How to Start the Business with Us?
Introduction to the Business
Process in The Banten International
Education, Technology, and Health
Special Economic Zone
Gather information about Banten SEZ through the website, hotline, or contact with the Banten SEZ PIC.
Engage in discussions with the SEZ project team regarding business proposals/plans.
Submit a Letter of Intent (LOI) along with a detailed business proposal/plan.
Verify the proposal, clarify the Indonesian Standard Classification of Business Fields (KBLI)/financial aspects, and negotiate the offer.
Sign the LOO or term sheet.
Submit the PU (business registration) along with all required documents.
Finalize by signing the Agreement (PKS).
2 Types of Legal Entities that Carry Out Business Activities within The Banten International Education, Technology, and Health Special Economic Zone
A. Business Entity
A Business Entity is responsible for organizing business activities within the SEZ. To qualify as a Business Entity, the following requirements must be met:
- It must be a domestic corporate taxpayer (central and branch) conducting business within the SEZ
- It must have received formal determination from the National Council, Provincial Government, Regency/City Government, or a Ministry/Non-ministerial Government Institution with the appropriate authority to build and/or manage the SEZ.
- It must have clearly defined boundaries according to the SEZ development stages.
- It must hold a valid Business License.
In The Banten International Education, Technology, and Health Special Economic Zone, PT SIW serves as the Business Entity.
B. Business Actors
Business Actors are entities or individuals conducting business activities within the the SEZ. In the context of The Banten International Education, Technology, and Health Special Economic Zone, Business Actors are partners of PT SIW, contributing to the development of the zone by constructing and operating business facilities. They are also required to obtain the necessary permits to operate.
- For Existing Business Permits:
If Business Actors wish to add branches or business units, they must ensure the registered KBLI code aligns with the latest regulation governing the main activities of the SEZ. Additionally, they must register the business address in the OSS system. If utilizing tax incentives (Tax Holiday/Tax Allowance), separate financial reports must be submitted for the SEZ-based business unit.
- For New Entities:
Business Actors establishing a new entity must also ensure alignment with the latest KBLI code for the SEZ and establish their business address within the SEZ.
- Business Actor Identification Number:
Once the Business Actor obtains a business license, they must submit a Business Actor Identification Number application to the Special Economic Zone Administrator through the OSS system, along with a cooperation agreement with PT SIW. PT SIW will then forward the application to the Administrator for approval.
- Fiscal and Non-Fiscal Facilities:
The Business Actor Identification Number is essential for accessing both fiscal and non-fiscal facilities available within the SEZ.
