Setting up a company in the form of a Perseroan Terbatas (PT) in Indonesia is an important step for many entrepreneurs. A PT provides the benefits of limited liability for shareholders and a more professional business structure. However, one of the main considerations before setting up a PT is the cost involved. The cost of establishing a PT can vary depending on several factors such as location, notary services, and type of business. This article will discuss in detail the cost of establishing a PT, from the procedure to the details of the costs that need to be prepared.

Understanding the cost of setting up a PT is essential for aspiring entrepreneurs to better plan their budget. Apart from costs, there are also legal and administrative aspects to consider. With the right information, you can minimise risks and ensure the process of setting up a PT goes smoothly. In this article, we will also provide tips and guidelines to help you manage the costs and process of setting up a PT effectively.

The Process of Establishing a PT in Indonesia

1. The Process of Establishing a PT in Indonesia

To make it easier for you in the PT establishment process, the initial steps that need to be prepared in the PT establishment process.

Filing the Limited Liability Company Name, The company name must be filed and approved by the Ministry of Law and Human Rights. This process involves:

• Checking name availability, The proposed company name must be unique and not already used by another company. This can be checked through the System for Administration of Legal Entities (SABH).
• Online name submission, The selected name is submitted through SABH for approval.

2. Preparation of Deed of Establishment

Once the company name is approved, the next step is the drafting of the deed of establishment by a notary. This deed of establishment will contain:

• The company's articles of association including the company's objectives, organisational structure, and operational rules.
• Data on founders and shareholders, this data will contain information on the founders and the number of shares owned.
• Authorised and issued capital, the authorised capital is the total paid-up capital, while the issued capital is the capital that has been paid up by the shareholders.
• Endorsement by the Ministry of Law and Human Rights, the deed of establishment is submitted to the Ministry of Law and Human Rights for official approval.

3. Preparation of a Company Domicile Certificate (SKDP)

The SKDP is a document that states the company's legal address. This process involves:

• Filing with the local urban village office, the SKDP is filed at the urban village that corresponds to the company's address.
• Document requirements, usually documents such as photocopies of the founder's KTP, NPWP, and deed of establishment are required.

4. Preparation of NPWP (Taxpayer Identification Number)

The NPWP is the tax identification number for the company. The process involves:

• Registration at the Tax Office (KPP), the application is made at the KPP in accordance with the domicile of the PT.
• Document requirements, required documents include photocopies of KTP, SKDP, and deed of establishment.

5. Preparation of the Company's Articles of Association

The company's articles of association are submitted to the Ministry of Law and Human Rights to obtain official authorisation. This includes:

• Drafting the articles of association, including the company's objectives, organisational structure, and operational rules.
• Submission to the Ministry of Law and Human Rights, the articles of association are submitted through a notary to obtain authorisation.

6. Applying for a SIUP (Surat Izin Usaha Perdagangan)

The SIUP is required for the legality of the company's trading activities. The process involves:

• Submission to the head of the industry and trade department or cooperative micro, small and medium enterprises and trade, SIUP is submitted at the office that corresponds to the domicile of the PT.
• Document requirements, required documents include photocopies of KTP, SKDP, NPWP, and deed of establishment.

7. Applying for a Company Registration Certificate (TDP)

TDP or Tanda Daftar Perusahaan is proof that your company has been officially registered. This process involves:

• Filing with the company registration office, the TDP is filed at the office that corresponds to the domicile of the PT.
• Document requirements, required documents include photocopies of KTP, SKDP, NPWP, deed of establishment, and SIUP.

8. Berita Acara Negara Republik Indonesia (BNRI)

Once all documents and permits are obtained, the final step is to announce the establishment of the PT in the State Gazette of the Republic of Indonesia. This aims to provide official information to the public about the existence of the company.

Costs Involved

1. Notary Fees

Notary plays an important role in the PT establishment process, especially in drafting the deed of establishment. The cost of notary services may vary depending on the notary chosen and the complexity of the company.

2. Company Name Filing Fee

Filing the company name with the Ministry of Law and Human Rights also costs money. This cost is relatively small but should still be factored into the budget.

3. Legal Entity Authorisation Fee

To get legalisation from the Ministry of Law and Human Rights, you need to pay some administrative costs. So there is a need to prepare for the cost of legalisation of legal entities.

4. NPWP and NIB Processing Fee

Although the cost of managing NPWP and NIB is relatively small, this process still requires attention and time. So you must still prepare funds and costs for NPWB and NIB management.

5. Consultation and Other Fees

In addition to the above fees, there are also consultation fees with a legal consultant or accountant if you need additional assistance in the PT establishment process.

Tips to Save the Cost of Establishing a PT

Using Consultant Services
Using a consultant to assist in the PT establishment process can be an efficient solution. Consultants usually have enough experience and knowledge to help you through the process faster and more precisely. Although there is an additional cost for consulting services, this cost can be offset by time efficiency and reduced risk of errors.

Choosing the Right Location
The location of the company also affects the cost of setting up a PT. Some areas may have lower administrative costs compared to others. In addition, a strategic location can help your business grow faster.

Manage Budget Well
Good budget planning is key in managing the cost of setting up a PT. Make sure you record all the costs needed and prepare a sufficient budget. Don't forget to consider additional costs that may arise during the establishment process.

Utilise Technology
Using technology to take care of some administrative aspects can help save time and money. Several online platforms offer cheaper and more efficient paperwork and administration services. Moreover, today's technology is very advanced and updated, so it will be very easy for you to access several online platforms.

Setting up a PT in Indonesia requires careful preparation, including proper cost calculations. By understanding the procedures and costs involved, you can better plan your budget and avoid unnecessary costs. If you need assistance in the process of establishing a PT, you can consider using the services of Kontrak Hukum. With professional services and extensive experience, Kontrak Hukum is ready to help you through every step of the PT establishment process easily and efficiently. Visit Kontrak Hukum for more information and free consultation.

Source: kontrakhukum.com