Foreigners can register joint ventures or foreign companies in Indonesia. The joint venture company, that is, Indonesians hold 51% of the shares; foreign companies, that is, foreigners hold 51% to 100% of the shares.

According to Indonesian law, the minimum capital requirement for a foreign company is 10,000,000,000 rupiah, of which 25% must be deposited as paid-in capital, which is 2,500,000,000 rupiah or equal to 185,000 to 190,000, depending on the exchange rate.

After registering the company, the documents that customers can obtain from Queen’s Law Firm include: Business License (SIUP), Articles of Association (AKTA PERUSAHAAN), Tax Registration Certificate (NPWP), Company Registration Certificate (TDP), and corporate bank account. Registration time is about 3 months.

For some special certificates, such as import and export certificates (APIs), food production licenses, etc., the price and time are subject to availability.

It is important to note that Indonesia does not have the concept of a one-person limited company. In Indonesia, a limited company must have two or more people.