Lily has been my consultant for almost ten years. In 2012 I entered her office, with my little notebook, after my father had invited me to review my situation as a backpacking scuba instructor, and inspired me to become an entrepreneur, overnight. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
Somehow I believed it was possible, and the traveling scuba instructor with holes in her pockets found a way to build up a tiny empire on a tropical island, off Bali. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
If they tell you you can’t do it, it’ already been done. You don’t have the qualifications for it. You don’t have the investment. You have a mortgage to pay. Your … What else? Whatever they tell you, never listen, well… listen, of course. But most importantly listen to what your gut is telling you. Because if you believe you can do it, then that means you will do absolutely everything to do it, and that’s when you will. Go in with a LOT of passion! That means you are on the right way!⠀⠀⠀⠀⠀⠀⠀⠀⠀
I told Lily, I’d like to open my own business. I had visited three other consultants offices. Because I always ask a second opinion, and then just to make extra sure, well certainly a third opinion, and if available, a fourth. Because let’ face it, when you are doing business in Indonesia, you’ll often be choosing the best of the worst, as some would say.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Here things are done slightly differently, and when doing business here, you need to be able to cope with that, most importantly with a smile! Humour is the secret to not going cuckoo. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
Lily’s English was excellent, and she explained everything so clearly, I had no idea about business at that time, and generally speaking, I didn’t get anything she told me but wrote everything down in my little notebook, and I liked her energy.⠀⠀⠀⠀⠀⠀⠀⠀⠀
I believe life is about energy
How to invest in Indonesia?
Lily tell us about your story, your company is called lily consultants, it’s in Lombok.
How did you end up being such a wonder woman in Indonesia?
Hi, my name is lily so i am a founder of lily consultant actually so daily consultant established 12 years ago. The first time a lot of friends were asking for help from me, but at that time I didn’t have enough money to set up the company. I started to help them personally, without any company but after that my friends helped me to set up the company, because a lot of people asking me for help. Then I started.
Then I started as a real consultant. From then, I’ve been working hard, trying all opportunities to grow this company.
You did such a wonderful job!
Lily is a consultant, which means you can ask her anything you want. She has all the information, and you can just pick her brain. That’s what I’ve been doing for the past 10 years. Please Lily, let me pick your brain.
If people want to open a dive shop, or a yoga studio? What would the procedure be?
Based on the Indonesian regulation, the safest way to set up the business in Indonesia to start, is to have a foreign investment company or we call PMA.
First you have to make a plan first of you what is your plan, so then for example your plan is to set up the diving company or yoga company so for diving and yoga, the regulation is 51/49.
– 51% local
– 49% western.
You give us the copy of your ID including your local partner’s ID. Including your agreement between you, and your partner.
Then we will apply and ask your company name to the system of the government. When the system approves your company name, we start to set up the company. We prepare the notary deed.
What about accommodation?
The procedure is the same, but the percentage for accommodation is 100%, and that can be only western.
What about beach club and restaurant?
Beach club and restaurant also same the price, the procedure is same, and the percentage is percent also for the western.
If we go into something completely different, for example,
Import- Export ?
Import- export also the same, that is hundred percent, but you need a special permit. We call that the special permit for customs.
How much does the PMA cost?
That depends on the business. Because of the new regulation for the minimum investment.
You can you can see on the new regulation, 10 billion rupiah is the the minimum investment capital. The cost is approximately from 35 to 50 million, this is for the all permit complete permit.
What about the extra paperwork for the import export, how much would that cost?
Depends on if you want to do for personal or for company, this is like 5 million to 25 million, approximately.
Top Three Foreign Investment Companies?
- Personal and company bank account
- Company setup
- Try it, go on, never give up
- Ask your friends
- Be brave