|
| |||||||
| Indonesia Business Start Up | |||||||
Indonesia business start up is difficult. The numerous challenges faced by global investors are acknowledged in international surveys such as the
World Bank's
2011 Doing Business Survey, which places Indonesia a lowly 121st.
The difficulties faced by investors include inconsistent laws, corruption among officials in the public and private sectors (Indonesia ranks a poor 110th in the world in the 2010 Corruption Perceptions Index by Transparency International) and excessive bureaucracy.
Most investors choose to use a professional services Firm to handle all formalities related to Indonesia business start up, which include:
| |||||||
| 1. | Arranging for company shareholders to sign a Deed of Establishment before an Indonesian notary. | ||||||
| 2. | Applying for company name approval to the Ministry of Justice and Human Rights. | ||||||
| 3. | Obtaining a Certificate of Company Domicile from the management of the building in which office space is leased or where the registered office is located. | ||||||
| 4. | Obtaining a tax registration number from the local Tax Office, as well as applying for a VAT collector number. | ||||||
| 3. | Lodging at least half the company's issued capital in an Indonesian bank account opened in the name of the proposed company, the other half being paid once the Ministry of Justice and Human Rights approves the company's Articles of Association. | ||||||
Arranging for the notary to prepare the Deed of Establishment by electronically filing the bank account certificate, tax registration certificate and Certificate of Company Domicile at the Ministry of Justice and Human Rights. | |||||||
| 6. | Registering the company at the Department of Trade. | ||||||
Arranging for the notary to publish the company's Articles of Association in the State Gazette. The application is submitted to the State Printing Company, which usually takes 2 to 3 months to publish the notice. Until this is done, the company is unable to begin trading. | |||||||
| 7. | Registering the company with the Ministry of Manpower (if it employs more than 10 staff). | ||||||
| Contact Us | ||
For more information on Indonesia business start up, contact email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
| ||
Back to Indonesia Company Formation page.
|