Frequently Asked Questions: #bkpm

The timeline for establishing a PMA (Penanaman Modal Asing) company in Indonesia can vary depending on several factors, but generally, it takes about 2-3 months from start to finish. Here's a breakdown of the process:

• Pre-application preparation: 1-2 weeks

  • Gathering required documents
  • Checking the Negative Investment List (DNI)
  • Preparing the investment plan

• BKPM application and approval: 3-4 weeks

  • Submitting the investment application to the Indonesian Investment Coordination Board (BKPM)
  • Waiting for approval

• Company registration: 2-3 weeks

  • Registering with the Ministry of Law and Human Rights
  • Obtaining a Domicile Certificate
  • Acquiring Tax Identification Number (NPWP) and Business Identification Number (NIB)

• Obtaining licenses and permits: 2-4 weeks

  • Applying for and receiving necessary business licenses
  • This timeline can vary depending on the specific industry and local regulations

• Bank account setup: 1-2 weeks

  • Opening a corporate bank account

Factors that can affect the timeline include:

• Completeness and accuracy of submitted documents
• Complexity of the business structure
• Responsiveness of government agencies
• Any additional requirements specific to your industry

It's important to note that working with experienced professionals, such as Okusi Associates, can help streamline the process and potentially reduce delays. They can guide you through each step, ensure compliance with current regulations, and handle much of the paperwork and communication with government agencies on your behalf.

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