Table tester

Fixed Header Table

This table will appear on devices more than 1025px wide

Indonesian corporate structures100% foreign owned LLCFast solutionFree Zone LLCRepresentative OfficeLLPLocal owned LLC
Summary
Best use of company?Trading products and services Fast business setupExport companyMarketing & research activitiesProfessional ServicesIndustries closed to foreigners
Also known as?PMAPT-PMA conversionKPB companyKPPACVPT
Legally tax exempt if properly structured?NoNoYes Yes Yes No
Corporate bank account location?SCB Indonesia DBS IndonesiaHSBC IndonesiaANZ IndonesiaCitibank IndonesiaANZ Indonesia
How soon can you legally invoice Clients'?3 months 6 weeks3 months Never 6 weeks6 weeks
You need a local Indonesian citizen as a sponsor?YesYesYesYesYesYes
Wholly foreign owned entity?YesNoYesYesNoNo
Must appoint an Indonesian resident as bank signatory? YesYesYesYesYesYes
Security deposit to be kept with Government?NoNoNoNoNoNo
Client must travel to Indonesia?NoNoNoNoNoNo
Can secure trade finance?YesYesYesNoNoYes
Limited liability entity?YesYesYesNoYesYes
Average total engagement costs?US$18,100US$60,200US$18,100US$19,250US$18,100US$39,350
Average total engagement period?4 months5 months4 months4 months2 months2 months
Accounting and tax considerations
Statutory corporation tax payable?25%25%25%0%0%25%
Must file an annual Indonesian tax return?YesYesYesNoNoYes
Must file annual financial statements?YesYesYesYesYesYes
Must appoint an auditor?YesYesYesNoYesNo
Access to double taxation treaties?YesYesYesNoYesYes
Indonesian withholding tax on dividends to parent company?20%20%20%0%0%20%
Legally tax exempt entity, if properly structured?NoNoYes Yes Yes No
Company registration
Indonesia resident director/manager required?YesYesYesYesYesYes
Minimum number of directors/managers?111111
Indonesia resident shareholders/partners required?Depends on business activityYesNoNoYesYes
Minimum number of shareholders/partners?222Parent company22
Minimum paid up share capital?US$200,000US$200,000US$200,0000US$1From US$3,745
Government foreign investor approval required?Yes (BKPM)Yes (BKPM)Yes (BKPM)NoNoNo
Shelf companies available?YesYesNoNoNoYes
Time to incorporate a new entity?3 months6 weeks3 months3 months6 weeks6 weeks
Can have preference shareholders?YesYesYesNoNoYes
Business considerations
Can invoice local customers in your company name?YesYesNoNoYesYes
Can hire local staff in your company name?YesYesYesYesYesYes
Can rent local office space in your company name?YesYesYesYesYesYes
Secures a residence visa for business owner?YesYesNoNoYesYes
Good entity for trademark registration?YesYesNoNoYesYes

Non Fixed Header Table

This table will appear on devices less than 1025px wide with a horizontal scroll

Indonesian corporate structures100% foreign owned LLCFast solutionFree Zone LLCRepresentative OfficeLLPLocal owned LLC
Summary
Best use of company?Trading products and services Fast business setupExport companyMarketing & research activitiesProfessional ServicesIndustries closed to foreigners
Also known as?PMAPT-PMA conversionKPB companyKPPACVPT
Legally tax exempt if properly structured?NoNoYes Yes Yes No
Corporate bank account location?SCB Indonesia DBS IndonesiaHSBC IndonesiaANZ IndonesiaCitibank IndonesiaANZ Indonesia
How soon can you legally invoice Clients'?3 months 6 weeks3 months Never 6 weeks6 weeks
You need a local Indonesian citizen as a sponsor?YesYesYesYesYesYes
Wholly foreign owned entity?YesNoYesYesNoNo
Must appoint an Indonesian resident as bank signatory? YesYesYesYesYesYes
Security deposit to be kept with Government?NoNoNoNoNoNo
Client must travel to Indonesia?NoNoNoNoNoNo
Can secure trade finance?YesYesYesNoNoYes
Limited liability entity?YesYesYesNoYesYes
Average total engagement costs?US$18,100US$60,200US$18,100US$19,250US$18,100US$39,350
Average total engagement period?4 months5 months4 months4 months2 months2 months
Accounting and tax considerations
Statutory corporation tax payable?25%25%25%0%0%25%
Must file an annual Indonesian tax return?YesYesYesNoNoYes
Must file annual financial statements?YesYesYesYesYesYes
Must appoint an auditor?YesYesYesNoYesNo
Access to double taxation treaties?YesYesYesNoYesYes
Indonesian withholding tax on dividends to parent company?20%20%20%0%0%20%
Legally tax exempt entity, if properly structured?NoNoYes Yes Yes No
Company registration
Indonesia resident director/manager required?YesYesYesYesYesYes
Minimum number of directors/managers?111111
Indonesia resident shareholders/partners required?Depends on business activityYesNoNoYesYes
Minimum number of shareholders/partners?222Parent company22
Minimum paid up share capital?US$200,000US$200,000US$200,0000US$1From US$3,745
Government foreign investor approval required?Yes (BKPM)Yes (BKPM)Yes (BKPM)NoNoNo
Shelf companies available?YesYesNoNoNoYes
Time to incorporate a new entity?3 months6 weeks3 months3 months6 weeks6 weeks
Can have preference shareholders?YesYesYesNoNoYes
Business considerations
Can invoice local customers in your company name?YesYesNoNoYesYes
Can hire local staff in your company name?YesYesYesYesYesYes
Can rent local office space in your company name?YesYesYesYesYesYes
Secures a residence visa for business owner?YesYesNoNoYesYes
Good entity for trademark registration?YesYesNoNoYesYes
ContactUs.com