Starting a business in Indonesia can be overwhelming, especially when it comes to navigating the bureaucratic process. One of the crucial steps for businesses in Indonesia is to register themselves with the Master List at BPKM.
Master List BPKM stands for Daftar Induk Badan Usaha Milik Orang Asing (DIBU). It is a list of all Foreign-owned businesses in Indonesia that is maintained by the Indonesian Investment Coordinating Board (BKPM). The Master List BPKM is a crucial part of the investment process in Indonesia. All Foreign-owned businesses must register with the Master List BPKM before they can operate legally in Indonesia. This registration process is mandatory, and businesses that fail to register can face severe penalties.
Why Should You Register Your Business with Master List BPKM ?
Registering your business with Master List BPKM provides several benefits. Firstly, it allows your business to apply for all necessary licenses and permits needed to operate in Indonesia. Without registration, your business will not be able to acquire the necessary licenses and permits, which can result in fines or even closure of operations.
Secondly, registering your business with Master List BPKM shows your commitment to complying with Indonesian laws and regulations. This can help build trust and credibility with your customers, suppliers, and partners.
To be eligible for Master List BPKM Incentives, your business must meet several requirements. Firstly, it must be a foreign-owned business that plans to operate in Indonesia under Manufacturing. Secondly, your business must comply with all Indonesian laws and regulations, including Tax Laws, Labor Laws, and Environmental Laws. Finally, your business must have a clear business plan that outlines its activities, goals, and objectives.
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