Home Blog Business Set Up Indonesia: Overview Business Setup | Company Registration | Indonesia Business Set Up Indonesia: Overview InCorp Editorial Team 11 November 2016 3 minutes 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 Verified by Daris Salam COO Indonesia at InCorp Indonesia With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships. Frequently Asked Questions Can a PMA company keep non-Rupiah bookkeeping and use a language other than Indonesian? For tax purposes in Indonesia, companies must maintain their books in Rupiah, using the Indonesian language, and store them within the country. Exceptions for using USD and English in bookkeeping require prior notification to the authorities and any use of languages other than Indonesian needs approval from the Ministry of Finance. Is there limited responsibility for shareholders in a PMA company? In a PMA Company in Indonesia, shareholders typically have limited liability, meaning they’re not personally liable for agreements or losses beyond their shareholding, except in certain circumstances. Liability may extend if the company isn’t properly established or if shareholders exploit the company in bad faith, engage in unlawful acts, or deplete company assets to the detriment of creditors. Can investors own shares with preferential rights? Under Indonesian Company Law, shareholders can hold shares with various preferential rights, such as voting rights, nomination rights for board members, priority dividend or liquidation proceeds, and options for conversion or withdrawal after a set period. How to conduct a company registration in Indonesia for a foreigner? A foreign-owned company (PT PMA) in Indonesia is a popular choice among foreigners to set up a business. Foreign investors must check Indonesia’s Positive Investment List to see which businesses are open to foreign direct investment. Get in touch with us. Lead Form Subscribe Full NameEmailPlease provide corporate email where possiblePhone NumberOffice SetupWhich city are you planning to expand into?JakartaSemarang/Central JavaBali/LombokBatam/SumateraSurabaya/East JavaOther ProvincesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Package (20% OFF)[SPECIAL PACKAGE] Product Registration + License Holder (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration + Office Service (20% OFF)[SPECIAL PACKAGE] Comprehensive Industrial Package (15% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (25% OFF) + Office Space (Private Office 30% OFF)[SPECIAL PACKAGE] Company Registration + Investor KITAS (25% OFF)[SPECIAL PACKAGE] Accounting + Tax Services+ Annual Fintax Report (20% OFF)[SPECIAL PACKAGE] Payroll Services for Executive Role (20% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -[SPECIAL PACKAGE] Company Registration (20% OFF) + Office Service (25% OFF)[SPECIAL PACKAGE] Company Registration + Micro Finance Services (25% OFF)[SPECIAL PACKAGE] Property Assistance: Due Diligence + AJB Purchase/Lease Agreement (25% OFF)Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesType of Service- Please Select -Business SetupAccounting and TaxHR & Payroll servicesImmigration ServicesProduct Registration and ImportCompliance and Secretarial ServicesBusiness AdvisoryMore ServicesServices Company Registration Renting Virtual and Serviced Office Mergers and Acquisitions Business and Import Licenses Corporate Recovery and Insolvency Closing of Company (Dissolution) Land and Property Ownership Shelf Company Local NomineeServices Accounting and Tax Reporting Audit and Review Transfer Pricing Compliance Tax RefundHuman Resource Sub Services Payroll Outsourcing Employer of Record Recruitment and HR Establishment Employment ServiceServices Business Visa Work Permit and KITAS Dependent Visa (Spouse and Family) OtherBusiness Visa Subservices Business Visa Visit Visa Visa ExtensionServices Medical Device Beauty (Skincare and Cosmetic) Food and Beverage Health Supplement Household Product Halal Certification TrademarkServices Legal Consultation Legal Agreement Service Due Diligence and Background Check Company Documents RevisionBusiness Advisory Business Advisory Services ESG Reporting & Advisory Internal Audit Risk ManagementMore Services Market Research and Analysis Local Distributor and Partner Bank AccountMessageSubmit What you’ll get A prompt response to your inquiry Knowledge for doing business from local experts Ongoing support for your business 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. More on Business Setup ASEAN’s Plans to Implement an Online Payment Gateway Read more Annual Tax Return in Indonesia for Freelancers: An Easy Guide Read more F&B Services’ Compliance in Indonesia: Tending to Clipped Wings Read more