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KENORA is one of Indonesia"s Business Consulting and Investment Advisory Services company that provides one stop services to foreign companies to be able to establish a PMA Company and conduct business activities in Indonesia
Your Guide To Invest In Indonesia
Legal process of starting a company in Indonesia?
Here are the steps to incorporate a PT PMA:
- Name Approval with Ministry of Justice
- BKPM Investment Approval, OSS / BKPM or Principal License
- Article of Association (AKTA)
- Approval from Ministry of Law and Human Rights
- Tax Registry (PKP)
- Tax Card (NPWP)
- Business registry (TDP)
Types of Investments that can qualify under an investment Plan?
Investments eligible for the Investment Plan fall under two categories :
A. Fixed Assets
- Machinery and equipments
- Others such as renting office, legal fees, furniture, computers, intellectual property etc.
B. Working capital
- Salaries
- Utilities
- Purchase of tradable goods
- Any other expenses related to your production
The sum of fixed assets and working capital needs to be above Rp. 10 billion
Requirements to Open Corporate Bank Account?
Bank account can be opened after incorporation process is completed. Most banks require the originals of all incorporation documents: BKPM Principal License, Article of Association, Ministry Ratification, Tax Registry and Tax Card, Domicile letter, Business Registry/TDP
When Can A Company Apply for a Permanent Business License with BKPM?
Once your PT PMA is incorporated, you are given certain time to complete your preparations and launch a full scale business. That time depends on your industry and investment plan but generally is between 1-3 years. Permanent business license represents the completion of our preparations or commonly referred to as "Izin Usaha (IU)".
it is advised that for a trading company to immediately apply for a permanent license in order to secure an import license commonly called "Api-u"