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PT PMA is a limited liability company that has a foreign direct investment of 1-100%. In PMA, foreigners are permitted to invest in and own a company without the assistance of a native partner. In PMA, foreigners may serve as proprietors, directors, or commissioners.
The PMA incorporation process takes about 2-3 weeks. This excludes the national and public holidays.
The minimum capital requirement for a PMA is 10 Billion IDR. This is a threshold for starting a company in Indonesia as a foreigner. Please reach out for more information and we would gladly provide you with guidance regarding the paid up capital requirements.
To establish a PT PMA, you need:
● At least one director, one commissioner, and two shareholders.
● A minimum authorized capital of IDR 10 billion (about USD 700,000), with 25% of it paid up.
● A business plan and investment plan approved by the Indonesia Investment Coordinating Board (BKPM).
Yes, in many business sectors, foreigners can own 100% of a PT PMA. However, certain sectors may require local partnership or have restrictions on foreign ownership as per the Negative Investment List.
Unfortunately, the KITAS extension will not be feasible without the submission of a physical passport and biometrics.
Upon arrival, you will be issued a 60-day visa to remain in Indonesia, which could be extended twice, and the visa will be valid for 90 days from the date of issuance.
Kindly be advised that the minimum required passport validity for entry into Indonesia, as well as for visa extension purposes, is six months from the intended date of entry, in accordance with the current regulations.
*Work KITAS: For foreign employees working in Indonesia.
*Family KITAS: For spouses and children of Indonesian citizens or KITAS holders.
*Retirement KITAS: For foreigners aged 55 or older who wish to retire in Indonesia.
*Student KITAS: For foreign students studying in Indonesia.
To renew a KITAS, you need to:
● Apply at the local Immigration Office.
● Submit the necessary documents, including the current KITAS, passport, and sponsor letter.
● Pay the renewal fee.
● Ensure the application is submitted before the current KITAS expires.
An NPWP (Nomor Pokok Wajib Pajak) is an Indonesian Tax Identification Number issued by the Directorate General of Taxes. It is required for individuals and businesses to conduct tax-related activities in Indonesia.
No, an individual or entity is only allowed to have one NPWP. It is a unique identifier for tax purposes.
Without an NPWP, you may face higher tax rates on your income, penalties for non-compliance, and difficulties in conducting financial transactions.
An NPWP is essential for:
● Complying with Indonesian tax regulations.
● Filing annual tax returns.
● Avoiding higher tax rates on certain transactions.
● Conducting financial transactions like opening a bank account.
● Applying for government permits and licenses.
Yes, foreigners working or conducting business in Indonesia can obtain an NPWP. They need to provide their passport, work permit (KITAS/KITAP), and a completed application form.
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