Foreigners Serving as Indonesian Company Commissioners
In an Indonesian company, anyone serving in a higher position must ordinarily be an Indonesian citizen or permanent resident. However, a foreigner may be allowed to become a shareholder, director, or the company commissioner by abiding by the rules set by the government of Indonesia and other regulatory authorities. The government has also specified the means by which a foreigner may become the commissioner of an Indonesian company. It has mentioned that foreigners are to receive the Limited Stay Visa or VTT before becoming eligible to take up the role. The latest regulations also state that foreigners must also possess a certain amount of shares before becoming a commissioner or director. Foreign shareholders who are to serve serving as a director or company commissioner must hold at least one billion rupiah’s worth of shares or its equivalent in US dollars.
It could be that you might require a visa which is valid in Indonesia for a specific purpose. In order to have such a problem solved, contact us at Paul Hype Page & Co. We will do everything in our power in order for you to receive an Indonesian visa in due time and thus be able to enter and remain in the country through legal means.
All foreign company commissioners of Indonesian companies are required to apply for a residence permit. It is essential for foreigners who plan to live and work in. The residence permit along with the new VTT permit will allow company commissioners to work legally with and be paid by an Indonesian company, open a local bank account in Indonesia, and remain in the country beyond a specific period without having to contact government departments to extend the duration of the visa. Foreigners with exclusive job positions such as that of the company commissioner may become permanent residents of Indonesia if they have lived in the country for a period lasting for at least three years. However, it is not necessary for all such foreigners to become permanent residents of Indonesia.
Paul Hype Page & Co – OSS service provider and Asean Chartered Accountant.
Paul Hype Page & Co. have 3 physical offices in Singapore, Malaysia and Indonesia
Our Firm Goal is to assist Foreigner and Foreign Companies to set up business in Asean.
How we can help you:
We will call you back, please click below link and make appointment with our Sales consultant:
Step 1- Listen to your Business plan and Relocation needs.
Step 2- Analysis your Tax Planning
Step 3- Recommend the most suited type of Company Incorporation, Open Bank account and Work Visa
Step 4- Arrange for your Spouse and Children Visa
Step 5- Assist as your company to hire staffs and handle all HR matters
Step 6- Every financial year end, we assist you with your yearly OSS Finanical and Tax Complianc
Step 7- Assist you to expand business to Malaysia, Indonesia, Vietnam and Thailand.
Get in Touch with Us Today.
Paul Hype Page