{"id":984,"date":"2016-12-31T03:55:15","date_gmt":"2016-12-30T20:55:15","guid":{"rendered":"https:\/\/danieel.id\/?p=984"},"modified":"2023-12-27T12:40:40","modified_gmt":"2023-12-27T05:40:40","slug":"business-and-investment-tips-in-timor-leste","status":"publish","type":"post","link":"https:\/\/danieel.id\/en\/business-and-investment-tips-in-timor-leste\/","title":{"rendered":"Business and Investment Tips in Timor Leste"},"content":{"rendered":"

On December 13, 2016, the Embassy of the Republic of Indonesia (Indonesian Embassy) in Dili held a “Business and Investment Tips in Timor Leste” Seminar. It so happened that I was appointed to be the Moderator. Lots of interesting information about the current business situation in Timor Leste, how the Government of this new country is working hard to attract investors and improve the ease of doing business in Timor Leste.<\/span><\/p>\n

The seminar, which took place at the Indonesian Cultural Center (PBI) in Dili, was opened by The Head of\u00a0 Representative of the Indonesian Embassy in Dili, East Timor, Mr. Idhi Maryono.<\/span><\/p>\n

The seminar went well, and the participants who were mostly Indonesian entrepreneurs and representatives from various Indonesian State Own Enterprise (SOE) in Timor Leste were enthusiastic in participating and discussing with speakers to dig deeper into the business potential in this country.<\/span><\/p>\n

I made this note in the hope that it will benefit anyone who is exploring business opportunities in Timor Leste.<\/span><\/p>\n

BUSINESS REGISTRATION IN TIMOR LESTE<\/span><\/strong><\/span><\/h2>\n
\"Business<\/a>
Business Registration – The Journey Timor Leste<\/figcaption><\/figure>\n

The first speaker at the Seminar was Mr. Florencio Sanches, Executive Director of SERVE (Servico de Registo e Verificacao Empresarial) of Timor Leste. He explained about “Business Registration Reforms In Timor Leste”<\/span><\/p>\n

I am frankly amazed by the various efforts made by the Government of Timor Leste in carrying out reforms, deregulation, trimming bureaucratic flow, and simplification of procedures, which in turn succeeded in simplifying and shortening the time needed to register a Business Entity.<\/span><\/p>\n

The registration time for this business entity was significantly shortened from 118 days in 2013 to only 1 to 5 days in 2014, even specifically for “Sole Trader and Single Shareholder with Limited Liability”, SERVE Timor LESTE guarantees that business registration can be completed in 1 day.<\/span><\/p>\n

To simplify Registration, SERVE also cut the number of documents needed, from previously reaching 17 Documents to only 6 Documents, and in terms of costs, SERVE guarantees that there are no fees for business registration in Timor Leste.<\/span><\/p>\n

 <\/p>\n

Types of Business Entities in Timor Leste<\/span><\/strong><\/span><\/h3>\n

The Following Types of Business Entities in Timor Leste:<\/span><\/p>\n