Establishing a Limited Liability Company (PT) is a crucial step in starting a business. Below is a step-by-step guide to setting up a PT along with its procedures and requirements:
Also read: Definition of PT (Limited Liability Company), Types, Advantages
Requirements for Establishing a PT
Before initiating the PT establishment process, there are several requirements that need to be fulfilled, including:
- Minimum of Two Founders: A PT must be founded by at least two founders who can become shareholders.
- Minimum Capital: A PT must have minimum capital as per the applicable regulations.
- Company Name: Having a unique company name that has not been used by other companies.
- Office Address: Providing a clear and verifiable office address.
- Founder’s ID Card (KTP): Attaching copies of the founder’s and shareholders’ ID cards.
- Power of Attorney: If using consultancy services, a valid power of attorney is required.
Also read: Individual PT Company Tax: Guide for Independent Entrepreneurs
Procedures and Steps to Establish a PT
Below are the steps to be followed in the process of establishing a PT:
- Submission of PT Name Application
- Submit an application for using the company name to the Ministry of Law and Human Rights (Kemenkumham).
- Ensure that the proposed name has not been used by other companies.
- Preparation of PT Establishment Deed
- Prepare and make the PT establishment deed signed before a notary.
- This deed contains information about the company name, purpose, authorized capital, management structure, etc.
- Issuance of SKDP (Domicile Letter)
- Apply for SKDP to the Local Office of Investment and Integrated Services (DPMPTSP).
- SKDP is used as proof of company domicile.
- Obtaining NPWP (Taxpayer Identification Number)
- Apply for NPWP to the Local Tax Service Office (KPP).
- NPWP is required for administrative and tax purposes.
- Preparation of Company Articles of Association
- Prepare the company’s articles of association covering organizational structure, rights and obligations of shareholders, and decision-making mechanisms.
- Issuance of Business Identification Number (NIB)
- Apply for NIB to the Investment Coordinating Board (BKPM) or Local Integrated Service Office (KPT).
- NIB is the official identity of the company for business activities.
- Application for Trading Business License (SIUP)
- Process SIUP application with the Local Industry and Trade Office.
- SIUP is required for trading activities.
- Application for Company Registration Certificate (TDP)
- Apply for TDP to the Local Company Registration Service Office (KP3).
- TDP is used as proof of company registration in the local area.
- Republic of Indonesia Land Deed (BNRI)
- Prepare the Republic of Indonesia Land Deed (BNRI) before a notary to be recorded at the local Land Registration Office.
Also read: Differences Between Open and Closed Limited Liability Companies (PT)
By following the above steps and fulfilling all specified requirements, you can successfully establish a PT and start your business journey legally and in compliance with applicable laws.
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