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NUS and
CONTACT | GREENHOUSE Greenhouse is a tech platform, that functions as a middleman between you and qualified service providers across Asia Pacific, but we don’t actually execute the purchased service. Your chosen service provider does. However, we follow the progress of your case from start to finish to ensure you have the best experience possible with theservice
GREEN BUILDINGS: WHAT THEY ARE AND HOW TO IMPLEMENT THEMSEE MORE ONGREENHOUSE.CO
STARTUP ECOSYSTEM IN INDONESIA: INGREDIENTS, CHALLENGES The reasons for this high ranking are the following: Jakarta’s ecosystem value is estimated at $26.3B, positioning the city as the world’s most valuable emerging ecosystem. Under the category of total early-stage funding, Jakarta has attracted the most INDONESIA’S ONLINE SINGLE SUBMISSION (OSS): 2021 ULTIMATE The Online Single Submission (OSS) is the Indonesian government’s web-based platform that aims to simplify business licensing in Indonesia. With this platform, the process to get a business license, or Izin Usaha, will only take a few hours, where it previously took several days. The Indonesian government launched the OSS on 9 July2018.
TYPES OF COMPANY REGISTRATION IN INDONESIA 2021 (UPDATED LIST) A state-owned company is a business entity where the Indonesian government is partly, or wholly, involved to conduct commercial activities. PERUM and PERSERO are the main types of BUMN. PERUM. A public company (PERUM) is state-owned. This means that the company’s capital is owned by the Indonesian government, and their focus is onprofits.
KITAS (INDONESIA WORK PERMIT): A COMPLETE GUIDE IN 2021 A KITAS (Kartu Izin Tinggal Terbatas) is an Indonesian government permit that allows foreign nationals to work or stay in Indonesia legally for up to 12 months. It is also commonly referred to as a limited stay permit, work permit, or work visa.GO-JEK STORY
The story of Go-Jek is classical and legendary in the domain of startups business. Learning and understanding Go-Jek is truly inspiring and encouraging because it is a company that represents a true “rags to riches” type of story that is told and retold in the world of competitive business. GO-JEK is a local transport, logisticaland
LOCAL NOMINEE SERVICES IN INDONESIA: THE COMPLETE GUIDE Local nominee commissioners. 1. Local nominee director. A nominee director is a person who acts as director of a particular company in a passive role. In other words, the nominee won’t be involved in managing the company. Also, they won’t be named as signatories forthe
WHAT'S THE MINIMUM CAPITAL FOR FOREIGN COMPANIES IN INDONESIA? This equals about USD 700.000 according to current exchange rates. Also, companies need to report 25 percent of the minimum investment value – at least IDR 2,5 billion or about USD 170.000 – as paid-up capital. More capital-intensive fields like banking, mining, and manufacturing might have to submit a bigger amount. ABOUT | GREENHOUSE TEAM AND FOUNDERS Greenhouse Co-founder. and Greenhouse CEO. Drew comes from Los Angeles, California, where he began his career in digital media and marketing more than 15 years ago. He’s worked with startups and enterprise organizations, having spent nearly a decade with LinkedIn in both the US and Asia. Drew received dual Executive MBA degrees fromNUS and
CONTACT | GREENHOUSE Greenhouse is a tech platform, that functions as a middleman between you and qualified service providers across Asia Pacific, but we don’t actually execute the purchased service. Your chosen service provider does. However, we follow the progress of your case from start to finish to ensure you have the best experience possible with theservice
GREEN BUILDINGS: WHAT THEY ARE AND HOW TO IMPLEMENT THEMSEE MORE ONGREENHOUSE.CO
STARTUP ECOSYSTEM IN INDONESIA: INGREDIENTS, CHALLENGES The reasons for this high ranking are the following: Jakarta’s ecosystem value is estimated at $26.3B, positioning the city as the world’s most valuable emerging ecosystem. Under the category of total early-stage funding, Jakarta has attracted the most INDONESIA’S ONLINE SINGLE SUBMISSION (OSS): 2021 ULTIMATE The Online Single Submission (OSS) is the Indonesian government’s web-based platform that aims to simplify business licensing in Indonesia. With this platform, the process to get a business license, or Izin Usaha, will only take a few hours, where it previously took several days. The Indonesian government launched the OSS on 9 July2018.
