Yes, apart from the initial package cost for establishing a PMA (Penanaman Modal Asing) company in Indonesia, there are several additional fees and ongoing costs that investors should be aware of. These can include, but are not limited to:

Government Fees:

  • Company Registration Fees: Fees associated with the registration of the company with the Indonesian Investment Coordination Board (BKPM) and other relevant government bodies.
  • License and Permit Fees: Depending on the business sector, additional licenses and permits may be required, each potentially carrying its own set of fees.
  • Notary Fees: Costs for notarization of company documents, which is a requirement for company registration.
  • Legal Advisory Fees: If you hire legal advisors to assist with the setup and compliance of the PMA company, their fees would be additional.

Operational Costs:

  • Office Rental: If the package does not include office space, renting an office or business space is an additional cost.
  • Utilities and Maintenance: Costs for utilities such as electricity, water, and internet, as well as maintenance of the office space.

Tax and Accounting:

  • Accounting Services: Fees for accounting services to manage the companys financials and ensure compliance with Indonesian tax laws.
  • Tax Compliance: There may be costs associated with tax filing and consultation, especially if specialized tax advice is needed.

Human Resources:

  • Recruitment Costs: If you are hiring local staff, there may be costs associated with recruitment and hiring.
  • Payroll Management: Fees for services related to payroll management and compliance with labor laws.

Bank Charges:

  • Bank Account Opening Fees: Some banks may charge a fee for opening a corporate account.
  • Transactional Fees: Ongoing bank charges for transactions, wire transfers, and other financial services.

Miscellaneous:

  • Translation Services: If documents need to be translated into Indonesian or other languages, professional translation services may incur fees.
  • Communication and IT Setup: Costs for setting up communication systems, IT infrastructure, and ongoing IT support services.

Annual Obligations:

  • Annual Report Filing: There may be fees associated with the preparation and filing of annual reports required by Indonesian law.
  • Company Renewal Fees: Some permits or licenses may need annual renewal, which could involve additional fees.

It is advisable for potential investors to consult with a professional service like Okusi Associates to get a detailed breakdown of all potential costs associated with setting up and maintaining a PMA company in Indonesia. This will help in planning the financial aspects of the investment more accurately and ensure compliance with all regulatory requirements.

Are there any additional fees apart from the package cost?
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