How do I start a foreign company in Indonesia?

Can foreigners own companies in Indonesia?

Foreigners can either set up a limited liability company which is 100% foreign owned or a limited liability company through a joint venture with Indonesian partners.

How much does it cost to set up a company in Indonesia?

The minimum paid-up capital for a foreign-owned company in Indonesia is Rp. 2,5 billion (~175,000 USD). Shareholders will have to sign a capital statement letter saying that the shareholders have sufficient funds for the capital requirements.

How can I start a business in Indonesia?

Starting a Business in Indonesia: 6 Steps to Follow

  1. Introduction.
  2. Ensure the business activity is not in the Negative Investment List.
  3. Establish the right legal entity.
  4. Deal with the bureaucracy.
  5. Prepare the location.
  6. Find resources.
  7. Choose The Right Company Registration Consultant.

Is it easy to start a business in Indonesia?

It is now much easier and more convenient for foreign investors to start a business in Indonesia. Previously, it took at least two months to complete the company registration process. … Great news for a business establishment in Jakarta: Company Domicile (SKDP) is no longer required, effective since May 2019.

Why do foreign companies invest in Indonesia?

Indonesia offers great opportunities to foreign investors due to the country’s large and young population, rising consumption, abundant natural resources, and cheap labour. Therefore, each year foreign direct investment (FDI) realization in Indonesia tends to grow.

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What is the most profitable business in Indonesia?

5 Most Profitable Industries in Indonesia Every New Entrepreneur Should Dive Into

  • Manufacturing. …
  • Leisure and Tourism. …
  • Mining and Energy. …
  • Infrastructure. …
  • Maritime, Shipping, and Ports Industry. …
  • How Cekindo can Assist You in Starting a Business in Indonesia.

What is the best business in Indonesia?

Top 4 Business Opportunities in Indonesia for Foreigners in 2021

  1. Travel Agency. With over 17,000 islands in Indonesia, the country offers diverse landscapes and purposes to augment global visitors’ traveling experience. …
  2. Manufacturing. …
  3. Construction. …
  4. E-Commerce.

Can foreigners buy property in Indonesia?

Can foreigners own freehold property in Indonesia? No, foreigners are not allowed to own freehold property in Indonesia. Instead, we can lease or own properties under other arrangements, such as right-to-build or right-to-use contracts.

Is it good to start a business in Indonesia?

According to The World Bank Group’s Ease of Doing Business ranking, Indonesia ranks 73 in the world to do business, ahead of the Philippines (rank 124), below China (46) and Malaysia (15). The country is on an upwards trend for ease of doing business, ranking 128 in 2013 and 91 in 2017.