Registering a company in Indonesia can be quite a challenging and complicated process for many foreign investors due many of its unnecessary regulations in the past. A majority of the regulations are also still published in Bahasa Indonesia which makes it difficult for foreign investors to understand.
However, worry no more as here at Paul Hype Page, we consist of many experienced local Corporate Specialist which could help you out in your registration of a company here in Indonesia.
There are only 7 main steps that you are required to do in registering a company here in Indonesia with Paul Hype Page.
Steps to Register a Company in Indonesia
You must first determine as to what business fields would you want to invest in. You must check for the available business activities within the business field subject to the Negative Investment List.
You must then determine what type of company you want to set up. The types of companies available are as follows:
It is a compulsory requirement here in Paul Hype Page that we do a Know Your Customer (KYC) process with you. With our ibizfile system, together with the assistance of Dow Jones, the process of conducting a KYC search is easy, effective, and legitimate.
Provide us with all required documents, the following are the general requirement to form a company in Indonesia.
No. of required documents:
Power of Attorney for submission documents sign by each shareholder (prepare by us)
Rental agreement between the company and building management
Original building domicile/statement from the building management
Building and land tax receipt (PBB) including the payment approval of current year
IMB or certificate of ownership if the building is owned
Statement for lease and use space office (if any)
Office photos (minimum 3 photos : reception, signage of the company & office room with activity in it)
Statement of domicile issued by the company and must be acknowledged by the building management
Company letterhead and copy/sample design for company stamp
No. Shareholder Documents (Foreign Company)
Copy of Article of Association and its amendment should be in English or Bahasa
Business registration certificate
Board of Directors structure
No. Personal documents for each director and commissioner
For foreigner : color copy passport with validity minimum 18 months and 4 blank pages
For local : ID card (KTP and Taxpayer Identity Number (NPWP)
Family card (KK)
Indonesia visa stamp (if any)
Residence of hotel or apartment domicile letter for the director
Recent photo passport size with red background for each BoD (edited photo is unacceptable)
Paul Hype Page will then help you register your preferred company through the lengthy and confusing registration process.
The steps and timeline for the company registration process can be seen in the table below.
Approval of company name at the Ministry of Law and Human Rights
Preparation of Article of Association by Notary (Akta)
Obtain Deed of Establishment at the Ministry of Law and Human Rights (SK Kehakiman)
Obtain Domicile Letter at the local government office
Obtain Tax Identification Number (NPWP)
Register Business Indentification Number (NIB = Nomor Induk Berusaha)
Register Business License (Izin Usaha)
You may then proceed to open a company bank account, rent or purchase property, staff hiring and obtaining work permits for foreign employees.