Written by Eri Budiman on 28/03/2024
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.
Business Identification Number or Nomor Induk Berusaha (NIB) is a unique code assigned to businesses upon their registration with the relevant governmental authority. This code is used universally in the administrative, tax, and regulatory affairs of the country to identify and track business activities. The NIB is critical for compliance, financial transactions, and legal operations, serving as a key to accessing various services and benefits within the business ecosystem.
Obtaining NIB is paramount for any legal business operation. It facilitates regulatory compliance, tax filing, and financial reporting, ensuring that businesses remain accountable and transparent in their activities. Furthermore, NIB is often a prerequisite for opening bank accounts, securing loans, and establishing trust with customers and partners. Its role in enhancing the credibility and traceability of businesses cannot be overstated therefore making it an indispensable asset for modern business practices.
The optimal time to apply for NIB is at the early stages of establishing a business. Securing NIB before engaging in any commercial activity ensures that all operations are conducted within the legal framework from the outset. This proactive approach prevents potential legal and financial complications setting a solid foundation for business growth and compliance.
Securing NIB offers numerous advantages:
The process for obtaining NIB typically involves:
Putranto Alliance can help every business party, both individuals and non-individuals, to be able to create a NIB and other documents related to the legality of business activities. Our knowledge of foreign investment restrictions and business classifications in Indonesia will help in ensuring a smooth process.
The specific documentation may vary depending on the jurisdiction, but common requirements include proof of business ownership, identification documents of the business owner(s), business address verification, and any relevant permits or licenses.
The processing time varies depending on the efficiency of the regulatory authority and the completeness of the application. In some cases, businesses may receive their BIN within a few days, while in others, it may take several weeks. Putranto Alliance, and by extension, the legal expertise, having been certified with the ISO 9001 Quality Management System, is committed to providing quality work, ensuring that the needs of the clients are met promptly to avoid unnecessary waste and thus allow clients to allocate their resources accordingly for their primary operations.
It is valid throughout Indonesia. Once NIB is obtained, business owners can run a business in various regions in Indonesia per applicable regulations.
Putranto Alliance provides full support to obtain NIB by understanding regulations, communicating with the government and providing legal advice to help the needs of clients through a registration mechanism that is based on compliance with all applicable regulations.
Putranto Alliance has been certified with the ISO 27001 Information Security Management System and its subsidiary ISO 27701 Privacy Information Management System. This ensures that legal documents will be managed strictly in accordance with the information security and privacy policies established in accordance with international standards set by ISO. Putranto Alliance strives to provide the best service while abiding by professional standards of confidentiality and information security.
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Jl. Denpasar Raya Blok C4/24 Kompleks Menteri, Kuningan Jakarta Selatan, 12950, Indonesia
+(62) 21-520-4989
putranto@putranto-alliance.com
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