| |
Who's OnlineWe have 4 guests online
Since 15 Jan 08, TOTAL:602918` visitors
Visit Indonesia Year 2008
|
|
|
|
How to Invest in Indonesia |
|
|
|
|
Wednesday, 26 December 2007 |
Invest in Indonesia
Invest in Indonesia describes steps to be taken by investors if they are interested in investing in Indonesia. Starting out with explaining applicable laws and regulations, it continues with procedures to follow and approval steps to take for an investment activity, tax information, application form filling, costs to do business in Indonesia and information about Indonesian business sector classification.Laws & Regulations pertaining to investment are classified as systematically as possible to cater investors’ needs and help them find information with ease. This is the first information presented in order to give the investors an idea about legal certainty and supporting instruments for investment in Indonesia.The next step after confirming the legal certainty is to familiarize with the procedures to follow for an investment in Indonesia. Included is information about taxes imposed on investors, standard costs to expend and Indonesian business sector classifications. Supplied with this information, it is hoped that investors get an accurate idea about what to do.After these two steps, if you become interested in investing in Indonesia, you can fill an application form with your company data and investment sectors interesting for you. Approval of Foreign Investment
A. How to ApplyApplications for new investment under PMA arrangements can be filed by: foreign citizens and/or foreign statutory bodies and/or PMA companies; foreign citizens and/or foreign statutory bodies and/or PMA companies along with Indonesian citizens and/or Indonesian statutory bodies. Applications for new investment as well as the alteration projects under PMA arrangements shall be filed to the Head of BKPM Applications for new investments under PMA arrangements shall be filed by using Model I/PMA form. Applications for alterations of investment projects under PMDN arrangements shall be filed using other model forms. B. Approval of ApplicationsApproval of applications for new investment as well as the alteration projects under PMA arrangements shall be issued in the form of letter of approval of foreign investments (Surat Persetujuan Penanaman Modal Asing, SP-PMA) and in the form of letter approval for alterations/extension of foreign investments (Surat Persetujuan Perubahan/Perluasan Penanaman Modal Asing, SP Perubahan/Perluasan-PMA). SP-PMA shall be issued by the Head of BKPM and shall be issued not later than 10 (ten) working days starting from the receipt of correct and complete applications. Local Permits shall be issued by; Governors/Heads of Provincial Regions (in this case Chairmen of local Investment Bodies) when the applications were filed to the Chairmen of local Investment Bodies for the Extension of Working Permits of the foreigners working in the regions within the province. Notice that the Chairmen of local Investment Bodies are staffs of Governors/Heads of Provincial Regions. Approvals issued by Governors/Heads of Provincial Regions are, in principle, approvals issued by Chairmen of local Investment Bodies for the Governors/Heads of Provincial Regions. For simplicity, approvals issued by Chairmen of local Investment Bodies, hereafter, refer to approvals issued by Chairmen of local Investment Bodies for the Governors/Heads of Provincial Regions. Regents/City Majors or Heads of Regencies/Cities in Regions (in this case Chairmen of local Investment Bodies of regencies/cities) when the applications were filed to the Chairmen of local Investment Bodies of regencies/cities for the Sites/Locations, Land Title/Usage of Land, Building Permit and the Environmental permit. Notice that the Chairmen of local Investment Bodies of Regencies/Cities are staffs of Regents/City Majors or Heads of Investment Bodies of Regions/Cities. Approvals issued by Regencies/Cities in Regions are, in principle, approvals issued by Chairmen of local Investment Bodies for the Regents/City Majors of Regencies/Cities. For simplicity, approvals issued by Chairmen of local Investment Bodies, hereafter, refer to approvals issued by Chairmen of local Investment Bodies for the Regents / City Majors or Heads of Regions.
C. Other Provisions PMA companies with SP-PMA shall file applications for investment implementation licenses required for the realization of their investments. SP-PMA shall be automatically cancelled if no realization of projects taken place in the form of concrete activities for 3 (three) years starting from the date of its issuance. Concrete activities consist of administrative and physical ones. Concrete administrative activities shall be those for the following licensing: the location license or building lease agreement (especially for PMA companies in services sector) or regional mining license or mining concession (especially for PMA companies in the field mining); and bank accounts in the names of PMA companies (especially for new PMA companies); and customs approval letter for capital goods; and/or limited importer's identification number; and/or decision on the plan for employment of foreign personnel (especially for PMA companies using expatriates); and/or building construction permit; and/or Nuisance Act permit; and/or deed of the establishment of companies already validated by the Minister of Justice for capital participation based companies). Concrete physical activities shall be those already conducted:
for industries: there are main activities in the form of land clearance covering at least 25 percent of the areas contained in SP-PMA; or for services and capital participation (holding): there are main activities in the form of land clearance covering at least 25 percent of the areas contained in SP-PMA, or office/building space.
Application Form You may download application forms from this site | No. | Filename/Title | Size | Description | | 1 | Model I PMA.doc | 74 KB | Application for New Investment under Foreign Investment Arrangements | | 2 | Model I PMDN.doc | 64 KB | Application for New Investment under Domestic Investment Arrangements | | 3 | Model II PMA.doc | 75.5 KB | Application for Investment Expansion under Foreign Investment Arrangements | | 4 | Model II PMDN.doc | 67 KB | Application for Investment Expansion under Domestic Investment Arrangements | | 5 | Model III.doc | 54 KB | Application for the Amendment of Provision in Approval of Investment | | 6 | Model III.A.doc | 59.5 KB | Application for Approval of Change in Status | | 7 | Model III.B.doc | 59.5 KB | Change in Status of PMDN or Non-PMA/PMDN Company into PMA Company | | 8 | Model III.C.doc | 35 KB | Application for the Extension of Completion Period of PMDN and PMA Projects | | 9 | Model III.D.doc | 74.5 KB | Application for Merger of Companies | | 10 | Model IV.A.doc | 43.5 KB | Application for Approval of the Main List of Capital Goods/Change in Capital Goods | | 11 | Model IV.B.doc | 42.5 KB | Application for the Approval of the Main List of Raw Materials/Auxiliary Materials/Supporting Materials | | 12 | Form APIT.doc | 37.5 KB | Application for Approval of Limited Importer Identification Number | | 13 | Form RPTK.doc | 38 KB | Application for Approval of Foreign Personnel Employment Plan | | 14 | Form PPt.2.doc | 44.5 KB | Application for a License to Employ Foreign Personnel in the Framework of PMDN/PMA | | 15 | Form LKPM L1&L2.doc | 102.5 KB | Investment Realization L1 and L2 Reports | | 16 | Form KPPA.doc | 34 KB | Application for the Establishment of a Regional Representative Office in Indonesia | | 17 | Application.doc | 170 KB | Application for the Establishment of Capital Participation-based Company | | 18 | Form IUT.doc | 47.5 KB | Application for Fixed Business License in the Framework of PMDN/PMA | | 19 | Statement.doc | 31.5 KB | Statement of Commencement of Production (especially for companies located in industrial estate |
» No Comments
There are no comments up to now.
» Post Comment
|
|
Last Updated ( Sunday, 30 December 2007 )
|
|
|
|
|
|
