What You Should Know about PMA company
PMA Indonesia (Penanaman Modal Asing) or PT PMA (Perseroan Terbatas Penanaman Modal Asing) is another name for a Foreign Owned Company. This is a legal corporation formed by Indonesian law through which foreign investors might choose to conduct business in Indonesia in generating revenue or profit. A PMA company is a legal organization that allows foreign investors to invest and conduct business in the country. It has the same rights and duties as any other Indonesian corporation. The company’s owners must be at least two—either an individual or a legal body such as an investment company or the government. At least one director and one commissioner are required in the organizational structure. PMA may also hire international staff if they have the necessary permits. Why would someone want to set up a PMA firm in Indonesia? Indonesia has several commercial sectors that are accessible to international investment, and as a result, the value of investments has been rising quickly during the past few years. Furthermore, the Indonesian government has improved the investment procedure easier for international investors by issuing Presidential Regulation No. 10 of 2021, which includes a Positive Investment List. Before the Presidential Law, every foreign investor should be aware of how open, partially open, or completely closed the business sector is to outside investment. The industries are placed on the Negative Investment List (Daftar Negatif Investasi or DNI). If you perceive this as an opportunity and want to produce money and profit or engage in direct sales in Indonesia, you must form a PT PMA. Business Sectors of PMA A PMA company is a legal organization that allows foreign investors to invest and conduct business in the country. It has the same rights and duties as any other Indonesian corporation. The company’s owners must be at least two—either an individual or a legal entity such as an investment company or the government. At least one director and one commissioner are required in the organizational structure. PMA may also hire international staff if they have the necessary permits. Open sectors—business sectors in which foreigners can hold 100% of the company. There are no particular requirements for creating a new PMA or starting a franchise in this industry. This group includes at least seven economic sectors: restaurants, bars, cafés, sports centers, swimming pools, football fields, and tennis courts. Open with a condition—refers to industries where enterprises are open to international investment but subject to specific conditions. In Indonesia, what is a PMA firm frequently referred to as a sort of sector? The share of foreign capital in the firm is determined by the industry. The average share of foreign capital is 49% or 51%, with certain industries having maximum foreign capital of 70% or 67%. This encompasses the bulk of Indonesia’s commercial sectors, such as mining and energy, hotels, and other sports facilities. Close sectors are areas in which private enterprise is not permitted. The sectors are often associated with state security and strategic affairs. Furthermore, the government has the authority to decide which commercial areas are closed to foreigners but available to Indonesian nationals. Since 2016, this sector has included tour and travel as well as guide services. You may be interested to read Get To Know Indonesia Visa Requirements Who can establish PT PMA Company? Foreign persons or organizations may form a PT PMA company, become shareholders, and hold up to 100% of the company’s equity. In contrast to PT PMDN, only local persons or businesses can hold 100% ownership. In general, a PT PMA company must include at least: 1 Director; a foreigner can become a director in a PT PMA and obtain the KITAS (stay permits). 1 Commissioner; the commissioner may be a native or a foreigner. A commissioner’s primary responsibility is to supervise and monitor the work of the business’s directors and to guarantee that every activity initiated by the company is in order and in accordance with the company’s objectives. 2 shareholders; Every PMA company, whether a human or a legal entity, shall have at least two shareholders. Regulation for PMA Company The Investment Negative List will help you learn which company areas are now available for PMA. The President Regulation Number 44 of 2016 is the most recent regulation on the list. This rule specifies the status of certain economic sectors in terms of their openness to foreign finance. Other Indonesian legislation pertaining to foreign-owned companies in Indonesia include the Capital Investment Law Number 25 of 2007 and the Head of Investment Coordinating Board Regulation Number 14 of 2015. These regulations will reveal “what is PMA company in Indonesia.” It will also be noted that the PMA firm needs get specific permits before beginning operations in Indonesia. Furthermore, a PT PMA must have a minimum of IDR10 billion, of which 25% must be paid before the company is registered with the Indonesian government. HOW CAN EVISA BALI HELP YOU? You should look for skilled and reputable attorneys or legal advisors for guidance and help in guaranteeing your legal compliance with investment legislation in order to ensure a smooth investment and business operation from a legal viewpoint while also focusing on building your business in Indonesia and reaching your revenue objective. E-Visa Bali is your trusted consulting service from Bali, Indonesia. We provide quality services to complete all your needs as quickly and affordable as possible in accordance with Indonesian regulations. Don’t hesitate to contact us too at +6287788 5000 99 or email us at [email protected] for more information.
