Foreign investment in Indonesia has been steadily increasing in recent years, making it one of the most potential markets in Southeast Asia. If you're a foreign investor looking to set up a limited liability company or Perseroan Terbatas (“PT”), there are some essential documents that you need to know. In this article, we'll discuss the vital documents required for foreign investors to establish a limited liability company in Indonesia.
Deed of Establishment
The Deed of Establishment or Akta Pendirian (“AKTA”) is a legal document that establishes the existence of a PT. It includes information such as the company name, corporate structure, and business activities, address, purpose, and shareholder details. The Deed of Establishment serves as a guide for the members of the company on how the company should be managed as well as the rights and responsibilities that can be exercised by the management of the PT.
It is a document that contains the internal rules and management of the PT such as rules regarding capital, issuance of shares, voting rights, directors, acquisition of shares, General Meeting of Shareholders (GMS), and so on. This document must be notarized by a notary public and registered with the Ministry of Law and Human Rights (“MOLHR”). After the deed is registered, a letter of decree will be issued from the MOLHR.
Tax Identification Number
A Tax Identification Number or Nomor Pokok Wajib Pajak (“NPWP”) is a unique number issued by the Indonesian government to businesses for tax purposes. It is required for all companies operating in Indonesia. You can obtain the NPWP from the tax office after registering your company.
Business Registration Number
Business Registration Number or Nomor Induk Berusaha ("NIB") is proof of business registration to carry out business activities and as an identity for business actors in carrying out their business activities. The NIB is issued by the Ministry of Investment/ BKPM through their system called the OSS, which stands for Online Single Submission. In addition to being the identity of the business actor, NIB also serves as a Company Registration Certificate (“TDP”), Import Identification Number (“API”) and Customs Access if the business actor conducts trading activities such as export and/or import activities.
Location Permit
A Location Permit is a document that proves the company's address. It can be obtained from the OSS system. For some business operations, additional document such as the Office Domicile Letter or Surat Keterangan Domisili Gedung / Perusahaan (SKDG/ SKDP) is required. This document can be requested to the Building Management Office where the company's office is located.
Company Bank Account
A company bank account for every company transaction. This bank account can be created when all the company establishment documents have been completed. The documents required for opening a corporate bank account are: Company Establishment Deed, NPWP, KTP or KITAS of the Board of Directors and/or Commissioners, NIB, Location Permit and the balance required for the initial account opening.
Conclusion
For companies establishing their footprint in Indonesia, possessing certain essential documents is paramount. Without these, a company cannot be deemed fully established. Navigating the purpose of each document can be perplexing, especially for newcomers to the process.
That's where Legal Bee Consulting steps in. We offer services in company incorporation and in-house legal solutions, providing a cost-efficient avenue for expanding businesses. To learn more, contact us via WhatsApp at +62 859-3323-1567, email us at contact@lglbee.com, or simply fill out the form on our contact page.
Comentarios