How much does it cost to register a company in Indonesia?
|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?
Yes, foreigners can own a business in Indonesia by setting up a foreign investment limited liability company (PT PMA) which any quantity of shares owned by a foreign individual or business. It is a legal entity which foreign investors are permitted to conduct commercial activities in Indonesia.
How do I set up a company in Indonesia?
The following documents must be submitted to BKPM to start a foreign company PT PMA in Indonesia:
- Principle license and business license.
- Domicile letter.
- Deed of establishment.
- Approval of Business Registration Number (NIB)
- Tax identification number (NPWP)
- Taxable entrepreneur confirmation (PKP)
How do I start a foreign company in Indonesia?
The foreigner who works and resides in Indonesia is required to obtain a tax number (NPWP) and a work permit (KITAS). In order to set up a PT PMA in Indonesia, the shareholders must present a deed of establishment which needs to be legalized by a public notary.
How long does it take to register a company in Indonesia?
Approval of incorporation documents takes about 10 working days, after which you draft your articles of Association and apply for business licenses. The overall incorporation/registration period is between two and three months. And it is worth noting that Indonesia does not allow registration of branch offices.
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.
What is the most profitable business in Indonesia?
What Were Indonesia’s Most Profitable Listed Companies in 2015?
|Company||Sector||Net Profit 2015 (in IDR trillion)|
|Bank Rakyat Indonesia||Banking||25.41|
|Bank Central Asia||Banking||18.04|
What is a good business to start in Indonesia?
Top 4 Business Opportunities in Indonesia for Foreigners in 2021
- Travel Agency. With over 17,000 islands in Indonesia, the country offers diverse landscapes and purposes to augment global visitors’ traveling experience. …
- Manufacturing. …
- Construction. …
Can foreigners buy property in Indonesia?
According to Government Regulation No. 103/2015 on House Ownership of Foreigners Residing in Indonesia, it allows foreigners who reside (legally) in Indonesia to own landed houses in Indonesia for a period up to 80 years.
How can I start a small business in Indonesia?
Steps involved are:
- Obtain the Indonesian Investment Coordinating Board approval of representative office. This application requires the following documentation: …
- Obtain Domicile Letter. A letter of domicile must be obtained from the local government. …
- Register with the Tax registry. …
- Register with the company registry.
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%.
What limited liability company means?
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.