Requirements for Company Formation

No. 1 2 3 4 5 6 7 8 9 10 11 12 13 The Requirements Original Application Form for Investment Registration Original of Power of Attorney to BKPM Legalize in Notary for original of power of Attorney to BKPM Original of Power of Attorney to sign the deed Legalize in Notary for original of power of Attorney to sign the deed , if the authorized is foreigner Original of Letter of Statement for Paid up Capital Copy of ID CARD of Director, Commisioner & Shareholder(s) for local individual Copy Private NPWP (Tax ID Number ) for the Director Copy of Full Passport of Director, Commisioner Copy of Full Passport of Shareholder(s) Copy of KITAS for Director, Commissioner, Shareholder(s) for foreigner Copy of agreement for rental place in Kelapa Gading if the company rent the place Photo Director 3x4 = 4 sheets (coloured) for SIUP Foreign Capital Investment (PMA) YES YES YES YES YES YES YES YES YES YES YES YES NO Local Company NO NO NO YES YES YES YES YES YES NO YES YES YES

Differences of establishment PT. PMA with PT. LOKAL for Trading Sector
Remarks No. 1 Preparing at least 3(three) names for the new company 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Type of Company Name Decide for minimum 2(two) shareholders, it can be an individual or a company Shareholder(s) Foreign Shareholder Foreign Director Foreign Commissioner Minimum paid-in capital & share for Trading Approval Letter of foreign direct investment from BKPM Power of Attorney to BKPM Power of Attorney to sign deed of establishment Letter of Statement for paid up capital Article of Deed of Establishment of PT-PMA by the Notary Legalize of copy of deed of establishment Letter of company domicile NPWP (Tax Registration Number) Ratification of Legal Entity by the Minister of Law & Human Rights of the Republic of Indonesia Permanent Business Trading License (SIUP) Company Registration Number (TDP) SP-PKP (Value added tax registration code) Permanent Business License (IUT/IU) General/Public Importer Identity Number (API-U) Facilities a. Exemption of import duty machinery, goods, & materials b. Exemption of Value Added Tax (PPN) c. Relief facilities for income tax (PPh) Foreign Capital Investment (PMA) YES it is possible to use english word for example: PT. ROBATECH INDONESIA YES foreign 100% or ( foreign 95% & local min. 5%) YES (must have KITAS), new rules from Tax Department YES (must have KITAS) YES (must have KITAS) USD 300,000 according to BKPM ( Rp. 3.000.000.000 ) It is possible for foreign max 100% foreign 95% and local 5% YES YES YES YES YES YES YES YES YES NO YES YES YES YES, if the company conducting import business YES YES YES Local Company YES it is not allowed to use english word YES 100% local/indonesian shareholder(s) NO YES (must have KITAS) YES (must have KITAS) small scale is more than Rp. 50.000.000 - Rp. 500.000.000 medium scale is more than Rp. 500.000.000 - Rp. 10.000.000.000 big scale is more than Rp. 10.000.000.000 - unlimited NO NO YES YES YES YES YES YES YES YES YES YES NO YES, if the company conducting import business NO NO NO

or

TIME OF PROCESS (working days) & Fee

No. 1 2 3 4 5 6 7 8 9 10 11 12 Remarks Free Consultation Review and preparation of Model I/PMA application Verification and registration of company name Submission & monitoring of Model I/PMA application Approval Letter of foreign direct investment from BKPM Draft of Deed of Establishment of PT-PMA by the Notary Article of Deed of Establishment of PT-PMA by the Notary Letter of company domicile NPWP (Tax Registration Number) Ratification of Legal Entity by the Minister of Law & Human Rights of the Republic of Indonesia Permanent Business Trading License (SIUP) Company Registration Number (TDP) Foreign Capital Investment (PMA) 2 2 5 10 1 2 7 2 21 0 14 66 working days (excluding Saturday & Sunday) A. Company Formation one package Local Company 0 2 0 0 1 2 7 2 21 10 10 55 working days (excluding Saturday & Sunday) small scale is Rp. 10.000.000 medium scale is Rp. 12.000.000 big scale is Rp. 16.000.000 10 working days (excluding Saturday & Sunday) Rp. 1.500.000 NO NO 14 Working days (excluding Saturday & Sunday) Rp. 15.000.000

T.O.T.A.L

Rp. 35.000.000

B.

SP-PKP "Taxable Enterprise Confirmation (letter)" Fee Permanent Business License (IUT) from BKPM Fee General Importer Identity Number (API-U) Fee

10 working days (excluding Saturday & Sunday) Rp. 2.000.000 14 working days (excluding Saturday & Sunday) Rp. 15.500.000 14 working days (excluding Saturday & Sunday) Rp. 17.500.000

C.

D.