Quick Answer: How To Start A Company In Indonesia?

Can foreigner open company in Indonesia?

Under Indonesian law, a foreigner cannot wholly own a PT, which can only be owned by Indonesian citizens. However, a foreigner can partner with a PT owner through a Nominee Company Agreement.

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

There are many local Indonesian companies that offer a “company establishment package” to foreign investors. Depending on sector, costs for the establishment of a PT PMA can vary, but generally such a package should cost around USD $3,000 and requires about ten weeks to be completed.

How can I 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)

Is it easy to do business Indonesia?

Indonesia is not the easiest place to start an enterprise or, generally, to conduct business. This is reflected by the World Bank’s Doing Business 2018 index in which the country ranks 72nd.

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

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

Can foreigners buy property in Indonesia?

According to Government Regulation No. 103/2015 on House Ownership of Foreigners Residing in Indonesia, it allows foreigners who reside (legally) in Indonesia to own landed houses in Indonesia for a period up to 80 years.

Can foreigners invest in Indonesia?

To establish a foreign direct investment in Indonesia, then you should go to the Indonesia Investment Coordinating Board (BKPM). You need the execution of a Deed of Establishment and approval from the Minister of Law and Human Rights of Indonesia to establish Limited Liability Company (Perseroan Terbatas/PT)

Is Indonesia a good place to start a business?

It also has one of the strongest investor protections in the world, which makes it a good option if you were intending to enter into a partnership with a local. Starting a business in Indonesia is not for the faint of heart, but is still a country that offers tons of opportunities for savvy investors with a plan.

Can foreigners work in Bali?

In Indonesia, businesses are required to have what is called an IMTA, which is a work permit given to companies interested in hiring international employees. That does not mean that working in Bali as a foreigner is impossible. This enabled the expats to extend their stay in Bali.

Can I own a business in Bali?

Many businesses are open to full foreign ownership. However, some business classifications (KBLI) only allow partial foreign ownership. There are many hospitality businesses with such restrictions.

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What is the best business in Indonesia?

Top 4 Business Opportunities in Indonesia for Foreigners in 2021

  1. Travel Agency. With over 17,000 islands in Indonesia, the country offers diverse landscapes and purposes to augment global visitors’ traveling experience.
  2. Manufacturing.
  3. Construction.
  4. E-Commerce.

What is the main business in Indonesia?

Major industrial sectors include petroleum and natural gas, textiles and apparel, mining, footwear, plywood, rubber and chemical fertilisers. The services sector is equally as important to Indonesia’s economy, accounting for 43 per cent of GDP in 2015. Agriculture on the other hand only accounted for 14 per cent.

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