Indonesia company registration

Indonesia company registration

Since 2003, Healy Consultants has been effectively assisting our Clients with i) business registration ii) Indonesian corporate banking solutions iii) resident director and iv) accounting and legal requirements.

Indonesian corporate structures100% foreign owned LLCFast solutionFree Zone LLCRepresentative OfficeLLPLocal owned LLC
Summary
Best use of company?Trading products and servicesFast business setupExport companyMarketing and researchProfessional ServicesIndustries closed to foreigners
Also known as?PMAPT-PMA conversionKPB companyKPPACVPT
Legally tax exempt if properly structured?NoNoYesYesYesNo
Corporate bank account location?SCB Indonesia DBS IndonesiaHSBC IndonesiaANZ IndonesiaCitibank IndonesiaANZ Indonesia
How soon can you legally invoice Clients'?3 months6 weeks3 monthsNever6 weeks6 weeks
You need a local Indonesian citizen as a sponsor?YesYesYesYesYesYes
Wholly foreign owned entity?YesNoYesYesNoNo
Must appoint an Indonesian resident as bank signatory?YesYesYesYesYesYes
Security deposit to be kept with Government?NoNoNoNoNoNo
Client must travel to Indonesia?NoNoNoNoNoNo
Can secure trade finance?YesYesYesNoNoYes
Limited liability entity?YesYesYesNoYesYes
Average total engagement costs?US$18,100US$60,200US$18,100US$19,250US$18,100US$39,350
Average total engagement period?4 months5 months4 months4 months2 months2 months
Accounting and tax considerations
Statutory corporation tax payable?25%25%25%0%0%25%
Must file an annual Indonesian tax return?YesYesYesNoNoYes
Must file annual financial statements?YesYesYesYesYesYes
Must appoint an auditor?YesYesYesNoYesNo
Access to double taxation treaties?YesYesYesNoYesYes
Indonesian withholding tax on dividends to parent company?20%20%20%0%0%20%
Legally tax exempt entity, if properly structured?NoNoYesYesYesNo
Company registration
Indonesia resident director/manager required?YesYesYesYesYesYes
Minimum number of directors/managers?111111
Indonesia resident shareholders/partners required?Depends on business activityYesNoNoYesYes
Minimum number of shareholders/partners?222Parent company22
Minimum paid up share capital?US$200,000US$200,000US$200,0000US$1From US$3,745
Government foreign investor approval required?YesYesYesNoNoNo
Shelf companies available?YesYesNoNoNoYes
Time to incorporate a new entity?3 months6 weeks3 months3 months6 weeks6 weeks
Can have preference shareholders?YesYesYesNoNoYes
Business considerations
Can invoice local customers in your company name?YesYesNoNoYesYes
Can hire local staff in your company name?YesYesYesYesYesYes
Can rent local office space in your company name?YesYesYesYesYesYes
Secures a residence visa for business owner?YesYesNoNoYesYes
Good entity for trademark registration?YesYesNoNoYesYes
Average monthly office rental? (US$ per sq. m)US$27
Minimum statutory annual salary?US$2,830 (Jakarta)
Average monthly US$ salary for local employees?US$1,200
Indonesian Rupiah deposit interest rate? (1 year average)6.50%
US$ deposit interest rate? (1 year average)0.75%
Overseas remittance currency controls?No
Public register of directors and shareholdersYes
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Excellent

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