Indonesia Company Registration

Fionza Consultants is your ultimate partner for seamless Indonesia Company Registration services. Our comprehensive package encompasses Indonesia company formation, the appointment of local nominee directors, facilitating the setup of Indonesia corporate bank accounts, streamlining visa applications, and ensuring a smooth BKPM license application process. Trust Fionza Consultants as your one-stop solution to kickstart your business operations in Indonesia, fully compliant with all legal requirements

Bahamas

Company Registration – 8 Week
Local Director? – No
Bank Account Opening – 4 Weeks
Travel Required – No

Indonesia company registration

Indonesia company registration becomes a hassle-free endeavor when you partner with Fionza Consultants. With us handling the intricacies, you can focus your valuable time and resources on more critical aspects of your business.

Our agile approach ensures a seamless journey through the entire company registration process in Indonesia, guaranteeing that your Indonesian company is up and running within the specified timeframe.

Our all-inclusive service package covers every essential element for foreign company registration in Indonesia:

Indonesia Company Registration: We facilitate the entire process, ensuring your business is legally established.
Local Resident Director: We provide a qualified local resident director to meet regulatory requirements.
Local Company Secretary and Registered Address: Our services include a local company secretary and a registered business address, simplifying compliance.
Securing BKPM Foreign Investment Approval: We navigate the complexities of securing Investment Coordinating Board (BKPM) foreign investment approval on your behalf.
Corporate Bank Account Setup: We assist in opening local or international corporate bank accounts, streamlining your financial operations.
Annual Accounting and Tax Services: Count on us for comprehensive accounting and tax services to ensure ongoing compliance.

Trust Fionza Consultants to guide you through the Indonesia company registration process effortlessly, allowing you to achieve operational readiness in no time. Your success in the Indonesian market is our priority.

Can foreigners register a company in Indonesia?

Establishing a business in Indonesia as a foreign investor or entrepreneur can be a nuanced process. To obtain approval from Indonesian authorities for registering a company with foreign ownership, specific criteria must be satisfied.

The extent of foreign ownership can range from 0% to 100%, contingent upon the nature of your intended business activities in Indonesia. For detailed insights, you can consult the Negative Investment List.

Moreover, to secure BKPM foreign investment approval, your business will need to demonstrate a paid-up capital of approximately US$250,000. This financial requirement is a crucial consideration when venturing into the Indonesian market.

How long does it take to set up a company in Indonesia?

Fionza Consultants offers a streamlined process for Indonesia company registration, BKPM foreign investment approval, and the opening of a local corporate bank account, all within a swift 12-week timeframe. The best part? You won’t need to make any trips to Indonesia. Our comprehensive step-by-step guide simplifies the entire Indonesia company registration process.

Once your Indonesian company is successfully registered with the Indonesia business registry, you can anticipate receiving essential documents, such as your company registration certificate, memorandum & articles of association, and the register of directors and shareholders. Please note that these documents will be in Bahasa Indonesian, but our team at Fionza Consultants will guide you through the process of obtaining certified translations.

For those seeking even quicker access to commence operations, we recommend exploring the option of purchasing an Indonesia shelf company. This expedited solution allows our international clients to acquire an Indonesian company along with a local corporate bank account, facilitating a faster entry into the Indonesian market.

How to register company in Indonesia?

Our team of dedicated professional consultants has streamlined the essential steps for Indonesia company registration. It’s crucial to familiarize yourself with these steps for a smooth setup in Indonesia.

Step 1: Optimal Business Structure Selection Before proceeding, Fionza Consultants will assess your business activities and recommend the most suitable legal entity for your needs.

Step 2: Meeting Government Requirements Once you’ve chosen a business entity, ensure compliance with government requirements. These requirements vary depending on your chosen entity type, as elaborated below.

Step 3: Name Reservation To check the availability of your company name, refer to the official government company directory. Fionza Consultants will assist you in obtaining clearance for your chosen name through a notary, including the payment of IDR 200,000 at a local bank. The notary will provide a code and payment receipt, which will be used to reserve your name online with the Indonesia Ministry of Law & Human Rights.

Step 4: Document Preparation Fionza Consultants will guide you in preparing the necessary documents for Indonesia company registration, tailored to your business structure. For a foreign Limited Liability Company (PT), required documents include shareholder passport copies or corporate entity documents, the registered office address, and, if applicable, a lease agreement or purchase deed for the office space. Notarization of these documents will also be arranged.

Step 5: Deed of Establishment and Certificate of Domicile Fionza Consultants will apply for the deed of establishment with the Ministry of Law and Human Rights within 60 days of its creation. Approval typically takes about 2 weeks. You will receive the Certificate of Company Domicile from the local government, along with other necessary documents for your business operations. If you have a physical office in Indonesia, you’ll also need a Domicile Certificate for Building Management from the Building Management Office.

