Jun 116 min read

The Costs Involved in Establishing a Limited Liability Company (PT): Calculations and Estimates

Industri Pariwisata - The costs involved in establishing a Limited Liability Company (PT). Establishing a PT is a significant step for many entrepreneurs looking to enhance the credibility and professionalism of their business. However, many are hesitant to start due to concerns about the costs involved. This article will provide a comprehensive guide on the calculations and estimates of the costs to establish a PT in Indonesia, as well as tips on optimizing these costs.

Essential Requirements and Documents for Establishing a PT

Before we discuss costs, it is essential to understand the requirements and documents needed to establish a PT. Some key requirements include:

Name of PT: The proposed name must not be the same as any existing PT.
Address of PT: Must have a clear domicile address.
Organizational Structure: Must have at least two founders, consisting of one director and one commissioner.
Authorized Capital and Paid-in Capital: Minimum authorized capital is Rp50 million, with at least 25% of the authorized capital must be paid in.

The essential documents that need to be prepared include:

Photocopy of the founders' ID and Taxpayer Identification Number (NPWP)
Photocopy of Family Card (KK) of the director and commissioner
Domicile certificate of the company
Deed of establishment certified by a notary
Domicile certificate from the local sub-district
Business License (SIUP) and Company Registration Certificate (TDP)

Procedures and Steps to Establish a PT

Once all the documents are ready, the steps to establish a PT are:

PT Name Reservation: Reserve the PT name through the online General Legal Administration (AHU) system.
Deed of Establishment: This deed must be made by a notary and include information about the founders, capital, and organizational structure of the PT.
Ministerial Decree Submission: After the deed is created, the notary will submit a Ministerial Decree (SK) of the Minister of Law and Human Rights for legal entity endorsement of the PT.
NPWP and SKT Processing: Obtain the Taxpayer Identification Number (NPWP) and Registered Certificate (SKT) from the Tax Office.
NIB Creation: Obtain the Business Identification Number (NIB) through the Online Single Submission (OSS) system.
Business License Processing: Obtain the Trading Business License (SIUP) and Company Registration Certificate (TDP).

The costs involved in establishing a Limited Liability Company: Calculations and Estimates

After understanding the procedure for establishing a PT, it’s time to discuss the costs involved. Here is a breakdown of the costs that need to be prepared:

Notary Fees: The creation of the deed of establishment and processing of the Ministerial Decree require notary services. Notary fees range from Rp5 million to Rp20 million, depending on the complexity and location.
Name Reservation Fee: Reserving the PT name through the AHU online system costs approximately Rp200 thousand.
Ministerial Decree Fee: The processing of the Ministerial Decree (SK) costs around Rp1 million.
NIB and Business License Processing Fee: The NIB processing through OSS is generally free, but for SIUP and TDP, the fees vary depending on the type of business and location, ranging from Rp1 million to Rp5 million.
Miscellaneous Fees: Including photocopying, document legalization, and domicile certificate processing from the sub-district, which is estimated to be around Rp500 thousand to Rp1 million.

The estimated total costs needed to establish a PT are as follows:

Notary Fees: Rp5 million – Rp20 million
Name Reservation Fee: Rp200 thousand
Ministerial Decree Fee: Rp1 million
NIB and Business License Processing Fee: Rp1 million – Rp5 million
Miscellaneous Fees: Rp500 thousand – Rp1 million

The total estimated costs required are approximately Rp7.7 million to Rp27.2 million.

Tips for Saving Costs in Establishing a PT

To optimize the costs of establishing a PT, there are several tips that can be followed:

Choose a Notary with Affordable Fees: Conduct a survey and compare notary service fees. Choose a notary who offers competitive fees but still provides quality service.
Utilize OSS Services: By using the Online Single Submission (OSS) service, you can save on business license processing costs.
Self-Processing: Some procedures, such as PT name reservation and NIB processing, can be done independently without a third party.
Prepare Documents Completely: Ensure all required documents are prepared completely to avoid additional costs due to errors or omissions.
Consult with Professionals: Consult with business consultants or legal advisors to get the right guidance and avoid mistakes that could add to costs.

Establishing a PT indeed requires considerable costs, but with proper planning and management, these costs can be optimized. By understanding the steps and cost estimates required, you can prepare everything more thoroughly. Additionally, following cost-saving tips will help you manage the budget more efficiently. Establishing a PT is a long-term investment that will bring significant benefits to your business development.

The Importance of Establishing a PT for Your Business

After knowing the cost details and procedures for establishing a PT, you might wonder if all this effort is worth the benefits that will be gained. Here are some reasons why establishing a PT is essential for your business:

1. Legal Protection

By establishing a PT, you as a business owner will get better legal protection. A PT is a separate legal entity from its owners, so the legal liability for business losses is limited to the paid-in capital. This means your personal assets will be safe from any legal claims that may arise from the business.

2. Ease of Obtaining Capital

PTs have a clearer and more formal structure compared to other business entities such as CV. This makes it easier for you to gain trust from investors and financial institutions. A PT can also issue shares as a way to attract additional investment.

3. Professionalism and Credibility

Having a PT can enhance your business image in the eyes of clients, partners, and customers. A PT is considered more professional and credible compared to other business entities. This can help you win more business contracts and profitable collaborations.

4. Business Continuity

PTs have a more sustainable nature. If one of the founders passes away or resigns, the business can continue without disruption. This is different from a sole proprietorship or CV that heavily relies on the owner's existence.

Next Steps After Establishing a PT

After successfully establishing a PT, there are several subsequent steps that need to be taken to ensure your business runs smoothly and complies with applicable laws:

1. Processing Additional Licenses

Depending on your type of business, there may be additional licenses that need to be processed. For example, if you run a business in the food and beverage sector, you may need to process a distribution permit from the Food and Drug Supervisory Agency (BPOM).

2. Opening a Company Bank Account

Opening a bank account in the name of the PT is essential to separate personal and business finances. This will also make it easier for you to manage company finances and conduct business transactions.

3. Tax Reporting

As a legal entity, a PT is required to report taxes annually. Make sure you understand the company's tax obligations and always report taxes on time to avoid penalties.

4. Hiring Employees

If you plan to hire employees, ensure you comply with applicable labor laws. This includes providing wages in accordance with the regional minimum wage (UMR), offering appropriate benefits, and ensuring a safe and healthy work environment.

5. Good Financial Management

Good financial management is crucial to the success of your PT. Make sure you have an organized accounting system, record all transactions properly, and conduct regular internal audits.

Establishing a PT indeed requires time, effort, and considerable costs, but the long-term benefits are worth the investment. With a PT, you get better legal protection, ease of obtaining capital, enhanced credibility, and more guaranteed business continuity.

This article has provided a comprehensive guide on the costs required to establish a PT, from the necessary requirements and documents, steps in the procedure, to tips on saving costs. With this information, it is hoped that you can prepare everything more thoroughly and run your business with greater confidence.

Hopefully, this article is useful and helps you realize the dream of having a legally official company. Happy establishing your PT and much success to your business!

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