Setting up a dream business entity is certainly something to look forward to. Because before we make it, there must be a lot of things that we need to do, from thinking about the business concept, what products and services will be offered, to strategies for making promotions. In order for all plans to run smoothly, of course you also need to have a permit legally. In Indonesia, you can get this permit by applying for a Trading Business Permit (SIUP). Let’s see a further explanation about SIUP and the steps for submitting it!
SIUP is an operating license for all companies or business entities that focus on the trade sector, for example, such as the sale of goods and services. Business actors, ranging from individuals, PT, CV, to BUMN are required to have this letter. The licensing itself will be issued by the Industry and Trade Office in accordance with the domicile of the company or business entity.
SIUP makes it easier for the government to record businesses that are active in trade in bodies and services. As for yourself, this letter has several roles as follows.
Meanwhile, Article 4 paragraph (1) letter c, Regulation of the Minister of Trade No. 46 / M-DAG / PER/9/2009 based on SIUP is not mandatory for companies with the following criteria:
Before making a SIUP, you must first know the type of permit according to your place of business. Based on the level of wealth and business capital (excluding land and buildings for business):
This SIUP is intended for micro business actors whose capital and net worth are less than 50 million rupiah.
This SIUP is intended for small business actors whose capital and net worth are 50 million to 500 million rupiah.
Medium SIUP is aimed at micro-business actors whose capital and net worth are 500 million to 10 billion rupiah.
If the capital and net worth of a micro business reaches more than 10 billion rupiah, the SIUP intended is Large SIUP.
The process for applying for a SIUP varies, depending on your type of business.
Taking care of administrative needs such as SIUP is a good first step so that you can run your business smoothly. And of course, you can also use the Cashlez App to make your business even more digital!