Frequently Asked Questions: #businessregistration

The costs associated with setting up and maintaining a PMA company in Indonesia include:

Initial Setup Costs: * IDR 30,525,000 (including VAT) for the complete PMA company setup package, which covers: * Company Incorporation * Business Licensing via OSS (NIB, tax numbers, risk-based licenses) * English Translations of Important Documents * Bank Account Assistance * Free Single Entry Business Visa Sponsorships

Additional Costs: * Professional Shareholder Services (if required): IDR 14,430,000/year * Company Domicile Services: * Available in Jakarta, Bali, and Batam * Starting from IDR 12,000,000/year * Accounting and Tax Reporting: * VAT companies: IDR 39,405,000/year (including VAT) * Non-VAT companies: IDR 30,525,000/year (including VAT) * Work Permits and Visas: * Complete package (work KITAS/e-ITAS with re-entry permit included, plus RPTKA ratification — the work authorisation that replaced the former IMTA): IDR 16,500,000/year

Ongoing Maintenance: * Costs for maintaining regulatory compliance * Expenses related to accounting and tax services * Human resources and payroll management fees * Corporate secretarial services charges

It’s important to note that these costs may vary depending on the specific needs of your company and any changes in regulations. For the most up-to-date and detailed pricing information, it’s recommended to consult the Okusi Associates price list and website directly.

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Okusi Associates can provide comprehensive assistance in setting up a PMA (Penanaman Modal Asing) company in Indonesia through the following services:

• Investment Planning: Checking the Positive Investment List (Perpres 10/2021 jo. 49/2021) to confirm your business sector is open to foreign investment and advising on any ownership conditions.

• Document Preparation: Assisting with the preparation of required documents such as Articles of Incorporation, Deed of Establishment, and Investment Plan.

• Application Submission: Helping submit the investment registration through the OSS (Online Single Submission) system under the Ministry of Investment and Downstream Industry (BKPM).

• License and Permit Acquisition: Guiding you through obtaining necessary licenses and permits, including:

  • Business Identification Number (NIB)
  • Tax Identification Number (NPWP)
  • Risk-based business licenses via OSS

• Bank Account Setup: Assisting with opening a corporate bank account in Indonesia.

• Social Security Registration: Helping register your company and employees for BPJS (social security and health insurance).

• Ongoing Compliance Support: Providing services for:

  • Accounting and Tax Reporting
  • Payroll Management
  • Corporate Secretarial Services

• Work Permits and Visas: Assisting with obtaining ITAS/KITAS stay permits and RPTKA ratification (the work permit) for foreign employees; re-entry permission is included in the electronic ITAS.

• Professional Shareholder Services: Providing a professional shareholder as a temporary placeholder where Indonesian shareholding is required.

• Company Domicile Services: Providing virtual office services for company registration purposes.

• Post-Establishment Support: Offering ongoing assistance with:

  • Legal and regulatory compliance
  • License renewals
  • HR consultancy
  • Business expansion strategies
  • Product registration
  • Intellectual property protection

By leveraging Okusi Associates’ expertise, you can navigate the complex process of establishing and operating a PMA company in Indonesia more efficiently, ensuring compliance with local regulations and optimizing your business operations.

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Yes, specific licenses and permits are often required for certain business activities in Indonesia. The requirements can vary depending on the nature of the business. Here are some key points to consider:

• Basic Licenses: All companies, regardless of their business activity, need to obtain:

  • Business Identification Number (NIB), issued via the OSS system (this replaced the old company registration certificate, TDP)
  • Tax Identification Number (NPWP)
  • Risk-based business licenses via the OSS Risk-Based Approach (PP 28/2025), depending on the risk level of the business activity

  A separate domicile certificate is no longer a licensing requirement, although a registered office address is still needed as the company’s legal domicile.

• Sector-Specific Licenses: Depending on the industry, additional licenses may be required:

  • Trading companies may need an import license
  • Manufacturing companies often require industrial business licenses
  • Construction companies need construction services business licenses
  • Hotels and restaurants require tourism business licenses
  • Financial services companies need approval from the Financial Services Authority (OJK)

• Environmental Permits: Businesses that may have an environmental impact often need to obtain environmental permits or conduct environmental impact assessments (AMDAL).

• Location-Based Permits: Some regions or special economic zones may have additional licensing requirements.

• Professional Licenses: Certain professions (e.g., lawyers, doctors, architects) may need individual professional licenses in addition to company licenses.

• Online Business Permits: E-commerce businesses may require specific permits related to online transactions and data protection.

• Foreign Investment Considerations: PMA companies may face conditions in a small number of sectors under the Positive Investment List (Presidential Regulation 10/2021, as amended by 49/2021), which replaced the old Negative Investment List — most sectors are now open to 100% foreign ownership by default.

It’s important to note that licensing requirements can change, and it’s advisable to consult with a professional service provider or relevant government agencies to ensure compliance with the most up-to-date regulations for your specific business activity.

