• id

3-hour Investment Licensing Service: A Breakthrough in Indonesia’s Economic Package

Posted 25.04. 2016 by Cekindo / Last update on 20.12. 2017

3-hour Investment Licensing Service: A Breakthrough in Indonesia’s Economic Package Review by Michal Wasserbauer on 25. 4. 2016 Company Registration in Indonesia, Market Research in Indonesia, Work Permit in Indonesia, Product Registration in Indonesia, Local Partner Selection in Indonesia, Trade Mission in Indonesia, Company Formation in Indonesia, Company Establishment in Indonesia, Company Set Up in Indonesia, Payroll Outsourcing in Indonesia, Tax Reporting in Indonesia, Medical Product Registration in Indonesia, Medical Device Registration in Indonesia, Cosmetic Registration in Indonesia, Food Supplement Registration in Indonesia.
Rated
Warning: rand() expects exactly 2 parameters, 1 given in /home/cekindob/public_html/cekindo.com/wp-content/themes/cekindo_2016/single.php on line 28

Investing in Indonesia is getting faster and easier now. Since January 2016, The Investment Coordinating Board (BKPM) has launched a three-hour investment permit service for investors.

The service is part of BKPM’s One-Stop Integrated Service (PTSP) program, which will allow prospective investors with a minimum investment of IDR 100 billion (US$7.33 million) and/or absorb a workforce of more than 1,000 people to have their preliminary permits.

The whole investment license process took only 3 hours at the BKPM office. The investor is supposed to receive eight preliminary permit documents including a principal license, tax ID and work permits (RPTKA and IMTA), deed of establishment, include the land-booking letter issued by the Ministry of Agrarian and Spatial Planning.

The process to get the permits is much shorter now. Before this service launched, the  maintenance  of three principal permission to invest in Indonesia, like  permits investment principles, Deed of Establishment and Taxpayer Identification Number (TIN) takes up to 11 days.

3-hour Investment Licensing Service Process

Several details to be considered:

  1. Planned value of investment at least IDR 100 billion.
  2. and / or absorbing at least 1.000 local workers
  3. Application must be submitted directly by at least one candidate of the proposed company shareholder
No Product Type Requirements Information
1 Investment License

1. A valid passport, if the individual foreign participants

2. Article of Association, if the foreign participant companies

3. ID card and Tax ID, when the individual participant Indonesia

4. Deed and attestation Menkumham, when participants Indonesian companies

5. Flowchart of the production process for industrial business field

BKPM
2 Deed and its endorsement

1. Passport (Foreign Shareholders people)

2. ID / NPWP (individual shareholders Indonesia)

3. Article of Association (Pemegnag shares of foreign companies)

4. Deeds + TIN (Indonesian company shareholders)

5. Name of the Company 

6. Purpose and Objectives

7. Name of Shareholders

8. The composition of the percentage of share ownership

9. The composition of the Board of Directors and Commissioners

10. Limitation of authority of Directors and Notary

11. Investment Permit

12. Tax ID company

Notary

For additional information, when it comes to PTSP Centre at BKPM, besides shareholder (all or one of them), it must also be present in charge of the PT that will be established in Indonesia (Commissioner and Director) is intended for the maintenance of Tax ID and more licenses (TDP, API, RPTKA, IMTA, etc.) in the Central PTSP BKPM requiring the identity of the responsible PT to be established in Indonesia.

Cekindo will assist you to get investment permit service in Indonesia through this breakthrough 3-hour Investment Licensing Service. Please feel free to contact us.



Do you like this article?

GET THE LATEST INDONESIAN BUSINESS NEWS REGULARLY, JUST ONE CLICK AWAY.



6 Responses to “3-hour Investment Licensing Service: A Breakthrough in Indonesia’s Economic Package”

  1. […] One great advantage of investing in this metropolitan is because of the relatively lower cost of resources and living expenses compare to the great capital of Jakarta. This condition will reduce the initial cost to start and run a new foreign company. Many companies in nearby countries, like Singapore and Australia have increased interest to invest in this capital city of East Java. The local government of Surabaya is also getting more efficient with its bureaucracy, making the PMAs find it easier to deal with permits and other legal documents (find out more how invest in Indonesia is getting faster and easier). […]

  2. […] Amendment, which is valid from August 2016. The newest regulation is issued for better and easier bureaucracies that finally can increase foreign investments, which will bring benefits for the development of […]

  3. […] SBU is a certificate of recognition about competence and capabilities of parent company in the field of construction service business. Meanwhile, BUJKA is a principle license issued by BKPM, which is needed to be able to start the business legally in Indonesia. On the other hand, SIUJK is a business license issued by the local government where the company is located. In order to establish a BUJKA, the company should first get an SBU In fact, all license and requirements set by the local government must be fulfilled so that the company can operate in the city of Indonesia where it is located and can do all the bureaucracies easily. […]

  4. Manu asvalayan says:

    I want to open a pma which value is above 8 million usd. I want to get this done asap and the business will be e commerce. Can we discuss if you can help and how much will you charge to assist?

  5. Manu asvalayan says:

    I wnat to open a pma under 3 hr window. Can you assist? How much will you charge.

  6. Libor Uhlík says:

    Hi Manu,

    Thank you for contacting Cekindo.
    Please apologize for delay reply.

    Cekindo is a market entry consulting firm based in Jakarta, Indonesia. We provide one-stop services assisting foreign entities and entrepreneurs from various industries to successfully expand to the Indonesian market.

    Cekindo have experiences in assisting our clients from various industries to establish a company in Indonesia including establish company through BKPM 3 hours services. For your information, these are some criteria that should be fulfilled to establish company through BKPM 3 hours services :

    1) Investment Plan of minimum IDR 100,000,000,000 and/or employ local employee above 1,000 people
    2) The shareholder of company is mandatory to present during the BKPM 3 hours services. In addition, the director should present to BKPM as well

    Our consultants already send you more detailed information in your personal email.

    Should you have further question, do not hesitate to contact us.

    Thank you and look forward to hear from you.
    Libor Uhlík

Leave a Reply