Indonesia Business Visa: How to Apply
If you want to visit Indonesia for business, you may need to apply for an Indonesia business visa. Indonesia offers both single-entry and multiple-entry business visas. Foreign nationals who want to go to Indonesia for meetings, conferences, business deals, or other relevant activities are granted a business visa. However, you are not permitted to work for or be hired by an Indonesian company. People must apply for a work permit rather than a business visa if they want to go to Indonesia to do a contracted job or receive payment. The activities covered by a business visa Social activities Tourism-related activities Government duties Short-term training or education Foreign marketing collaboration for Indonesia, including advice, counseling, and training Reporting for the media Production of non-commercial films Business negotiation Participation in a seminar, conference, or lecture Participation at international fairs and exhibitions Auditing, inspection, or manufacturing quality control of subsidiaries for up to one month Purchase of products Single and Multiple-Entry Business Visa in Indonesia In general, a business visa in Indonesia allows you to remain for up to 60 days and can be extended for another six months. However, a single-entry business visa holder in Indonesia must extend their visa as soon as it expires. They do not need to leave the country since the start of the Covid-19 pandemic and can extend their visa through an onshore application. On the other hand, a holder of a multiple-entry business visa has a distinct advantage because this form of visa does not place a limit on the total number of times that the bearer may remain in the country each year. Documents requirements for business visas You must prepare the following papers when applying for an Indonesian business visa: filled-out application for an Indonesian visa Valid passport for at least six months from the date of entry into Indonesia a passport photocopy Passport-size photo with the following specifications Dimensions: 3cm x 4cm or 4cm x 6cm White background Taken within three months The face must be fully visible No headgear is allowed unless it is for religious purposes Copy of round-trip or onward travel ticket Cover letter for a business visa from a company, organization, or institution. The letter must include the entire address and phone number of the company/organization/institution, as well as the number of days and entries requested. Invitation letter from the company, organization, or institution that you will be visiting in Indonesia. The letter must include the company’s full location and phone number, the number of days and entries you are asking for the visa for, and whether they are responsible for your accommodation and maintenance charges. You must provide proof that you have paid the visa fee. If you are seeking a multiple-entry business visa in Indonesia, you must receive a visa authorization letter from the Directorate General of Immigration. This must be obtained on your behalf by the sponsor in Indonesia. You must give a copy of your valid residence permit/visa if you are not a citizen of the country in which you live. Visa costs in Indonesia The following fees apply to Indonesian visas: Visa on arrival: IDR 500.000 Single-entry: USD 50 Multiple-entry: USD 110 How to Apply for a Business Visa To learn about any special restrictions, contact the Indonesian Embassy or Consulate. Some may need an appointment, while others may accept applications through mail. Collect the necessary papers for an Indonesian business visa. You must pay the visa charge. Submit the documents in person or by mail to the Indonesian Embassy or Consulate. Wait for your application to be processed by the Embassy or Consulate. Assume you’re seeking a business visa with numerous entries. In such a scenario, you must have a sponsor who must apply to the Directorate General of Immigration in Jakarta for a Letter of Visa Authorization. Business visa extension Before the existing visa expires, you must extend your business visa at the Indonesian Immigration Office. The extension charge will be the same as the original visa fee, and you can ask for extensions for 30-60 days up to four times. You do not need to apply for an extension if you have a multiple-entry fee. If you come without a visa and stay for more than 30 days, you must pay a cost of around USD 70 for each day you overstay. Business visas can only be used for certain activities. If you want to engage in business activities that the business visa does not permit in Indonesia, you may consider applying for a work permit. EVisa Bali is your trusted visa consulting service from Bali, Indonesia. We provide quality services to complete all your visa needs as quickly and affordable as possible in accordance with Indonesian regulations. Check out our VISA Services and start consulting your travel plans with us today to find out the best plans that work for you! Don’t hesitate to contact us too at +6287788 5000 99 or email us at [email protected] for more information.
