InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
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Get assistance from experts with a decade of experience in assisting international business owners expanding into Indonesia.
Avoid any bureaucratic complexity when closing your company by engaging with our experienced legal advisors.
What type of legal entities should you choose to register a company in Indonesia? We can assist you in choosing which is the best one to grow your business.
To help businesses survive during this unfortunate time, InCorp provides corporate recovery in Indonesia and insolvency services.
Granting an environmental permit in Indonesia needs an Environmental Impact Analysis (AMDAL) in advance.
Obtaining property & land ownership in Indonesia offers some challenges for foreigners. However, buying property in Indonesia is attainable with specific resources and documents.
Recent regulatory changes have a knock-on effect on Indonesia's Merger & Acquisition landscape. Check on how we can navigate you through your M&A in Indonesia.
InCorp provides Virtual Office services Indonesia in various locations: Jakarta, Bali, Semarang, Surabaya, and Batam.
Applying for a B3 waste permit in Indonesia is important to ensure your business aligns with government regulations.
Business process outsourcing in Indonesia is a viable option to streamline bureaucratic complexities that hurdle your business expansion objectives.
InCorp offers a complete range of accounting service Indonesia, from tax reporting to auditing.
With professional financial audit services from InCorp, you can ensure all accounting activities are accurately recorded and compliant with Indonesian regulations.
Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country.
Financial and Operational Resilience services from InCorp are developed to support businesses and help them survive during this difficult time.
Payroll services in Indonesia are a practical solution to avoid unnecessary complexities while you focus on growing your business.
Using a recruitment agency in Indonesia will help you hire the best candidates for your company, saving you time and money.
Tax consulting in Indonesia are the shortcuts to fulfill the administrative obligations with high accuracy and in a timely manner.
The Indonesian government promotes tax holidays as one of the fiscal incentives to attract major foreign direct investment in Indonesia.
Operating businesses in Indonesia, entrepreneurs must comply with the regulations accordingly, especially concerning taxes.
Our expert consultants on tax reporting services in Indonesia ensure prompt fulfillment of administrative obligations with utmost accuracy.
Streamline your global business operations with a Global Mobility Service as one complete solution from InCorp Indonesia.
Immigration in Indonesia is one of the strictest and most complex processes due to its ever-changing regulations. InCorp provides a seamless experience in obtaining your stay and work permits.
Avoid any hassles by engaging with an experienced visa agent in Indonesia.
A dependent visa Indonesia is a document that allows foreigners to bring their family while settling down in the country.
Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
Overseas Visas are required for Indonesians who are planning to stay abroad for an extended period of time.
KITAP is a permanent stay visa for foreigners who have intentions to stay in Indonesia.
Foreign retirees often find their plans stuck due to the complex visa application process. InCorp helps expedite the process.
Obtaining a social visa is daunting if you are not familiar with the countrys complex bureaucratic processes. Consult with us for a seamless Indonesian visa application experience.
Foreigners married to an Indonesian citizen are eligible for a spouse-sponsored KITAS.
Learn how to obtain an Indonesian tourist visa seamlessly and securely, directly from a trusted visa and travel agent.
Get assistance from a trusted visa agent in Indonesia to make your traveling plan to Indonesia even more convenient.
Expedite your Indonesian work permit application process by engaging with a trusted visa agent.
If you’re a member of the Indonesian diaspora and have lost your citizenship, you can get a diaspora visa to return home more quickly. InCorp Indonesia can help you take full advantage of this benefit.
All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
Learn more about the cosmetic product registration services in Indonesia.
Learn more about exporting goods to Indonesia.
Learn more about the food & beverage product registration services in Indonesia
Learn how to go through halal certification in Indonesia directly from experts successfully.
Learn more about the health supplement product registration services in Indonesia.
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Learn more about importing goods from Indonesia
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
Learn more about the medical device registration services in Indonesia.
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Register a trademark is necessary to avoid legal issues in the future. InCorp can help you with Trademark Registration services in Indonesia.
Compliance is one of the most challenging parts of business overseas, especially in a country packed with complex bureaucratic processes such as Indonesia.
Updating business documents to align with your company’s growth can be a hassle.
Due Diligence services are needed to assess the credibility of the company or partner you wish to work with or acquire in Indonesia
From Company Regulations to Employment Agreement Drafting, Employment law services from InCorp will help you to compliance with employment policy in Indonesia.
InCorp’s legal consultation services in Indonesia are crafted to help your business settle and fully comply with the latest regulations.
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Transfer Pricing in Indonesia occurs when a company performs an internal transaction within the same business group or its subsidiaries
InCorp's transfer pricing advisory services in Indonesia are marked by the objective to support our clients' business needs.
Our transfer pricing services provide you with a hassle-free experience while still complying with the legal aspects of transfer pricing in Indonesia.
As the market-entry consulting firm in Indonesia, InCorp provides a wide range of customized solutions to ease the business incorporation process.
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InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
IMEI Registration in Indonesia is necessary to ensure telecommunication devices from abroad can function properly in Indonesia.
