PMDN stands for “Penanaman Modal Dalam Negeri,” which translates to “Domestic Investment” in English.
It refers to investments made within Indonesia by domestic investors, which include Indonesian individuals, companies, or the government.
The focus of PMDN is on promoting local economic development and contributing to the growth of domestic industries.
Required Documents
Fill in Bali Visa Application Form -Complete the necessary form to apply for a visa to Bali. This is required for entering Indonesia for business purposes.
Choose a Company Name -Provide three different options for your company’s name, as your first choice might be already taken. Example names could be: Bali Bliss Enterprises, Island Innovations Ltd, and Tropical Ventures Co. -Choose a business address in Bali, which will be used for official and legal purposes.
Select Business Purpose/Category -Decide on the main activity or sector of your business, like tourism, technology, or trade.
Choose Shareholders and Share Allocations -Identify who will be the shareholders of your company. Determine the percentage of the company each shareholder will own, which indicates their stake in the business.
Execute Company Deed of Establishment with a Notary -Draft and sign a legal document called the company deed of establishment, which outlines your business’s structure. This must be done in front of a notary for legal validation.
Provide Scans of Shareholders’ Passport Pages in PDF -Submit color scans of the identity and signature pages from each shareholder’s passport. For the submission, you are required to provide scans in PDF format. Photographs are not permitted.
Application Processing Time
Generally two or three weeks, but the Indonesian government OSS system has frequent errors and can take a month or more.
Visa Fees and Processing Time
Not Included in the Price:
Regional Tax Registration (NPWPD): IDR 1,000,000.
Personal Tax Registration per Shareholder (NPWP): IDR 1,000,000 each.