As in other countries, there are quite a few pitfalls when buying land or starting your own company. Over the last few years, we received a lot of requests for help from clients and companies when facing problems. These are the questions that are most frequently asked. Is your question not in this FAQ? Don’t hesitate to contact us.
LKPM stands for Investment Activity Report. It is a report on the progress of investment realization and problems faced by business actors that must be prepared and submitted periodically.
Some process in the establishment company can be carried out by giving your power of attorney to one of our team whom handles the process of establishing your company. Our team is experienced enough in their field therefore the necessary matters will be prepared and informed to you.
a. Indonesian individual
b. Indonesia corporation/business entity
c. Foreigner individual
d. Foreign corporation/business entity
A PMA in Indonesia should have at least two shareholders. Those can be both individuals and corporate shareholders. Therefore, one person cannot own 100% of the shares, at least one other party owns 1% of the shares.
- What will be your business activity?
We need to know your business activities plan because it is related to the business activity classification in Indonesia. We call it the ISIC Code.
- Who will be the shareholders in the company?
In Indonesia, each company must have at least two shareholders. Those can be both individuals and corporate shareholders or a combination of them. It means also at least having 1 Director and 1 Commissioner. The duty of the director is to lead the company, meanwhile, the duty of the commissioner is the observer and give advice to the director. The information about this please find at: Company Registration in Indonesia
- Company Domicile
The Company Office needs a domicile address, either it will be separated from the Project Location or not. Need to be noted, the location of the Company can be different from the Project Location or it can be the same. What is meant by The Company office is your legal entity and the Project Location is for the business activity that will be held. May you do not have it yet, we can help you to find the domicile address but we need to make sure your business activity first.
- Proposed Company Name
Register the name of your company, you can provide more than one name, and each name minimum contains 3 words.
- Application form;
- Letter of guarantee from the Guarantor, except for Foreigners who are legally married to Indonesian citizens;
- A valid national passport along with its photocopy.
Another difference between KPPA and PT PMA can be seen through the capital for their establishment. For the establishment of KPPA, the minimum capital is not determined. As for the establishment of PT PMA, the total investment value is at least Rp. 10 billion excluding land and buildings.