With offices in Jakarta, Bali, Semarang, SUrabaya, and Batam, InCorp is ready to assist you as a local partner and distributor in Indonesia.
InCorp can help you to select the trusted local partners to import and distribute your products in Indonesia.
Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
InCorp can help you gain information about your competitor's product through mystery shopping.
Undoubtedly, Indonesia offers great business opportunities whether for local citizens and also for foreign people. To carry out and start a profitable business in Indonesia, a foreigner needs to open a foreign limited liability company or a foreign-owned company (PT PMA) in Indonesia.
The Incorporation of a limited liability company is governed by Company Law No. 40 of 2007 (the “Company Law”). Once a business decides to expand and takes advantage of this growing market, it will need expert help in navigating the rules on how to register a company in Indonesia.
Most foreign-owned companies establish the Indonesian version of a Limited Liability Company (LLC), which is known as a PMA—Penanaman Modal Asing–in Indonesia since it can take the form of a 100% foreign-owned limited liability company or can be established as a limited liability company through a joint venture with Indonesian partners.
The advantages of this type of company are that it gives the foreign investor full control over the direction of the company, no restriction on where a PMA can operate in Indonesia and reduces the risk of finding a suitable local partner.
Certain business fields require a foreign-owned company to establish a local partner and are allowed up to a certain percentage of ownership depending on the sector. The specifics of this are covered in the Negative Investment List.
However, there are some business activities that are closed for foreign ownership based on Positive Investment List, therefore should be established as Local Indonesian companies (refers to President Regulation of Republic of Indonesia No.39/2014 concerning the list of business fields that is closed to Investment and business field that are conditionally open for investment).
Regarding the updated regulation from BKPM, investors should invest above IDR 10 billion as their investment plan, which is also the minimum paid-up capital.
An investment plan can be either cash or fixed assets such as machinery however it is excluded for Land and buildings.
Paid-up capital shall be paid after the company is established and has a bank account (stated by notary letter). A company needs to reach investment realizations above USD 1 million for obtaining a Business license as their permanent license, import license, and other licenses which relate to the company’s sector.
Read more: Starting A Business in Indonesia (Foreign-owned Setup): FAQ
The application for a company name is conducted through an online system, which can be accessed by a notary. The Ministry of Law and Human Rights can reject the name for a variety of reasons, including if it already exists or is similar to the name of another company. Based on the latest Indonesian regulation, the company name should consist of three words. It shall not contain words that are considered vulgar or obscene in Indonesia.
The Indonesian Investment Coordinating Board (BKPM) is the central authorized body for receiving, reviewing, and approving foreign investment applications as well as monitoring approved and running projects. The investor should submit their application and investment plan which describes their investment realizations above USD 1,000,000. The investment plan will be reviewed and revised by BKPM.
Once it has been approved, BKPM will issue the Principle License as a Temporary Investment Permit. The principal License will be valid for one year and can be extended for two years. Then the company needs to apply for Business License within three years.
After obtaining a Principle License from BKPM, the investor is allowed to establish a Foreign-Owned Limited Liability Company (PT. PMA) by arranging for an Article of Association through a notary, which is valid as an Article of Association for the company.
The Article of Association shall be submitted to the Ministry of Law and Human Rights to be legalized.
The next step is to obtain a Certificate of Domicile from the landlord of the office building and from the Sub District (“Kelurahan”), which states the address of the company.
The company shall obtain a Tax Payer Registration Number (NPWP) and a letter of registered tax (Surat Keterangan Terdaftar Pajak/SKT) at the Tax Office located at the same sub-district. NPWP is valid as the company’s tax ID and beneficial for proposing a bank loan, obtaining other necessary company documents as well as for the company’s tax payment.
To finalize PT PMA company registration, the company must arrange a company identity number from Provincial Government to officially register the company in the region.
The PMA company registration process in Indonesia is very precise and can be demanding. In addition, as the ASEAN nations update and alter business regulations, having an expert partner on the ground in Indonesia can be critical to success. Engaging professional assistance helps companies navigate local regulations and understand the culture of business in Indonesia. Check more for a complete overview of business services in Indonesia.
Read more: Top 10 Foreign Owned Business in Indonesia
The Indonesian government has made it easier for foreign investors to invest, register a foreign-owned company in Indonesia. If in the past years the company registration process took at least two months to be completed, the case is different in 2023. Now, a foreign investor can have their company registered in between 1 and 1.5 months.
Another simplified procedure takes place in Jakarta. If you want to set up your business or foreign-owned company in Jakarta, you are not required to submit Company Domicile (SKDP). This regulation has been running effectively since May 2019.
As such, the company registration process for PT PMA in 2023 looks like the following. The registration is done via the Online Single Submission (OSS) system.
Please send your question regarding foreign-owned company in Indonesia by filling in the form below. Our consulting team will quickly answer you via E-mail. You can visit our office or read more to know more details about how to open a foreign company in Indonesia.
An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.
Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.
We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.
We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.