Lombok’s Investment Opportunity Beckons: Unlock the Potential With PT PMA Company Setup in Lombok
Nestled between Bali and Labuan Bajo, the stunning island of Lombok is emerging as a hidden gem not only for holiday makers looking for authentic beauty but also for investors seeking for lucrative opportunities in a diverse and rapidly growing market. With its unspoiled gorgeous beaches, lush mountains and tropical landscapes, and rich cultural diversity, Lombok is not only a tourist heaven but also a promising opportunity for business acumen.
The business opportunities lie not only on tourism industry, but also property and real estate development and agriculture. The relatively cheaper land price compared to Bali makes Lombok is a profitable option for investors. To unlock the growing potentials, set up your PT PMA company in Lombok with your trusted consultant.
*For client’s privacy, his photo is hidden
CEO- PT Salhi Halim Indonesia
Allowed Shareholding
Certain sectors of business are opened to 100% foreign investments. These include tourism related business such as hotel, villa, restaurants & café etc. In this case, the foreigner/s don’t need Indonesian partner/s.
Some other fields are opened to maximum 70% of foreign investment. The 30% investment must be Indonesian/s. There are also other sectors that are totally closed to foreign investment. This includes small and medium scale of businesses.
However, foreigners can run a joint venture company with Indonesian partners for all of business field, except the closed business group (small and medium scale). The shareholding composition depends on the mutual agreement of the founders.
In the field of construction, the highest allowed non-ASEAN foreign investment is 67% and for ASEAN foreign investment is 70%.
Regardless of any business sector, the minimum capital requirement to set up PT PMA in Lombok is IDR 10,5 billion, excluding land and building values.
Requirement
- Company name to be registered to Indonesian Ministry of Law and Human Rights (MoLHR). Kindly prepare more than one names as it may be rejected for some reasons, for example, due to similarity or duplication etc. The name must consist of three words.
- Passport/ID card copy of founders/shareholders. Founders/shareholders should be at least two persons; each of them may act as either commissioner or director. However, commissioner and director doesn’t have to be shareholders.
- Current shareholders’ addresses at home country, contact numbers and emails.
- Shareholding composition (who owns what percentage).
- Company office address and contact numbers in Indonesia.
Document Obtain For the Client
- Notarized Deed of Establishment
- Indonesian Ministry of Law and Human Rights Approval
- Company Tax Identification Number
Timeline & Process
- Client submits all data and down payment
- We register the company name
- We make the Company Incorporation Act
- We apply for Ministry of Law and Human Rights Approval.
- The whole process takes about 2 – 3 weeks.
Additional Information
- Consider to have a local or someone who lives from time to time in Indonesia as director as he/she will deal with all day to day administration and local matters. However, way-foreign director can give his/her Power of Attorney to someone, in case of a legal action is required.
- Foreigner acting as Director requires Work Permit (KITAS).
- Shareholder planning to apply for investor KITAS must have at least IDR 10 billion investment value.
- Foreign Company is required to submit quarterly LKPM/Laporan Kegiatan Penanaman Modal (business report).
- The nominated director or his attorney appointed by a valid Power of Attorney must sign the Deed of Establishment to make the PT PMA exists.
- The company must start doing business activity no later than 6 months commencing the issuance of the related licenses.
