If you are a foreign company or individual looking to start a business in Indonesia, PMA (Penanaman Model Asing) company incorporation is the safest way to start a business in Indonesia. It will ensure the investor has complete control over the direction of the company. There are no restrictions where the company can operate and reduces the risk of finding a suitable local partner.
Being a foreign-owned company, the investment value is much higher than that of PT. The investor must invest more than 1 million USD / 10 billion IDR as an investment plan, with a paid-up capital of more than 250,000,000 USD / 2.5 billion IDR. The investment plan can be either cash or fixed assets, such as machinery. The paid-up capital does not need to be paid until after the company is established.
List of required documents
Minimum 2 shareholders
Identity and contact information of the company’s shareholders:
– For Indonesian individuals, KTP and NPWP
– For foreign individuals, a valid passport
– As for Indonesian companies, a copy of the articles of incorporation, amendments and approval from the Ministry of Law and Human Rights, letter of domicile, tax ID, business license, and company registration certificate (TDP/NIB)
– For foreign companies/entities, a copy of the Articles of Association in English or its translation in Indonesian
3. Identity and contact details of the company’s directors and commissioners:-For Indonesian individuals, KTP, NPWP, email and phone number.
-For foreigners, a valid passport, email and phone number.
4. A copy of the lease contract between the company and the building management