Surabaya, the capital city of East Java Province, is an investment haven for business people.
Based on the Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) Realization report submitted by the Investment Coordinating Board (BKPM), the realization of investment in East Java throughout 2020 reached IDR 78.3 trillion, which has increased 33% from the previous year.
Meanwhile, the city of Surabaya ranked first in the total realization of FDI and PMDN in East Java by recording a figure of IDR 16.8 trillion and also ranked first for the PMDN category with a figure of IDR 15.8 trillion.
This positive growth is a revival of investment in East Java which has experienced a decline during 2017 and 2018.
With this data, the city of Surabaya is a good choice to start or even expand a business.
This is because Surabaya has several attractions that other cities do not have.
First, Surabaya is strategically located.
Surabaya is located on the north coast of the eastern part of Java Island and faces the Madura Strait and the Java Sea.
This location makes Surabaya a commercial city for export and import business.
In addition, Surabaya is the second largest city in Indonesia after DKI Jakarta and is the largest metropolitan city in East Java.
It is no wonder that Surabaya is the center of trade in eastern Indonesia and many large companies are established there.
Second, Surabaya has made business licenses easier.
The Surabaya government established the Surabaya Single Window (SSW) which is an online integrated licensing service.
The system aims to make it easier for businesses in Surabaya to obtain their business licenses.
With this SSW, the business licensing process is trimmed and the completion is faster because it is submitted in parallel.
If licensing is easy, then domestic or foreign people will compete to start doing business and invest in Surabaya.
A little additional information, in September 2020, the Surabaya government facilitated business licenses for coffee shops or cafe stalls which only require a Trade Business License (SIUP) and can be obtained within 1 hour.
Third, Surabaya has strong economic growth.
In 2017, East Java’s Gross Regional Domestic Product (GRDP) reached Rp1,482.15 trillion, of which almost a quarter (24.61%) came from Surabaya.
In the same year, Surabaya’s economy grew by 6.13% on an annual basis.
This was faster than East Java’s growth of 5.45% and the national growth of 5.07%.
Therefore, it can be said that Surabaya is one of the driving forces of the Indonesian economy.
Fourth, Surabaya as the best tourist city.
The title was given by Yokatta Wonderful Indonesia Tourism Awards 2018.
In that year, Surabaya beat Denpasar in second place and Bandung in third.
With such high attractiveness, it is not unusual that there are many tourist attractions built in Surabaya such as natural attractions, historical attractions, and shopping tours as well as many investors who are interested in investing in the City of Heroes.
Setting up a business in Surabaya is worth considering.
Moreover, Kontrak Hukum Surabaya branch is ready to assist Sobat KH in establishing a PT until it gets its legality.
Without having to divide your focus, your business will be completed in a matter of days.
Please contact us on Instagram @kontrakhukum if you want to consult about establishing a PT in Surabaya or contact the
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