Fast business set up solutions for Indonesia

Fast business set up solutions for IndonesiaIndonesia turnkey solutions

Indonesia business solutions for quick company incorporation servicesUnfortunately, setting up a new company in Indonesia for foreign investors takes 4 months (click link). As a work around solutions, Healy Consultants provides our multi-national Clients’ two fast solutions. They include i) acquiring a ready-made dormant Indonesian company with an already approved corporate bank account or ii) setting up a new company with Healy Consultants as sole director and shareholder for 5 months.

With these two fast solutions, our Clients can expect to begin trading in Indonesia within 6 weeks, reducing engagement lead time by 70%. Within 2 months, Healy Consultants can provide our Client i) company registration number ii) a company tax number iii) a new corporate bank account number and iv) a local business address. Refer to the summary table below:

 Fast Nominee SolutionTurnkey solutionRegister a new business
Our recommended solution in order of preference?123
How soon can our Client legally issue sales invoices to customers?After 6 weeksAfter 2 weeksAfter 3 months
How soon can our Client legally sign sales contracts with local customers?After 6 weeksAfter 2 weeksAfter 3 months
How soon can our Client lease permanent office premises and warehouse?ImmediatelyAfter 2 weeksImmediately
How soon can our Client recruit local and expatriate staff?After 6 weeksAfter 2 weeksAfter 3 months
Estimated total cost of this engagement?US$60,200US$57,475US$28,740
Estimated paid up share capital to be injected over the coming 2 months?US$40,000US$200,000US$200,000
Estimated paid up share capital to be injected before engagement completion?US$200,000US$200,000US$200,000
How soon can we supply our Client a bank account number?After 2 monthsAfter 2 weeksAfter 4 months
Physical office required to be leased during company registration?YesYesYes
Must apply for tax numbers?YesYesYes
Must apply for an import\export license?NoNoNo
Must apply for a regulatory license?NoNoNo
Before company registration, foreign investment Government approval required before legally conducting business?NoNoYes
After company registration, how long to appoint our Client’s preferred corporate structure?2 months2 months0
Total engagement period; to finish the engagement?4 months2.5 months4 months
Draft sales invoice – press buttondraft invoice for Indonesia fast solutiondraft invoice for Indonesiadraft invoice for Indonesia

Advantages and disadvantages of a fast corporate structure solution

NoAdvantagesNominee companyShelf Company
1.Within a month, our multi-national Clients can legally conduct business in Indonesia;YesYes
2.Our Client does not have to travel to Indonesia for company registration and multi-currency corporate bank account opening;YesYes
3.Our Client can immediately recruit staff to help complete business set up;YesYes
4.The entity is already registered for tax, including payroll, corporation tax, sales taxes;NoYes
5.Government administrative tasks\delays are tackled after business set up, rather than before company registration;YesYes
NoDisadvantagesNominee companyShelf Company
6.It is an expensive solution;YesYes
7.After company registration, it is necessary to spend 4 weeks changing the business activity and change company name;YesNo
8.After company registration, it is necessary to spend 2 months appointing our Clients’ preferred shareholders and directors;YesYes
9.After company registration, it is necessary to spend 1 month appointing our Clients' preferred bank signatory;YesYes
10.At the beginning of the engagement, it is necessary to spend 2 weeks to ensure the entity is clean and dormant;NoYes
11.After company registration, Government foreign investment approval is still required to appoint our Client as shareholder?YesYes
12.The company might have had business operations in the past, which makes the handover process more complicated.NoYes

Steps to purchase a turnkey solution in Indonesia

No.StepsWeek
1.Healy Consultants Compliance Team receives the required corporate and personal due diligence (click link) information from our Client;1
2.Our Client signs Healy Consultants Group PLC engagement letter and returns the original to our Singapore Head office. Our Client settles our fees;1
3.Our Client confirms by email the planned corporate structure and e-mails the required due diligence;1
4.For our Client, Healy Consultants Group PLC prepares a tailored detailed project plan (click link);2
5.Healy Consultants Group PLC provides our Client i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number;2
6.Healy Consultants Group PLC emails our Client a template customer sales invoice complying with local commercial laws and includes i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number;2
7.Our Client can inform customers and suppliers; issue invoices for selected products and services, sign legal contracts and hire local staffs in Indonesia. Healy Consultants Group PLC will inform our Client if some business activities require additional approval and licenses from the Government;3
8.If required, Healy Consultants Group PLC will apply for i) a specific regulatory license and ii) an import export license. There can be additional Government requirements to secure the same including higher paid-up capital requirements;4
9.Healy Consultants Group PLC prepares and emails our Client the required documents to appoint them as directors and shareholders and bank signatory including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Indonesia (if required);5
10.Our Client reviews and signs the documents in front of the Indonesian Embassy Consular at our Client’s country of residence and courier return the same;6
11.Healy Consultants Group PLC and our Client attends a meeting with the Indonesian bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:

  • Signed appointment of bank signatory forms;
  • Client’s passport copy and proof of address;
  • Indonesian company kit;
  • Other Client due diligence.
7
12.Following a review of the corporate bank account signatory change application, the bank(s) may revert to Healy Consultants for additional information. Healy Consultants and our Client provides the same in a timely manner;8
13.There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview. As always, Healy Consultants will aggressively negotiate for a travel exemption, asking the bank to just perform a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Indonesia;9
14.The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc.) to Healy Consultants office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf;10
15.Healy Consultants Group PLC will apply for a Foreign Investment Approval Certificate from the BKPM (click link);10
16.Following a review of the foreign investment license application, BKPM may revert to Healy Consultants for additional information. Healy Consultants Group PLC and our Client provides the same in a timely manner;12
17.The BKPM approves the foreign shareholder to purchase shares in the local company. Immediately after, Healy Consultants Group PLC submits an application to the Ministry of Law and Human Rights (MLHR) to amend the Business License;14
18.The MLHR issues the amended Business License, showing the new shareholder, company name, business activity and charter capital. Our Client is sole director and shareholder of the company;16
19.Immediately after, Healy Consultants Group PLC emails our Client i) a Foreign Investment Approval Certificate ii) amended Business License and iii) new M&AA showing the appointment of the new foreign shareholders and directors;16
20.Healy Consultants Group PLC will courier the following to our Client:

  • Company kit containing original Indonesian corporate documents;
  • The banking kit;
  • Healy Consultants Customer Satisfaction Survey.
16
21.Healy Consultants Group PLC successfully completes our Client’s engagement.16

Inventory of Indonesian shelf companies

PriceOwnershipCompanyDetailsAdvantages
US$31,450100%Hotel (Resort and Spa)42 room Hotel in Bintan;

License(s): Hotel license with maximum of 20 employees and 42 rooms max.

License validity until 27th Feb 2020.

Bank accounts: Citibank, SCB, HSBC and Barclays.

Frequently asked questions

Contact us

For additional information on our company registration services in Indonesia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi