Shelf company/turnkey solutions for Indonesia

Shelf company/turnkey 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:

 Nominee CompanyShelf CompanyNew Company
Our recommended order of preference123
Estimated total cost of this engagementUS$60,200US$31,450US$18,100
How soon can the company issue invoices and sign legal contracts?Within 6 weeksAfter 1 monthAfter 3 months
How soon can the company hire local staff?Within 6 weeksAfter 1 monthAfter 3 months
How soon can we provide our Client a bank account number and tax number?2 months1 month4 months
Estimated timeframe to change the corporate structure?2 months2 months0
Paid up share capital required?US$40,000 within 2 months and
US$210,000
within 1 year
US$250,000US$250,000
Foreign investment BKPM approval required (click link)?YesYesYes
Physical office required to be leasedYesYesYes
Draft invoiceNominee company IndonesiaIndonesia shelf companyIndonesia PMA

Advantages and disadvantages of a fast corporate structure solution

NoAdvantagesTurnkey solutionNominee company
1.Your Firm will be able i) invoice customers faster and collect receivables ii) minimize red tape and bureaucracy iii) hire local staff faster iv) sign legal contracts as soon as practical;YesYes
2.The company will already have foreign investment approval. It may not be necessary to seek BKPM (click link) approval;YesNo
3.Our Client does not have to travel to Indonesia for company registration and multi-currency corporate bank account opening;YesYes
Disadvantages
4.It is an expensive solution;YesYes
5.it may be necessary to amend the business activity license of the company and resubmit to BKPM for foreign investment approval.YesNo

Steps to purchase a turnkey solution in Indonesia

No.StepsWeek
1.Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;1
2.Our Client signs Healy Consultants 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. If required, Healy Consultants will be happy to act your Firm’s resident director;1
4.Healy Consultants 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. Our Client can inform customers and suppliers;2
5.Healy Consultants emails the Indonesia shelf company director i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Indonesia (if required);2
6.The existing Indonesia shelf company director’s signature signs and courier return the originals legal transfer documents to Healy Consultants Indonesia office. Healy Consultants’ Company Secretary Team submits transfer documents to Indonesia company registry for processing;2
7.Healy Consultants’ Company Secretary Team emails our Client a copy of the signed legal share allotment. Legal share transfer, change of company address and lease agreement for our Client’s record;2
8.The Indonesia registry approves the change of company ownership application and emails Healy Consultants proof of transaction. Healy Consultants then emails our Client i) the certificate of incorporation and ii) the M&AA with the new shareholders and directors;4
9.Indonesian service companies are required to give presentation re their business in the country before BKPM. If required, Healy Consultants will be pleased to give this presentation on our Client’s behalf for an additional fee;4
10.Healy Consultants’ Banking Team and our Client attends a meeting with the Indonesia 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;
• Indonesia company kit;
• Proof of business together with other Client due diligence;

As always, Healy Consultants will aggressively negotiate a travel exemption for our Client, 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.

4
11.The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to our Client;5
12.Healy Consultants will courier the following to our Client:
• Company kit containing original Indonesia corporate documents
• The banking kit;
• Healy Consultants Customer Satisfaction Survey;
5
13.Our Client receives a courier from the bank comprising internet baking information. The bank signatory activates the internet banking.6

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