Indonesia – Procedures
Procedure of Incorporation
The most popular type of Indonesian Company is a Limited Liability Company. The procedure for Incorporation is as follows:
- Provide scanned copy of a passport for directors and shareholders;
- Provide scanned copy of proof of residence. This can be in the form of a utility bill, bank statement or bank reference and must not be older than 6 months;
- Complete Eltoma’s Company Incorporation Application form;
- Complete Etloma’s Declaration of Beneficial Owners form;
- Eltoma will review the above and then provide a client summary that must be confirmed by signature of the client and Eltoma for agreed service to be provided;
- At this point Eltoma will issue an invoice for an Indonesian Company Formation;
- Upon receipt of money in our bank account we will start the formation process by submitting a preferred name for approval of Indonesian Registrar of Companies. This takes up to 5 working days;
- Once the Indonesian Company name is approved, a shareholder of a Indonesian Company signs a power of attorney and sends the originals to Eltoma by courier.
Upon receipt of the signed power of attorney, we start the Indonesian Company Incorporation process. It takes up to 2 months for an Indonesian Company Formation.
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