Thread: How much money you need to open a PMA, PT or CV

Originally Posted by nikita7

Please lets clarify how much money you need to open a PMA, PT or CV.

Maybe it would be nice to think that there is a simple black and white answer to this question.

Roy, Mimpi, and all of forum mates HI from russian guy!

You are reviving a thread for 2006. Roy has long gone. Mimpi has gone more recently. But some forum mates remain. Anyhow, great to hear from a Russion Guy.

hi nikita,

just done with my own pma, i can answer some questions but it´s a long and tiring process (but there are always alternatives f.e. with the guaranteed 100.000 or 150.000 $ investment money in the beginning (if you know what i mean)

The best would be a relaxed consultation with a good lawyer (for free)

I know one / just contact me if you want

the 6000 $ is probably the official investment money for a PT for the local indonesian...

Foreigners can´t have a PT, they need a foreign investment company PMA - and for that you need officially 100 - 150 k proved investment money (like a copy of the bank account)

bUt as always in indonesia there are many ways....for opening a PMA you should not pay more than 50-55 million, contact f.e. Highway Bali (they did mine) or Bali Ide. Or just google, lots of adv and disadv here and there, as described in the other post, CV ist just a small business (no KITAS for a bule an if yes just with "protection" or you did it loong time ago and you have your KITAP and that´s it than), PT is for locals (you can "officially" get hired by your own company but it´s risky bro if the PT suceed you´re probably out) or PMA (you´re officially the man, all in your name, Tax department likes you very much as well)

Originally Posted by sakumabali

hi nikita,

just done with my own pma, i can answer some questions but it´s a long and tiring process (but there are always alternatives f.e. with the guaranteed 100.000 or 150.000 $ investment money in the beginning (if you know what i mean)

The best would be a relaxed consultation with a good lawyer (for free)

I know one / just contact me if you want

sure but i am not able to write messages yet, didnt get 10 written posts so far.
A free consultance is the best way i guess people like those who live in northern bali wont punish me for my normal questions.

you can pm me i hope with contacts and coordinates of the lawyer. by the way what is your business there? i will be staying in the south of bali, hope the lawyer stays around this area!

thnx my friend! i want my biz to be legal and without risk of being stolen by nominee and others.

Best regards, NIKITA.

Yes and the trend is also growing up! Most people come in may, july, aug, sept, dec-jan.

as far the economy grows, there is a trend on luxury type of vocations.

Turkey, Egypt and so on for many russians are like traveling to their dachas. It is too usual for them. They want smth unusual, they want discoveries.. Thats way thai, indo has recently become attractive. But still there are many of them who travel fifth time to egypt to the same hotel.

Well, Marc, and if you own a golf club for example you will be competing with international companies which is even worse. But finding a niche like mini golf will do))
But you know what. You should not be afraid of copying, you should be afraid of players who are already in this game. newcomers are no fear, they do not have money to compete, reputation, loyalty and so on. Big players is the only thread. Therefore you have to find a niche that is not captured by biggies because they focus on something more global. For example mini golf. Golf is popular in bali because of its respectfulness and huge green areas and mini golf is not. The other way to compete is to create some kind of innovation to your biz. That will do also.

I guess you were right when you were saying that without trusty relationships a successful biz will not live. But as an investor i want to be sure and be document supported that all that i rented, built, organized relates to me and that i am the owner even if the company and the documents are written on nominee's name. Is that possible? i guess this thing is possible when you will make up a company document. But what about the land that is being rented? For example i rented for 3 years land and have built a golf course. After the renting document is over the owner will say thanks for building a golf here, i have no further interest in selling you this land. THAT IS POSSIBLE. HOW to struggle??any ideas??

_______________________________________
MY PM TO MARC

wow, great, Marc!

Thanx for the connect, my regards to you! Definitely i will meet him when i come to Bali!

How long have you been living in Bali?
You did a great job! Hope i can make it one day like you there!

May i ask a question? Did you use your own savings and risking mostly everything you had when you decided to move to Bali and open a pma and starting developing this business ?

Once again thank you, mate!
__________________________________________________ _______________________

Originally Posted by sakumabali

the 6000 $ is probably the official investment money for a PT for the local indonesian...

Foreigners can´t have a PT, they need a foreign investment company PMA - and for that you need officially 100 - 150 k proved investment money (like a copy of the bank account)

bUt as always in indonesia there are many ways....for opening a PMA you should not pay more than 50-55 million, contact f.e. Highway Bali (they did mine) or Bali Ide. Or just google, lots of adv and disadv here and there, as described in the other post, CV ist just a small business (no KITAS for a bule an if yes just with "protection" or you did it loong time ago and you have your KITAP and that´s it than), PT is for locals (you can "officially" get hired by your own company but it´s risky bro if the PT suceed you´re probably out) or PMA (you´re officially the man, all in your name, Tax department likes you very much as well)

Sorry NIKITA7 for hijacking your post. I would like to know more on the regulations and requirements to start a business and the consequences of having the business under my name as compared to having one under a local name.

Does anyone know how bad is the corruption over there? for example, do they come collect "fees" every mth? whats the usual "fees" (20-30% of the profit)?

I hope someone with experience could help clear my doubts. Cheers

it s OK, Kwong. But i still look forward that someone anwers one qustion i posted:
But what about the land that is being rented? For example i rented for 3 years land and have built a golf course. After the renting document is over the owner will say thanks for building a golf here, i have no further interest in renting you this land. THAT IS POSSIBLE. HOW to struggle??