Incorporating a company in Indonesia involves a structured process that includes several steps and adherence to the country's legal and regulatory requirements.
1. Company Type Selection: Decide on the type of company you want to establish. Common options include:
- Perseroan Terbatas (PT), which is similar to a limited liability company (LLC).
- Perseroan Komanditer (CV), a limited partnership.
- Perseroan Firm (FIRMA), a general partnership.
- Perseroan Persekutuan (Persekutuan), a cooperative.
2. Company Name Reservation: Choose a unique name for your company and check its availability with the Ministry of Law and Human Rights (Kementerian Hukum dan Hak Asasi Manusia or Kemenkumham). The name should comply with Indonesian naming regulations and not infringe on any existing trademarks.
3. Registered Office Address: Have a registered office address in Indonesia where official correspondence will be sent. This address must be a physical location and cannot be a P.O. Box.
4. Shareholders and Directors: Determine the shareholders and directors of the company. Indonesian law requires at least one director who is an Indonesian citizen. Shareholders can be individuals or corporate entities.
5. Capital Requirements: Determine the minimum capital required for your company. The minimum capital requirement varies depending on the type of company and business activities.
6. Prepare Incorporation Documents: Prepare the necessary incorporation documents, including:
- Articles of Association (Akta Pendirian Perusahaan)
- Deed of Establishment (Akte Pendirian)
- Letter of Domicile (Surat Keterangan Domisili)
- Taxpayer Identification Number (Nomor Pokok Wajib Pajak or NPWP)
- Other documents as required by law
7. Notarization and Legalization: Notarize and legalize the incorporation documents with a public notary (Notaris) and the Ministry of Law and Human Rights.
8. Submission of Documents: Submit the incorporation documents to the Ministry of Law and Human Rights for approval. You may need to engage the services of a local consultant or legal advisor to assist with this process.
9. Payment of Fees: Pay the necessary fees for company registration and other related services.
10. Wait for Approval: Once the documents are submitted, you will need to wait for approval from the authorities. The approval process may take several weeks or months.
11. Post-Incorporation Compliance: After incorporation, fulfill any post-incorporation compliance requirements, such as obtaining a business license (Izin Usaha) and registering for tax.
12. Ongoing Compliance: Maintain ongoing compliance with Indonesian laws and regulations, including filing annual reports, holding annual general meetings, and fulfilling tax obligations.
Contact DLBC Business Consultancy Pte. Ltd. for assistance and arrangements.
