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InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
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.
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.
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 country’s 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.
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.
Learn more about the household product registration services in Indonesia.
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.
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.
Organizations must continuously evolve and transform to remain competitive and relevant in todays global environment ...
Companies face many opportunities and challenges as a result of a changing market and regulatory landscape ...
Adopting Environmental, Social, and Corporate Governance (ESG) practices can improve your company’s value ...
Risk Management services from InCorp Indonesia can assist companies in building confidence when making future business decisions ...
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.
Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia, here.
InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
InCorp can help foreigners to get the driving license in Indonesia, whether SIM A or SIM C. Check out the requirements and the procedure, here.
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.
The economy and the population make Indonesia a very attractive market to set up a company. Between the rapidly growing middle class and increased government expenditures in health care and infrastructure, opportunities abound.
Indonesia has abundant natural resources and a strategic location in the international water, a large number of populations, approximately 230 million people do have the potential and capability to support the investment climate.
Indonesia has also made substantial progress in the field of democracy economic reforms and security over the last decade. Indonesia is welcoming foreign capital investors.
The road to business success in Indonesia can be paved with challenges and frustrations without the proper guidance in how to register a company in Indonesia. The requirements for foreign-owned company registration in Indonesia can be complex and sometimes seem chaotic.
Hence, we provide you this article to give foreign investors a deeper insight and idea about company formation, particularly about investing and establishing a company in Indonesia.
If you want to establish a business in Indonesia as a foreigner, note these points:
This can be useful in the early stages of business, but may not be flexible enough for some ventures. This gives a company a legal presence in Indonesia but does not allow a firm to conduct business transactions or take payments for sales.
If a company only wants to sell products in Indonesia, then a local partner can help find the proper agents and distributors and pursue product licensing in Indonesia.
This type of business entity is more suitable for marketing and market research purposes before deciding to open a complete legal entity like PT PMA in Indonesia. More about Representative Office in Indonesia.
This is basically a limited liability company (LLC) called PT in Indonesian. Known as a PT PMA—Penanaman Modal Asing–it is the only way to open a foreign-owned company registration in Indonesia.
In Indonesia, the core of law that regulates FDI Company are Law No. 25 of 2007 regarding Capital Investment (hereinafter referred to as “Investment Law”), and Law No. 40 of 2007 regarding Limited Liability Company (hereinafter referred to as “Company Law”).
Also President Regulations No. 39 Year 2014 regarding List of Business Fields Closed ad Open with Conditions to Investment which also known as Indonesian Investment Negative List.
Any business that has foreign shareholders must register as a PMA. Some market sectors have percentage requirements for Indonesian ownership. Depending upon the nature of a business, a foreign company will need to comply with those rules as well.
The Indonesian Government maintains a Negative Investment List (DNI), which spells out what areas of business are unavailable to foreign investment or are restricted in some way. Some fields are open to full foreign-owned companies, which are also identified in the DNI.
To complete company registration in Indonesia, a firm must get approval to invest from the country’s Investment Coordination Board. Doing this efficiently will require a local consultant to assist with researching documents and preparing investment approval paperwork.
While this part of the process can be fairly quick, it is only the first step in a rigorous program of licensing and registration requirements. But this is only the beginning of the process.
Once Investment Approval is given, there are several other licenses the investor must seek from local authorities, depending upon the exact nature of the business activity.
This can take considerable time and is often fraught with bureaucratic chicken-egg situations. The SP also permits the investor to establish an Indonesian company, a process that will take at least two months.
Here’s the detailed timeline for the PMA registration process:
One of the initial challenges in establishing a business is the minimum capital requirement for foreign-owned companies set up in Indonesia. The required minimum for foreign-owned companies in any industry is US 750,000 as of the equivalent 10 billion Indonesian Rupiah.
The required figure may seem very high, but the investment law is designed to protect small and medium local Indonesian companies.
This allows the government to deny foreign investment plans that are too small. Based on the new regulation from the beginning of 2015, the implementation of this minimum capital investment plan has now become a priority requirement for any PMA to actually spend the IDR 10 billion investment plan before able to obtain a permanent Business Licence.
Since the permanent business license is very important to further apply other licenses such as Export/Import Licences etc. Hence it is important to be able to fulfill this minimum capital plan as soon as possible.
The Indonesian Government does require that a company have at least IDR 10 billion investment in paid-up capital, regardless of how much a company decides to invest.
This can be accomplished by simply depositing the funds in an Indonesian bank. The more popular option is to get a notarized letter, signed by all shareholders, that explains that the capital will be paid when the company is registered.
Other requirements to incorporate a PMA in Indonesia to provide a minimum of 2 shareholders, 1 Director, and 1 Commissioner.
Once the company is registered and all legal documents are obtained the PMA company then can be applied to make a Company Bank Account to be used for depositing the paid-up capital in which the PIC of the company if a foreigner should hold a Working Visa first.
Although PMA Company is allowed to hire foreign employees, there’s still some limitation when submitting the application form to BKPM. A PMA will be obliged to have a 1 : 3 benchmark between the number of local employees and foreign employees.
When it comes to PMA registration in Indonesia, a lot has changed. The Indonesian government has made it easier, quicker, and simpler to register and open a PT PMA in Indonesia. The 2021 updates are as follows:
A PT PMA requires at least IDR 10 billion (USD 750,000) capital investment, which is also the new paid-up capital amount.
Except for Jakarta, a domicile letter is still required for company registration in Indonesia. It is important to know that a residential address is strictly prohibited to carry out a business in Indonesia.
If you want to avoid the large cost of building up a new office, you can always opt for a virtual office or a serviced office in Indonesia.
The Online Single Submission (OSS) system has been implemented to ensure a seamless company registration process online. Being done online, company registration is streamlined.
In short, the process of registering a PMA is as follows:
As a foreign investor who is unfamiliar with the local regulations in Indonesia, it is always advisable to consult with an expert regarding how to open a PT PMA in Indonesia.
Your PMA incorporation in Indonesia will be hassle-free with a step-by-step guide provided by an incorporation specialist.
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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.