Sage-Tips

How can a foreigner start a business in Indonesia?

The following documents must be submitted to BKPM to start a foreign company PT PMA in Indonesia:

1. Principle license and business license.
2. Domicile letter.
3. Deed of establishment.
4. Approval of Business Registration Number (NIB)
5. Tax identification number (NPWP)
6. Taxable entrepreneur confirmation (PKP)

How can I incorporate my business in Indonesia?

How to Apply for a Business License

1. Obtain your company’s Deed of Establishment (DOE)
2. Apply for SIUP (Surat Izin Usaha Perniagaan)
3. Apply for Business Registration Number.
4. Have your company registered with the taxation office for tax compliance purposes.
5. Obtain work visas.
6. Set up a corporate bank account.

How long does it take to register a company in Indonesia?

between 1 to 1.5 months
How long does it take to do company registration in Indonesia? It should take between 1 to 1.5 months.

Can foreigners register a company in Indonesia?

Foreigners can either set up a limited liability company which is 100\% foreign owned or a limited liability company through a joint venture with Indonesian partners.

Can foreigners own in Indonesia?

Local Company (PT) in Indonesia Under Indonesian law, a foreigner cannot wholly own a PT, which can only be owned by Indonesian citizens. While there are some legal hoops to jump through, PTs enjoy certain legal benefits over other types of business. PT founders can take advantage of lower incorporation costs.

Can a foreigner own a business in Indonesia?

How can I start PMA in Indonesia?

Establish a PMA Company in Indonesia: The Procedure

1. Step 1 – Approval of Company Name.
2. Step 2 – Deed of Incorporation.
3. Step 3 – Approval of Legal Entity.
4. Step 4 – Registration of Tax ID (NPWP)
5. Step 5 – Domicile Letter.
6. Step 6 – Application of NIB.
7. Step 7 – Application of Other Licenses.

What is the best small business in Indonesia?

25 Business Ideas in Indonesia

1. Internet Service Provider. Internet usage is very high in Indonesia.
2. Hotels and Resorts.
3. Start a Travel and Tourism Business in Indonesia.
4. Rice Production.
5. Palm Oil Production.
6. Open an IT Service Company in Indonesia.
7. Online Retail Marketing.
8. Start a Food Truck Business in Indonesia.