Requirements and Procedures to Invest in Indonesia

Indonesia is such a promising country where the development of the business attracts many foreign investors. The significant economic growth is one of the considerations when many investors make up their mind to invest in Indonesia. If you are interested in investing in Indonesia, you need to know how to invest in Indonesia, i.e., requirements and the procedures.

Requirements Needed to Invest in Indonesia

If you decide to go further and take the chance to invest in Indonesia, you should know and prepare the requirements on how to invest in Indonesia legally. As it is regulated in Law No. 25 of 2007 regarding investment and its implementing regulations (the Investment Law), you need to provide the requirements. Here are the following requirements.

1. The approval of a foreign workers recruitment plan
2. Foreign worker recruitment permits
3. Periodic investor activity reports
4. Principal license
5. Investment licenses – fiscal and non-fiscal allowances
6. Producer importer identification number
7. Facility for import duty exemption on machinery
8. Facility for the corporate income tax
9. Regional license: A general license to conduct business
10. Operation permit
11. Business license

Procedures to Invest in Indonesia

With the following documents prepared, it will be one step ahead for you to figure out the procedure on how to invest in Indonesia. You can browse the website the Investment Coordinating Board of the Republic of Indonesia, or it is known as BKPM (Badan Koordinasi Penananman Modal) in Indonesian language and follows the procedures to invest in Indonesia. There are two alternative procedures of how to invest in Indonesia.

Procedure 1

1. You need to submit the principle license to BKPM.
2. You need to apply for the request of the name of the company or PT (Perseroan Terbatas) in the Indonesian language to the Ministry of Law and Human Rights of the Republic of Indonesia.
3. You need to obtain the deed of the establishment of the company and article of association.
4. Later, you need to obtain the certificate of domicile of a company.
5. You need to have the tax identification number to invest in Indonesia.
6. After obtaining all the documents, you need to have the approval of the legalization of the article of the association by the Ministry of Law and Human Rights of the Republic of Indonesia.

Procedure 2

1. You need to apply for the request for the name of your company or PT that you are going to invest in Indonesia.
2. You need to obtain the deed of the establishment of the company and article of association.
3. You also need to have the certificate of the domicile where your company will operate.
4. You also need to enclose the tax identification number.
5. After obtaining all the documents, you can submit all the documents and the principle license required to BKPM.
6. After that, you will get the legalization of the article of association by the Ministry of Law and Human Rights of the Republic of Indonesia.

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