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Set up a company PT PMA

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Based on Law No. 25/2007 regarding Investment (New Investment Law), a foreign investment in Indonesia is defined as an investing activity conducted by a foreign investor for the purpose of running a business within the territory of Indonesia. The legal entity through which a foreign person, foreign company, or foreign government body can conduct business in Indonesia (meaning generating revenue streams and profit) is the PT PMA. The establishment of a PT PMA is regulated by Law No. 40/2007 regarding Limited Liability Companies (Company Law). Such a company can be either 100 percent foreign-owned or partially foreign-owned.

It is important to stress that various sectors in Indonesia are closed, or partially closed, to foreign investment. In case a sector is partially closed to foreign investment, then the list states the maximum allowed percentage of foreign ownership. This means that you will need to have a local (Indonesian) partner in order to engage in business in that particular sector.

20.000.000 IDR

  • The Main Requirements for PT PMA in Indonesia
  1. Paid-up share capital. There is a minimum sum of the paid-share capital. Required Capital According Perka BPKM No4 Year 2021 has become 10,000,000,000 IDR which also has a requirement to declare minimum investment plan 10,000,000,000 IDR. The first investment shall be transferred to the Bank Account of the company once the PT PMA registration is done for the issuance of Capital Statement Letter. The bank account can be filled up gradually as long as your PT PMA is running, and the capital can be used to run your business.
  2. The number of shareholders. A minimum of two shareholders (CEO and Commissioner) is required to register a company. Shareholders can be both individuals and legal entities.
  • The following documents are required to open a company:
  1. Company name (3 words)
  2. Areas of activity to be carried out (up to 5 activities)
  3. Business address, phone number, email
  4. Scanned version of the first page of the passport of all founders and a 3×4 photo
  5. Directors and shareholders structure
  • The main steps of the process (clients are assisted on each step):
  1. Your ongoing business inspection. In order to pass the first stage, we recommend paying attention to the business classification.
  2. Approval of Company Name. It should consist of three words that are not vulgar or obscene.
  3. Deed of Incorporation. It should include an Article of Association, and a notary must be present.
  4. Approval of Legal Entity. After submission of Deed of Incorporation by the notary, the Ministry of Law and Human Rights will give approval.
  5. Registration of Tax ID (NPWP). A valid NPWP is required for securing other company’s licenses, banking activities, and fulfilling tax obligations.
  6. Domicile Letter. Required to show the location of your business.
  7. Application of NIB. Alongside NIB, Business License(s) and Location Permit will also be granted one day following the registration via Online Single Submision (OSS).
  8. Application of Other Licenses. Depending on the business sector, additional licenses such as commercial license and tourism license may be required before operation.

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