Company registration in Indonesia

Registration fee is from 9900 €

Registration period — 4-5 weeks

Minimum authorized capital - 10 billion Indonesian rupiah

Remote opening — yes

Financial statements — yes

Indonesia is the largest island nation in Southeast Asia. A member of the Group of 20 (G20), it is one of the fastest growing economies in the region, with a population of over 270 million people and a strategic position between the Indian and Pacific Oceans. The country is actively developing the digital economy, infrastructure, and export-import relations, and is also a key player in the Association of Southeast Asian Nations.

Maira Consult recommends using a company registered in Indonesia to conduct international trade, enter the Southeast Asian market, develop IT and crypto projects, and invest in the region's growing economy. Registration of a company in Bali provides legal status and the ability to remotely manage the business.

Peculiarities of company registration in Indonesia

Foreign investors open PT PMA - a company with foreign capital.
The minimum authorized capital is IDR 10 billion (about USD 650,000). In practice, it can be contributed in installments, but it is important to declare it during registration.
The owners of PT PMA are entitled to obtain Investor ITAS (formerly KITAS), a long-term residence permit that allows them to officially live and run a business in Indonesia. Company registration in Indonesia guarantees legal status for foreign shareholders. The exceptions are media, transportation, and mining, where restrictions remain in place.
Companies are required to keep full accounting records, prepare annual tax reports, and undergo an audit - even if the business operates with minimal activity.
It is possible to open a corporate crypto account, which is especially relevant for companies working with digital assets or international payments. Company registration in Bali allows foreigners to manage a business without a permanent presence. Company registration in Bali allows foreigners to manage a business without a permanent presence.

Maira Consult accompanies clients at all stages: from registering a PT PMA in Bali and opening a corporate account to obtaining an investor visa. Start a business in Indonesia with professional support!

Indonesia advantages

Access to the international market and the largest e-commerce in SEA

Opening a corporate crypto account

100% foreign ownership through PT PMA

Attractive cost of doing business and administration compared to the EU and Singapore

Possibility of remote registration

Registration Features

The most popular form for foreigners is a company with foreign capital, PT PMA. It gives 100% foreign ownership and the right to obtain a work or investor ITAS for residence in the country. Registering a company in Bali provides a legal start of business and the possibility of obtaining an ITAS. The company must have at least one commissioner. His role is to oversee the activities of the director and the overall strategy of the company. The commissioner is not involved in day-to-day operations, but reports to the shareholders. A foreigner is allowed. Important: the same individual cannot be both a director and a commissioner in the same company.

Company Name

The name must be unique and registered with the Ministry of Justice in Indonesia. It is allowed to use a foreign language (English). It is also worth considering that company registration in Indonesia is always checked for the uniqueness of the name.

Authorized Capital

The recommended authorized capital for PT PMA is 10 billion Indonesian rupiahs (~$650 thousand). In fact, the contribution can be made in installments and fixed terms.

Director

The company must have at least one director. A foreigner is allowed (if ITAS is available), but a local director is often appointed to simplify work with government agencies. The director of a company in Bali is responsible for the operational management and daily operations of the company. Business registration in Bali opens up opportunities for foreign management and legal residence.

Shareholders

Minimum 2 founders - both individuals and legal entities are allowed. The share of foreigners can be up to 100% in most business areas. That is why business registration in Indonesia is beneficial for international investors.

Financial Reporting

PT PMA companies are required to submit annual financial statements, profit/loss statements and undergo an audit if their turnover exceeds the legal limits. Accounting and tax reporting are conducted in accordance with local standards. An audit is required when the established taxes on assets, revenue, and number of employees (if applicable) are reached.

Taxation

The standard corporate tax rate is 22%. VAT IS 11%. There are tax privileges and exemptions for certain areas (exports, green energy, IT).

Confidentiality

The company register is open. Information on directors and shareholders is available to government agencies, but not freely available.

