How to Get a Business License in Indonesia?
Corporate Secretary Service – A Foreign Investment Limited Liability Company (PT PMA) is a great way to expand your business in Indonesia. Many foreign investors are attracted to Indonesia’s huge market potential. There are several stages and requirements for setting up a PT PMA. Knowing these steps will help you do the process more easily and quickly. Learn the Indonesian regulations for PT PMA. This will help you fulfill all the requirements. This article will discuss the steps and requirements for setting up a PT PMA. Let’s look at the steps for setting up a PT PMA.
There are several stages involved in setting up a PT PMA. Each stage has different requirements. It is important to understand each step. Here are the main stages for setting up a PT PMA in Indonesia.
1. To start, you need an initial license. Apply for a principal license from BKPM. The principal license is the first approval to do business in Indonesia. You will need a business proposal and company structure information. Once you have the principal license, you can move on. An in-principle license is usually valid for one year, so you’ll need to meet all requirements within that period. Once you have the permit, you can start planning the next steps for setting up a PT PMA.
2. Create a company deed of establishment after getting the principle permit. The company deed of establishment must be drafted by a notary public. It should list the company’s name, address, purpose, and ownership. Work with the notary to make sure the deed of establishment has the right information. The Ministry of Law and Human Rights must then approve the deed of establishment. The legalization process takes a few days to a week. Once the deed is legalized, you can move on to the next step.
3. Register your NPWP (Taxpayer Identify Number / TIN) and NIB (Nomor Induk Berusaha). You need an NPWP for corporate tax and a NIB for corporate ID. Register NPWP and NIB through the Online Single Submission (OSS) system. You can get an NPWP and NIB in a few days. Once you get the NPWP and NIB, your company will be able to do business in Indonesia. This is important for your company to operate legally.
Read Also: Learn The Business License Fee in Indonesia Before Invest
4. Next, apply for a business license. You need a business license to operate your business. Business licenses vary by type of business. Know which licenses you need. You can get a business license through OSS or from the relevant agencies. Get the right documents to apply for a business license. Once you have a business license, you can start your business.
5. You also need a location permit. This permit ensures your business meets all requirements. The location permit process may involve several government agencies. You need to prepare documents like a location plan, land certificate, and local government permission. The location permit process can take several weeks to months depending on the permit required. Have all documents ready to speed up the process.
6. After getting all the permits, submit the investment activity report to BKPM. The report shows what investments you have made. You must submit it regularly, as required by law. This helps you comply with regulations. It also lets you track your investments in Indonesia. Once you submit the report, your PT PMA setup is finished. You can then focus on your business.
Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now for your business success in the future!
