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Thread: Obtaining an IMB to start up a CV

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    BKT
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    Default Obtaining an IMB to start up a CV

    Hey all I have a question regarding starting up a CV.

    My wife's business is starting to take off so she's looking to registering it, the problem is is that the house we're living in does not have an IMB as it was built many moons ago. Now my mother-in-law has a small piece of land just down the road, what I want to know is, is it possible to draw up some plans, obtain a IMB and start up the company without actually having to build on the property.

    Or am I missing something.

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    Regular Fred2's Avatar
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    BKT I think you need the plate & certificate that you get when you finish the building. I don't think you can just use the permit to start building process to have a CV. The big problem in Bali is nobody worries about a IMB. I know some people in Kuta that built service offices so westerners could use to register there business.

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    BKT
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    Hmm thats too bad, my wife's dealing with overseas clients and its not a good look having them transfer money into her personal account. Looks like I'll have to come up with another solution.

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    This may be a silly question. I don’t know anything much about IMBs but would it be possible to get an IMB now?
    My Bali observations here - http://baliquest.wordpress.com/

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    This may be a silly question. I don’t know anything much about IMBs but would it be possible to get an IMB now?
    Yes, it is possible, even after completing your house. Most locals don't bother getting one. If you want to sell your house later it is a good idea to have one.

    Hmm thats too bad, my wife's dealing with overseas clients and its not a good look having them transfer money into her personal account. Looks like I'll have to come up with another solution.
    I think people transferring any kind of money overseas, to any account are going to be nervous. I doubt that overseas clients would really worry too much, whether it is a business or personal account? I would look at building trust with your clients in other ways like testimonials and references. Maybe there is a tripadvisor type site for wedding planners!

    You might want to consider a UD company, which I believe is like a sole proprieter. You should speak to a good notary or your wife's family members who are already in business. One thing about having a CV is you need to report to the tax office every month even if there is no business activity in your company. Not sure about a UD, but perhaps there is less paperwork.

    Receiving money via Paypal is also an option. Even if the fees are on the high side, it is a convenient option. You need a credit card set up to withdraw payments to a local bank account and it can take a little while to get a credit card. You should also consider getting a merchant bank account set up, so you can receive credit card payments. We have spoken to bank about it, but haven't gone through the process yet. It doesn't seem too difficult, but like anything here, it can take a long long time.
    Give a man a fish and he will eat for a day. Teach a man to fish and he will sit in a boat drinking beer all day.

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    Regular Fred2's Avatar
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    Quote Originally Posted by pollyanna View Post
    This may be a silly question. I don’t know anything much about IMBs but would it be possible to get an IMB now?
    You can but would be better to have one of your local friends to do it or you. Now that you have finished your house, you are open to money(ATM) under the table.

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    BKT...
    why go through the hassle of obtaining an IMB, the only thing you need is a valid adress (surat keterangan domisili).

    an UD is a bit less paperwork..no akte notaris, no npwp (other then her personal npwp), no legal/court statement "legalising" your company...
    here are the requirements for obtaining an UD :
    1. Foto copy NPWP Pribadi
    2. Foto copy KTP
    3. Foto copy KK
    4. Nama usaha
    5. Sewa menyewa/PBB
    6. Pass Photo 3×4=2 buah.

    for a CV is needed two people for registering, so two times copy of KTP.
    because of two people registering, she needs to make a akta at the notaris.
    and would have to register the company for a npwp in the company's name.

    imho, an UD would be easier

    just to make sure, not translated..

    Dokumen yang di urus :
    1. Domisili ( kekelurahan + kecamatan )
    2. NPWP (Nomor Pokok Wajib Pajak)
    3. SIUP (Surat Izin Usaha Perdagangan) ( urus disperindag setempat )
    4. TDP (Tanda Daftar Perusahaan ( urus disperindag setempat )

    Persyaratannya :
    1. Foto copy NPWP Pribadi
    2. Foto copy KTP
    3. Foto copy KK
    4. Nama usaha
    5. Sewa menyewa/PBB
    6. Pass Photo 3×4=2 buah.

    so if she has the surat domisili and a NPWP, it's of to the Dinas Perindustrian dan Perdagangan
    don't read between the lines..i think the words are clear enough...:)

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    BKT
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    Thanks for the info guys, the wife just got off the phone with her old school friend who's a Notaris here in Singaraja, she also recommended her form a UD Company. We'll be heading to the Urus Disperindag tomorrow morning to inquire about the TDP and SIUP. One thing though my wife called the Urus Disperindag last month and they said one of the requirements for obtaining a SIUP is an IMB, she also read an article on the net which also said you'll need one as well. Her Notaris friend seemed to think she didn't need one, however she also said you need a Notaris to form a UD

    I'll let you know how it goes.

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    BKT
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    Spicy I was thinking about Paypal, I have an account however the average client is spending $12,000 USD on a wedding. With fee's it might be a little on the pricy side.

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    I have used an Aussie Paypal account and it has worked fine. The fee is about 3% with no standing charges (costs nothing if you don't use it). Sometimes, the $12,000 may take them above their credit card limit. (Possibly there is some PayPal upper limit too, but I have never got near $12,000 so don't know about that.) Having PayPal as an option for credit cards is a good idea, even if you also offer some direct transfer option which will have a reduced fee. Some people are credit-card oriented, others aren't.

    I would set prices so that you can absorb the 3% as a cost, but if you are bargaining the final price and already know they will do a bank transfer, you can take that into account

    The advantage of PayPal is that you get confirmation immediately, while with bank transfers you need to wait some time.

    Another thing to consider is how to do refunds - PayPal has options for this, but I have never used it.

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