Indonesia
Indonesia
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Requirements:
Document checklist:
$
2500
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2 weeks
PT, CV, UD, Koperasi, FA, Perkumpulan
Local legal address (Handled by B2B Hub)
1.Passport
2.Proof of Residence
Registrar
Abbreviation
Phone
Ministry of Law and Human Rights (Kementerian Hukum dan Hak Asasi Manusia)
N/A
+62 21 525 3004
Location
Capital
Official languages
Population
Currency
ISO 4217
Indonesia
Jakarta
Bahasa Indonesia
277,534,122
Rupiah
IDR
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Delivery
Registration documents and guidance
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Company formation process in Indonesia
Step 1
Register on our website
Step 2
Select Indonesia from the list and complete the registration form.
Indonesia
Step 3
Submit your application and continue to the payment step.
Step 4
After the specified period, receive your company formation documents and start growing your business successfully.
Company formation in Indonesia
FAQ for company formation in Indonesia
Q: What is the process for forming a company in Indonesia?
A: The process for forming a company in Indonesia involves several steps, including obtaining a company name and registering with the Ministry of Law and Human Rights, obtaining a tax identification number, and registering with the Indonesia Investment Coordinating Board (BKPM) for foreign investment.
Q: What are the different types of companies that can be formed in Indonesia?
A: There are several types of companies that can be formed in Indonesia, including limited liability companies (LLCs), joint venture companies, and foreign-owned companies.
Q: What are the requirements for forming a limited liability company in Indonesia?
A: To form an LLC in Indonesia, there must be at least two shareholders and a minimum paid-up capital of IDR 50 million. The company must also have at least one director and a local registered office.
Q: What are the requirements for forming a foreign-owned company in Indonesia?
A: To form a foreign-owned company in Indonesia, the company must first obtain an investment license from the Indonesia Investment Coordinating Board (BKPM). The company must also have a local nominee shareholder and a local registered office.
Q: What are the ongoing compliance requirements for companies in Indonesia?
A: Companies in Indonesia are required to file annual financial statements and hold an annual general meeting. The company must also comply with various tax and regulatory requirements.
Q: What are the tax implications for companies in Indonesia?
A: Companies in Indonesia are subject to corporate income tax on their profits at a rate of 25%. There are various tax incentives and exemptions available to companies in Indonesia.
Q: Can foreigners form a company in Indonesia?
A: Yes, foreigners can form a company in Indonesia. Foreign ownership restrictions and requirements vary depending on the type of company and industry sector.
Economy of Indonesia
"Indonesia has seen a steady growth in its economy over the past few years. According to the World Bank, the country's GDP grew by 5.17% in 2019, making it one of the fastest growing economies in the world. The country's GDP per capita also increased from $3,890 in 2018 to $4,092 in 2019.
The country's unemployment rate has also seen a steady decline over the past few years. In 2019, the unemployment rate was 5.3%, down from 5.5% in 2018. This is due to the government's efforts to create more jobs and reduce poverty.
Indonesia's exports have also seen a steady increase over the past few years. In 2019, the country's exports totaled $202.3 billion, up from $193.2 billion in 2018. This is due to the country's strong manufacturing sector and its focus on developing its export markets.
Overall, Indonesia has seen a steady growth in its economy over the past few years. The country's GDP, GDP per capita, unemployment rate, and exports have all seen positive growth, which is a testament to the government's efforts to create a more prosperous economy."
Taxation in Indonesia
Indonesia has a tax system that applies to both individuals and corporations. The tax rates and regulations can be complex, so here is an overview of the taxation system in Indonesia:
Corporate Taxation:
- The corporate tax rate in Indonesia is a flat rate of 22% for both domestic and foreign companies.
- There are also additional taxes that may apply, such as a regional tax and a branch tax.
- Corporations are required to file their tax returns by the end of April each year, and tax payments are due on the same date.
- Companies are required to pay their taxes in installments throughout the year based on their estimated annual income.
Personal Taxation:
- The personal income tax system in Indonesia is also progressive, with tax rates ranging from 5% to 30%.
- The tax year in Indonesia runs from January 1st to December 31st.
- Individuals are required to file their tax returns by the end of March each year, and tax payments are due on the same date.
- There are also several deductions and tax credits available to individuals, including deductions for health expenses and tax credits for donations to certain organizations.
Tax Payment Process:
- Tax payments can be made online or in person at a bank.
- The Indonesian tax authorities provide taxpayers with a tax return form each year, which can be completed online or on paper.
- The tax return must include information about the taxpayer's income, expenses, and deductions for the previous year.
- The tax authorities will then calculate the taxpayer's tax liability and send them a tax assessment.
- Taxpayers can choose to pay their taxes in a lump sum or in installments throughout the year.
In summary, Indonesia has a progressive taxation system for both individuals and corporations. Tax returns must be filed by the end of March or April each year, depending on whether the taxpayer is an individual or a company, and tax payments are due on the same date. Taxpayers can make their payments online or in person at a bank.
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