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Services
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Fees (USD)
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Selecting a licence and conducting a Risk Assessment
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590
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Total cost of incorporation of a company with low-risk activities (including preparation and provision of original constitutive documents of the company, not including compliance fee)
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4 800
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Virtual office rent (per year)
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from 2 500
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Assistance with corporate bank account opening
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2 500
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Total:
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from 10 390
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Incorporation of an Indonesian company limited by shares (PT PMA) includes the following steps:
1) It is necessary to select:
2) Payment of fees for selecting a licence and conducting a Risk Assessment
3) Payment for company incorporation
4) It is necessary to provide documents for the directors / shareholders / commissioners. The list of documents includes:
5) Preparing a package of documents for company incorporation, having the documents signed by the directors and members.
6) Filing documents with the registration authority.
The documents delivered to the client upon Indonesian company incorporation include:
According to article 66 of the Companies Law, Indonesian companies are required to prepare and submit financial statements. This is a statutory requirement irrespective of whether the company conducted any business or not. If the company remained dormant, the company’s accountants must prepare and submit dormant accounts.
The company must submit returns to the tax authorities within one year of the financial year-end.
The requirement to obtain an auditor’s report arises when one of the following conditions is met:
In addition to annual financial statements, all Indonesian companies are required to submit a monthly tax return showing the company’s profits for the previous month and the calculation of income taxes for its employees.
The corporate income tax rate is 0.5% until the turnover exceeds IDR 4 800 000 000 (USD 320 000).
From then on, the standard corporate tax rate of 25% applies. Resident corporate taxpayers with gross revenue up to IDR 50 billion (USD 3 280 000) receive a 50% reduction in the corporate tax rate imposed on the taxable income for the gross revenue up to IDR 4.8 billion (USD 320 000).
Account should be taken of VAT matters as well. In Indonesia, VAT registration is not mandatory until the sales turnover within the country exceeds the registration threshold, which is IDR 4 800 000 000 (USD 320 000).
The general VAT rate is 11%.
Upon VAT registration and allocation of the taxpayer registration number, an Indonesian company must prepare and submit a quarterly VAT return and pay the resulting VAT within 40 days of the end of the VAT period.
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Services
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Fees (USD)
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Company Incorporation and Administration
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Selecting a licence and conducting a Risk Assessment
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590
|
|
Total cost of incorporation of a company with low-risk activities (including preparation and provision of original constitutive documents of the company, not including compliance fee)
|
4 800
|
|
Virtual office rent (per year)
|
from 2 500
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Assistance with corporate bank account opening
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2 500
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Annual administration (starting from the second year), including renewed rent of registered office, not including compliance fee
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3 500
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Change of company name (including preparation of documents)
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1 250
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Amendment of the Deed of Establishment
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1 400
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Preparing documents to change director / shareholder, not including compliance fee
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800
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Courier delivery of documents from Indonesia
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250
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder), - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
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Preparing and submitting dormant accounts
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2 400
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Preparing and submitting non-dormant accounts
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100 – 350 / hour (depending on time spent)
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[1] A personal visit to the bank by the director/shareholder is required.
[2] The registration time frame depends on the proposed activity.
[3] The registration authority may reject any name that it considers inappropriate or that coincides with or is similar to the names of existing Indonesian companies.
[4] The fees are valid as of November 2023.