WHAT DOCUMENT DO I NEED?
What documents do i need?
- Identification Documents
– Indonesian National Identity Card (EKTP)
– Passport - For Company’s Incorporation
– Resume or CV stating your educational and employment history
– Recent photograph of the applicant
HOW DO I RELOCATE TO INDONESIA?
How do i relocate to Indonesia?
- Stay Visa (KITAS)
– Work Visa KITAS
– Married with Indonesian Spouse KITAS - Business Visa
– Single Entry Business Visa
– Multiple Entry Business Visa
WHICH BUSINESS ENTITY SHOULD I CHOOSE?
Which business entity should I choose?
- Types of Business Entities in Indonesia
– Foreign Owned Company (PMA) (100% Foreign Owned)
– Local Company (PT) (Ownership held by local rep)
– Representative Office for Foreign Company
HOW DO I OPEN A BANK ACCOUNT IN INDONESIA
How do I open a bank account in Indonesia
- Documents Needed to Open Bank Account
– BKPM Initial Investment Approval, Deed of establishment, domicile letter, tax number
– Copy of ID/passport of the authorised person
– Recent photograph of the authorised person
– Minimum deposit: IDR 1 million or USD 1,000
DO I NEED A LOCAL DIRECTOR?
Do I need a local director?
To register a local PT company, it has to be 100% owned by Indonesian citizen. Hence, you will need a Local Nominee with notarized nominee agreement to protect the foreign entrepreneur’s ownership in the company.
WHEN DO I NEED TO DO MY TAX?
When do I need to do my Tax?
- Corporate Income Tax, Employee Withholding Tax, VAT, LGST
– Paid monthly, before the 10th day of the following month for the withholding taxes and before the 15th of the following month for the Corporate Income Tax - Corporate Income Tax, Individual Income Tax, Land and Building Tax
– Paid annually, before filing the tax return or 6 months after receiving a tax notification letter from the tax office