How do I set up a company in Indonesia?

How much does it cost to register a company in Indonesia?

Fees

Different Indonesia entity types Cost Draft invoice
100% wholly foreign owned trading LLC US$19,440 View invoice PDF
Representative office US$19,250 View invoice PDF
PT company US$13,500 View invoice PDF
Free zone US$18,100 View invoice PDF

Can foreigners register a company in Indonesia?

Indonesia allows for a 100% foreign ownership in industries not protected by the Negative Investment List. The most common ways for foreigners entities and investors to set fully foreign-owned companies are through registering: Foreign company (PT PMA)

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

3. How long does it take to start a business in Indonesia? Starting a business in Indonesia ranges from 1 to 3 months – the time taken is highly dependent on how quickly business owners are able to send across company documents, deeds, reports to their market-entry consultants to fulfill the process.

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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.

How do you set up a business?

If you want to set up your own company, here’s a quick guide to get you started.

  1. PUBLIC OR PRIVATE LIMITED OR LIMITED LIABILITY PARTNERSHIP.
  2. Register directors and partners: …
  3. Secure digital signature: …
  4. Select a business name: …
  5. Register the company:

Is it easy to start a business in Indonesia?

To improve the investment climate, the government has recently implemented more business-friendly policies. It is now much easier and more convenient for foreign investors to start a business in Indonesia. Previously, it took at least two months to complete the company registration process.

Is it easy to do business Indonesia?

Indonesia is not the easiest place to start an enterprise or, generally, to conduct business. This is reflected by the World Bank’s Doing Business 2018 index in which the country ranks 72nd.

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.

How can I start a small business in Indonesia?

Steps involved are:

  1. Obtain the Indonesian Investment Coordinating Board approval of representative office. This application requires the following documentation: …
  2. Obtain Domicile Letter. A letter of domicile must be obtained from the local government. …
  3. Register with the Tax registry. …
  4. Register with the company registry.
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What does Tbk mean in Indonesia?

Tbk stands for Terbuka (stock symbol, Indonesia)

What does PT mean in Indonesia?

PT is the abbreviation for Perseroan Terbatas, and it means Limited Liability Company. Therefore, all company names in Indonesia must be preceded by “PT” once they are approved.

Can foreigners invest in Indonesia?

As a general rule, foreigners can only invest through setting up a limited liability company (Perseroan Terbatas or PT). A PT can be a joint venture set up by a foreign investor and an Indonesian partner, or a company whose ownership is exclusively foreign and in which foreign holdings can reach 100%.

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.
Notes from the road