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Insvestment
Prospect in Central Java
As
other regions in Indonesia, Central Java offers interesting
investment profit. It is an area far from manpower problems. With the
population people, living and well-adapted to the change and
development, it is very potential for market and manpower target.
Following the open-door economic policy for foreign investor, with
investment climate protecting the investor. Heaving lots of natural
resource potentials which have not been explored. Located in the
intercontinental international traffic way.
Forming a Limited Company/Incorporated Company
Limited company is a corporate body since Minister Decree (on Justice
& Human Right section) about ratification of Limited Company
issued. Before requesting a ratification/confirmation as corporate
body, a name for the company, should be submited first To
receive a ratification/confirmation of limited company as a corporate
body, we must submit an application electronically to the Minister
through the administration of corporate body information technology
services. Name submission and application for ratification can be done by founder by giving the authority to a Notary.
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1.
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Application for
corporate body ratification must be submitted at least 60 (sixty) days
since the signing of founding certificate. If later than that,
the founding certificate consider as canceled and the company is
dismissed/dispersed by law, and the settlement must be done by founder. |
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2.
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Approval or rejection of
application for ratification will be responded electronically by the
Minister inclusive the reason directly to the applicant. |
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3.
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In 30 (thirty) days after
the date of the electronic approval, applicant must physically submit
an application letter with all the supporting documents. Failing
to fulfill this, will cause the electronic approval cancelled and
applicant must re-apply. |
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4.
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After completion of all the
requirements, by the latest of 14 (fourteen) days, the Minister will
issue a decree about the ratification of the limited company as a
corporate body and signed electronically. |
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Company Domicile.
Company
domicile letter is as a legal proof of company location either the
place is rent or owned. Company domicile letter is issued by KIW and
acknowledged by the local village chief (lurah) and subdistrict head
(camat)
Nomor Pokok Wajib Pajak (NPWP)
NPWP must be made once the
company/corporate body is formed. This is one of the requirement
to be fullfilled upon requesting the ratification of Founding Decree by
the Minister (Justice and Human Right section). NPWP can be applied at
the local taxation office.
PKP (pengusaha kena pajak) is a person or corporate in any form
who have activities in producing, importing, exporting and trading.
Goods/Commodities Tax Imposition (BKP).
Affirmation
of PKP is to have a permit to make a Tax Invoice as a proof of Input
Tax for buyer and Outgoing (sale) Tax for the seller, therefore the PKP
can move the tax he paid on purchasing the BKP to other party because
PPN is an indirect tax to be borne by the third party (consumer).
Trading Company Permit Letter (SIUP).
Refer to the decree of
the Minister of Industrial & Trading no. 591 IMPIP/Kep/11
011999 about regulations and customs of issuing a Trading Company
Permit Letter, it categorized in 3 kind of permits: SIUP small
with deposited capital up to Rp. 200 million excluding land and
buliding. |
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