How do I start a startup in Indonesia?
Steps involved are:
- Obtain the Indonesian Investment Coordinating Board approval of representative office. This application requires the following documentation:
- Obtain Domicile Letter. A letter of domicile must be obtained from the local government.
- Register with the Tax registry.
- Register with the company registry.
How do I set up a company in Indonesia?
The following documents must be submitted to BKPM to start a foreign company PT PMA in Indonesia:
- Principle license and business license.
- Domicile letter.
- Deed of establishment.
- Approval of Business Registration Number (NIB)
- Tax identification number (NPWP)
- Taxable entrepreneur confirmation (PKP)
How much does it cost to set up a company in Indonesia?
Fees
| Different Indonesia entity types | Cost | Draft invoice |
|---|---|---|
| 100\% wholly foreign owned trading LLC | US$19,440 | View invoice PDF |
| Representative office | US$19,250 | View invoice PDF |
| PT company | US$13,500 | View invoice PDF |
| Free zone | US$18,100 | View invoice PDF |
What is required for a startup business?
Your startup company needs a physical address and a web address. Whether it’s offices, retail space, or a manufacturing location, you need to buy or lease a property to operate your business.
Why do Indonesian companies start with PT?
Also known as a foreign investment limited liability company, a PT is a business entity that allows foreign investors to conduct commercial activities in Indonesia. Any Indonesian company that directly receives foreign investments must take the form of a PT.
How do I register my small business in Indonesia?
How to Apply for a Business License
- Obtain your company’s Deed of Establishment (DOE)
- Apply for SIUP (Surat Izin Usaha Perniagaan)
- Apply for Business Registration Number.
- Have your company registered with the taxation office for tax compliance purposes.
- Obtain work visas.
- Set up a corporate bank account.
Where can I register my business in Indonesia?
To register your company, submit your duly filled application at the Investment Coordinating Board of Indonesia offices.
- Obtain your company’s Deed of Establishment (DOE)
- Apply for SIUP (Surat Izin Usaha Perniagaan)
- Apply for Business Registration Number.
How do I get a business license in Indonesia?
Requirements
- Copy of permit approval for investments.
- Copy of Deed of Establishment and its amendments.
- Copy of company domicile, NPWP and TDP.
- Copy of contract/rental of business premises and certificate from the owner of the building.
- Copy of ID card and passport or KITASfor foreigners.