Importance of NIB for Companies – NIB or Business Identification Number is one of the important factors in establishing an Agency or company in Indonesia. Referring to Presidential Regulation Number 71 of 2017 concerning the Acceleration of Business Implementation.
NIB management in Indonesia replaces several previously required permits, namely Customs Access/NIK, Company Registration Certificate (TDP) and Importer Identification Number (API). NIB not only makes it easier for the Agency to obtain official permits or legality but also actually has many benefits for the process of managing the business in the long term.
NIB is like an identity for a company or legal entity, so if you don’t have an NIB, it will hamper business development. The NIB management process itself is quite easy and fast online through the OSS (Online Single Submission) online system.
The following will explain the important benefits of NIB as well as the stages of its management:
Important Benefits of Business Registration Number (NIB)
1. Faster and Hassle Free Business Development
By having a Business Identification Number, business development will be carried out faster without any disturbances or worries due to the absence of company legality. A legal and official business is certainly a guarantee in the eyes of everyone so that if it is otherwise (illegal), it will have an impact on low consumer or investor confidence and business activities will be disrupted.
2. Facilitate Loans for Corporate Financing
When you want to apply for a loan or seek investors for corporate financing, the NIB is a sign that affects whether an investor is willing to provide an injection of funds or not. In the eyes of investors, they need to be convinced not only by the company’s vision and mission but also from the official license they have. Investors certainly don’t want an agency that doesn’t even have an official permit.
NIB Management Stages
NIB management can be carried out by business actors or investors of the Agency by following the following steps:
- First, make a deed of establishment and NPWP when managing the establishment of a Business Entity (Company) such as a Limited Liability Company (PT, PMA), CV, Firm, Foundation and Cooperative. Making is usually done with the help of a notary.
- After the NPWP and a valid deed have been obtained, you can register through the Online Single Submission (OSS) System online through the official website oss.go.id. How to register using your NIK or passport to get a user id. After registration is complete and logged in, you can choose a deed number, then complete data about the business to obtain a Business Identification Number (NIB) and Basic Licensing.
The requirements for obtaining a Business Identification Number (NIB) and Basic Licensing are as follows:
a) Entity or Company Data
b) Shareholder Data
c) Investment Value Data
d) Plan for the Use of Foreign Workers (RPTKA), if foreign workers are needed
e) BPJS Employment and Health BPJS data
After all the conditions are fulfilled, you will receive an automatic notification if the business data is in accordance with the provisions of the applicable laws and regulations. That way, you already have a Business Identification Number (NIB), Basic Licensing, and Licensing and Facility Notification documents.
There are still many entrepreneurs who do not know about the requirements that must be met if they want to apply for an NIB (Business Identification Number). If you are looking for an understanding of the current regulations regarding the NIB and the provisions of the new regulations.
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Our consultants will assist you in the process of establishing a company and obtaining permits related to your company’s business in Indonesia. Contact us now for special offers at +6281818811887 & +6287714498500 or email@example.com