Indonesia – Key Benefits
- Most lines of businesses are open for foreigners.
- Foreigners can hold up to 100% shares in many lines of businesses.
- There is no requirement for a local director or shareholder, which means all directors can be foreigners
- There is no requirement for a company secretary
- Private company with turnover of less than USD 5 million is exempt from audit
- Equal treatment for domestic and foreign investors.
- Indonesia company formation permits entrepreneurs access to a network of double taxation treaties with countries including Australia, France, Germany, Singapore, South Africa, the US and the UK.
- The Indonesian economy is ranked as the 46th-most competitive economy in the world, according to the World Economic Forum’s Global
- An Indonesian company can be 100% foreign-owned and controlled.
- An Indonesia Representative Office can also be 100% foreign-owned and controlled, but is not permitted to make direct sales in Indonesia.
- Mandatory divestment is no longer applicable and the business license obtained will remain valid as long as the company continues in operations.
- Establishing a company in Indonesia is a highly bureaucratic process, but nonetheless a process that has become relatively easier over the past few years. The first step in this rather complex process is the obtaining of an Investment Approval from the Investment Coordination Board. This approval process is nowadays relatively quick, and can be completed in as little as 14 days in some investment board offices.
Please visit the following links to learn more about the service that we can provide in Indonesia: