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Local Company (PT)

A local PT (Perseroan Terbatas) company is a limited liability company established according to the laws of Indonesia. In a local PT, only Indonesian citizens and Indonesian legal entities are allowed to hold shares as registered shareholders. Local PT companies have several features that separate them from other business entities.

Local company establishment in Indonesia requires significantly lower paid-up capital than a foreign entity:

  • Micro company: less than IDR 50 million
  • Small company: IDR 50 million to IDR 500 million
  • Medium company: IDR 500 million to IDR 10 billion
  • Large company: more than IDR 10 billion

Starting a local PT company involves the following process and it generally takes approximately 30 – 45 business days:

  • The Ministry of Law and Human Rights will approve the company name
  • The Notary will prepare the Association Article
  • Acquire Deed of Establishment from the Ministry of Law and Human Rights
  • Obtain a domicile certificate from the local government office
  • Obtain taxpayer identification number and value-added tax number at the local tax office
  • Acquire trading business license (SIUP)
  • Obtain company registration certificate (TDP)

PTs which plan to hire foreigners must be medium-sized companies and have a paid-up capital of 1.1 billion rupiah.
However, you need to secure a relevant business visa and work permit in Indonesia to do so.

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