Frequently Asked Questions about Indonesia
The following are some of the most frequently asked questions about Indonesia Company Formation:
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How long does it take to incorporate an Indonesian company?
Registering an Indonesian company is time-
consuming, taking up to 16 weeks. |
What are the main challenges of setting up a company in Indonesia?
Foreign investors require approval from the Indonesia Investment Coordination Board prior to setting up a company in Indonesia. |
How difficult is it to open a corporate bank account for an Indonesian company?
Because of the poor international reputation of an Indonesian company, opening a corporate bank account with a reputable international bank is difficult. |
Am I required to visit Indonesia to incorporate a company there?
No. Healy Consultants can legally incorporate your Indonesian company without you needing to travel. |
What is the minimum number of directors required for an Indonesian company?
Under statutory regulations, an Indonesian
company requires a minimum of two directors. |
Is a resident director required?
An Indonesian company does not require a resident director. |
What is the minimum number of shareholders required for an Indonesian company?
A minimum of two shareholders is required. |
Can my company be 100% foreign-owned?
Yes. A wholly-owned foreign company in Indonesia (known as a Penanaman Modal Asing, or PMA), is an excellent way for entrepreneurs to control an Indonesian company and make strategic management decisions. However, 15 years after incorporating a PMA company in Indonesia, that is 100% foreign investment, at least 5% of shares must be sold to an Indonesian citizen or company. |
Are shareholder/director details available for public viewing?
Yes. |
What are the minimum capital requirements for an Indonesian company?
An Indonesian wholly-owned foreign company
has a minimum share capital requirement of 877
million rupiah (US$100,000). |
Is an Indonesian company required to submit an annual tax return and/or financial statements?
Most Indonesian company types are obliged
to submit an annual tax return and/or
financial statements, with the exception of a
representative office. |
What are the tax implications of an Indonesia Company formation?
An Indonesia Company is liable to pay a
corporation tax of 25% on income sourced in
Indonesia and internationally. Apart from stocks
and private property, capital gains are taxed as
ordinary income. |
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| Contact Us |
| For more information on any of our Indonesia corporate services, e-mail email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
| Back to Indonesia Company Formation page. |
