Singaporean Company
Pte. Ltd
Facts
- Fast, easy: Done within a week
- Capital from 1000$Sgd
- Minimum 1 shareholder required
- Safe, legal
- First step to Singaporean Nationality/Permanent Resident and its health/education advantages
- Accumulating assets outside of Indonesia
- Cost to maintain/establish the company alive same than in Indonesia
- Can own shares in Indonesian Company.
- Cannot purchase freehold lands
- Can open bank accounts from abroad
- Cannot sponsor stay permit in Indonesia
- Cannot purchase freehold lands
- Best option for expats not really based in Indonesia
- Best for nomads and online services
- Best to accept all kind of online payments/services
Indonesian Company
Pt. PMA
Facts
- Takes more than a month
- Capital is huge, 10.000.000.000Idr but only 25% have to be invested and within an undetermined period of time...
- Minimum two shareholders required
- Law system is not 100% clear
- Sponsor stay permit in Indonesia (Work/Investor and family)
- Accumulating assets in Indonesia
- Cost to maintain/establish the company alive same than in Singapore
- Only solutions to get liscences for retail/hospitality businesses
- Can purchase freehold lands
- Cannot open bank accounts from abroad
- Can sponsor work permits for any foreigners
- Can purchase freehold lands
- Best for expats established for long term in Indonesia.
- Best for retail businesses and investments in Indonesia
- Payment services in Indonesia, even online do not work with international credit cards
Incorporation (One Time Fee)
| Singapore | Indonesia | |
|---|---|---|
| Establish the company | 2190$usd | 34Mil Rp |
| Secratary | required and included | --- |
| Nominee Director | included for a few months until the EP is ready | --- |
| Registration Address Director | Included | --- |
| Stay Permit | (Employment Pass 1year): Included | Investor Kitas 2 years: 1220$usd |
| Employment Pass card issuance Fee | 390$ | --- |
| Transfer Nominee Director to EP holder | 290$ | --- |
| Total | 2870$ (Approx 41Mil) | 47Mil |
Maintaining Fees (yearly)
| Singapore | Indonesia | |
|---|---|---|
| Company Secretary | 290$ | --- |
| Registered Address | 350$ | Virtual office (option): 10Mil Rp |
| Monthly Declarations | --- | 3.5Mil Rp |
| Compilation Financial Statement | 350$ | --- |
| Tax computation and filling of form C | 290$ | --- |
| Book Keeping (Transaction Less than 100 entries per annum) | 350$ | from 5Mil |
| Total | 1630$ (Approx 23Mil) | 23/33Mil |
