How to Become an Importing Company in Indonesia

Posted by

thetechtarget.com – If you’re thinking about starting an import business in Indonesia, there are a number of things you should know. This article will explain the requirements for registering an import company in Indonesia and how to acquire an import license. It will also give you an overview of the registration process and the minimum capital requirement for a foreign-owned import company. Once you have completed these steps, you will be well on your way to becoming an importing company in Indonesia.

Minimum capital requirements for foreign-owned import companies in Indonesia

The official minimum capital requirements for foreign-owned import companies in the country are IDR 10 billion, of which 2,5 billion should be paid up. In addition, companies incorporating two types of business must submit a capital statement letter. These companies may have up to 100% foreign ownership. However, to avoid any delays or issues, it is advisable to seek advice from a professional advisor who is familiar with Indonesian investment laws.

The Government of Indonesia has introduced several measures to facilitate foreign investment in Indonesia. The first is to relax the capital requirements for start-ups in special economic zones (SEZs), such as mining and oil exploration. In addition, the government has eliminated the IDR100 billion requirement for certain sectors, which effectively barred foreign investors from investing in Indonesia. The Government of Indonesia also has a list of Negative Investment Categories (NIP) for foreign investors, which includes three main sectors: oil, gas, and food.

For the purpose of attracting foreign investment in Indonesia, it is imperative for a foreign-owned import company to have a recognized national institution (NIB) and an effective Operational License. In this way, a foreign-owned import company can enter the country’s market without incurring any financial risks. A reliable consultant, such as Indoservice, can help you meet these requirements. The company can be incorporated in Indonesia with a minimum of Rp 10 billion.

If you are a first-time investor, you should first learn about Indonesia’s corporate structure. There are two forms of foreign-owned import companies: a PT PMA. While both companies have a few similarities, there are some differences. In Indonesia, PTs are easier to obtain additional funding and local capital. Also, the Indonesian government taxes dividends from PTs, while LLCs don’t.

For PTM engaged in the trade of fruits and vegetables, the KBLI code for that activity is 46312 or 46313. A company that falls under these codes is only required to invest 10 billion rupiah in total value, excluding land. If the two numbers do not match, then a company will have to invest 20 billion rupiah. These requirements are set to apply to PT PMAs that have a business classification code of 46312.

In order to become a foreign-owned import company in Indonesia, you need to have at least IDR 10 billion in capital. The capital can be in the form of cash or fixed assets, such as machinery, land, or buildings. The capital can be paid once the company is established, but you must be a local citizen to be able to register your company. As a foreign-owned import company, you should have a bank account in Indonesia.

While setting up a business in Indonesia requires a considerable amount of investment, it’s still worth it to take a closer look at ownership regulations. PT PMA is the primary license for foreign investors. This license has no restrictions on size and inception. For more information on setting up a foreign-owned import company in Indonesia, please refer to the Indonesian Investment Law (LPA) and the Foreign Investment Regulations.

Requirements for obtaining an import license in Indonesia

The requirements for obtaining an import license in Indonesia depend on the type of product you are planning to import. Limited import licenses are issued by the Indonesian Investment Coordinating Board (INCB), while contractors and specific merchandise will require a license from the relevant ministries. For specific products, a Special Importer Identification Number (SIIN) is required, which must be connected to an API.

In the past, it was necessary to register with the Directorate General of Customs and Excise (DGC). This license allows a foreign-owned company to import only certain products in one product sector. But with the introduction of a general import license, one import company can import products across 21 categories for trading purposes. Getting an import license in Indonesia is now a relatively easy process. Moreover, it only takes 10 business days, as long as the importer has a local director. A foreign-owned import company can obtain a work permit KITAS before applying for an import license. However, if you are not an Indonesian resident, this process can take as long as 2 months.

Having a business license is the first step in the import process. After obtaining an import license, it is essential to fulfill the technical requirements for importing a specific product. Some products are subject to restrictions, such as tobacco, and alcohol. Those items that are not allowed for import in Indonesia must be distributed through three distributors. However, even in these situations, the requirements for import license are still more stringent than in many other countries.

A business license for import in Indonesia covers all of a trading company’s import and export activities. However, the import license does not apply to branch offices and representative offices, which do not conduct revenue-generating activities. Even if the company has a SIUP, it should still obtain an Indonesia Import License, locally called Angka Pengenal Impor (API).

If you are planning to import finished products for marketing and retail purposes, you will need an API-P license. This license permits the import of finished products for complementary goods or services. As long as the imported products are new, the importer must meet the necessary requirements to avoid any infringement. There are various import charges, including the import tax. The total tax incurred on imported goods must be declared in a document called a Declaration of Imported Items.

BPOM oversees food safety in Indonesia, and has made some changes to the import licensing process. BPOM is now the government agency responsible for food safety. Understanding the licensing process is necessary for importers of food products into Indonesia. You’ll need to be registered with the National Agency for Drug and Food Control and have a business license from the Ministry of Industry of the Republic of Indonesia and the Coordinating Board of Investment.

Registration process for import companies in Indonesia

Registering an import company in Indonesia is not a straightforward process. The process can take up to five months depending on the type of goods you’re importing. To speed up the process, the Indonesian government has made the registration process easier by providing an online platform – Cekindo – that allows foreign investors to apply for a license through the Internet. The online portal allows investors to submit applications in one go, which saves time and money.

To obtain the right license to import products in Indonesia, it is vital for you to register your business. Every category of products is categorized by the Indonesian Harmonization System (HS) code. Certain products may require additional registrations or licenses. You will need to find out the HS code for your products in order to know how much tax or customs duty you’ll be charged. You also need to obtain a sale certificate and an analysis certification for your products. You’ll need to provide information about the physical, chemical, or microbial features of your products.

After you’ve registered your business, you’ll receive an Import Licence, Business Registration Number, Customs Identification, Badan Penyelenggaran Jaminan Sosial registration, and a Tax Identification Number. These will all be sent to the company’s address. Some companies will also be issued a domicile certification, although this is not necessary. The domicile certificate is issued by the building management or municipality. You’ll also receive a value added tax collector’s number.

The next step in the process of registering your import company in Indonesia is to obtain a Business Identity Number (BIN), which serves as the basic import license for your business. This business identification number is valid for the life of your company. It will replace the Company Registration Certificate, Importer Identification Number, and Customs Registration NIK, and will never expire. If you do not register your company in Indonesia, you’ll risk getting a hefty fine.

When you register your import company in Indonesia, you’ll need to file a Master Bill of Lading (MBL) and a House Bill of Lading (HBL). These documents contain the details of your consignments and are necessary for customs enforcement. This document must be completed on a computer, which is the fastest and most efficient way to file your declaration. The information you provide will be used to determine the value of your imports.

You can also register an import company in Indonesia as a 100% foreign owned company. Indonesia’s regulations allow a foreign-owned import company to have a total of IDR 10 billion in capital, of which approximately 2,5 billion should be paid up. Furthermore, if you have two business classifications, you need to present an investment plan of IDR 20 billion. The investment plan letter can serve as proof that you have the required capital to begin business in Indonesia.If you need a service company to help you, then visit the website https://dgslink.com/.