. While many entrepreneurs put their own money into their new companies, it’s very possible that you’ll need financial assistance. A commercial loan through a bank is a good starting point, although these are often difficult to secure. The following banks provide full banking services in Indonesia:
- Bank Negara Indonesia – State-owned bank
- Bank Rakyat Indonesia – State-owned bank
- PT Bank Tabungan Negara (Persero) – State-owned bank
- Bank Mandiri – State-owned bank
- Bank Central Asia (BCA) – Forex, all aspects of banking
- Bank CIMB Niaga – Forex, all aspects of banking
- Bank Danamon – Forex, all aspects of banking
- Bank Permata – Forex, all aspects of banking
- Bank Pan Indonesia – Forex, all aspects of banking
Indonesian Government, Business and Trade
Indonesia Government, Business and Trade. To become an officially recognized business entity, you must register with the government. Corporations will need a document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, or the name you’ve come up with for your company. The Indonesian Government, Business and Trade organisations are:
- Indonesian Investment Coordinating Board – www5.bkpm.go.id
- TradeIndonesia.com – www.tradeindonesia.com
News and Media in Indonesia
Media – Indonesia Small Business. Newspapers and Radio News
- The Jakarta Post – www.thejakartapost.com
- Tempo Interaktif – www.tempo.co
Indonesia and ASEAN – Asia (AEC)
Indonesia ASEAN – Ten Countries (AEC) which comprises of all the major nations in Southeast Asia. The goal of establishing Asean Economic Community (AEC) is to transform the region into a single market and production base with a highly competitive advantage to make it a stable and prosperous region. The countries are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. You can find 20+ more countries in Asia information by following the link. Return to our Brunei, Indonesia, Malaysia, Philippines, Singapore main page to find more regions and posts about entrepreneurs and small business in Asia and around the world.
If you liked this post, you may also be interested in reading:
– Doing Business in Indonesia
– 17 Cool Young Indonesian Entrepreneurs under 30
– Indonesia Franchise Opportunity
– Indonesia Jobs for Foreigners
– Indonesia Online Video Marketing Guide
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