"By registering, they (MSMEs) obtain a legal entity that can be used to support the business," Laoly said at Sasana Krida, Papua Governor's Office, on Monday.
The existence of individual companies is a new breakthrough launched by the Law and Human Rights Ministry to support the ease of doing business for the community, he added.
It is one form of a limited liability company (PT) that can be established by an individual without the minimum amount of capital in the requirement, he explained.
The main target of individual proprietorship are MSME players as part of an effort to enhance Indonesia’s ease-of-doing-business ranking.
Furthermore, Laoly lauded Military Regional Commander (Danrem) 172/Praja Wira Yakthi (PWY), Brigadier General Juinta Omboh Sembiring, who has encouraged the public to register to ensure the legality of individual companies.
"We would like to thank Mr. Commander 172/PWY for helping us gather two hundred Papuan women who have formed the 'Mama-Mama Papua Mampu' SME group," the minister said.
Local wisdom in Papua needs to gain visibility and actualization through a regulation that requires officials of the Papua provincial government to wear traditional clothing, like in Bali and North Kalimantan, he added.
"I encourage the ranks of the Papua provincial government to continue to explore the potential, both individual and communal intellectual property (IP). Continue to create, innovate, and understand the importance of IP protection. Maintain the quality, develop it, and to increase the economic value," he said.
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Translator: Abdu F, Kenzu T
Editor: Rahmad Nasution
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