How long does it take to set up a company in Indonesia?

Detail PMA Company Rep Office
How long to set the company up? 3 months 3 months
How long to open company bank account? 4 weeks 3 weeks
Issued share capital required US$300,000 None
Types of business permitted No restriction Marketing, research, advertising

How long does it take to set up a business in Indonesia?

How long does it take to start a business? Starting a business in Indonesia (eg. a PT PMA – the most common type of legal entity set up by foreigners) usually takes 2-6 months for an establishment to start a business.

How much does it cost to set up a company in Indonesia?

Indonesia company set up costs in Year 1 amount to US$4,250 and annual company costs in Year 2 and thereafter amount to US$2,300. The average total fees per Indonesia company formation engagement amounts to US$19,440 includes company set up, company secretary, Government registrations and corporate bank account.

Is it easy to set up a business in Indonesia?

Indonesia has shown progressive achievement in the past years. The process to make FDI in Indonesia is easier than ever today. The Indonesian Investment Coordinating Board (BKPM) even has a One-Stop-Service Center (OSS-C) directed specifically for foreigners to improve its services and cut the bureaucracy procedure.

IT IS INTERESTING:  Can US citizens work in Singapore without a visa?

Can foreigner set up company in Indonesia?

To protect local businesses, a foreigner can set up a company in Indonesia with a minimum amount of paid-up capital of IDR 2,5 billion. Prior to incorporation, it is a good idea to consider the size of the team you will need to achieve your business goals.

What is the best business in Indonesia?

16 Best Small Business Ideas in Indonesia for 2020

  • Travel Consultancy business. Becoming a travel consultant can be a great business in Indonesia for sale in which you sell your services. …
  • Equity Financing Business. …
  • Business of Hotels. …
  • Book Keeping. …
  • Internet Service Provider. …
  • App Developers. …
  • Furniture Factory. …
  • Food Carts.

Can foreigners invest in Indonesia?

Under Article 7 of Priority List, there is still a minimum investment requirement for foreign investors where they can only carry out business activities for large enterprises with minimum investment value of IDR 10 billion (excluding land and buildings).

How do I register a company in Indonesia?

The PT PMA registration can be done online via an integrated system called the Online Single Submission (OSS) system. Foreign investors also prefer to establish a PT PMA because it can sponsor work permits and stay visas for its foreign employees.

How do I check if a company is registered in Indonesia?

If you need to look up on Indonesia registered company, it is listed on the government website. There, you will find an official company directory with some details of the business.

Can foreigners buy property in Indonesia?

Can foreigners own freehold property in Indonesia? No, foreigners are not allowed to own freehold property in Indonesia. Instead, we can lease or own properties under other arrangements, such as right-to-build or right-to-use contracts.

IT IS INTERESTING:  Which city in the Philippines has the fastest Internet?

How much do you need to start a business in Bali?

The cost of setting up you PMA company is in the region of $6500 USD and may take as long as 14 days, however you need to fulfill the minimum requirements: Investment plan of at least IDR 10 billion (~ $US 800,000) Minimum paid up capital IDR 2.5 billion.

What are the business opportunities in Indonesia?

4 Business Opportunities Emerging in Indonesia

  • e-Commerce business. That’s why e-Commerce has become one of the promising business opportunities in Indonesia. …
  • Traveling industry. Besides, the Indonesian government has issued the visa-free regulation for foreign tourists from 169 countries. …
  • Manufacturing. …
  • Infrastructure.

Can foreigners own business in Bali?

Many businesses are open to full foreign ownership. However, some business classifications (KBLI) only allow partial foreign ownership. There are many hospitality businesses with such restrictions.

Limited Percentage of Foreign Ownership.

Business Allowed Foreign Ownership
Hotels (4 stars or less) 67%

Can a foreigner open a restaurant in Bali?

For foreigners, there are two common types of legal entity available in Bali for restaurant business: a local company (PT) and a foreign-owned company (PT PMA). … Fortunately, under the current Negative Investment List (NIL), foreigners are allowed to have 100% ownership of the PT PMA in the restaurant sector.

Notes from the road