Starting a business in Bali combines two of entrepreneur’s greatest desires such as living in paradise and making profit. The number of international startups has increased in the last few years, actually Bali is not just a Southeast Asian holiday destination.
Startups can reduce their costs, maximize their profits and live in a magical part of the world, Bali has become a business opportunity. But there are few things that you need to know before starting a business in Bali.
Bali has developed many coworking spaces, at the moment, this trend has created a collaborative environment, where startups and entrepreneurs can be productive with sharing their story, their network and be a part of a community. For example, there’s a famous co-working space close to Echo Beach, called Dojo Bali. Co-working space attracts more and more people because you can find an engaged community there, social events, food sometimes, smart and inspiring people and the most important fast internet connection.
Moreover, co-working spaces promote entrepreneurship, business networking and host weekly events and conferences.
Co-working spaces are perfect for startups of any sizes.
The best thing for a startup in Bali is that you don’t need an important capital. In fact, the cost of living is cheap, it means that the operational costs will be low. It’s evident that you get a better quality of living and value of money when you decide to live and make business in Bali.
Moreover, you will learn to adapt to a better work-life balance, while learning how to keep priorities in check of yourself.
Some expats think they don’t need to follow the legalities or pay taxes, but it’s same in any country throughout the world. So before your arrival in the island of gods, make sure that you are informed and has all your correct permits and visas.