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Company Formation in Indonesia

Entity Type: PMA (Limited Liability Company)


Name Details

Does the name of the company require approval by the Registry or other authorities?

Yes.

How many prospective names will you require?

One.

Are there any restrictions or limitations on words that can be used in company names?

Based on Article 5 of Government Regulation No. 43 of 2011, the Company Name must comply with the following requirements:

a. Written with Latin letters;
b. It has never been legally used by other Company or not have similarity in principle with other Company’s name;
c. Not contrary to public order and/or morality;
d. Not the same as or similar to the name of the state institutions, government agencies, international agencies, unless permitted by the relevant instance;
e. Not consist of number or a series of number, letter or series of letter that do not form a word;
f. Does not have a meaning as a Company, corporation, or a civil partnership;

In accordance with the intents, purposes and Company’s business activities, those components will be used as part of the Company Name.

Address Details

Does the company need to provide a registered address?

Yes.

Are there any limitations on the registered address (i.e. must be in-country, must not be a PO box)

The registered address of the company must be located in Indonesia.

If the client has no physical location in-country, can they use your address for the purposes of registration?

No.

Officer Details

How many Directors are required?

Minimum one.

Are any other officers required (i.e. Secretary)?

Board of Commissioners. The Company Organ with the task of general and/or specific supervision in accordance with the articles of association and giving advice to the Board of Directors.

What personal details will you need for each officer?

The full name, date and place of birth, occupation, residence, and nationality of members of the first Board of Directors and Board of Commissioners to be appointed.

Is there a requirement for any in country resident directors?

No. But if the Company have resident directors, it will be easier to process things related to tax or administration matters.

Do you need proof of address or Identity for officers? If YES, in what format?

Yes. Passport and document such as bills addressed to the name and address of the officers.

Shareholders

How many shareholders or members are required?

Two.

Are there any restrictions on who can be a shareholder?

It depends on the type and business activity of the Company.

What information will you require about shareholder?

The full name and address of the Company’s shareholders.

Will you require proof of address or ID from the shareholders?

Yes.

Share Capital

Will the company need to specify a maximum number of shares that can be issued?

Yes.

Is any stamp duty paid on the issued share capital? If YES, at what rate is this calculated.

No.

Other Details

Do you require any further information about the company or its officers?

The full name and address of the Company’s shareholders.

Timescale

How long will it take to complete incorporation

4-6 weeks once all required documents has been completed.

Is there any way to expedite the incorporation for an extra fee?

No.

Procedure

Please provide a brief outline of the steps to complete an incorporation.

Fees

Counsel Fees

USD 7,000.
Fee for IUT (Permanent Business License) USD 1,200.

All fees will be plus VAT OF 10%.

Disbursements


Latest version updated 3rd May 2018

Country Breakdown

261

Million

Population

Rp

Indonesian Rupiah

Currency

$ 932.3

Billion

GDP

1.905

Million

km2