Butler Visa Agency
Jl. Merta Nadi, Kuta, Kec. Kuta, Kabupaten Badung, Bali 80361
Jl. Merta Nadi, Kuta, Kec. Kuta, Kabupaten Badung, Bali 80361
Butler Visa Agency
Jl. Merta Nadi, Kuta, Kec. Kuta,
Kabupaten Badung, Bali 80361
Jl. Merta Nadi, Kuta, Kec. Kuta,
Kabupaten Badung, Bali 80361
Company with foreign investments RT PMA
Opening a PT PMA company in Indonesia for foreign citizens — is the first step to legalizing your business.
❗️ We assist in opening and legalizing even complex and specific types of activities with mixed licensing. Our team of experts, including local and international lawyers, is ready to help find unconventional solutions.
PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a company form (similar to an LLC) where the founders are foreign citizens. Any organization with foreign investor funds (whether 100% or 1%) is considered foreign.
Advantages of opening a company in Indonesia:
- The ability to legally conduct business in Bali, earn income, and grow the company.
- Most types of activities are available.
- The possibility to open a company bank account in multiple currencies.
- The opportunity to apply for an investor KITAS visa for the founders and dependent (family) KITAS visas for their family members.
- The entire process can be completed online without your presence (the company can be established by proxy without being in Indonesia) and "turnkey" in just 7 working days.
- A PT PMA company must have a minimum of two founders: these can be either two foreigners or a foreigner and an Indonesian citizen.
- The Indonesian government allows foreigners to open only medium-sized companies with a capital of at least 10,000,000,000 IDR. When registering the company, there is no requirement to present the authorized capital; you only need to state your intention to inject this capital as your business develops.
- The company must have genuine intentions to conduct business in Indonesia.
- The planned activity must be allowed for foreign-owned companies — We assist in selecting the appropriate business classification for the maximum possible ownership share.
The maximum allowable ownership percentage of a company depends on your business category. Ownership can range from 100% (meaning foreigners can fully own such a company), 49%, or 1%, up to activities completely closed to foreign investments.
The types of economic activities (KBLI) are published on the OSS portal, under the control of the Ministry of Investment.
The document regulating industries with restricted access is the Negative Investment List (DNI). This list is frequently updated, so translating it is not practical.
For example:
Activities involving the production of wood products or the production and processing of coffee beans exclude foreign investments.
Maritime passenger transport or cargo transport activities are open to foreign capital with a maximum ownership share of 49%.
Activities such as real estate agencies, marketing agencies, cafes, restaurants, wholesale trade, and e-commerce are 100% open to foreign capital.
When you contact us, we will discuss your planned business direction together and select the category with the maximum allowable ownership share.
If your activity is completely inaccessible to foreign investments, we can help you open a PT (Perseroan Terbatas) — a company with local investments.
The types of economic activities (KBLI) are published on the OSS portal, under the control of the Ministry of Investment.
The document regulating industries with restricted access is the Negative Investment List (DNI). This list is frequently updated, so translating it is not practical.
For example:
Activities involving the production of wood products or the production and processing of coffee beans exclude foreign investments.
Maritime passenger transport or cargo transport activities are open to foreign capital with a maximum ownership share of 49%.
Activities such as real estate agencies, marketing agencies, cafes, restaurants, wholesale trade, and e-commerce are 100% open to foreign capital.
When you contact us, we will discuss your planned business direction together and select the category with the maximum allowable ownership share.
If your activity is completely inaccessible to foreign investments, we can help you open a PT (Perseroan Terbatas) — a company with local investments.
Registering a company with foreign investments takes 4-7 working days.
- Company Name: Three words in English.
- Business Activities: Up to 5 activities to be conducted.
- Contact Information: Phone number and business email address — this will be the login for all company accounts.
- Documents: Scanned version of the first page of the passport of all founders and 3x4 format photographs.
- Directors and Shares: Composition of directors and their shares (e.g., 50/50 or 70/30).
- Lease Agreement/Land Certificate: If available (not required when registering a virtual office).
- Initial Consultation: Discuss the details of your future business with our specialist via messenger, in person at our office, or by phone.
- Document Submission: Provide us with the personal documents of the company founders, and we will start preparing the registration documents.
- Document Preparation: Within 2-3 working days, we will schedule a meeting at our office for signing the papers (this can also be done remotely).
- Company Registration: After preparing the statutory documents, we will register the company in government online portals, obtain the operational license for your activities, tax number, and create a company seal.
- Completion and Delivery: We will notify you when everything is ready and send the documents via free courier, or you can pick them up in person at our office.
To ensure your company can legally operate, additional steps are required:
- The company’s General Director must obtain an Investor KITAS, which can be done immediately after company registration.
- The General Director must obtain a personal tax number (NPWP) — right after receiving the Investor KITAS.
- The General Director must open a bank account in an Indonesian bank.
- The company must sign a contract with a tax consultant/accountant to ensure timely submission of tax and investment reports.
Initially, you can declare as many business activities as you potentially need, and we will include them in your company’s Articles of Association. However, this does not mean you can engage in all these activities immediately. For each activity you actually plan to undertake, you need to obtain an operational license — the license under which you will operate. The operational license for your primary activity is already included in the cost of company registration, and the process of obtaining it takes 1 working day.
For some specific activities, according to the government, such as the sale of alcoholic or tobacco products or food production, additional licenses are required. This process is not instant and incurs additional costs. It will involve obtaining additional permits, certificates, facility inspections, etc.
For some specific activities, according to the government, such as the sale of alcoholic or tobacco products or food production, additional licenses are required. This process is not instant and incurs additional costs. It will involve obtaining additional permits, certificates, facility inspections, etc.
The founders of the company are appointed to the following positions: General Director and Commissioner.
General Director: Has the right to sign, manage the company, hire staff, and handle the company’s accounts.
Commissioner: Acts as a shareholder and observer with voting rights at shareholders' meetings.
If there are more than two founders (e.g., three), the positions can be distributed as follows: General Director, Commissioner, and Commissioner, OR General Director, Director, and Commissioner.
Roles and Restrictions
- General Director: Cannot work as an employee in the company but serves as the official representative. They must make key decisions (financing, investments, partnerships), manage staff (hiring, training, firing), ensure compliance with laws (including tax and environmental regulations), submit reports, manage risks, and communicate with stakeholders (such as shareholders, employees, customers, partners, and authorities). They must ensure transparency and openness in their actions and decisions.
- Commissioner: Cannot work in the company as an employee. They serve as an observer and shareholder with voting rights in shareholders' meetings.
- Indonesian Employees: The General Director can hire and manage Indonesian employees for various positions within the company.
- Foreign Specialists: Hiring an indispensable foreign specialist (e.g., an operational manager) is possible if the company employs at least five Indonesians.
In the first three years from the establishment of your company, you are entitled to use a reduced tax rate of 0.5% of the company's gross profit. You can switch to the standard taxation rate of 11% of net profit at any time.
After opening the company, you will need to sign a contract with a tax consultant or hire a local accountant who will handle the tax reporting. The cost of these services varies from 6,000,000 to 40,000,000 IDR per year, depending on your turnover.
After opening the company, you will need to sign a contract with a tax consultant or hire a local accountant who will handle the tax reporting. The cost of these services varies from 6,000,000 to 40,000,000 IDR per year, depending on your turnover.