14 steps to incorporating in Indonesia in 2024

PRE-INCORPORATION

1. Consultation: Our Client i) settles our engagement fees ii) signs and returns the Engagement Letter and iii) provides us all the required due diligence documents.
2. Corporate structure: Healy Consultants Group agrees with our Client on the optimal corporate structure for the proposed company, including shareholders and directors.
3. Project planning: Healy Consultants Group drafts a detailed engagement project plan, mapping out by week each step to incorporation engagement completion, optimising transparency and setting Client expectations.
4. Power of Attorney (PoA): Healy Consultants Group drafts and emails our Client i) PoA ii) letter of share capital allotment and iii) letter confirming registered address, for signatures and courier back to Indonesia.
5. Name reservation: Our Incorporation Team reserves the company name with the Ministry of Justice and Human Rights.

INCORPORATION PROCEDURE

1. Notarisation and submission: The Incorporation Team prepares company deeds of establishment and notarises the same with the Public Notary, and submits them along with all the original signed documents to the Indonesian government.
2. Incorporation: Healy Consultants Group settles the applicable government fees and obtains i) approved Deed of Incorporation ii) Ministerial Decree and iii) Business Identification Number (NIB).
3. The foreign investor’s shareholding percentage must meet requirements under the Indonesia Investment Coordinating Board’s Negative Investment List (DNI).
4. Tax certificate: The Incorporation Team submits an application to the Tax Office to obtain i) Tax Registration Number card ii) Tax Registration Certificate.

POST-INCORPORATION

1. Other registrations: If required, Healy Consultants Group assists our Client to register with i) the Ministry of Manpower and ii) Social Security Administrative Bodies (BPJS Ketenagakerjaan, BPJS Kesehatan).
2. Bank account: If required, Healy Consultants Banking Team assists our Client open a corporate bank account with HSBC or SCB Jakarta or their preferred bank.
3. Work permit (KITAS): Indonesian banks will require a bank signatory to obtain a work permit before account is approved. If required, Healy Consultants Group assists our Client to secure a work permit within eight weeks.
4. Other consideration: Certain regulated activities may require our Client to present a Report of Capital Investment Activity to the Capital Investment Coordinating Board (BKPM) for approval before proceeding with incorporation.
5. Engagement completion: Healy Consultants Group couriers a full company kit to our Client, including original Indonesia corporate documents translated in English, unopened bank correspondence and a Client feedback survey.