Foreign company registration in

Indonesia

My name is Marlissa

• Indonesian

• Co-founder of Indosight

• In charge of Indosight incorporation service

What is PT PMA?

• PT = limited liability company

• PMA = foreign direct investment

• Every PT with foreign shareholders is a PMA

photo credit: http://www.flickr.com/photos/marcobellucci/3534516458/

First things first…

• Industry

• Activities

• Business location

photo credit: http://www.flickr.com/photos/foxtongue/2822678678/

Foreigners owning shares

• Defined by Negative Investment List:

a) Can be owned 100% by foreigners

b) Can be partly owned by foreigners

c) Closed to foreigners

photo credit: http://www.flickr.com/photos/the_warfield/4992455554/

What about nominee arrangements?

• Arrangements where company has “fictional” shareholders are NOT safe

• No legal protection

photo credit: http://www.flickr.com/photos/56695083@N00/4254036845/

Minimum capital requirements

• Investment plan for 10 billion IDR

• Paid up capital for at least 25% but min. 300,000 USD

• Statement letter is sufficient until company is registered

photo credit: http://www.flickr.com/photos/seagers/860210865/

Company structure

• At least 2 shareholders

• Both individual and corporate shareholders are acceptable

• Min. one director

• Min. one commissioner

photo credit: http://www.flickr.com/photos/atomicshed/4434547381/

Duration of registration process

• Standard: 8 weeks

• Express (only for some industries) 3-4 weeks

Final thoughts…

• marlissa@indosight.com

• www.indosight.com

• @MarlissaD

www.indosight.com/blog