FAQ
Can foreigners own 100% of the company's shares in Indonesia?

It can, depending on the planned business sector, there are several business fields that are open 100% to foreigners and also some are require partners with Indonesians.

How many people are needed to setup a company?

It can, depending on the planned business sector, there are several business fields that are open 100% to foreigners and also some are require partners with Indonesians.

Does the company have to show profits when it's only been a few years operational?

Not necessarily, it is normal if the company has not benefited at the start of operations, the most important is transparent books and reports to the tax office.

What is the benefit of a bussiness exploration visa versus a sponsored Sosial Budaya?

Being sponsored on a social visa is good if you are not planning to explore business opportunities. However, if planning to be involved in business exploration or learning from the business then you need to be on a business visa.

A Multiple Entry Business Visa which is valid for 1 year, but you have to leave the country every 60 days. You can be sponsored by the local business you are partnering with or by Peak Solutions. You never have to report or extend with immigration.

Do we need to provide financial reports to the government every year?

The financial statements are reported to the tax office when reporting the company’s annual tax.

Can the company develop business in other places throughout Indonesia?

It is very possible; the company can open as many branches as possible throughout Indonesia according to business development.

What about PT PMA's taxation rules? Are there differences with Local PT?

The tax rules are the same for Local PT or PT PMA.

What is the residence permit options for investors who set up businesses in Indonesia?

A shareholder who does not work as a company administrator, cannot obtain a residence permit in Indonesia. Shareholders who also work as company management, can get a limited stay permit (KITAS) of two years. For skilled workers who are not shareholders, can get a one-year limited stay permit (KITAS) and are required to pay a foreign worker tax of $ 1,200 per year.

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