Foundation/ Yayasan

A Yayasan or Foundation is a legal entity in Indonesia that can be established by both Indonesian and foreign individuals or entities.

A Foundation is a non-profit organization that is established for a specific purpose, such as promoting education, social welfare, or environmental protection.

Here are some important points to note about establishing a Yayasan/Foundation in Indonesia as a foreigner:

1.Purpose: A Yayasan/Foundation is established to carry out a specific purpose, such as promoting education or social welfare. The purpose of the foundation must be in line with Indonesian laws and regulations.

2.Legal Status: A Yayasan/Foundation is a separate legal entity and has its own legal status in Indonesia. It can enter into contracts, own property, and engage in activities related to its purpose.

3.Board of Trustees: A Yayasan/Foundation must have a board of trustees that is responsible for overseeing the organization’s operations and ensuring that it complies with its purpose and regulations.

4.Funding: A Yayasan/Foundation can receive funding from both Indonesian and foreign sources. However, any donations or funding received from foreign sources may be subject to restrictions and regulations under Indonesian laws.

5 Taxation: A Yayasan/Foundation is subject to taxation in Indonesia, but it may be eligible for certain tax exemptions or incentives, depending on its activities and purpose.

In summary, establishing a Yayasan/Foundation in Indonesia can be a viable option for foreign individuals or entities looking to engage in non-profit activities in the country.

However, the process of establishing a foundation can be complex and may require the assistance of legal and regulatory experts to ensure compliance with Indonesian laws and regulations.