Step 6: Permanent Business Trading License (SIUP) Your company will need assistance from Fionza Consultants to obtain the SIUP, a permanent business trading license from the Ministry of Trade. This is essential for trading businesses, containing details about the business activities and the responsible individual.

Step 7: Taxpayer Registration Number (NPWP) Fionza Consultants will aid in registering your business with the local tax office to secure a Tax Identification Number (NPWP). Our dedicated accounting team will ensure compliance with tax filing and financial reporting requirements.

Step 8: Register in OSS Upon completing the above steps, Fionza Consultants will register your company in the One Single Submission System (OSS). You will receive the company registration certificate, which includes the Company’s Business Identification Number (NIB).

Step 9: Company Registration Certificate (TDP) and Relevant Licenses Depending on your business activity and capital, you may need to apply for specific business licenses to operate in Indonesia. Additionally, registration with local systems, such as healthcare insurance, social security, and VAT collection, may be required.

Step 10: Corporate Bank Account Opening After company incorporation, it’s essential to open a corporate bank account with a reputable bank. Fionza Consultants will leverage our extensive banking network to assist in opening an account with either a local or international bank, based on your preference. This will enable smooth business transactions.

Types of business structures available for company registration in Indonesia

Registering a company in Indonesia as a foreigner can be a complex process due to government regulations and restrictions outlined in the Negative Investment List. To help you navigate the options available, Fionza Consultants offers expertise in Indonesia company registration, tailored to your business needs. There are three primary business entity types to consider:

Limited Liability Company (PT):
- Ideal for businesses 100% owned by Indonesian citizens.
- Foreign investors needing local ownership can use a nominee company like Fionza Consultants to act as local shareholder and director.
- Requirements include 2 local resident shareholders, 1 local resident director, 1 commissioner of any nationality, and variable paid-up capital depending on company size.
- Recommended for businesses protected by the Negative Investment List.
Foreign-owned Limited Liability Company (PT PMA):
- Suitable for foreign investors who want full ownership and control.
- Requires foreign investment approval from BKPM, an investment plan of US$1,000,000, and a minimum share capital of US$200,000.
- Fionza Consultants can provide a nominee resident director if needed, with a comprehensive agreement to ensure non-interference.
- Requires 2 shareholders of any nationalities, 1 local resident director, 1 commissioner of any nationality, and an equity capital of US$200,000.
- Recommended for businesses outside the Negative Investment List.
Representative Office:
- Designed for market research and marketing for parent companies, but cannot engage in income-generating activities.
- Valid operating license for two years.
- A strategic choice for foreign companies exploring the Indonesian market before committing to a PT or PMA.
- Note: Branch offices for foreign companies are currently prohibited in Indonesia.

Fionza Consultants specializes in assisting you with the nuances of Indonesia’s regulatory landscape, ensuring your business is compliant and well-positioned for success. Whether you opt for a PT, PT PMA, or a representative office, our services cater to your unique requirements, helping you make informed decisions while considering the Negative Investment List guidelines.

Navigating Indonesia’s business environment can be challenging for foreigners, but with Fionza Consultants’ expertise, you can establish a strong foothold in this dynamic market.

Why choose to register your company in Indonesia?

Before proceeding with company registration in Indonesia, it’s crucial to gain a comprehensive understanding of the local business landscape. This knowledge ensures that your newly established entity can operate legally and effectively while aligning with your long-term business objectives.

Political Environment:

Indonesia ranks 85th on the Corruption Perceptions Index by Transparency International, indicating a relatively low level of corruption but potential delays in the company establishment process.
Indonesia maintains positive diplomatic relations with neighboring countries and is actively involved in international organizations like ASEAN, East Asia Summit, the United Nations, the Organisation of Islamic Cooperation (OIC), and the World Trade Organization (WTO).

Economic Landscape:

Indonesia is the 16th largest economy globally, boasting a GDP per capita of $3,871.
The World Economic Forum’s Global Competitiveness Report ranks Indonesia as the 50th most competitive economy, with a score of 64.63%.

Social Factors:

Bahasa Indonesian is the official language, meaning your company documents won’t be in English. Fionza Consultants can provide certified translations if necessary.
Indonesia ranks 13th in Asia for English proficiency according to the EF English Proficiency Index, which may pose communication challenges with local authorities and bankers.
Indonesia has a sizable population of approximately 268 million, with a labor force participation rate of 69%, mainly concentrated in manufacturing and agriculture sectors.