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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 Positive Investment List (Perpres 10/2021 jo. 49/2021) for any sector conditions
  • Preparing the investment plan
• OSS investment registration: 3-4 weeks
  • Submitting the investment registration via the OSS (Online Single Submission) system (Ministry of Investment and Downstream Industry/BKPM)
  • Waiting for approval
• Company registration: 2-3 weeks
  • Registering with the Ministry of Law (Kementerian Hukum)
  • Confirming a registered office address (legal domicile) — a separate domicile certificate is no longer required
  • 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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The process for setting up a PMA company in Indonesia involves several key steps:

• Investment Permit: This involves document research, review, and preparation for investment approval.

• Company Incorporation:

  • Preparation of Articles of Incorporation
  • Drafting and notarization of the Deed of Establishment

• Obtaining Operating Licenses and Other Permits:

  • Business Identification Number (NIB) via the OSS system
  • Tax Number (NPWP)
  • Risk-based business licenses as required for the sector
  • Submission of all required documents and follow-ups

• Document Translations: English translations of all important company documents are provided.

• Bank Account Setup: Assistance in opening corporate bank accounts in Indonesia.

• Business Visa Sponsorship: Free Single Entry Business Visa sponsorships are provided while the company establishment is in progress.

• Additional Support and Advice: Guidance on staff recruitment, community relations, and government relations to help navigate the Indonesian business landscape.

Before initiating the process, it’s crucial to:

• Check the Positive Investment List (Perpres 10/2021 jo. 49/2021), which replaced the Negative Investment List in 2021, to confirm your business sector is open to foreign investment and to determine if local shareholders are required.
• Consider additional services if needed, such as:
  • Professional Shareholder Services — a temporary placeholder shareholding — if your sector requires Indonesian shareholding
  • Company Domicile Services in Jakarta, Bali, or Batam

After establishment, ongoing support is typically provided for:

• Regulatory compliance
• License renewals
• Accounting and tax services
• Human resources and payroll management
• Corporate secretarial services
• Business expansion support
• Immigration services (work permits and visas)

It’s important to note that the specific requirements and timeline can vary depending on the business sector and location. Working with experienced professionals can help ensure a smooth and efficient process.

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Yes, our Company Secretary can act as a liaison with various government agencies in Indonesia. This service is an essential part of our corporate secretarial support. The agencies we typically interact with include:

• Ministry of Law (Kementerian Hukum)
• Ministry of Investment and Downstream Industry (BKPM)
• Tax Office (Kantor Pajak)
• Manpower Office (Disnaker)
• Immigration Office
• Ministry of Trade
• Local government offices for specific permits and licenses

Our Company Secretary can assist with:

• Filing annual reports and other mandatory disclosures
• Updating company information and changes in shareholding structure
• Obtaining and renewing business licenses
• Handling tax-related matters and submissions
• Coordinating work permit and visa applications
• Addressing regulatory inquiries and compliance issues

This liaison service helps ensure your company maintains good standing with relevant authorities and stays compliant with Indonesian regulations. It’s particularly valuable for foreign-owned companies that may not be familiar with local bureaucratic processes.

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Navigating complex licensing and permit requirements for specific industries in Indonesia involves several key steps and considerations:

Industry-Specific Assessment * Conduct a thorough analysis of the specific industry requirements * Identify all necessary licenses and permits based on the business activity * Check for any sector conditions or restrictions under the Positive Investment List (Perpres 10/2021 jo. 49/2021, which replaced the Negative Investment List) and the OSS risk-based licensing requirements for the relevant KBLI codes

Regulatory Compliance Planning * Develop a comprehensive compliance strategy tailored to the industry * Create a timeline for obtaining each required license and permit * Identify potential challenges and prepare mitigation strategies

Documentation Preparation * Assist in gathering and preparing all necessary documents for each application * Ensure all documentation meets the latest regulatory standards * Provide guidance on any industry-specific documentation requirements

Liaison with Government Agencies * Act as a liaison between the company and relevant government bodies * Facilitate communication and clarify any questions or concerns * Arrange and attend meetings with officials when necessary

Application Submission and Follow-up * Submit applications to the appropriate authorities * Monitor the progress of each application * Address any additional requests or clarifications promptly

Post-Approval Support * Assist with implementing any conditions attached to the licenses or permits * Provide guidance on maintaining compliance with license terms * Keep clients informed about renewal requirements and deadlines

Ongoing Regulatory Monitoring * Stay updated on changes in regulations affecting the specific industry * Advise clients on adapting to new requirements or opportunities * Provide regular compliance check-ups to ensure continued adherence to regulations

Industry-Specific Expertise * Leverage in-depth knowledge of various sectors such as tourism, manufacturing, or technology * Offer insights into best practices for regulatory compliance in each industry * Provide strategic advice on navigating industry-specific challenges

By offering these comprehensive services, we help clients efficiently navigate the complex licensing and permit landscape, ensuring their businesses operate legally and smoothly within Indonesia’s regulatory framework.

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