Establishing a Company: Practical Steps from Name to NIB

Decide the structure before preparing documents

Decide the entity form, shareholders, activities, capital, officers and address. For a PT with foreign investment, also review business-sector and investment rules. Individual companies for micro and small businesses follow a specific procedure and should not be treated as capital partnership PTs.

Sequence for a capital partnership PT

• Check and apply for the name, then agree shareholding, officers, address and business purposes.
• Prepare the establishment deed through a notary and process legal entity approval through AHU.
• Complete tax administration, OSS data and NIB, then check further requirements before operations.

Capital does not have one universal benchmark

Authorised, issued and paid-up capital and investment value are not interchangeable concepts. Government Regulation No. 8 of 2021 governs company capital and companies meeting micro and small business criteria. Sector-specific and foreign investment requirements still need separate review. Do not rely on capital figures in older articles without checking applicable rules.

Core documents and location checks

Prepare identification, tax documents, corporate founder records where relevant, shareholding and evidence of address use. Align activities with KBLI and site conditions. A domicile letter or other local document should not be treated as universally required without checking the relevant process and local rules.

After the NIB is issued

Check Standard Certificate or licence status according to risk, basic requirements and relevant sector approvals. Establish a company bank account and bookkeeping system, then create a tax, reporting and licence-maintenance calendar. Bring the business plan and issued documents to a consultation so remaining gaps can be identified.