1. What exactly is PMA?
PMA (Penanaman Modal Asing/Foreign Investment), is an investment activity conducted by foreign investors in the territory of Indonesia or the Republic of Indonesia. This investment will be utilized to establish a business in Indonesia. The investment might come from a single individual or a partnership with domestic investors.
Then why is this PMA applied in Indonesia? One of the main tasks of the PMA is to increase the wellbeing of the populace. In addition, PMA might be a source of income for Indonesia's growth. This PMA will support the growth of the Indonesian economy. As more sorts of businesses emerge, foreign investment can also assist reduce unemployment.
Foreign investment is a multi-step procedure. Here are the phases of obtaining your PMA that you must understand.
At this point, you must submit an application for a permanent business license or IUT (Izin Usaha Tetap). The second-stage-prepared documentation must be submitted to BKPM. If BKPM approves, you will acquire a permanent business license and begin operations
2. Requirements for PMA Establishment in Indonesia.
The foreign investment or PMA is achieved by forming a legal entity, namely a Limited Liability Company or PT. Creating a PT is substantially comparable to creating a domestic business. Only PT PMA requires BKPM clearance, which is mentioned in a document known as the primary permit.
The primary permit is a mandatory authorization. This license is required for everyone who wants to start a business or invest. This is required for the establishment of PT PMA. Before studying the primary permit, let's analyze the full process of generating PT PMA.
Here are the documents that must be Submitted.
In addition, you must submit an application for a basic permit. Prior to submitting an application for the creation of a PT PMA, a principal approval is necessary. Here is some of the required documentation.
If the document is complete, it will then be verified. If the document has passed validation and has been pronounced legitimate, the application will be confirmed. The primary approvals required for the formation of PT PMA will be granted.
3. PMA Procedure for Setting Up
After knowing what the requirements are, what is the process that needs to be followed to set up a PMA? Here is a short explanation of how the PMA was set up.
4. Who can then set up this PT PMA?
Anyone can put in an application, but not all of them will be approved. Of course, you can't get permission unless you meet all the rules.
But it's important to remember that not everyone has the experience and knowledge to apply for PT PMA to be set up. So, it is very important to first learn about the rules and steps for setting up a PMA. If it's really hard, you can use services from expert to help you.
If you think it's a good idea to set up a PMA, there are a few things you should think about. Here are some things that need to be thought about before the PMA establishment procedure can be followed.
At this stage, it's important to be ready. You can convince BKPM to give you a permit and approve your application during your presentation. At this point, you have a great chance to get a permit for the PT PMA you have set up so that it can work.
Along with the completeness of the documents that the officer will check, the outcome will also depend on how well the case is presented. During this presentation, BKPM will be able to decide more easily if a permit can be given or not.
Published By Derry Khudlori
Photo Banner By Ramdhani Arifin
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