Is Stripe Available in Indonesia? (Account Opening Guide)

If you’re an entrepreneur or business owner in Indonesia looking to expand your online payment options, you may wonder if Stripe is available in your country.

Good news: Stripe is available in Indonesia but as an invite-only program with some strict requirements.

In this article, we’ll explore how Stripe works in Indonesia, the requirements to open a Stripe account in Indonesia, and the benefits of forming a US Limited Liability Company (LLC) for an Indonesian Stripe account.

Does Stripe Work in Indonesia?

If you are wondering whether Stripe works in Indonesia, the answer is yes, but with a caveat.

Stripe is currently available in Indonesia as an invite-only program. This means that businesses in Indonesia cannot simply sign up for a Stripe account. Instead, they must be invited by Stripe to participate in the program.

The availability of Stripe is a positive development for businesses in Indonesia. This means they can access a reliable and secure payment gateway that will help them expand their business and reach new customers.

However, it is important to note that not all businesses in Indonesia will be eligible for the invite-only program.

Stripe will likely be selective in its invitations, and businesses must meet certain criteria for consideration.

For information about Stripe registration for Indonesians, check out this list of requirements.

However, you can open a Stripe account in Indonesia without going through the invite-only program by following these steps:

1. Create/form an LLC in the United States (use Northwest).
2. Visit the Stripe website and create an account.
3. Enter your business information, including your name, address, and phone number.
4. Provide your EIN
5. Provide your tax ID and government-issued ID.
6. Verify your email address and phone number.
7. Add a bank account in Indonesia where Stripe supports processing payments (Use Wise or Mercury).
8. Start accepting payments.

Requirements To Open A Stripe Account In Indonesia For Your Business

If you are a business owner in Indonesia looking to use Stripe as your payment gateway, you must fulfill certain requirements to open a Stripe account.

Requirement	Where To Get It
US-based LLC	Register with a registered agent (Northwest)
EIN/Tax ID	Apply online through the IRS website
US business address	Use a virtual mailbox service or a registered agent
US-based phone number	Use virtual phone number service
US-based bank account	Open a physical bank account in the US

1. A Business Formation In The U.S (LLC)

To open a Stripe account in Indonesia, you must form a business entity in the United States, such as a Limited Liability Company (LLC). Stripe currently only supports businesses registered in supported countries like the U.S.

You can either handle this process directly or hire a registered agent.

Northwest Registered Agent is a reliable service that can assist you in setting up your LLC efficiently. They offer LLC formation services in all 50 states.

2. Obtaining An Employer Identification Number (EIN) Or Tax ID

You must obtain an Employer Identification Number (EIN) or Tax ID for your U.S. business entity. You can do this online, by mail, by fax, or through a registered agent.

You’ll need to provide information such as your LLC’s name, address, and the name and social security number of your LLC’s responsible party.

Using a third-party service like Northwest Registered Agent can swiftly get an EIN, typically within 24 hours.

3. A U.S. Business Address

To open a Stripe account, provide a U.S. business address. This address can be physical or virtual, provided by a third-party service.

Northwest Registered Agent provides a U.S. business address with mail forwarding and legal document handling services.

4. A U.S Phone Number

You must provide a U.S. phone number for your business entity. This number can be a virtual one or one provided by a third-party service.

You can use a virtual phone service like Skype and Dingtone to get a U.S. phone number. These platforms allow you to create a virtual U.S. phone number to receive SMS messages, making the verification process seamless.

5. A U.S Bank Account (To Be Linked To Stripe For Payouts)

Get a U.S. bank account linked to your Stripe account for payouts. This bank account should be in the name of your U.S. business entity.

You can use a virtual bank account service to get a U.S. bank account as a non-U.S. resident. Two reliable virtual bank account services that integrate smoothly with Stripe are Wise (formerly TransferWise) and Mercury.

Wise offers a borderless account and provides U.S. routing and account numbers, while Mercury offers a dedicated U.S. bank account that integrates smoothly with Stripe.

Related Post: Mercury Review Guide (My Personal Experience)

What’s the Best State to Form Your LLC as a Foreigner in Indonesia?

When forming an LLC as a foreigner in Indonesia, it is important to consider the state in which you will create your company.

Here are some of the best states to form your LLC as a foreigner in Indonesia:

Wyoming

Wyoming is great for foreign business owners due to its low taxes and business-friendly environment. The state has no corporate income tax, franchise tax, or personal income tax.

