Home Blogs Business Set Up Indonesia: Overview Business Setup | Company Registration | Indonesia Business Set Up Indonesia: Overview InCorp Editorial Team 11 November 2016 3 minute reading time Table of Contents Indonesia Company Registration More details and Important Questions for Business Overview Contact Us Indonesia Company Registration When you are planning to expand your business to Indonesia, you might need a clear overview to guide you on running the business in this country. You can see the summary of our services in the table below to help you find which solution might fit the best for your business. Services Duration Local Company (PT) Foreign-Owned Company (PMA) Representative Office BUSINESS SET UP Company Registration 1-1.5 Month 1-1.5 Month 1-1.5 Month Trademark 24 – 34 Months 24 – 34 Months – Closing Company 8 – 12 Months 8-12 Months 3 Months Business & Import Licenses 1 Month 1 Month N/A Product Registration Depends on Product Type Depends on Product Type N/A Market Research & Analysis Depends on Scope of Work Depends on Scope of Work Depends on Scope of Work Local Partner Selection 2 Months 2 Months 2 Months Trade Mission 1-2 Months 1-2 Months 1-2 Months BUSINESS PROCESS OUTSOURCING Recruitment & HR Establishment 1 Month 1 Month 1 Month Payroll Processing Monthly and Minimum 1 Year Monthly and Minimum 1 Year Monthly and Minimum 1 Year Accounting & Tax Reporting Monthly/Annual Monthly/Annual Monthly/Annual Audit & Review Depends on Scope of Work Depends on Scope of Work Review Once a Year Business Visa & Work Permit 7 Working Days (Business); 2,5 months (work permit) 7 Working days (business); 2,5 months (work permit) 7 Working days (business); 2,5 months (work permit) Retirement & Other Visa in Indonesia 2 Months 2 Months 2 Months LOCAL PRESENTATION Project Management & Coordination Depends on Scope of Work Depends on Scope of Work Depends on Scope of Work Local Distributor & Partner 2 Months 2 Months 2 Months Buying Agent 1 Month 1 Month 1 Month Virtual & Serviced Office 1 Day 1 Day 1 Day Mystery Shopping 6 Weeks 6 Weeks 6 Weeks More details and Important Questions for Business Overview Summary of Service Local Company (PT) Foreign-Owned Company (PMA) Representative Office Is it legal for tax exemption if properly structured? Yes Yes Yes Do you need a local Indonesian citizen as a sponsor? Yes Depends on NIL (Negative Investment List) No Must appoint an Indonesian resident as bank signatory? Yes No No Security deposit to be kept with the government? No No No Client must travel to Indonesia? No No N0 COMPANY REGISTRATION Resident director / manager required? Yes Yes Yes Resident shareholder / partners required? Yes Depends on NIL (Negative Investment List) No Government foreign investor approval required? No No No Shelf companies available? Yes Yes No Can have preference shareholders? Yes Yes No ACCOUNTING AND TAX CONSIDERATIONS Statutory coporation tax payable? Yes Yes Yes Must file annual Indonesia tax return? Yes Yes Yes Must file annual financial statements? No No No Must appoint an auditor? No No No Access to double taxation treaties? BUSINESS CONSIDERATION Can invoice local customers in your company name? Yes Yes Yes Can hire local staff in your company name? Can rent local office space in your company name? No No No Residence visa for business owner? Yes Yes Yes Good entity for trademark registration? Yes Yes Yes Overall Cekindo’s services enable customers and partners to reduce the problem and giving the solution and optimize solution performance based on customers’ unique business needs. Contact Us Please send your question by filling in the form below. Our consulting team will quickly answer you via E-mail. You can visit our office to know more details about our services. Read Full Bio David Susandi Branch Manager – Bali Office at InCorp Indonesia Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia.