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Business Set Up Indonesia: Overview

Business Set Up Indonesia: Overview Review by Michal Wasserbauer on 11. 11. 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.
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 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 DurationLocal Company (PT)Foreign Owned Company (PMA)Representative OfficeLocal NomineeShelf Company
BUSINESS SET UP
Company Registration 1-1.5 Month1-1.5 Month1-1.5 Month1-1.5 Month1 Week
Trademark24 – 34 Months24 – 34 Months24 – 34 Months24 – 34 Months
Closing Company8 – 12 Months8-12 Months3 Months8-12 Months8-12 Months
Business & Import Licenses 1 Month1 MonthN/A1 Month1 Month
Product RegistrationDepends on Product TypeDepends on Product TypeN/ADepends on Product TypeDepends on Product Type
Market Research & Analysis Depends on Scope of Work Depends on Scope of WorkDepends on Scope of WorkDepends on Scope of WorkDepends on Scope of Work
Local Partner Selection2 Months2 Months2 Months2 Months2 Months
Trade Mission 1-2 Months1-2 Months1-2 Months1-2 Months1-2 Months
BUSINESS PROCESS OUTSOURCING
Recruitment & HR Establishment1 Month1 Month1 Month1 Month1 Month
Payroll ProcessingMonthly and Minimum 1 YearMonthly and Minimum 1 YearMonthly and Minimum 1 YearMonthly and Minimum 1 YearMonthly and Minimum 1 Year
Accounting & Tax Reporting Monthly/AnnualMonthly/AnnualMonthly/AnnualMonthly/AnnualMonthly/Annual
Audit & Review Depends on Scope of WorkDepends on Scope of WorkReview Once a YearDepends on Scope of WorkDepends on Scope of Work
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)7 Working days (business); 2,5 months (work permit)7 Working days (business); 2,5 months (work permit)
Retirement & Other Visa in Indonesia 2 Months2 Months2 Months2 Months2 Months
LOCAL PRESENTATION    
Project Management & Coordination  Depends on Scope of WorkDepends on Scope of WorkDepends on Scope of WorkDepends on Scope of WorkDepends on Scope of Work
Local Distributor & Partner 2 Months2 Months2 Months2 Months2 Months
Buying Agent1 Month1 Month1 Month1 Month1 Month
Virtual & Serviced Office 1 Day1 Day1 Day1 Day1 Day
Mystery Shopping6 Weeks6 Weeks6 Weeks6 Weeks6 Weeks

 

 More details and Important Questions for Business Overview

Summary of ServiceLocal Company (PT)Foreign Owned Company (PMA)Representative Office
Is it legal for tax exempt if properly structured? YesYesYes
You need a local Indonesian citizen as a sponsor? YesDepends on NIL (Negative Investment List)No
Must appoint an Indonesian resident as bank signatory? YesNoNo
Security deposit to be kept with government? NoNoNo
Client must travel to Indonesia?NoNoN0
COMPANY REGISTRATION
Resident director / manager required?  YesYesYes

Resident shareholder / partners required? 

YesDepends on NIL (Negative Investment List) No
Government foreign investor approval required?  NoNoNo
Shelf companies available?  YesYesNo
Can have preference shareholders?  YesYesNo
ACCOUNTING AND TAX CONSIDERATIONS
Statutory coporation tax payable?  YesYesYes
Must file annual Indonesia tax return?  YesYesYes
Must file annual financial statements? NoNoNo
Must appoint an auditor? NoNoNo
Access to double taxation treaties? 
BUSINESS CONSIDERATION
Can invoice local customers in your company name?  YesYesYes
Can hire local staff in your company name? 
Can rent local office space in your company name?NoNoNo
Residence visa for business owner?YesYesYes
Good entity for trademark registration?YesYes 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.


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