To
be able to invest their money in Indonesia, first of all, investors should
register themselves and establish a legal entity that will run the investment
activities. There are 2 type of investment
1) Domestic Investment
2) Foreign Investment
Although there is no difference in providing facilities to Domestic
Investment (PMDN-Penanaman Modal Dalam Negeri) and Foreign Investment
(PMA-Penanaman Modal Asing), the registration procedures for Domestic
Investment are different from those for Foreign Investment.
A. Foreign Investment Registration
1.
Foreign Investment (PMA)
Foreign Capital Enterprise wishes
to invest in Indonesia must be of a legal entity and operates as a limited
liability company (PT) organized under the Indonesian Law. Foreign Investors
are required to apply and register at the Capital Investment Coordinating Board
(BKPM) or at the Free Trade Zone and Free Port Administration Board (Badan
Pengusahaan Kawasan Perdagangan Bebas dan Pelabuhan Bebas) in either Batam,
Bintan, Karimun or Sabang. The application may be submitted before or after the
limited liability company license is obtained.
Investment Registration
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Relevant Regulation
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Procedure
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Registration is conducted at
the Capital Investment Coordinating Board (BKPM) or the Free Trade Zone and
Free Port Administration Board, commensurate with its applicable regulation
and authority. Walk in registration may also performed by showing the
required documents.
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• Law No. 25 - 2007
• Presidential Decree No. 36-
2010
• Presidential Decree No.
27-2009
• Head of BKPM Decree No.
12-2009
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Requirement
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1.
Foreign investor is required to have a letter of recommendation
officially issued by country of origin or its Embassy in Indonesia:
2.
Individual Foreign citizen must present a copy of valid
passport;
3.
Foreign enterprise is required to provide a copy of enterprise's
articles of association in English or Bahasa Indonesia translated version by
sworn translators, when applicant is of foreign origin.
4.
Individual Indonesian citizen must show a copy of valid
Indonesian Resident's ID Card (KTP);
5.
Foreign investors are required to provide a copy of enterprise's
memorandum of association and its amendments approved by the Ministry of Law
and Human Rights must be shown when a foreign applicant operates a limited
liability company based on the Law of Republic of Indonesia;
6.
Indonesian individuals or enterprise operates a limited
liability company based on the Law of Indonesia must possess a valid
Indonesian taxpayer's ID number (NPWP);
7.
Application forms must be filled up correctly, stamped and
signed by applicants (if the enterprise has not been registered) or by member
of the board of directors (if the company has been registered). Legally
stamped application signed by board of director and an authorization
letter/power of attorney in case the enterprise is unable to apply directly.
Requirement of power of attorney is set up in Article 63 of the regulation.
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Time
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One day
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Fee
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