Indonesia has been known as one of the potential countries for investing money or even establishing a company. A gradual economic growth, consumptive population, and plenty of resources in Indonesia may become some of the reasons why other countries put on their investment here. To own a successful company, there will be some procedure to invest in Indonesia.
The procedure of investment is divided based on the owner of the company as local and foreign. Generally, most of the steps are similar, but for foreigner investors, the process is a little bit longer. Besides, the government of whom they should ask for permission is different.
After fulfilling the procedures, the following steps are still needed to be done which is investment license phase. This stage also breaks down into several distinct categories as follows:
Foreign governments, citizens, enterprises, foreign investment firms, Indonesian citizens, overseas card holders are some of those who can apply for this investment before the legal entity settled. When a new company is about to start, the new investment registration is necessary. Besides, if people already had a business, but intend to add other fields, location, and expand the product of the business, they have to meet this registration.
Moreover, there are a lot of requirements that should be filled by the applicants. For instance, identity file, plan of action for service sectors and flowchart of the work for manufacturing. Additionally, deed of establishment, amendments, approvals, NPWP and more.
3 hours investment license
In processing investment license, the applicants do not need to wait longer anymore as there is a 3 hours service. Unfortunately, not all the company owners can access this. Some of the requirements which are eligible to utilize this service are those who own a company worth at least IDR 100 billion or employ around 1.000 workers, and for a company of energy and mineral resources sector.
To complete this step, the applicant needs to come directly to the office of BKPM and following the order from the officer. This process will be finished in short time if the investors bring all the documents needed such as the identity card and business flowchart.
The government of President Jokowi brings an innovation called Direct Construction Investment Service (KLIK) as one of BKPM’s services. This facility aims to some selected industrial parks to directly start the project without preceding permit. In consequence, other permits have to be submitted as the substitution such as of permit for the environment, building construction.
To get the benefit from this package, there is no minimum investment from the investors, but it is only available for the limited area which is located in 6 provinces. During the construction process, the permit which has been applied will be issued by BKPM.
In establishing a new company in Indonesia, either domestic or foreign company need to obey the procedures even though there will be some required documents, like investment license as a part of the procedure to invest in Indonesia. Still, the mentioned categories are not fully completed since there are more to be discussed. To finish the process without hesitation of being difficult, using a trusted service from www.company-registration.co.id is a better solution.