Ameek Singh
1 post
Feb 12, 2025
10:50 PM
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The process of company registration in Indonesia involves several steps to ensure compliance with local regulations and legal requirements. The first step is to reserve a company name through the Ministry of Law and Human Rights, ensuring the name is unique and adheres to naming guidelines. Once approved, the next step is to prepare the Articles of Association (AoA), which outline the company’s structure, purpose, and operational rules. This document must be notarized by a licensed Indonesian notary.
Following this, the company must obtain a Tax Identification Number (NPWP) and register for VAT (if applicable) with the Directorate General of Taxes. The company must also secure a Business Identification Number (NIB) through the Online Single Submission (OSS) system, which serves as the primary business license. Depending on the business activities, additional sector-specific licenses or permits may be required.
For foreign investors, approval from the Investment Coordinating Board (BKPM) is necessary, along with compliance with foreign ownership restrictions under Indonesia’s Negative Investment List. The company must also open a local bank account and deposit the minimum required capital. Finally, the company must register with the Manpower Office if hiring employees and obtain a Company Domicile Letter from the local government. Once all steps are completed, the company is legally recognized and can commence operations in Indonesia.
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