+62-819-3274-1333 info@elson.co.id

Regulation of Minister of Trade No.07/M-DAG/PER/2/2017 on February 2017 stated that SIUP will be valid for long time period and will be expired if the holders do not perform any business anymore. In addition, the Indonesian Government will not charge some amount of retribution for the company who wants to apply a new SIUP.”

Do you have a business in Indonesia? Do You feel that the business license is confusing? So, don’t worry then, President Joko Widodo (President Jokowi) has given an easy way for business owners to deal with the Business Trade License, known as SIUP. Since 2017, President Jokowi explained that business owner does not need to renew his or her SIUP annually. SIUP will be valid for long time period. It only will be expired if the holders do not perform any business anymore. The new policy was regulated in Article 7 Regulation of Minister of Trade No.07/M-DAG/PER/2/2017 on February 2017.

Furthermore, Article 16 explained the Indonesian Government will not charge some amount of retribution for the company who wants to apply a new SIUP. The same conditions also will be applied for the one who wants to change its SIUP. In other words, based on the new regulation, the company does not need to spend money at all when dealing with SIUP.

The Indonesian Government has also classified on how to get Business Trade License based on the scale of business. First, for the Micro Trading Company or Small Trading Company, the Business Trade License will be obtained in PTSP Kecamatan. Second, for Medium Trading Company, the Business Trade License will be obtained in Mayor Office (Walikota).

In details, those kind of business scale can be described as: (a) Micro Trading Company, company who has capital less than 50 million rupiah; (b) Small Trading Company, a company with capital more than 50 million rupiah, but no more than 500 million rupiah (c) Medium Trading Company, a company with capital more than 500 million rupiah, but no more than 10 billion rupiah, excluding land and building; (d) Big Trading Company, a company with capital more than 10 billion rupiah, excluding land and building.

How can ELSON help you?

ELSON Indonesia is a company that focus on providing comprehensive legal solution for expatriates, foreigner, and mix marriage couple in Indonesia.

Contact Us:

Email: info@elson.co.id

Phone: 0819 3274 1 333

Author:

Nadhia Amanina