With the government’s persistent efforts to encourage foreign and domestic investment, numerous entrepreneurs are setting up companies in Indonesia. The nation’s regulations are now more business-friendly than before, making it easy to incorporate your company. If you want to set up a business here, you need to make yourself familiar will the legal procedures and also know the Indonesia company registration cost for different business structures,
Indonesia gives you a choice of starting a Local company, a Limited Liability Company (PT PMA), or a Representative Office. The most popular structure is PT PMA due to the many benefits it provides, like enabling you to commence business operations quickly, appoint foreign personnel, or get sponsored business visas for foreign clients or visitors.
Selecting a company name for your business
For establishing your PT PMA company in Indonesia, one of the first steps you need to take is to choose a suitable company name for your business and get its approval.
You must consider the following stipulations while selecting a name:
- The name needs to be in Roman letters.
- It should not be similar to that of a name used lawfully by another company.
- It should not consist of numbers or letters or a series of numbers or letters that do not form a word.
- It needs to have at least three words.
- It should not be against public order or morality.
- The name should not be similar to those of government, state, or international organisations. The only exceptions are the names these bodies permit.
A PMA can use an English word for their firm’s name. A company’s official name serves legal purposes, and you can register a second name resembling your brand or business if needed.
Acquiring a Business Identification Number – NIB
Another important step while setting up your company is registering for NIB. The NIB is multifunctional, serving as your Customs Identification Number, Import License, and Business Registry Number. The NIB registers your business automatically under the Health and Social Security System.
With the adoption of international accounting standards and enhancements in the tax aspects, Indonesia presents a wonderful foreign investment opportunity. 3E Accounting Indonesia is a leading firm that provides customized solutions for investors to establish their businesses. We have a reputation for being the best providers of company incorporation services Indonesia. Our qualified and experienced team enables you to achieve your business objectives quickly and efficiently.