TYPES OF COMPANY REGISTRATION IN INDONESIA 2021 (UPDATED LIST) A state-owned company is a business entity where the Indonesian government is partly, or wholly, involved to conduct commercial activities. PERUM and PERSERO are the main types of BUMN. PERUM. A public company (PERUM) is state-owned. This means that the company’s capital is owned by the Indonesian government, and their focus is onprofits.
KITAS (INDONESIA WORK PERMIT): A COMPLETE GUIDE IN 2021 A KITAS (Kartu Izin Tinggal Terbatas) is an Indonesian government permit that allows foreign nationals to work or stay in Indonesia legally for up to 12 months. It is also commonly referred to as a limited stay permit, work permit, or work visa.GO-JEK STORY
The story of Go-Jek is classical and legendary in the domain of startups business. Learning and understanding Go-Jek is truly inspiring and encouraging because it is a company that represents a true “rags to riches” type of story that is told and retold in the world of competitive business. GO-JEK is a local transport, logisticaland
LOCAL NOMINEE SERVICES IN INDONESIA: THE COMPLETE GUIDE Local nominee commissioners. 1. Local nominee director. A nominee director is a person who acts as director of a particular company in a passive role. In other words, the nominee won’t be involved in managing the company. Also, they won’t be named as signatories forthe
WHAT'S THE MINIMUM CAPITAL FOR FOREIGN COMPANIES IN INDONESIA? This equals about USD 700.000 according to current exchange rates. Also, companies need to report 25 percent of the minimum investment value – at least IDR 2,5 billion or about USD 170.000 – as paid-up capital. More capital-intensive fields like banking, mining, and manufacturing might have to submit a bigger amount. KITAS (INDONESIA WORK PERMIT): A COMPLETE GUIDE IN 2021 A KITAS (Kartu Izin Tinggal Terbatas) is an Indonesian government permit that allows foreign nationals to work or stay in Indonesia legally for up to 12 months. It is also commonly referred to as a limited stay permit, work permit, or work visa. TYPES OF COMPANY REGISTRATION IN INDONESIA 2021 (UPDATED LIST) A state-owned company is a business entity where the Indonesian government is partly, or wholly, involved to conduct commercial activities. PERUM and PERSERO are the main types of BUMN. PERUM. A public company (PERUM) is state-owned. This means that the company’s capital is owned by the Indonesian government, and their focus is onprofits.
6 CHALLENGES FOREIGN BUSINESSES FACE WHEN DOING BUSINESS The government’s push towards accepting foreign investment and developing the digital economy through Presidential Regulation 10/2021, or Omnibus Law, would also mean uncomplicating business processes in the future. 5. Elaborate tax system. There are many tax orders and compliances when doing business in Indonesia. ONLINE TRAVEL IN SOUTHEAST ASIA: 4 TRENDS YOU SHOULD KNOW Online travel is the largest player in Southeast Asia’s internet economy. 2. More travelers are looking for services online. 3. Online flight, hotel, and vacation bookings are growing. 4. Indonesia leads the way in online travel. Online travel is spearheading SoutheastAsia’s growth.
