Looking for Answers? You’re in the Right Place!
Below you’ll find answers to the most common questions you may have on Company Registration (PT PMA), Virtual Office, Bank Account Opening, and KITAS. Also, please feel free to check out our Article Main Guide here. If you still can’t find the answer you’re looking for, just Contact us!
FAQ
These are the main inquiries about Indonesia Company Registration you may need.
Company Registration Service
Virtual Office Rent Service
Bank Account Opening Service
The KITAS
Business Research
Do I need to have Indonesian to register a company PT PMA?
For example, having Indonesian in the company expedites the bank account opening process.
The government recommends using an Indonesian name for your company, but it is not necessary.
We also strongly suggest that you have at least one Indonesian name based on our experience.
Which KBLI should I choose for my business?
Contact us for a free consultation to determine the most suitable KBLI based on your business activities and industry trends.
What is the process and timeline of registering a company in Indonesia?
Day 1: Client submitted all the documents through us and we submit it directly to notary and government.
Day 4: Draft of Company Deed sent to you and need to be signed.
Day 7: The signed draft will be issued as Company Deed (Akta Perusahaan)
Day 8: Issuing of Approval Decree by Government (Surat Keputusan / SK)
Day 9 : Register for Company Tax ID (NPWP)
Day 12 : Approval for Tax ID (NPWP)
Day 14: Issuing of Business Identification Number (Nomor Induk Berusaha / NIB)
Your Company Registerred!
What is a NIB and why is it important?
NIB is Nomor Induk Berusaha or in English is Business Identification Number as a label or your number registration of your business.
You can get one after getting your company tax ID (NPWP). It is needed for permits, following the law, and many business operations;
such as to run your business, especially for B2B.
Do I need to deposit IDR 10 billion upfront?
Capital contributions can be made in stages. Contact us for more information.
Do I neeed to have an actual office building to register business in Indonesia?
Some KBLI codes require a physical business location, but most KBLI codes can be registered with a Virtual Office.
What is a virtual office?
It can also include services like answering the phone and taking care of mail, giving companies more options and lower costs.
Where can I find a strategically located virtual office?
Who is eligible to use a virtual office?
Anyone who wants to set up a business in Jakarta at a fair cost and without having to buy traditional office space should look into this option.
What services are typically included with a virtual office?
A lot of organizations give services like receiving mail service, reception service, meeting rooms usage, and also with upgraded VO service, you can have a dedicated call service.
What types of businesses typically use virtual offices?
They're good for businesses that want to have a legal presence in Jakarta but don't want to spend a lot of cost on it, as well as for business nomads, digital entrepreneurs, consulting firms, and online companies.
But companies that have been around for a while may get more out of renting or owning real office space.
What are the benefits of using a virtual office?
There are also perks like flexibility (no long-term leases), a professional look with a prestigious address, and services that can be scaled up or down as your business grows.
Can foreigners open bank accounts in Indonesia?
Yes, people from other countries can open bank accounts in Indonesia.
It's easier to do with a KITAS or KITAP (must have KITAS)
You might need help from service providers, though. A local bank account makes it easier to handle your money and helps you avoid fees for doing business abroad.
What documents are required to open a bank account as an individual foreigner that has Investor KITAS?
- Passport
- Investor KITAS/KITAP
- Tax Identification Number (NPWP)
- Initial Deposit
What documents are required to open a bank account as a company?
- Deed of Incorporation (AKTA)
- Taxpayer Identification Number (NPWP)
- Director’s KITAS/KITAP
- Director's & Commisioner's Passport & KTP (for Indonesian).
- Initial Deposit
What documents are required to open a bank account as an individual foreigner that has Working KITAS?
- Passport
- Working KITAS/KITAP
- Tax Identification Number (NPWP)
- Initial Deposit
Which banks in Indonesia are more foreigner-friendly?
Indonesia has both local and international banks available to foreigners.
Foreigners may find it challenging to use ATMs or visit the offices of local banks such as BCA, BRI, Mandiri, Maybank, OCBC, and Bank Niaga due to language barriers.
If this is the case, we can assist you as an interpreter or translator.
What is an Investor KITAS and how does it differ from other KITAS types?
A Investor KITAS is a residence permit for foreign investors in Indonesia creating or funding companies (PT PMA).
Compared to other permits, it provides easier residency, cost savings, and flexibility.
What is the difference between an Investor KITAS and a Working KITAS?
The major difference between an Investor KITAS and a Working KITAS is what they are used for and who can get them.
Foreign investors who run or manage businesses (PT PMA) can get an Investor KITAS. People in director roles do not need a separate work permit for this position.
A Working KITAS is for people hired by Indonesian companies, and they need an extra work pass (IMTA). The Working KITAS is better for people who already have a job or small savings, while the Investor KITAS gives you more freedom.
How do I obtain a Work Permit (IMTA) with my KITAS?
You need an IMTA (Work Permit) if you have a KITAS and want to properly work in Indonesia (not as an investor-director).
This is set up by your employer through the Ministry of Manpower. The requirements vary by job and business.
How long is a Working KITAS valid, and can it be renewed?
You can stay in the country for up to six years with a
Working KITAS that is good for one year and can be updated
up to five times a year. After the fifth renewal, you must
either cancel your KITAS and reapply for a new one, which
could mean leaving Indonesia for a while, or if you are qualified,
you must upgrade to a permanent stay permit (KITAP).
Can an Investor or Working KITAS be converted to permanent residency?
You can stay in the country for up to six years with a Working KITAS that is good for one year and can be updated
up to five times a year. After the fifth renewal, you must either cancel your KITAS and reapply for a new one,
which could mean leaving Indonesia for a while, or if you are qualified, you must upgrade to a permanent stay permit (KITAP).
What happens if I change companies while holding a Working KITAS?
If you change jobs while having a Working KITAS, it won't directly go to the new employer because it is linked to your current job.
Your old KITAS needs to be canceled, and you'll need to apply for a new one with your new workplace as the sponsor.
This process needs new paperwork and, based on the rules for immigration, may require you to leave Indonesia for a short time.
I have a working KITAS. Can I still establish a company?
Yes, you can set up a company even with a working KITAS. However, if you opt for an investor visa, you must deactivate your working KITAS as per Indonesian regulations.
How do I know if I need this service?
Does EZPZ Indonesia cover any areas or cities in Indonesia?
Yes, we can conduct any type of research in Indonesia. For example, one of our clients contracted us to conduct agarwood research in Papua. Our team traveled there, carried out the research, prepared a detailed report, and helped our client determine whether the agarwood business was the right choice for them.