This section discusses the incorporation of a foreign investment limited liability company in Indonesia, known as Perseroan Terbatas Penanaman Modal Asing (abbreviated PT PMA). It is the legal entity through which a foreign investor can conduct commercial activities in Indonesia.
What is a PT company in Indonesia?
PT is the abbreviation of Perseroan Terbatas, a limited liability company whose capital is divided into shares and the responsibility of shareholders based on the number of shares that he or she has. … And this is how you can establish a PT company in Indonesia!
Can foreigners own companies 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. … Additionally, there is extra risk involved since you, as a foreigner of Indonesia, will not own 100% of the business.
How do I set up a PT company in Indonesia?
The Process Of Setting Up A Local PT. In Indonesia.
- Approval of company name at the Ministry of Law and Human Rights. …
- Preparation of Association Article by Notary. …
- Obtain Deed of Establishment at the Ministry of Law and Human Rights. …
- Obtain Certificate of Domicile at the local government office.
How do I start a business in Bali?
How do I start a business in Bali
- Visas. …
- Bank Account. …
- Company Ownership requirements. …
- Nominee company. …
- Appoint an agent and a notary. …
- Get a facility with correct build permit (IMB)
Can foreigners buy property in Indonesia?
Can foreigners own freehold property in Indonesia? No, foreigners are not allowed to own freehold property in Indonesia. Instead, we can lease or own properties under other arrangements, such as right-to-build or right-to-use contracts.
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.
How much does it cost to register a company in Indonesia?
How much does it cost to set up a company in Indonesia? A foreign investment limited liability company (PT PMA) requires a minimum investment of IDR 10 billion. Besides, foreigners would be required to inject a paid-up capital requirement of at least IDR 2.5 billion to form a foreign owned PMA company in Indonesia.
Why do companies in Indonesia start with PT?
EVERY COMPANY NEEDS A “PT”
PT is the abbreviation for Perseroan Terbatas, and it means Limited Liability Company. Therefore, all company names in Indonesia must be preceded by “PT” once they are approved. This official name that starts with PT will be used in all permits, licenses and transactions owned by the company.
What is negative investment list Indonesia?
It is a set of business sectors list which let investors know which is okay to invest plus its regulation, especially regarding shared ownership. … Indonesia Negative Investment List is made to protect Indonesian economy, as well as to provide more business chances to investors.