Laporan Kegiatan Penanaman Modal (LKPM) stands for the Investment Activity Report in Indonesia. Investment Coordinating Board (BKPM) expects to receive a report about your company’s investments once per quarter or bi-annually depending on the operational status of your company. LKPM reporting is required for companies investing more than IDR 10 billion, which means for all […]

The value-added tax (VAT) applies to certain goods and services sold in Indonesia. When should you register as a VAT-liable company in Indonesia? How to start reporting your liabilities?  Doing taxes is a fundamental part of successfully operating a business in Indonesia. Hence, we decided to answer the most frequently asked questions about VAT along […]

Buying property is one of the most common ways for Indonesians to protect and increase the value of their assets. Like any big industry, it attracts professional companies, amateurs looking to turn a quick profit and straight up scammers alike. In this article, we’ll give you a step by step guide to how to make […]

Most goods imported to Indonesia are subject to import duty. What are the prerequisites of becoming an importer in Indonesia, which import taxes apply, and how to calculate customs duty and import tax in Indonesia? Customs duty and import taxes in Indonesia The applicable import duties depend on the type of product you want to […]

Vietnam allows full foreign ownership in most business lines. However, in some cases, it would be a strategic decision to set up a local company in Vietnam instead of opting for 100% foreign ownership. What is a local company in Vietnam, and why consider setting one up? This article will explain the key things you […]

Vietnam is the third largest market in Southeast Asia and one of the fastest-growing economies in the world. Its young population and robust consumer spending provide lucrative opportunities for many types of businesses. Particularly for those who are selling consumer goods. How to enter Vietnam’s wholesale and retail market, and what are the requirements for […]

Did you know that in Indonesia, businesses with even 1% of foreign ownership are considered foreign companies (PT PMA)? In this article, you will find a full overview of foreign-owned company registration in Indonesia, including: Foreign ownership limitations Minimum paid-up capital and other requirements The step-by-step process of setting up a PT PMA Alternatives to […]

At last, the answer to the question ‘Can one person own a corporation in the Philippines?’ is yes. With the implementation of the Revised Corporation Code (Republic Act No. 11232), the Philippines now allows the establishment of One Person Corporations (OPC). Who can register it, and what are the key benefits, requirements, and restrictions? In […]

Ramadan is the most important month of the Islamic calendar during which Muslims fast from dawn to dusk. Indonesia has the largest Muslim population in the world and consequently, Ramadan affects the everyday life of many Indonesians as well as its businesses. But does Ramadan affect doing business in Bali? In this article, we will […]

Ramadan is the Holy Month for Muslims during which they forgo eating and drinking from dawn to dusk. It is a serious religious undertaking that impacts the daily routine of many Indonesians. One of the common misperceptions, usually among newer expatriate business managers, is that the business stops during that time or that it’s followed […]