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How to Start a PT PMA in Indonesia: A Comprehensive Guide
Index
- Introduction to PT PMA in Indonesia
- Requirements for Establishing a PT PMA
- Necessary Documents for Registration
- Step-by-Step Procedure for Submission
- Important Information
- Relevant Links
- Conclusion
1. Introduction to PT PMA in Indonesia
A PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a foreign-owned limited liability company in Indonesia, allowing foreign investors to establish and operate a business under Indonesian law. This structure is essential for foreign investment, providing legal recognition and protection for investors. The PT PMA can be 100% foreign-owned, making it an attractive option for international businesses looking to enter the Indonesian market.
2. Requirements for Establishing a PT PMA
To establish a PT PMA in Indonesia, foreign investors must meet the following requirements:
- Minimum Capital Requirement: The minimum paid-up capital for a PT PMA is IDR 10 billion (approximately USD 660,000).
- Shareholders: A PT PMA must have at least two shareholders, which can be individuals or legal entities. At least one must serve as a director and another as a commissioner.
- Office Address: A physical office address in Indonesia is mandatory. Virtual offices can be rented for this purpose.
- Business License: The business must comply with local regulations and obtain the necessary licenses.
3. Necessary Documents for Registration
The following documents are required to register a PT PMA in Indonesia:
- Copy of Shareholders' Identification: Passport copies of all shareholders.
- Deed of Establishment: A notarial deed outlining the company's structure and purpose.
- Business Plan: A detailed business plan outlining the business activities and financial projections.
- Office Lease Agreement: Proof of a physical office address in Indonesia.
- Tax Identification Number (NPWP): Required for tax purposes.
- Bank Reference Letter: A letter from a bank confirming the capital deposit.
- Investment Registration: Registration with the Investment Coordinating Board (BKPM).
4. Step-by-Step Procedure for Submission
The process for establishing a PT PMA involves several steps, which are outlined below:
Step 1: Prepare Required Documents
Gather all necessary documents as listed above.
Step 2: Obtain a Business Identification Number (NIB)
Where to Submit: The NIB is obtained through the Online Single Submission (OSS) system.
How to Submit: Register on the OSS portal OSS Portal and follow the instructions to apply for the NIB.
Step 3: Notarize the Deed of Establishment
Where to Submit: Visit a notary public in Indonesia.
How to Submit: Present the prepared documents to the notary for the creation of the Deed of Establishment.
Step 4: Register with the Ministry of Law and Human Rights
Where to Submit: Submit the notarized Deed of Establishment to the Ministry of Law and Human Rights.
How to Submit: This can often be done online through the OSS system.
Step 5: Obtain Business Licenses
Where to Submit: Apply for the necessary business licenses through the OSS system.
How to Submit: Follow the online application process for the specific licenses required for your business sector.
Step 6: Register for Tax Identification Number (NPWP)
Where to Submit: The NPWP can be obtained from the local tax office.
How to Submit: Submit the required documents to the tax office to receive your NPWP.
Step 7: Open a Bank Account
Where to Submit: Choose a local bank in Indonesia.
How to Submit: Open a corporate bank account and deposit the minimum capital.
Step 8: Finalize Registration
Where to Submit: Ensure all registrations are completed and documents are filed with the relevant authorities.
How to Submit: Keep copies of all documents for your records.
5. Important Information
Processing Time: The entire process can take several weeks to months, depending on the efficiency of the local authorities and the completeness of the submitted documents.
Legal Assistance: It is advisable to engage a local legal consultant or firm to navigate the complexities of Indonesian law and ensure compliance with all regulations.
6. Relevant Links
- Indonesia Investments - Establish a Foreign Company (PT PMA)
- OSS Portal
- BKPM - Investment Coordinating Board
- Indonesian Tax Office
7. Conclusion
Establishing a PT PMA in Indonesia is a structured process that requires careful planning and adherence to legal requirements. By following the outlined steps and ensuring all necessary documentation is in order, foreign investors can successfully navigate the process and establish a business presence in Indonesia.