What needs to be done after opening a company in Indonesia?
What needs to be done after opening a company in Indonesia?
The basic rules that a company must follow in order to conduct business in Indonesia as legally as possible
1. The company must run a real business and have employees employed in accordance with the rules. A director alone cannot conduct all the company's activities.
2. The company must have a real office and a lease agreement or other document confirming ownership of the premises. If the company is initially open to a virtual office, then within a year you need to change the address to a real one if your business is physical.
3. The company must submit all tax and investment reports on time.
4. Founders should replenish the company's authorized capital and use it for business needs.
5. Our employee's tax number will be used to obtain the company's tax number. However, this number will be valid only for the first 3 months after the company registration. Within three months, you need to register as a director and attach his personal NPWP to the company's tax system so that the company's NPWP is not revoked. If one of the founders already has an NPWP, we can immediately use it when registering the company.
After opening a company, you will receive the following set of documents:
Deed of Establishment - Akta Pendirian
Decree of the Minister of Justice and Human Rights of the Republic of Indonesia on the ratification of the founding agreement of the company — SK Pendirian
Company information from AHU
Company tax number — Tax ID (NPWP)Location permit - PKKPR
Standard Certificate (if any)
Business License Number (Nomor Induk Berusaha)
Certificate of safety, occupational health and the environment - K3L PT
Statement of Environmental Management and Monitoring Capabilities - SPPL PT
You will also have an account registered in the OSS ONLINE system https://oss.go.id / - (Online Licensing Service That Is Integrated, Integrated, With A Risk-Based Licensing Paradigm).
The account will be linked to our mail for the speed of the process, after opening a company you can change the email address to your own. To do this, you need to provide us with your username and password, it is advisable to create a separate one for linking to OSS.
Some of the documents are electronic only, the charter is issued in the original in a single copy.
To start doing business, it is necessary:
1. Open a company account
At the moment, it is possible to open a company account in most banks only if the company's director has a kitas.
To receive the kitas of the director of the company, it is necessary to provide an extract from the company's account, in this regard, a bank account is opened first, which allows you to open an account without the kitas of the director, and only then the kitas is issued.
2. Hire employees
Within 30 days after the opening of the company, it is necessary:
- register at least 2 employees (in case of absence of employees at the initial stage, it is necessary to register the director and commissioner) in BPJS Employment (social insurance system integrated with the OSS system)
After the registration of employees, it is necessary to pay the first installment, and then pay the contributions monthly until the 10th day of each month.
https://wajiblapor.kemnaker.go.id/
register at least 1 local employee with BPJS Health (health insurance system).
- register an employment report on hired workers with the Ministry of Labor (WLKP) via the website https://wajiblapor.kemnaker.go.id/
This report must be updated annually, and it must also be updated when the staff changes (dismissal or hiring of new employees).
Employee salary reports are submitted in monthly tax reports before the 10th day of each month.
The data in the BPJS Employment, BPJS Health and employment report are updated every time you hire new employees or fire old ones.
The director and commissioner of the company are also subject to mandatory registration if there are no employees in the company.
3. The next month after the registration of the company, it is necessary to start submitting reports, for this it is necessary:
to issue a personal NPWP to the director of the company. After receiving the NPWP, the director will be required to file a personal tax return annually by March 31 of each year.
register a company in the DJP Online tax system https://djponline.pajak.go.id /
for online submission of reports of the company and the director, it is necessary to issue the EFIN (Electronic Filing Identification Number) of the company and the EFIN personal
So, using EFIN and DJP online, it is necessary to submit tax reports monthly every month before the 10th day of the month following the reporting one.
4. LKPM (Laporan Kegiatan Penanaman Modal) investment reports must be submitted through the OSS system every quarter of the year.
Investment reports are submitted every quarter before the 10th day of the month following the last month of the reporting quarter.
5. The annual tax report of the company and the personal report of the director are required to be submitted annually
The Director's personal report is also submitted through the DJP online system until March 31st of each year.
The company's annual report is submitted by April 30th of each year.
For late submission of the annual report, a fine is provided - from 1,000,000 IDR
6. Company address
Your company has a registration address, if you have a fixed-term lease agreement, including a virtual office lease agreement, then you need to renew the lease annually.
Pay attention to the date of conclusion of the lease agreement and do not forget to extend the contract at the appropriate time so that the tax service does not suspend the validity of the company's tax number.
Our partners provide a virtual office rental agreement for 1 year. After a year, you need to extend it, or change the company's address to your address. Also, if the type of activity of the company requires a real office, it is mandatory to change the address from virtual to real within a year.
! A company should have a real office and employees, especially if the business is physical.
7. Updating the report on the beneficial owners of the company
The application for the beneficial owner of the company is submitted on the basis of Decree of the President of the Republic of Indonesia No. 13 of 2018 on the principles of recognition of beneficial owners of corporations in the context of the prevention and eradication of crimes related to money laundering and terrorist financing, as well as regulation of the Minister of Justice and Human Rights of the Republic of Indonesia No. 15 of 2019 on procedures for the implementation of the principle of recognition of beneficial owners owners of corporations.
The specified report is submitted annually via the website bo.ahu.go.id . Failure to submit this report threatens administrative sanctions, including the blocking of the OSS account, and as a result, the revocation of the business license, which may take a considerable time to restore.
8. Closure of the company
Closing a company is a rather lengthy process
THE PT CLOSING PROCESS:
Signing the decision to close the company
Closure announcement in newspapers
The decision on closure is issued 60 days after the announcement in the newspaper.
NIB Withdrawal Statement
Closure Decision
The closure order, receipt and newspaper clippings submitted for the company's NPWP cancellation process are provided to the tax office
If there are accounting obligations or fines or underpayment of taxes, then everything is paid.
❗️In case of fulfillment of all obligations, the NPWP of the organization is withdrawn, the liquidation process of the company is considered completed. The NPWP review lasts 6-12 months. As a result of the NPWP review, penalties may be accrued (usually from 300 thousand rupees).
During the entire period of the company's NPWP revocation, the director of the company must be in Bali or be able to return to the island at any time. If this is not possible, then appoint a liquidator.
The liquidator is a trusted person of the company who will represent its interests in the tax authorities, if personal presence is required. We can't act like that.
9. The founders must fulfill their obligations to contribute the authorized capital.
On a quarterly basis, the company submits an investment report in which it reports on the implementation of the authorized capital. You need to contribute funds and spend them on business needs, such as hiring employees, buying equipment, paying for local companies, etc.
The BKPM can check the company for capital contributions.
To register in all the above services and submit reports, you can use the services of our company. We will help you to launch the processes necessary for your business in the most correct way.