13 Steps to Setup a PMA in Bali – Indonesia offers various promising business opportunities, one of which is the Bali area. Many foreign and local tourists visit Bali for vacation or work. This opens up opportunities for business people to open businesses owned by foreigners and managed by local people.

13 Steps to Setup a PMA in Bali

1. Understand PMA Requirements

A PMA is a foreign investment limited liability company in Indonesia, where foreigners can hold shares. Here are key points to consider:

Foreign ownership is allowed in many sectors, but some industries have restrictions.
Minimum capital requirements apply, which vary by industry and type of business.

2. Prepare Necessary Documentation

You’ll need the following documents:

Passport Copies: For all foreign shareholders.
Articles of Association: Drafted by a notary in Indonesia.
Investment Plan: A detailed business plan outlining your investment and operational plans.
Proof of Capital: Bank statements or other financial documents proving you have the necessary capital.

3. Engage a Local Notary and Legal Consultant

A local notary will help draft the Articles of Association, and a legal consultant can assist with navigating local laws and regulations.

4. Register with the Indonesian Investment Coordinating Board (BKPM)

Submit your application to the BKPM, including your business plan and required documentation. The BKPM will review and approve your application, granting you an Investment Registration (SPIP) if everything is in order.

5. Obtain Company Deed and Legal Entity Status

Once the BKPM approves your application:

A local notary will draft the company deed.
Register the deed with the Ministry of Law and Human Rights to obtain legal entity status.

6. Open a Bank Account

Open a bank account in Indonesia in the name of your PMA company. You’ll need this for capital injection and operational transactions.

7. Capital Injection

Transfer the required capital to your Indonesian bank account. Ensure compliance with minimum capital requirements.

8. Obtain Business Licenses and Permits

Depending on your business activities, you may need various licenses and permits, such as:

Business Identification Number (NIB)
Sector-specific licenses (e.g., tourism, retail, manufacturing)
Location permits

9. Register for Tax Identification Number (NPWP)

Register your company for a Tax Identification Number (NPWP) with the local tax office.

10. Employ Local and Foreign Staff

Comply with labor laws, including minimum wage regulations and employee benefits.
Obtain work permits (KITAS) for foreign staff through the Ministry of Manpower.

11. Comply with Reporting Requirements

Regularly report to the BKPM and other relevant authorities on your investment activities, financial status, and compliance with local regulations.

12. Office Setup

Find a suitable location for your office in Bali and set up your operations.

13. Maintain Compliance

Stay updated with Indonesian laws and regulations to ensure ongoing compliance. This includes tax filings, employee regulations, and any industry-specific requirements.

Additional Tips:

Local Partnerships: Consider forming strategic partnerships with local businesses to facilitate smoother operations.
Consult Professionals: Engage with local consultants, lawyers, and accountants to navigate the complexities of Indonesian business regulations.

If you need to set up PMA services in Indonesia. You can contact Indoservice.

Indoservice, a secretarial and licensing consulting firm company that can assist you in setting up a company in Indonesia. Trusted and experienced in Indonesia, committed to providing the best and fast service to meet your needs.

We and the team will assist you in the process of setting up a company and obtaining permits related to your company’s business in Indonesia. Call us now for more info at Telp. +62877-1449-8500 or email admin@indoservice.co.id.

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13 Steps to Setup a PMA in Bali

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