Establishment Requirements:

1. Company Name

- The name is not the same/similar to the name of the state institution,

government/international institutions, unless permission is obtained

- Does not consist of numbers/chains of numbers, letters/chains of letters

does not form words

- Minimum three syllables (in Indonesian)

2. Business Address/Domicile

- Certificate of Ownership of Business Place (PBB/Land Certificate/IMB, AJB),

- Lease Agreement Letter, and/

- Lending Agreement Letter for group companies/affiliates

3. Aims and Objectives of Business Activities

4. Composition of Management Shareholders, Directors & Board of Commissioners

a. Arrangement of Shareholders

b. Composition of the Board of Directors (term of office of the Board of Directors)

- President director :

- Director :

c. Composition of Commissioners (tenure of the Board of Commissioners)

- The main commissioner :

- Commissioner:

5. Have a Net Worth >Rp. 10,000,000,000,- and total investment > Rp.

10,000,000,000 (excluding land & buildings)

6. Business Capital/Company Initial Wealth

- Authorized capital :

- Issued and paid-up capital:

(Capital invested and paid up capital is at least IDR 2,500,000,000)

- Nominal value of each share:

7. Business Field (in accordance with OSS and KBLI 2020 provisions)

8. Negative Investment List (DNI) provisions

For open business sectors, share ownership is possible

100% foreigners

9. Photocopy of Identity of Shareholders, Directors and Board of Commissioners (E-

Validated KTP & NPWP, active and clear of Tax arrears &

Annual SPT of each Shareholder, Directors & Board

Commissioner)

10. Power of Attorney is legalized by the embassy of the country of origin

11. Letterhead & Stamp (when available)