Trustworks

Bali Builds Boats: Which Boat Builder Is Your Perfect Match? Dreaming of gliding through Bali's turquoise waters on a yacht handcrafted in paradise? You're not alone! But with two top-notch boat builders on the island, choosing the right one can feel like steering through a maze. Worry not I'm here to guide you! Meet the Masters: 1. Bali Fiberglass (BFG1): Imagine a one-stop shop for your yachting dreams. BFG1 is like a floating department store, building and fixing all kinds of boats, from sleek fiberglass yachts to traditional Phinisis. They're like the old, wise captain you can trust with any voyage, from design to launch, even hauling and storage. Bonus: they use top-notch materials and follow international standards, making your boat ocean-ready for any adventure. 2. Kifli Boat Builder: Think of Kifli as the friendly neighborhood mechanic, but for boats! They specialize in smaller yachts and repairs, putting their heart and soul into every inch. Forget cookie-cutter boats - Kifli works closely with you, building your dream vessel brick by brick, or rather, plank by plank. So, if you have a budget-friendly vision or a unique repair need, Kifli's your harbor! Which Anchor Drops Here? BFG1 Wins When: You want a big, impressive yacht you can show off (think luxury Phinisi!) Need all the bells and whistles, from design to launch and beyond Budget isn't your biggest concern, quality and reputation are Kifli Wins When: You have a smaller boat dream or need repairs Value personalized attention and a close working relationship Want top-notch craftsmanship at a budget-friendly price So, Who Wins the Anchor? It's not a competition! Both BFG1 and Kifli are Bali's boat-building treasures, each with their strengths. BFG1 offers the full yachting experience, while Kifli tailors smaller dreams with big love. So, ask yourself: are you about grand journeys or personal masterpieces? If you need help to navigating your yachting business, we at Trustworks are here to turn your Bali dream into reality! 📞 WA: +6289676600013 📧 [email protected]

10 Billion IDR PMA Capital Investment: How it works? Many people are concerned about the minimum capital requirement of Rp 10 billion when they intend to establish or operate a business in Bali or Indonesia. Quite a few individuals have decided against opening a company or invest in Bali due to this issue. In this discussion, we will try to shed some light on this. Regarding the regulation of The Minister of Law and Human Rights number 22 of 2023 about Visa and Stay Permits. In article 40 a residence permit is given to foreign investors from 2 to 10 years, with the condition of investing from US$700,000 to US$5,000,000 (from seven hundred thousand to five million US dollar), which must be fulfilled 90 days from the date the limited stay permit (KITAS) is granted. Commentary from, Mr. Simon Manurung, S.H., the lawyer of Trustworks: "This article does not explain the form of fulfillment [of investment capital]. It is unclear whether it is sufficient to have it on paper through a company deed or as proof of deposit to the bank. Therefore, the form of investment of the capital is not clear. ", - and he added, - "It is also unclear whether the statement of commitment must be realized or if it is sufficient to be stated in the Deed." This means, the goverment did not implement the actual mechanic to checking the investment capital. In actual practice, to obtain a KITAS, the Bali Immigration office requires from the applicant the deposit funds in an account under the name of the company at any local bank, with a minimum value of at least US$2,500 or its equivalent. In our opinion about the Bali economy, we believe that the Indonesian government is not very strict about this rule because it could make difficult for foreigners to open small or medium businesses like restaurants, cafes, or shops in Bali. Small foreigners business create unique Bali ecosystem that attracting many tourist. This flexibility might affect the economy in Bali and even nationwide. Please take note that the regulations may change at any time. If you need more detailed information, you can leave your contact details by clicking 'Sign Up' on our profile, or you can directly contact us. 📞 WA: +6289676600013 📧 [email protected]

The PMA Blueprint for Foreign Company Success! Navigate the intricacies of establishing your overseas venture with our step. From sculpting the ideal company name to securing vital licenses, each slide unveils a critical chapter in your international business story. ➡️If you have any questions about establishment and operation a business in Bali. Please contact us to get detailed information ⬇️ 📞 WA: +6289676600013 📧 [email protected] #baliindonesia #foreignentrepreneurs #businessinbali #foreigncompanybali #foreigncompanyregistration

What's the difference between PT & PT PMA Perseroan Terbatas (PT) is a local company in Indonesia which is called a limited liability company. The PT is established by at least two local citizens (with an Indonesian passport) who serve as shareholders and are shielded from the company’s debts. PTs offer several advantages, including shareholder protection from company debt, secure company viability, clear management responsibility to shareholders, easy access to additional funds, and defined legal protection. Perseroan Terbatas Penanaman Modal Asing (PT PMA) is a foreign-owned company in Indonesia. Foreign investors seeking to conduct business in Indonesia often establish a PT PMA, using either entire foreign capital or in part with domestic investors. PT PMA has the same rights and responsibilities as local companies, can sponsor numerous foreign employees, and offers quick license permits and lower import duties. When comparing PT & PT PMA, it’s essential to consider the company’s specific business needs and objectives. PT is more suited for local or foreign investors keen on specific sectors not open to foreign investment. PT PMA is suitable for foreign investors who wish to establish a business in Indonesia with the flexibility of foreign ownership. ➡️ Follow us on social media for valuable insights and updates on establishing and operating your business in Bali or you can contact us to get detailed consultation ⬇️ 📞 WA: +6289676600013 📧 [email protected]

What is PT PMA? When you decide on setting up a business in Indonesia, the first step is to understand the types of business entities available to choose from. PT Penanaman Modal Asing (PT PMA) Company is one of the most popular choices for businesses and foreign investors in Indonesia. Foreign investors are allowed or can invest their capital through the establishment of PT PMA. Based on Article 1 Number 3 of Law no. 25 of 2007 concerning Capital Investment (Investment Law), Foreign Investment (PMA) is the activity of investing capital to carry out business in the territory of the Republic of Indonesia (RI) carried out by foreign investors, either using foreign capital entirely or in joint venture with domestic investors. Foreign capital is capital owned by foreign countries, individual foreign citizens, foreign business entities and legal entities, and/or Indonesian legal entities whose capital is partly or wholly owned by foreign parties. Are you ready to establish PT PMA and obtain the PT PMA deed of establishment? If you are still in doubt, entrust the establishment of your PT PMA to us, who have been proven capable of handling business legality. You only need to fill the contact form and our consultant will contact you with professional guideance to overall the process. ➡️ If you have any questions about establishment and operation a business in Bali. Please contact us to get detailed information ⬇️ 📞 WA: +6289676600013 📧 [email protected] #baliindonesia #foreignentrepreneurs #businessinbali #foreigncompanybali #foreigncompanyregistration