When you start a business in Indonesia there are three company establishment options available in Indonesia. A local PT is a good choice for foreign investors whose scope of business is limited by law Perpres No. 49/2021 and requires a much lower initial paid-up capital than a PT PMA.

Find Out About PT Local

PT local are companies that are 100% owned by Indonesian individuals or business entities. The PT local option is easy to license and can carry out business activities that are closed to foreign investment, making foreigners choose PT local to penetrate the market quickly and easily.

In addition, the establishment of a local PT requires a much lower initial paid-up capital than a PT PMA:
Micro company: less than IDR 50 million
Small companies: IDR 50 million – 500 million
Medium-sized companies: IDR 500 million – 10 billion
Large company: more than IDR 10 billion
Foreigners can enjoy lower initial capital with local PT Establishment

In law No. 40/2007 explains that the minimum requirements for a PT local structure consist of a minimum of two (2) shareholders, either persons or companies, 1 (one) Chairman/Commissioner, and 1 (one) Director (the executive officer). The director should be most involved in the company’s day-to-day operations within Indonesia.

If you want to be on the board of directors, a local PT can sponsor you by setting up a medium or large local company. Medium and large companies can hire foreign workers by applying for a business visa or work permit. A Nominee Agreement arrangement means that the local Indonesian partner will become a shareholder of the local PT company on behalf of the foreigner.

Registration PT Local with Accura Indonesia

Accura Indonesia will help you to set up for PT. Local. For your reference, we provide PT. Local formation Planning Assistance is as follows:

• Business Scope: Our team researches, reviews, and prepares all necessary documents to comply with BKPM regulations.
• Company Incorporation: Reservation of Name of the Local Company, Preparing and Execution of DOE (Deed of Establishment) of Local Company, The issuance of the Approval Letter from Ministerial of Law and Human Rights (Gazette/SK) for the Establishment of Local Company.
• Obtaining Taxpayer Number (NPWP) and Taxpayer Certificate (SKT) for the Local Company.
• Obtaining the Business Identification Number (Nomor Induk Berusaha) or NIB
• Obtaining the Domicile License (PKKPR)
• Obtaining the Business License (Izin Usaha)
• Opening Bank Account Assistance
• Advice: Add Nomimee Agreement, BPO (Business Processing Outsourcing) services, Investment Activity Report (LKPM) Report.

How To Set Up The PT Local

To provide complete business consultation, Accura Indonesia will help you in setting up PT. PMA Document. You can consult with our expert to get the tailored services you need. Here are the steps that you need to understand in preparing the required documents for Set Up PT. PMA in Indonesia.