LOCAL NOMINEE SERVICES IN INDONESIA: THE COMPLETE GUIDE Local nominee commissioners. 1. Local nominee director. A nominee director is a person who acts as director of a particular company in a passive role. In other words, the nominee won’t be involved in managing the company. Also, they won’t be named as signatories forthe
DOING BUSINESS IN THE PHILIPPINES: ATTRACTIVENESS BPO is a booming sector. In 2019, it resulted in about US$ 26 billion in the Philippines alone. For example in the US, companies that still want to keep running register a company over to the Philippines in order to cut costs. But onwards it would not be purely BPO company format that is just a business processing role. 2021 SUMMARY OF INDONESIA'S NEGATIVE / POSITIVE INVESTMENT Because of that, the government designed some items in the 2016 Indonesia Negative Investment List to support SME development and protect the autonomy of SME operators. In mid-2018, SMEs contributed to 99.9% of all business units in Indonesia, 96.9% of INDONESIA'S DIGITAL ECONOMY: GROWTH PROSPECTS AFTER 2020 Indonesia's Digital Economy: Growth Prospects After 2020. July 19, 2019 - 4 min read. Greenhouse Team. Research by Google-Temasek suggests that Southeast Asia’s digital economy will grow beyond $240 billion in 2025. Moreover, as the largest and fastest-growing market in the region, Indonesia will very likely spearhead this growth. HOW TO SET UP A REPRESENTATIVE OFFICE (KPPA) IN INDONESIA According to the Indonesian Investment Coordinating Board (BKPM), a KPPA is a local branch of a foreign parent company that has two main responsibilities: Represent the parent company’s interests in Indonesia, and/or. Prepare the founding of a Foreign Investment Company (PT PMA) in the future. MARKET EXPANSION SERVICES IN THAILAND Greenhouse is the simplest way foryour company to engage qualifiedCorporate service providers in Thailand. It takes months to research regulations, compare service providers, and negotiate prices before booking B2B services in Thailand. We use technology to simplifyan
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> Greenhouse and its corporate team were very efficient and > transparent with the process and cost involved. Not easy to find in > a jurisdiction crippled by red tapes.Samuel Harvey
Director of Business DevelopmentHarvey Law Group > Greenhouse is the right choice for companies looking to get into > Indonesia. The team has helped us out extensively from day one.Pranab Prakash
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> Greenhouse was prompt in response and provided us with all the > information we required before we made the final decision to pick > the most suitable service provider for corporate secretarial > services with no hidden fees.Tiffany Wong
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> Greenhouse and its corporate team were very efficient and > transparent with the process and cost involved. Not easy to find in > a jurisdiction crippled by red tapes.Samuel Harvey
Director of Business DevelopmentHarvey Law Group > Greenhouse is the right choice for companies looking to get into > Indonesia. The team has helped us out extensively from day one.Pranab Prakash
CEO Konexaa
> Greenhouse was prompt in response and provided us with all the > information we required before we made the final decision to go with > Fastlane for corporate secretarial services with no hidden fees.Tiffany Wong
Regional Business Development ExecutiveDoctor Anywhere > I just wanted to share a quick note and let you know that you guys > do an outstanding job. I’m glad I decided to work with you. It’s > remarkable how easy and SIMPLE for both Greenhouse and B.Av are to > respond and assist swiftly. I never have any problem at all.Nadia Trisnadi
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Explore Market Place > Greenhouse is the go-to partner for any company which needs market > entry support in company set up, legal, regulatory, or market access > across South East Asia. Kristy Hyojeong Hong Overseas Business Development and Marketing Manager COMPLETE MANAGED SERVICE LET US MANAGE THE ENTIRE PROCESS FOR YOU We get it, you're busy. We'll give you a dedicated Greenhouse resource to manage the entire project for you, at just a 15% premium.Contact Greenhouse
> Greenhouse’s platform provides great value. Their network of > service providers are trustworthy and helped us better understand > the entire Southeast Asian region. In turn, that empowered us to > make more educated decisions about our go-to-market strategy.Yohawn Kim
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WANT TO LEARN MORE ABOUT YOUR TARGET MARKET? Check out our blog where we share insights and learnings about markets and best practices across the entire Asia Pacific region.BLOG
FOREIGN EMPLOYMENT IN THAILAND: 2021 GUIDE TO WORK PERMIT EXEMPTIONS The Kingdom of Thailand is Southeast Asia’s second-largest economy with its Top 3 Fast-Growing Industries in e-Commerce, automotive and manufacturing, and infrastructure.BLOG
INDONESIA'S GOJEK AND TOKOPEDIA TO MERGE AS GOTO GROUP Indonesia’s two most valuable startups - Gojek and Tokopedia - announced their merger, on 17 May 2021, to become GoTo Group, followed by plans to go public by the end of 2021.BLOG
2021 SUMMARY OF INDONESIA'S NEGATIVE & POSITIVE INVESTMENT LISTS This article was published in cooperation with one of Greenhouse’s partners in Batavia Advocatorum (B.Av). We interviewed Syafrullah Hamdi, S.H., LL.M., who is currently the Managing Partner at B.Av. Hamdi is a legal author for The Law Reviews (UK) and Bank PermataPriority Magazine
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