Stages of company registration

01 Choosing the name and form of the company

The company name in Bali must be unique and comply with the requirements of the Ministry of Law and Human Rights. At the same time, the main activity of the Indonesian Classifier (KBLI) is determined to obtain preliminary approval from the Board of Investment (BKPM). At this stage, the company registration in Bali actually begins.

02 Preparation and collection of documents

Each participant of the company in Bali (shareholder, director, commissioner) provides foreign documents (passport, selfie, TIN, etc.). Participants also fill out a questionnaire. A more detailed list is sent in a separate file. Registration of a company in Bali can be carried out remotely through a power of attorney.

03 Identification of company participants

The founders (or their authorized representatives) sign a declaration to be submitted by a local notary to the Ministry of Justice to obtain legal status.

04 Formation of the share capital (if necessary)

The founding documents fix the declared amount of capital. Formally, there is no strict deadline for full payment - it is important to correctly document the amount and source of funds.

05 Company registration

As soon as the company is registered in Indonesia, documents for obtaining NIB, NPWP and permits are submitted. The NIB (Business Identification Number) is required for opening an account and tax registration, as well as registration with the tax office (NPWP). This completes the key stage, which is defined as company registration in Indonesia.

06 Receiving of corporate documents

After the company is registered in Indonesia, you will receive copies of the constituent documents in electronic form.

07 Legalization of documents (if necessary)

If necessary, the documents can be legalized (apostille/consular legalization).

08 Delivery of corporate documents

After successful company registration in Bali, the documents are sent to the customer.

Answers to the Most Common Questions:

Is it possible to open a company in Bali remotely?

Yes. In most cases, you can apply for PT PMA remotely. It is important to understand that a number of steps require interaction with Indonesian authorities (notary, bank, etc.). In this case, all issues are resolved by issuing a power of attorney to a local representative of the company.

Is it possible to own a company in Indonesia without a local director?

A foreigner can be a director of a company if they have an Investor ITAS. Again, in some cases, for the convenience of interacting with local authorities, it is easier to appoint a local representative for such a company when registering a company in Bali.

What powers does a local director have and how can they be limited?

The powers of the director of a company in Bali are determined by the charter and legislation: the director manages the day-to-day activities of the company, signs contracts, and disposes of assets within the framework of the approved business plan. He acts in the interests of the company, but is not authorized to make financial decisions or manage bank accounts on his own. Restrictions can usually be formalized through an internal agreement and a bank mandate.

In what currency can payments be made?

The official currency of payment within the country is the Indonesian rupiah (IDR). At the same time, international contracts and export/import transactions are usually concluded in USD or another currency. Banks and the regulator allow foreign exchange transactions subject to the rules.

Is it possible to use a company in Indonesia as a payment agent or to work with marketplaces?

Yes, but it is important to understand the difference in status: - Ordinary trading activities. If a company simply sells goods and services through marketplaces, this is a standard commercial operation, and no license is required. - Agent. The company can act as an intermediary: accept money from the client and immediately transfer it to the seller. This format is possible, but only within the framework of an agency agreement up to a certain volume. - PSP (Payment Service Provider). If a business plans not only to transfer but also to store and manage funds, aggregate payments, or work on an escrow model, a payment service provider (PJP) license is required. It includes minimum capital, risk management, internal KYC/AML policies, and information security requirements.

What happens if you do not conduct business in Bali and do not submit reports?

Even an "inactive" PT PMA must submit minimum reports and tax returns - complete disregard can create serious legal and financial risks.

How does a crypto exchange work in Indonesia?

Since January 2025, the market has been regulated by OJK (formerly BAPPEBTI). Cryptocurrency remains a commodity for trading and investment, but not a means of payment. However, the regulator does not prohibit opening a cryptocurrency account for companies (including foreign ones) to carry out purchase and sale transactions. Important: the commercial activity of an exchanger is regulated by law and cannot be carried out without a license.

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