Purchase Indonesia shelf company
If you are looking to conduct immediate business activities in Indonesia, Tetra Consultants highly recommends you to purchase an existing Indonesian shelf company or ready-made company. To summarize this fast solution, you will own an Indonesian company with a corporate bank account within 3 working days. This shelf company is dormant since incorporation and does not have had any forms of business activities.
In contrast, it will take approximately 12 to 14 weeks if you were to register a new Indonesian company and open a new corporate bank account from scratch. Tetra Consultants is very experienced in this field and will be happy to guide you through this process.
Advantages
There are many advantages to this fast solution as compared to registering a new Indonesian company from scratch.
- You are able to receive company name, company numbers and corporate bank account within 3 business days. This allows your business to be able to sign local contracts and use the company names on name cards and websites. This is the fastest way to penetrate the Indonesian markets.
- Tetra Consultants has already appointed 2 nominee shareholders, 1 local nominee director and 1 nominee commissioner for this shelf company. As such, the shelf company is legally compliant with all Indonesian regulations. Throughout the process of changing corporate structure, our nominees will continue to be appointed to ensure your business stays compliant.
- A shelf company has an earlier date of incorporation and this will result in more credibility from your customers, suppliers and bankers.
How to purchase Indonesia shelf company?
- Tetra Consultants will provide you with the company name and company numbers and corporate bank account within 3 business days. The shelf company is fully local owned (PT) and Tetra Consultants nominees are appointed as the two local shareholders, one local director and one local commissioner.
- Assuming your intended business activity is allowed to be wholly foreign-owned as per Negative Investment List, Tetra Consultants will appoint your preferred shareholders, directors and commissioner.
- Upon engagement, Tetra Consultants will transfer the control of the company to you. Our legal team will prepare the power of attorney, share transfer agreement and board resolutions to facilitate this change.
- These documents will be prepared in both Bahasa Indonesian and English and will be signed in front of a local public notary. Once completed, you can operate the Indonesian company freely without our intervention.
- Thereafter, Tetra Consultants will begin the process of changing company name and corporate structure. To appoint foreign shareholders, Tetra Consultants will prepare a comprehensive investment plan with minimum expected investments of US$1,000,000.
- 25% of this minimum expected investments is required to be deposited into the corporate bank account as paid up capital. Once ready, Tetra Consultants will submit a quality application to BKPM to secure foreign investment approval.
- After securing BKPM foreign investment approval, Tetra Consultants will appoint you as the foreign shareholders of this Indonesian shelf company. If you would like to be appointed as the local director, Tetra Consultants will assist to apply for Indonesia work and residence permit (KITAS). This process will take approximately 8 weeks and will require the appointed director to travel to Indonesia.
- Tetra Consultants banking team will liaise with the Indonesian bank to change the bank signatory to you. Most Indonesian banks will not require you to travel for this procedure. In the event this is a requirement, Tetra Consultants will immediately ask for a waiver and suggest alternative solutions such as video conference call or phone call. The change of bank signatory takes approximately 2 weeks to complete.
- Lastly, Tetra Consultants will register Healthcare and Social Security BPJS for 2 employees of the company. The Indonesian authorities usually approves the registration within 8 weeks.
- Contact us to find out more about how to set up business in Indonesia. Our team of experts will revert within the next 24 hours.
