How much is it cost to set up a company in Indonesia might be become many people questions? Before discussing how much is it cost to set up a company in Indonesia, you will have to note that there are three main requirements for establishing a Limited Liability Company in Indonesia is stipulated in Law No. 40 Years 2007 which are founders, foundation basis, and capital.
From time to time, Government attempts to ease the process of the company of establishment so that the answer of the question how much is it cost to set up a company in Indonesia will not be a burden too. Currently, there are many new companies established in Indonesia and giving significant impacts to the job employment. How much is it cost to set up a company in Indonesia depends on many factors such as terms of establishment of companies in Indonesia. You can discuss those factors for more explanation with a trusted business consultant.
Terms of Establishment of Companies
- The Founders
Limited Liability Company or also known as PT in Indonesia is a form of legal company in Indonesia. This type of business in Indonesia needs a least established by two people as the shareholder. The agreement in which the company is found must be made in the Indonesian language by notaries deed. The number of the shareholder will affect how much is it cost to set up a company in Indonesia. If only one person owns the company, the responsibility will change from limited to unlimited in which the company will not become a PT because it is the founder responsibility personally.
If the company is only owned by an individual, it will also change how much is it cost to set up a company in Indonesia. The founder of the company can be Indonesian, foreign citizen, Indonesian or International Legal entity. You can discuss more about how much is it cost to set up a company in Indonesia with your notary or business consultant, or you can contact us for more information.
- Company Foundation
LLC or PT is established by making an authentic certificate or deed with the presence of the notary. This deed contains the Articles of Association and other related documents. The presence of the notary itself will also affect on how much is it cost to set up a company in Indonesia. This deed has to be approved by the Minister of Law and Human Rights as a legal entity and should be registered in the related departments regulated by Law No. 3 Years 1982 about Compulsory Corporate Registration. You can always discuss about how much is it cost to set up a company in Indonesia by contacting us or consulting with your legal consultant.
- Capital
The most influential thing on how much is it cost to set up a company in Indonesia is the term capital. Based on the regulation, the minimum capital of establishing LLC or PT in Indonesia is about Rp. 50.000.000,-. But since the government issued Regulation No. 29 Years 2016, the minimum requirement of the capital becomes lesser. It also affects how much is it cost to set up a company in Indonesia.
If you feel like you doesn’t have much time to take care of your company establishment process yourself, you can get a help from trusted business consultant and notary to discuss how much is it cost to set up a company in Indonesia. You can contact us to find more information about how much is it cost to set up a company in Indonesia.
Getting a useful help from a trusted business consultant will make the process of establishing a company in Indonesia a lot more easier. Hopefully, this article about how much is it cost to set up a company in Indonesia will give you some help and understanding too.