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How much does it cost to set up a company in Indonesia?

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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

Can foreigners start a business 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.

Is it easy to start a business in Indonesia?

Indonesia has become a country with massive economic growth, garnering attention from investors and entrepreneurs all over the world. With the many startups and available business ventures, it is possible for anyone, including foreigners, to start their own company in Indonesia.

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How do I register my small 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.

What is the most profitable business in Indonesia?

5 Most Profitable Industries in Indonesia Every New Entrepreneur Should Dive Into

  • Manufacturing.
  • Leisure and Tourism.
  • Mining and Energy.
  • Infrastructure.
  • Maritime, Shipping, and Ports Industry.
  • How Cekindo can Assist You in Starting a Business in Indonesia.

How do I start a foreign company 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 do I set up a PT company in Indonesia?

The Process Of Setting Up A Local PT. In Indonesia.

  1. Approval of company name at the Ministry of Law and Human Rights.
  2. Preparation of Association Article by Notary.
  3. Obtain Deed of Establishment at the Ministry of Law and Human Rights.
  4. Obtain Certificate of Domicile at the local government office.
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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.

How long does it take to start a business in Indonesia?

1 to 3 months
Starting a business in Indonesia ranges from 1 to 3 months – the time taken is highly dependent on how quickly business owners are able to send across company documents, deeds, reports to their market-entry consultants to fulfill the process.

What is the economy like in Indonesia?

Indonesia has a market-based economy in which the government plays a significant role, including administering prices for some basic goods such as fuel, rice and electricity. In terms of value added, the industrial sector accounted for 40 per cent of GDP in 2015.

Why do Indonesian companies have PT?

Perseroan Terbatas (PT) is the type of legal entity that a foreign company, foreign government, or foreign individual must use to run a revenue-generating business in Indonesia. Any Indonesian company that directly receives foreign investments must take the form of a PT.

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Starting a business in Indonesia ranges from 1 to 3 months – the time taken is highly dependent on how quickly business owners are able to send across company documents, deeds, reports to their market-entry consultants to fulfill the process.

What type of business entity is an Indonesia PT?

The Indonesian limited liability company (PT) The Indonesian LLC (Perseroan Terbatas) is the most commonly type of business entity used by locals to do business in Indonesia. An Indonesia PT’s paid up share capital depends on the size of the company.

How can a US company enter the Indonesian market?

Market Entry Strategy U.S. companies must visit the Indonesian market in order to properly choose an appropriate agent or distributor from Indonesia’s vibrant and experienced international business sector. Appointment of a representative requires care, since it is difficult to terminate a bad relationship.

What documents do I need to set up a company in Indonesia?

All Indonesian limited liability companies are required to possess a certificate of company domicile. This is issued by the head of the village where the company is located or by the building management if the office space is leased. This is required for several documents.