|
| |||||||
| Indonesia Company Set Up | |||||||
Indonesia company set up is complex because of unclear company registration procedures, costs and bureaucracy. These difficulties are highlighted in Indonesia’s poor rankings in global business surveys. For example, the country ranks just 122nd in the 2010 Doing Business Survey by the World Bank, and is perceived as the world’s 111th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International. The following is summary of Indonesia company set up obligations and features faced by foreign investors.
| |||||||
| 1. | Under Indonesian corporate law, all company types, except the Representative Office, require a minimum of two shareholders and directors. The shareholders and directors can be of any nationality, and need not be resident in Indonesia. After Indonesia company set up, director and shareholder details are available for viewing on a public register for all entities except the Representative Office.
| ||||||
| 2. | Most investors undertaking Indonesia company set up obtain a 15- or 30-year business license, although it is possible to obtain longer term licenses for specific projects or businesses promoted by the government.
| ||||||
| 3. | Unlike some countries, it is not necessary for a company to rent business premises in Indonesia. The registered office address will suffice. Some international entrepreneurs wishing to complete Indonesia company set up, organize for a virtual office through a local corporate services firm.
| ||||||
| 4. | To comply with Indonesia company set up regulations, all company types require a company secretary and registered office.
| ||||||
| 5. | All Indonesian companies, except the Representative Office, must have a minimum issued share capital of US$1,000. The Representative Office has no capital requirement.
| ||||||
| 6. | Following Indonesia company set up, only a 100% foreign-owned company is legitimately exempt from annual accounting, audit and tax obligations | ||||||
| Contact Us |
For more information on Indonesia company set up, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
Back to Indonesia Company Formation page |