Foreign Representative Office & Yayasan
A foreign representative office and Yayasan have a common point that there are no share allocations, and a representative office in particular is unable to generate any revenue.
What are the requirements for a Foreign Representative Office in Bali?
- To start, you will need a suitable office (kantor) with a building permit (IMB).
- The office should be in the capital of the Province (such as Denpasar or Jakarta)
- Cost IDR 55 Million
What are the requirements for a Yayasan (Foundation) in Bali?
- To set up a Yayasan, you will need 5 persons on the board, which is the Founder, Chairman, Secretary, Treasurer and Supervisor.
- A Foundation can be either Foreign or Local (the capital investment for locals is IDR 10 million, and the investment for a Foreign Foundation IDR 100 million)
- Determine which type of Yayasan you fall under is important for licensing purposes. We will determine if the Yayasan should be for social, religion, or humanity.
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What is the setup time frame for a Foreign Representative Office in Bali?
A Representative office will take around 4-5 months to be incorporated.
What is the setup time frame for a Yayasan in Bali
The setup time frame for a Yayasan will vary. Social or Education board or Health Ministry approvals can take longer than other agencies. Generally it will take around 4-5 months.
What are the Capital Investment requirements for a Foreign Representative Office in Bali?
There is no capital investments for a Foreign Representative office.
What are the Capital Investment requirements for a Yayasan in Bali
The minimum investment required to start a local Yayasan is IDR 10 million, to sponsor a KITAS however you will be needing IDR 1 billion.
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