Setting up a company is a heavy thing to do. It is not as easy as build home business because it will require many requirements that you must fulfill. To help you, here we explain how long to set up a company in Indonesia (yes, it’s specifically for foreign citizens).
In this article, we would like to inform and explain you briefly to you about how long to set up a company in Indonesia. For your information, Indonesia has somewhat strict laws about building a company, even for its domestic citizen. Without a long wait, let’s examine our article about how long to set up a company in Indonesia.
How Long to Set Up a Company in Indonesia?
First thing first, you should know that the process of building a company in Indonesia is various. You need to prepare some stocks or capital, a bunch of documents for law and administration need, go back to the office to give the documents and so on. So, how long does it take to set up a company in Indonesia?
- Administer by Deed of Incorporation from Notary
The first stage you need to do after preparing a capital is to manage a deed of incorporation. In this stage, you need to complete specific documents requested by the notary and give it to the notary back. The deed will be functioned to prove that your company is legal. How long to set up a company in Indonesia? This stage takes two to three days of work.
- Company’s domicile certificate
You must manage where you want to build your company. This information will be taken care and included in company’s domicile certificate. How long to set up a company in Indonesia? This stage takes four until five days.
- Tax ID Number
Building a company means you also should pay your tax. This is the consecution to pay the government’s effort to legalize your business. The tax will be determined by your business. There are plenty levels of tax, and you can learn it after creating this ID. How long to set up a company in Indonesia? This stage takes one to two days of work.
- Legalization of the Minister of Law and Human Rights
After complete the required documents, you still have to legalize them to the Minister of Law and Human Rights. It’s because building a company is on the human rights, and when you want to do that in Indonesia, you must have the legalization from Ministry of Law and Human Rights. How long to set up a company in Indonesia? This stage takes a long time, around 28-38 days of work.
- Trading business license (including inspection)
Soon as getting the legalization, you still need to administer trading business license. It is the certificate that tells people that your company is legal, same as the deed of incorporation. After that, you still need to let the government inspect your company and system, in case there is something suspicious. How long to set up a company in Indonesia? This stage takes ten to 12 days of work.
- Certificate of company registration
This is the final stage where you will get the legal and fixed certificate about your company registration. How long to set up a company in Indonesia? This stage requires ten to 12 days of work.
So, how long to set up a company in Indonesia? According to those points, we can say that you could build your business in Indonesia legally in 55 until 72 days of work, or same as two until three months. It also depends on the business-government has, because if there are many activities and agendas in government, the stages will take much more time.
Thus, do your question about how long to set up a company in Indonesia answered thoroughly? Let’s we know.