How to Set Up a Business in Indonesia
If you are acquainted with the regional rules governing business registration, registering a firm in Indonesia might be less difficult. Depending on the location of your business registration and the quality of your paperwork, the company registration procedure in Indonesia might take as little as one month or as much as three months.
The criteria for local companies (PT) and foreign companies (PT PMA) change, although the general procedure is essentially the same for both. We'll walk you through the steps and criteria in greater depth in this post.
Determine a Company Name
A legitimate business name in Indonesia must have a minimum of three distinct words, according Indonesian law. You may use other names for your goods or trademarks; this official name is solely used for legal purposes.
Draft Articles of Association
The articles of organization for your business must be drafted by a registered notary once you've decided on a name for it. The following information is included in these articles of association:
•Name and address of your business
•Details of the capital amount
•Objective and business activity of your company
•Quantity and value of company shares
•Places and procedures for shareholder meetings
•Appointment, titles, membership, and expulsion processes for the BOD and BOC
•Procedures for using and distributing a company's profits and dividends
•Submit the establishment document
The Deed of Establishment should be executed by you and your shareholders before a notary public. If one or more of the shareholders is unable to act, a power of attorney is also necessary.
The articles of association will then be submitted by the notary. The proposal must be submitted to and approved by the Indonesian Ministry of Justice and Human Rights. When the Deed of Establishment is issued, the Ministry will have legally established your company as a legal entity in Indonesia.
The Deed of Establishment and Articles of Association for your firm are the two essential papers you must submit in order to apply for a company registration number and other necessary permits.
Get a Company Tax Number
The application for a business tax number at your local office in Indonesia comes after the Deed of Establishment is issued. You'll get a letter with your company's tax identification number at that address.
The acquisition of a business registration number
The procedure is made easy and you may get your company registration number and other necessary paperwork at the same time thanks to Indonesia's recently introduced Online Single Submission (OSS) system.
To promote foreign investment in Indonesia, the company registration procedure has been greatly simplified. However, the success of your company establishment still depends on having a thorough awareness of the shifting legal requirements and competitive landscape. You will find a qualified expert to be of tremendous assistance in navigating the constantly evolving laws.
The criteria for local companies (PT) and foreign companies (PT PMA) change, although the general procedure is essentially the same for both. We'll walk you through the steps and criteria in greater depth in this post.
Determine a Company Name
A legitimate business name in Indonesia must have a minimum of three distinct words, according Indonesian law. You may use other names for your goods or trademarks; this official name is solely used for legal purposes.
Draft Articles of Association
The articles of organization for your business must be drafted by a registered notary once you've decided on a name for it. The following information is included in these articles of association:
•Name and address of your business
•Details of the capital amount
•Objective and business activity of your company
•Quantity and value of company shares
•Places and procedures for shareholder meetings
•Appointment, titles, membership, and expulsion processes for the BOD and BOC
•Procedures for using and distributing a company's profits and dividends
•Submit the establishment document
The Deed of Establishment should be executed by you and your shareholders before a notary public. If one or more of the shareholders is unable to act, a power of attorney is also necessary.
The articles of association will then be submitted by the notary. The proposal must be submitted to and approved by the Indonesian Ministry of Justice and Human Rights. When the Deed of Establishment is issued, the Ministry will have legally established your company as a legal entity in Indonesia.
The Deed of Establishment and Articles of Association for your firm are the two essential papers you must submit in order to apply for a company registration number and other necessary permits.
Get a Company Tax Number
The application for a business tax number at your local office in Indonesia comes after the Deed of Establishment is issued. You'll get a letter with your company's tax identification number at that address.
The acquisition of a business registration number
The procedure is made easy and you may get your company registration number and other necessary paperwork at the same time thanks to Indonesia's recently introduced Online Single Submission (OSS) system.
To promote foreign investment in Indonesia, the company registration procedure has been greatly simplified. However, the success of your company establishment still depends on having a thorough awareness of the shifting legal requirements and competitive landscape. You will find a qualified expert to be of tremendous assistance in navigating the constantly evolving laws.
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