Additionally, Wyoming offers strong privacy protections for LLC owners, making it an attractive option for those looking to keep their personal information private.

Delaware

Delaware is another popular state for foreign business owners due to its well-established legal system and business-friendly environment. The state has a long history of corporate law and offers a specialized court system for business disputes.

Additionally, Delaware has no sales tax and no personal property tax, making it an attractive option for LLC owners.

New Mexico

New Mexico is a lesser-known option for foreign business owners, but it offers some advantages. The state has a low corporate income tax rate of 4.9% and offers a tax credit for businesses that create jobs.

Additionally, New Mexico has a streamlined LLC formation process, making it easy for foreign business owners to set up their companies quickly.

Steps On How To Form Your LLC & Open A Stripe Account

Here are the steps to form your LLC and open a Stripe account.

Step 1. Sign up For Northwest Registered Agent

The first step in forming your LLC is signing up with Northwest Registered Agent. Northwest Registered Agent is a company that will help you create your LLC and provide you with a registered agent, which is required by law.

You can sign up for their services on their website.

Go to https://www.northwestregisteredagent.com/

You’ll be directed to the page below. Click on the button – “LET’S GET YOU STARTED.”

Step 2. Choose Your Business Entity and State

Choosing your business entity and state is an important step in forming your LLC. You can choose from various business entities, including LLCs, corporations, and partnerships.

You’ll also need to select the state where you want to form your LLC. The state you choose and the processing time (Standard and Expedited) would determine the total amount.

For instance, below is that of Alabama ($334):

Here’s that of New Mexico ($98):

Step 3. Enter Your New/Existing Details

After you’ve chosen your business entity and state, you’ll need to enter your new or existing details. This includes your company name, address, and other relevant information.

You can choose the physical and mailing addresses you want for the business.

The good thing about Northwest Registered Agents is that they offer the convenience of using their address as your business address, eliminating the need for a separate US address for your company.

Similarly, you can use their mailing services if you lack a mailing address option. If you require physical documents, you can include a US mailing address.

Step 4. Enter The Management For Your LLC

Next, you’ll need to enter the management information for your LLC. This includes the names and addresses of your managers and their roles in the company.

If you’re the only one/single-man business, leave it at one member and enter your name.

Step 5. Fill in Your Contact Details

This is where you fill in your contact details.

These details will serve as your primary means of contact with Northwest. They can include your local Indonesian address, phone number, etc.

Step 6. Setup Your Account with Northwest Registered Agent

After entering all your information, set up your account with Northwest Registered Agent using your email and preferred password.

This will allow you to access their services and complete the following steps to form your LLC.

Step 7. Get Your Business Identity (optional)

You can toggle this on to add the Northwest Business Identity option for your LLC. It includes the following, free for 90 days:

• Domain name registration – 1 Free Year
• Website – hosted by us, owned by you
• Business email address
• Business phone

Step 8. Getting Your Tax ID or EIN – optional

If you want your LLC’s tax ID (EIN), you can do so through Northwest Registered Agent. They will help you complete and submit the necessary forms to the IRS and create a viable Stripe account.

You’ll need an EIN as a foreigner or non-resident.

It’s pretty easy (and cheaper) to get this without the help of registered agents, but it’s also great if you’d like to include it in your order!

However, Northwest Registered Agent will obtain your EIN or Tax ID for a fee of $200. This is particularly beneficial if you lack a Social Security Number (SSN) or are a foreign entity.

Step 9. Checkout (Congratulations!)

Once you’ve completed the previous steps, you can check and finalize your LLC formation. Enter your valid card information, then click Done! Congratulations—you’ve formed your LLC and are ready to open a Stripe account!

Finally, Create Your Stripe Account (With Your EIN & LLC Information)

Follow the step-by-step guide below to create your Stripe account and accept payments in USD.

Basic Requirements for Creating A Stripe Account

Before creating a Stripe account, you will need to have the following information ready:

• Business name (LLC)
• Email address
• Government-issued ID
• EIN

Creating a Stripe Account in Indonesia (Step-by-Step)

1. Go to the Stripe website/registration page (https://dashboard.stripe.com/register) and click the “Sign Up” button.
2. Enter your email address and create a password for your account.
3. Select Indonesia as the country where your business is located and enter your business name.
4. Enter your EIN in the Tax ID field.
5. Provide your personal information, including your name and government-issued ID.
6. Agree to the Stripe terms of service and click “Authorize access to this account”.
7. Verify your email address by clicking on the link in the email that Stripe sends you.
8. Provide additional information about your business, including your website and business type.
9. Connect your bank account to your Stripe account to receive payments.