Indonesia Visa Extensions You Need to Know
In Indonesia, there are many types of visas that let tourists remain for one month, two months, or even up to six consecutive months. It is a good idea to stay up to date on the newest visa restrictions before flying into the country. You wouldn’t be the only person who abruptly had to leave the country due to inaccurate information and/or presumptions, particularly in regard to Indonesia visa extensions. Travelers who want to stay in Indonesia for more than 60 days must get a visa from an Indonesian embassy overseas. You may obtain a visa upon arrival at Indonesia’s international airport if you are staying for fewer than 60 days. The many sorts of visas and the sometimes changing restrictions might be perplexing. VISA extensions for trips, whether for business or for social reasons, all have a specified time of stay. The types of visas offered in Indonesia are not inferior to those available in other countries. Foreign nationals can enter Indonesia using one of five categories of visas, which are as follows: 1. Visa for Tourists (valid for 30 days) 2. Arrival Visa (valid for 30 days) 3. Multiple Entry Business Visa (valid for 1 year but for a 60-day stay permit, every stay will expire, and foreigners must leave the territory of Indonesia) 4. Single Entry Business Visa (valid for 60 days) 5. Socio-Cultural Visa (valid for 60 days) How Can I Extend My Visa? Visas can be renewed at an Indonesian immigration office. Travelers must carry their passports and their original visa with them. It should be valid for at least another six months. If a sponsor is necessary (like with a Social or Cultural Visa), a photocopy of their identity card is also requested. Visitors must fill out papers, provide required documents, and pay a charge. The cost of an Indonesia visa extension is IDR 350,000 (about USD $26), plus extra expenses for fingerprinting and other procedures. Is extending a visa for Indonesia difficult? If there is no immigration office near where the tourist is residing, getting a visa extension might be challenging. There are also certain considerations to make while seeking a Visa extension in Indonesia. To begin, processing visa extension requests might take time. It is best to begin the procedure at least a week (preferably ten days) before the existing visa expires. It may also need repeated visits to the immigration office in order to gather the necessary forms, submit the application, and collect the extended visa. Additionally, be sure you extend your visa on schedule if you intend to. You will have problems if you wait until the last minute. According to regulations, you must renew your visa on arrival at least 7 working days before it expires, and a social-cultural visa at least 14 working days. Remember to dress formally, wear shoes, and cover your knees, shoulders, and breasts to respect the culture. Some folks were turned away “simply because” they were wearing flip-flops. This might be particularly aggravating if you’ve gone a great distance to get there. Also, keep in mind that extending your visa takes time because you must travel to immigration three times. How to Extend Your Social, Tourist, or Cultural Visa in Indonesia Before traveling to Indonesia, get a Social, Tourist, or Cultural Visa (B-211) from a diplomatic office (embassy or consulate). To visit, citizens of certain countries must apply for one of these visas. The B-211 Visa initially permits stays of up to 60 days. An extension of a Social, Cultural, or Tourist Visa for Indonesia is available. It may really be extended three times while in the country. Each extension provides an additional 30 days. The total maximum stay now stands at 150 days. Overstay Penalty for Indonesian Tourists Visitors who overstay their Indonesian visa without extending it are fined Rp 1,000,000 (about USD$70) each day. If a foreign national overstays their visa for more than 60 days, they may face prosecution. The penalty can be up to 5 years in jail or a fine of up to Rp 500,000,000 (about USD$34,640). Can You Extend Your Indonesia Visa in Bali? The rules for getting an Indonesia visa extension are the same in Bali as in the rest of the country. It is possible to extend VoAs and B-211 Visas, but not Multiple Entry Visas or free visa stamps. Understanding which visa to apply for your needs is important for you to plan your problem-free adventure in Bali, Indonesia. EVisa Bali is your trusted visa consulting service from Bali, Indonesia. We provide quality services to complete all your visa needs as quickly and affordable as possible in accordance with Indonesian regulations. Check out our VISA Services and start consulting your travel plans with us today to find out the best plans that work for you! Don’t hesitate to contact us too at +6287788 5000 99 or email us at [email protected] for more information.
