Starting a Business in Indonesia as a Foreigner: What Actually Works

TL;DR

**## The Legal Framework

Foreigners cannot own shares in a standard Indonesian limited liability company (PT). The vehicle available to them is the P

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The Facts

The Legal Framework

Foreigners cannot own shares in a standard Indonesian limited liability company (PT). The vehicle available to them is the PT PMA — Penanaman Modal Asing, or Foreign-Owned Limited Liability Company. This structure is regulated by the Investment Coordinating Board (BKPM, now rebranded as BKPM under the Ministry of Investment) and requires registration through the OSS (Online Single Submission) platform at oss.go.id.

The Positive Investment List

The key re

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Next Steps

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