Denpasar

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Local Businesses and Startups

Sections

Local Businesses and Startups in Denpasar, Indonesia: Work and Employment

Relevant Industries

  1. Tourism and Hospitality: Hotels, travel agencies, and tour operators.
  2. Food and Beverage: Restaurants, cafes, and catering services.
  3. Creative Industries: Art, design, and digital marketing.
  4. Retail: Local crafts, clothing, and souvenirs.
  5. Technology: IT services, software development, and e-commerce.

Costs of Starting a Business

  • Business Registration: Approximately IDR 1,000,000 to IDR 5,000,000 (USD 70 to USD 350) depending on the business type.
  • Licenses and Permits: Varies by industry; can range from IDR 500,000 to IDR 10,000,000 (USD 35 to USD 700).
  • Office Space: Renting a small office can cost between IDR 3,000,000 to IDR 10,000,000 (USD 210 to USD 700) per month.
  • Initial Capital: Recommended to have at least IDR 50,000,000 (USD 3,500) for small businesses.

Common Procedures for Setting Up a Startup

  1. Business Plan Development: Outline your business model, target market, and financial projections.
  2. Legal Structure: Choose between a sole proprietorship, partnership, or limited liability company (PT).
  3. Business Registration: Register with the Ministry of Law and Human Rights and obtain a business license (SIUP).
  4. Tax Registration: Obtain a Tax Identification Number (NPWP) from the tax office.
  5. Local Permits: Depending on the business, additional permits may be required from local government offices.
  6. Bank Account: Open a business bank account for transactions.

Coworking Spaces

  • Hubud: A popular coworking space known for its vibrant community and networking events.
  • Dojo Bali: Offers a collaborative environment with various amenities and events for entrepreneurs.
  • Bali Bustle: A coworking space that focuses on community and networking opportunities.

Networking Opportunities

  • Meetup Groups: Regular events for entrepreneurs and freelancers to connect.
  • Local Business Associations: Join organizations like the Bali Business Club for networking and support.
  • Workshops and Seminars: Attend events hosted by coworking spaces or local universities to gain insights and meet potential partners.

Cultural and Local Considerations

  • Bali's Culture: Understanding Balinese customs and traditions is crucial for building relationships and trust.
  • Language: While English is widely spoken in business contexts, learning basic Bahasa Indonesia can enhance communication.
  • Work Ethic: Emphasize collaboration and community; relationships often take precedence over formal agreements.
  • Regulatory Environment: Be aware of local regulations and the importance of compliance to avoid fines or business disruptions.

Conclusion

Starting a business in Denpasar offers opportunities, particularly in tourism and creative sectors. Understanding local customs, networking effectively, and navigating the regulatory landscape are key to success.