How to Stay in Indonesia with a KITAS
If you wish to live or work in Indonesia, you will require a KITAS (Kartu Izin Tinggal Terbatas), which is a Residence Permit Card for a temporary or restricted stay. It permits the bearer to stay in Indonesia for up to 12 months but can be extended if necessary. When you apply for a work visa, retirement visa, spouse/family visa, or any long-term visa to Indonesia, you will be given a KITAS. You need a sponsor (like your company) to assist you with the application because this is a resident permit, not a tourist visa, and a big part of the application procedure takes place from within Indonesia. Who Should Submit an Application for KITAS? Legally married foreigners to Indonesian citizens Children of lawfully married foreigners to Indonesian citizens Children born in the Indonesian Territory to fathers and mothers with a Limited Stay Permit Card. Foreign people entering Indonesian territory on a restricted stay visa or foreigners granted status transfer from a Visit Stay Permit The captain, crew, or foreign specialists on board ships, floating equipment, or installations working in Indonesian seas or jurisdictions in line with rules and regulations. Foreigners might also be awarded a Limited Stay Permit Card to undertake short-term labor. KITAS for Working in Indonesia Although the phrase KITAS/ITAS is commonly used, the official word for an Indonesian Temporary Expatriate Work Permit is an RPTKA (Rencana Penggunaan Tenaga Kerja Asing). As previously stated, an ITAS is a stay permit. A foreigner working in Indonesia must realize that an RPTKA and a KITAS/ITAS are two separate permissions that must be applied for. Sponsorship from your employer is essential to apply for a Work KITAS/ITAS. Furthermore, the Employer must be an Indonesian enterprise. Locally registered enterprises in Indonesia are classified as a PT, PT PMA, or a representative office. A work KITAS/ITAS also permits a foreigner to re-enter Indonesia numerous times with a single permit, also known as a MERP (Multiple Exit and Re-entry Permit). KITAS Marriage Visa A foreigner who is lawfully married to an Indonesian citizen may be sponsored by his or her spouse for a KITAS/ITAS family visa. Please keep in mind that this is not an Indonesian work visa. You will be permitted to stay in Indonesia but not to work. The application requires a valid marriage certificate authorized by the Indonesian government. If you marry overseas, you must have an Indonesian-legalized CNI (Certificate of No Impediment to Marriage) in Indonesian. After a two-year marriage, you can apply for a permanent residence visa (KITAP) in Indonesia. With MERP, KITAP has a 5-year validity period (multiple exits and re-entry permit). KITAS Work Visa Foreign nationals who want to work for an Indonesian firm or organization are granted the Work Visa KITAS. For a work KITAS, your employer must get a work permit (IMTA) from the Indonesian Ministry of Manpower on your behalf. The length of your employment contract will then be used to calculate your KITAS. Some individuals mistakenly believe that a KITAS is a work visa. It is not the case. You may have a KITAS yet be unable to work (such as Retirement or Dependent KITAS). A foreigner is only permitted to work in Indonesia if they have a work permit (IMTA). Documents Required for a KITAS in Indonesia The documents you need in order to obtain a KITAS differ depending on the type of Indonesian visa/KITAS you need. They include: Your valid passport and a colored copy of your passport. Proof of financial solvency Two passport-size colored pictures For Work KITAS: A colored copy of your CV (resume). It must have the company’s stamp and a signature by a company director over the stamp. A copy of the RPTKA A colored copy of your university certificate/s or the highest level of educational degree. A certificate of work experience (at least five years) that’s connected to the job Proof of an insurance policy issued by an Indonesian insurance company Documents from your company, such as NPWP tax identification number, Business license (SIUP), Capital Registration Licence (SPPMA) from the BKPM, etc. For Spouse/Family KITAS: ID Card (KTP) and Family Card (Kartu Keluarga) of the Indonesian spouse Birth certificate (Akta Lahir) of Indonesian spouse Bank Statement of the Indonesian spouse Birth certificate/s for dependent children if applicable How Do I Get a KITAS Indonesia? Within 30 days after entering Indonesia with a VITAS, you must apply for a KITAS. The VITAS is the Indonesian entrance visa, which you must apply for at an Indonesian Embassy or Consulate near you. The Indonesian Directorate General of Immigration accepts ITAS/KITAS applications online. Traveling to Indonesia is a good choice, but you need to know your Indonesian visa requirements. Understanding which visa to apply for your needs is important for you to plan your problem-free adventure in Indonesia. EVisa Bali is your trusted visa consulting service from Bali, Indonesia. We provide quality services to complete all your visa needs as quickly and affordable as possible in accordance with Indonesian regulations. Check out our VISA Services and start consulting your travel plans with us today to find out the best plans that work for you! Don’t hesitate to contact us too at 0877 8850 0099 or email us at [email protected] for more information
