One of the challenges in establishing a company is completing the registration process, especially if it belongs to a foreign agency. There is no certain amount of time to finish the registration, and some countries may apply easier policies to accommodate foreign business so that the registration process can be completed quicker. Other countries may have stricter policies toward foreign agencies that are willing to run a business in their areas.
Indonesia as the largest country in South-east Asia has been opening their door for the foreign investor for quite some time. Therefore, the government policies toward the foreign investment have been adjusted to easily accommodate foreign companies to come and invest in the country.
If you are interested in establishing your company in Indonesia, here are the rough estimation of how much time you need to complete the registration process:
Obtaining Principal Permit from BPKM – 12 Days
The Principal permit is a must-have document that you need to register your company. This permit can be obtained through BPKM. Although at this time BPKM has provided online services to apply for the principal permit, during the practice this process can take a long time up to 12 working days. This delay happens due to the number of documents that need to be processed.
Establishing Company’s Deed – 14 Days
After acquiring the principal permit from BPKM, your company must establish its deed. The copy of your company’s deed will be finished in 7-14 days after signed and approved by the notary. It is important to note that before this process your company’s name must have had been approved by The Ministry of Law and Human Rights.
Getting Tax Number and Certificate of Domicile – 12 Days
Getting tax number is very important since the number will ensure your company’s legal status in the country. While you are waiting for the tax identification number to be given by the government, you can also apply for the certificate of domicile to the nearest provincial government office. All these steps can be completed in about 12 days. During the process an agent from the tax office will conduct the field survey to your company to validate the company’s data.
Getting the Certificate of Company Registration – 14 Days
The certificate of company registration (known as TDP) can be obtained through The Ministry of Commerce in 14 days (maximum). After obtaining the certificate, you have to wait for the publication of the state news in about three months. Completing this step means that your company has acquired legal protection to run your business in Indonesia.
Finally, considering the amount of time to complete foreign company registration in Indonesia, it might be easier to use the third party service such as www.company-registration.co.id to complete your registration process. By using our service, you do not have to bother doing the long-and-convoluted company registration process in Indonesia. Just sit back and run your business, we will take care of your company registration as quickly as possible.