Technological Advancements:

Indonesia’s government is actively promoting technological advancements, such as the “Making Indonesia 4.0” initiative, focusing on sectors like F&B, automotive, chemical, textile, and electronics.
Plans to transform Indonesia into a tech hub are underway, with a focus on artificial intelligence, 3D printing, and robotics. However, there is a shortage of highly skilled workers in these fields.

Legal Framework:

Indonesia ranks 73rd among 190 economies in the ease of doing business, according to the latest World Bank ratings. The company registration process can be time-consuming, and some entities require local directors, commissioners, and shareholders.
Foreign investors must apply for BKPM approval and meet capital requirements of approximately US$250,000.

Environmental Considerations:

Indonesia ranks 113th on the Environmental Performance Index.
The country’s geographical location, consisting of thousands of islands between Asia and Australia, makes it an attractive destination for both domestic and international tourists.

Understanding these factors is essential for a successful company registration process in Indonesia. Fionza Consultants can provide valuable guidance and support to navigate the complexities of establishing your business in this diverse and promising market.

Thinking of Indonesia company registration?

Fionza Consultants offers comprehensive solutions for Indonesia company registration, serving as your all-in-one partner. Our services encompass company formation, registered agent services, registered address provision, and assistance with opening a business bank account.

For more information on Indonesia company registration, please don’t hesitate to get in touch with us. Our team of experienced experts is ready to assist you. Expect a response from us within the next 24 hours.

Find out more!

FAQ

How much does it cost to register a company in Indonesia?

The total engagement fees that you will be charged will depend on the services you wish to receive. Our services range from providing you assistance through the planning and strategizing process to the incorporation services. We provide additional services like resident director service, ensuring you are compliant with the law, and more.

This total engagement fee will include the cost of registering a business in Indonesia. This cost depends on the type of business you wish to set up, your business activities, and more. We will further discuss this cost with you before we start the registration process.

What is the Indonesian registration number?

An Indonesian registration number is a unique number that is assigned to all businesses registered in Indonesia to allow them to carry on their business while being recognized and protected under the law of the Indonesian government.

You may wonder how to find Indonesian company registration number. To receive this number, you must apply to the Online Single Submission (OSS) System. After receiving approval, you will receive important documents including the Certificate of Formation, which would include the registration number.

The Indonesia company registration number sample: AHU- 0041253.AH.01.11 so that you understand what to look for in the Certificate.

What is a good business to start in Indonesia?

There are multiple business ideas to choose from to start a business in Indonesia. One of these ideas is to set up an e-commerce business. There was a trend towards e-commerce over the past years, however, the Covid-19 pandemic has accelerated the growth even further. The number of online shoppers has grown by 10 million to 85 million, after Covid-19. Moreover, the government has also issued policies that would further aid the e-commerce industry while ensuring high-quality services are provided. You can use pre-existing e-commerce websites such as Tokopedia, Shopee, and more or develop your own website. Moreover, such a business will not require high capital, thus being rather inexpensive to set up.

How can I start a small business in Indonesia?

In order to start a small business in Indonesia, you must first decide on your business idea. The incorporation process remains the same for a small business. However, depending on your business structure, the capital requirement changes. To find out more information about how you can set up your small business in Indonesia, contact us.

Can foreigners invest in Indonesia?

Yes, foreigners can invest in Indonesia. To establish a foreign direct investment (FDI) firm in Indonesia, the business should complete the required incorporation process. Moreover, there is a minimum amount of investment required which is approximately USD$700,000. Therefore, the minimum paid-up assets should be approximately USD$170,000.

What is PT PMA in Indonesia?

In Indonesia, PT PMA is called Penanaman Modal Asing which is a foreign-owned limited liability company.

You may wonder how to set up such foreign owned companies in Indonesia. You can refer to our step-by-step guide for more information or contact us to find out more.

What are the business opportunities in Indonesia?

There are multiple opportunities for your business in Indonesia especially because of the improving infrastructure and business-friendly policies by the government. Some possible business opportunities can lie in the e-commerce industry or the professional services industry.

Can a foreigner open a business in Bali?

Yes, foreigners can open a business in Bali. However, there are additional requirements they need to meet to set up a business. This includes getting a business visa initially and then applying for an immigrant work visa, KITAS. However, you will need a local business partner to sponsor your work permit.

Should I set up a business in Batam?

Setting up business in the Batam free trade zone will serve as a huge advantage for your business because of the various opportunities and business-friendly policies. This is the reason for top multinational companies in Indonesia, shifting their focus towards this region. To set up a business, you must apply for a Batam business visa which is valid for 60 days. During this period, you can start the incorporation process and also apply for a long-term visa.

Indonesia Company Registration