Congratulations! You have successfully created your Stripe account and can now accept payments in USD.

Why You Should Choose Northwest Registered Agent for Your LLC Formation

If you’re planning to set up a Limited Liability Company (LLC) in the United States, there are many LLC formation services to choose from.

However, Northwest Registered Agent is a great pick for several reasons.

Transparent Pricing

Northwest offers affordable pricing for its LLC formation packages, with no hidden fees or upsells. This means you can be confident that you won’t be surprised by unexpected costs.

Allows You to Use One of Its Local Offices as Your Business Address

Northwest Registered Agent allows you to use one of its local offices as your business address. This is especially helpful if you don’t have a physical office or want to keep your home address private.

Northwest will receive your mail and forward it to you, so you don’t have to worry about missing important documents.

Free One-Year Registered Agent

You get a free one-year registered agent service when you form an LLC with Northwest Registered Agent.

This means that Northwest will act as your LLC’s registered agent, receiving legal documents and other important mail on your behalf.

Free Operating Agreement

Northwest Registered Agent also provides a free operating agreement when you form an LLC with them.

An operating agreement is a legal document that outlines your LLC’s ownership and operating procedures. It is essential for protecting your personal assets and ensuring the smooth running of your LLC.

Affordable Pricing

Northwest Registered Agent offers affordable pricing for its LLC formation packages. Depending on your needs and budget, you can choose from several different packages.

Northwest Registered Agent offers a low starting fee of $39, unlike other registered agents that charge over $1000.

Free Domain, Website, Email & Business Phone

Northwest Registered Agent offers a free domain, website, email, and business phone. This is a great perk for small business owners who are just starting and need a professional online presence.

Privacy by Default

Northwest Registered Agent offers privacy by default. This means your personal information is kept private and is not listed on public records.

What Are The Benefits Of Forming A US Limited Liability Company (LLC) For an Indonesian Stripe Account?

If you are an Indonesian entrepreneur looking to expand your business to the United States, forming a US Limited Liability Company (LLC) is a smart move.

Here are some of the benefits of forming a US LLC:

Limited Liability Protection

A US LLC is that it provides limited liability protection to its owners. Your assets, such as homes, cars, and bank accounts, are protected from business debts and obligations.

This is particularly important for Indonesian entrepreneurs who want to protect their assets while doing business in the United States.

Tax Benefits

Another benefit of forming a US LLC is that it offers tax flexibility.

By default, an LLC is a pass-through entity, which means that the business’s profits and losses are passed through to the owners and reported on their personal tax returns. This can result in lower taxes for the owners than other business structures.

Credibility and Professionalism

Forming a US LLC can add credibility and professionalism to your Indonesian Stripe account.

A US-based business entity can facilitate business with US-based customers and partners and help establish trust and legitimacy with potential customers and investors.

Easier Access to Funding

Forming a US LLC makes accessing funding from US-based investors and lenders easier.

Many investors and lenders prefer to work with US-based companies, and having a US LLC can make your business more attractive to them.

Frequently Asked Questions

Is Stripe available in Indonesia?

Yes, Stripe is available in Indonesia. However, it is important to note that Stripe is currently supported in less than 50 countries, and Indonesia is one of them.

How can one register for a Stripe account in Indonesia?

To register for a Stripe account in Indonesia, register your interest here: https://stripe.com/global and wait for Stripe to invite you. A better alternative is to form a U.S. LLC, obtain an EIN, and proceed to create your Stripe account.

What are some alternatives to Stripe for payment processing in Indonesia?

While Stripe is a popular payment processing platform, other alternatives available in Indonesia include DOKU, Midtrans, and Xendit.

Can Indonesian individuals or businesses open a Stripe account?

Yes, both individuals and businesses in Indonesia can open a Stripe account. However, businesses must provide additional documentation, such as their business registration and tax ID number.

Are there any specific restrictions or limitations on using Stripe in Indonesia?

If you’re using Stripe in Indonesia, review their terms of service. Consider consulting legal or financial professionals for precise guidance on complying with relevant restrictions or limitations.

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