If you have a plan to start a business in Bali – Indonesia, a visa agency can help you to setup your business, in compliance with national and local laws. Within the shortest possible time time you can already start your business and work legally with a PMA Bali.
PMA = Perseroan Terbatas Penanaman Modal Asing (Foreign Direct Investment Company)
What is PT Foreign Direct Investment Company (PT PMA)?
PT PMA (Perseroan Terbatas Penanaman Modal Asing or FOREIGN DIRECT INVESTMENT COMPANY ) is a limited liability company established under Indonesian law. Regarding foreign investment itself, the Investment Law defines it as an investment activity to do business in the territory of the Republic of Indonesia which is carried out by foreign investors, both those who use foreign capital fully and those who are associated with domestic investors.
Although both belong to the category of limited liability companies, PT PMA has a difference with PT in general. In PT PMA, both Foreign Citizens and Foreign Legal Entities can establish PT PMA in Indonesia. However, in some aspects of the business being carried out, PT PMA still needs Indonesian citizens and Indonesian legal entities to run their businesses. For example, provisions regarding the limit of foreign share ownership in the Negative Investment List (DNI) and regarding the position of personnel director who are prohibited from being occupied by foreign workers as stipulated in the Presidential Regulation of the Republic of Indonesia Number 20 of 2018.
PT PMA can be established with a minimum 2 (two) or more Foreign Individuals, Foreign Entities, Indonesian Citizens, and Indonesian Legal Entities are allowed to hold shares in PT PMA. PT PMA is the only allowed form of foreign direct investment in Indonesia by foreign investors.For shareholdersthe PT PMA is at least two shareholders are required (Director and Commissioner) for the establishment of a PT PMA. At least one of the shareholders needs to be a foreign individual (or foreign legal entity). The Director needs to reside in Indonesia to take care of all daily activities. The foreigner who works and resides in Indonesia is required to obtain a tax number (NPWP) and a work permit (KITAS).
Authorized Capital for PT. PMA is more than IDR. 15.000.000.000,00 (fifteen billion rupiah) This investment amount excludes investments in land and buildings
The Paid-Up Capital for PT. PMA is more than IDR. 15.000.000.000,00 (fifteen billion rupiah) This investment amount excludes investments in land and buildings
The Basic Package of PMA Company Established
The Basic Package to set up the PT. PMA company is perfect for you if you want to start the initial stage of preparation to start up a company and be visible in Indonesia, as you do not require YET to process all necessary licences to be able to sponsor your investor KITAS. This stage is called the Construction Stage.
In order to establish PT PMA:
Once you have decided which line of business you will register. On your behalf, an agency will begin by processing all necessary documents required to start a company. This package will be enough to allow you to apply and begin the application for an Investor KITAS so that you will have the appropriate residence permit and may begin to prepare your office space and staff recruitment immediately. Because to be able to start sponsoring investors, you will need a Business Registration Number (NIB).
Please also note the requirements to obtain an Investor KITAS such as :
Once you are ready to process all necessary licenses to complete the process of the PMA Company Licenses, contact the agency to complete all remaining processes for you. For this process, they will direct you to the next process package to complete the permits required by BKPM depending on the business field that you will register.
It usually takes 45 working days excluding Saturday, Sunday and public holiday for an existing business to obtain a NIB and a Trading License through the government’s new Online Submission System (OSS).
Below the requirement to set up PT PMA Company as follows:
FROM INDONESIAN: (if any)
Steps which an agency will complete on your behalf:
Once the process is completed, you will get:
Open Company Bank Account:
After the basic package is complete, then by bringing the company documents above you are able to open a bank account under the company’s name, after opening a bank account paid-up the capital of the investment should be deposited to your company bank account, proof of deposit and colour scan of the bank account will be sent to a notary.
Needed documents for starting the process of applying for your Investor KITAS:
PMA Formation and IMB or HGB:
If your business requires to own, rent or exploit land or buildings an agent will guide you through this process and arrange the necessary permits and registrations.
The cost of the PMA Bali process will depend on the main business and the way it is set-up, and of course the location of the company.
Do you want to receive more information about this visa? Please use the contact form below and we will forward this to a visa agency. They will contact you and update with more details.