Malang

๐Ÿ’ฐ

Economic Services

Sections

Economic Services in Malang, Indonesia

1. Banking Services

  • Major Banks: Bank Mandiri, BCA (Bank Central Asia), BNI (Bank Negara Indonesia), and BRI (Bank Rakyat Indonesia).
  • Opening an Account:
    • Documents Required: Valid ID (KTP for locals, passport for foreigners), NPWP (Tax ID), proof of address.
    • Costs: Initial deposit varies by bank (typically IDR 100,000 - IDR 500,000).
    • Procedure: Visit the bank branch, fill out the application form, submit documents, and deposit initial amount.

2. Financial Assistance Programs

  • Government Programs:
    • KUR (Kredit Usaha Rakyat): Microcredit program for small businesses.
    • Eligibility: Small business owners with a viable business plan.
    • Loan Amount: Up to IDR 500 million with low-interest rates.
    • Application Process: Submit a proposal to participating banks.

3. Business Licensing

  • Types of Licenses:
    • SIUP (Surat Izin Usaha Perdagangan): Trading business license.
    • TDP (Tanda Daftar Perusahaan): Company registration certificate.
  • Procedure:
    • Documents Required: Business plan, ID, NPWP, and proof of location.
    • Costs: Varies by business type; SIUP fees range from IDR 100,000 to IDR 1 million.
    • Where to Apply: Local government office (Dinas Penanaman Modal dan Pelayanan Terpadu Satu Pintu).

4. Employment Services

  • Job Placement Services:
    • Local Government Office: Dinas Tenaga Kerja (Department of Manpower) offers job placement and training programs.
    • Online Job Portals: JobStreet, Indeed, and local Facebook groups for job postings.
  • Procedure for Job Seekers:
    • Register at the Dinas Tenaga Kerja with a CV and ID.
    • Attend job fairs organized by the local government.
  • Costs: Generally free for job seekers.

5. Local Considerations

  • Cultural Sensitivity: Understanding local customs and business etiquette is crucial. Building relationships (networking) is important in business dealings.
  • Language: Bahasa Indonesia is the official language; knowledge of basic phrases can be beneficial.
  • Cost of Living: Relatively low compared to major cities; budget for daily expenses, transportation, and housing.

6. Additional Resources

  • Local Chambers of Commerce: Can provide networking opportunities and additional business resources.
  • Community Centers: Often host workshops and training sessions for entrepreneurs.

This structured overview provides essential information for navigating economic services in Malang, Indonesia, ensuring newcomers can effectively engage with local systems.