What is the process of setting up a foreign investment PT.PMA company?

1. The first step in setting up a PT.PMA business is to determine your business activities and the type of company structure you require. This will involve choosing a business name and identifying the shareholders, directors, and commissioners of the company.
2. Obtain a Tax Identification Number (NPWP). To obtain a Tax Identification Number (NPWP) for your company, you will need to register with the tax authorities in Indonesia. This will involve submitting a range of documents, including your business plan, company registration documents, and other supporting materials.
3. Secure your Business License and Company Registration.
   1. Once you have your NPWP, you will need to secure a business license and register your company with the relevant authorities in Bali. This will involve submitting a range of documents, including your articles of association, shareholder agreements, and other supporting materials.
4. Setup a business bank account in Indonesia and deposit the minimum paid-up capital.
5. Obtain other necessary permits and licenses.

Depending on the nature of your business activities, you may need to obtain other permits and licenses from various government agencies in Bali. These may include licenses related to construction, environmental impact, or other regulatory requirements.

The approximate costs of setting up a PT.PMA business in Bali can vary widely depending on a range of factors such as the nature of your business activities, the size of your company, and the complexity of the regulatory requirements. A simple company setup is approximately $2,500 and takes around two weeks to complete incorporation.