In recent years, Indonesia has emerged as a promising destination for foreign investment. According to the Ministry of Investment/Investment Coordinating Board (BKPM), the third quarter of 2022 saw a record-breaking IDR168.9 trillion in foreign investment, marking a 63.6% increase compared to the same period last year.
Top Countries Investing in Indonesia
Countries with the most investment in Indonesia according to BKPM’s report in July 2022 are as follows:
1. Singapore
2. China
3. Hong Kong
4. Japan
5. United States
Why Choose Indonesia for Investment?
Indonesia is the 4th most populous country in the world. Furthermore, political and economic stability in Indonesia was also very good during the covid pandemic. You may be able to see how the international media has praised the handling of Covid in Indonesia, both in terms of health protocols and economic policies. So, the potential consumers that you will get in Indonesia are very large and you don't need to worry about any stability in Indonesia.
How to invest in Indonesia?
If you're considering investing in Indonesia, here's a step-by-step guide to get you started:
Identify Your Business Activity: Each business activity in Indonesia has a specific classification code known as "KBLI". The KBLI determines the licensing obligations for your business.
Set Up a Foreign Investment Company (PT PMA): To conduct business in Indonesia, you'll need to set up a PT PMA. Note that a minimum paid-up capital of IDR10 billion is required.
Register for a Tax Identification Number (NPWP): After setting up your PT PMA, you'll need to register for an NPWP. This is crucial for obtaining the necessary licenses for your company.
Fulfill Reporting Obligations: Once your PT PMA is established and all required licenses are obtained, you'll have certain reporting obligations, including monthly/annual tax reporting and quarterly investment reporting.
Ready to Invest in Indonesia?
If you are interested in incorporating your own company in Indonesia, you need to be careful in choosing the consultant which provides the company incorporation services. Consultant prices here in Indonesia vary widely from millions to hundreds of millions of Rupiah. Nevertheless, we can assist you incorporating your PT PMA in less than 2 weeks at a very affordable cost! Our team consists of a licensed corporate lawyer in Indonesia and will give you a free advice for you to incorporate your PT PMA!
You can easily reach us on:
Email: contact@lglbee.com
WhatsApp: +62 859-3323-1567
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