PT Company
PT Company
Private Limited Liability Company (Perseroan Terbatas, RT)
Foxy Visa presents the Private Limited Liability Company (Perseroan Terbatas, RT), widely recognized as a safe and popular business entity for local ventures in Bali. The registration process is straightforward, from initiation to dissolution. Only Indonesian citizens are eligible to be founders of a PT company.
The minimum authorized capital requirement for a PT is 550 million IDR.
PT Registration Terms and Conditions
- Proposed company names (three options);
- Copies of identity cards for the Commission agent and Director;
- 3×4 cm size photograph;
- Company address, evidenced by a certificate of the land plot or building status;
- Land ownership certificate copy;
- Land tax (PBB-Pajak Bumi dan Bangunan) copy;
- Construction permit (IMB, Izin Mendirikan Bangunan) copy.
PT Documentation
- Officially confirmed company name;
- Company Charter, authorized by an Indonesian notary;
- Local authority permissions;
- Approvals from the Indonesian village and district chiefs;
- Taxpayer Identification Number (NPWP);
- Legalized Company Charter from the Legal Department;
- Location permit from the Regency;
- Company certificate registration from the Department of Commerce and Industry;
- Permanent business license from the Investment Coordinating Council.
Registration Timeline
The process to register a PT company in Indonesia typically ranges from 1 to 6 months.
Frequently Asked Questions (FAQs)
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What is a PT Company?
A PT Company, or Private Limited Liability Company (Perseroan Terbatas, RT), is a popular business entity in Bali, ideal for local ventures.
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Who Can Found a PT Company?
Only Indonesian citizens are eligible to be founders of a PT Company.
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What is the Minimum Capital Requirement for a PT Company?
The minimum authorized capital for starting a PT Company is 550 million IDR.
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What are the Key Requirements for PT Registration?
Requirements include suggesting three company names, identity card copies of the Commission agent and Director, company address proof, land ownership and tax documents, and a construction permit.
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What Documents are Necessary for PT Company Registration?
Key documents include the company name confirmation, Company Charter, local authority permissions, NPWP, legalized Charter, location permit, company certificate registration, and a permanent business license.
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How Long Does It Take to Register a PT Company?
The registration process for a PT Company in Indonesia typically takes between 1 to 6 months.