Doing Business In Indonesia(Company Formation)
EXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?
When planning to expand a PMA Company, one of the most important things is to determine whether such expansion is classified as a diversification of business, or as an expansion of business which must be followed by an expansion of investment. Since the minimum investment for PMA Company must be above IDR 10 billion, it…
Read MoreTYPES OF DOCUMENTS TO BE PREPARED IN ESTABLISHING COMPANY IN INDONESIA
Probably, these are common queries from an entrepreneur who will start a new business: What are the required documents to register the Company? What are mandatory documents needed to be fulfilled? What documents should be obtained in regards to establish a company? Before we describe what the documents needed, hereby we inform you the following…
Read MoreTHE DIFFERENCES BETWEEN DEED OF ESTABLISHMENT AND MEMORANDUM & ARTICLE OF ASSOCIATION
Every Company in Indonesia requires having Deed of Establishment (“DOE”) and Approval from Minister Law & Human Rights. DOE’s is made by the founders of Company in front of Public Notary which made in Bahasa Indonesia. In the process of DOE, Founder can be represented by other persons by giving a power of attorney. The…
Read MoreTHE INSPECTION MECHANISM OF THE PARENT COMPANY TO ITS SUBSIDIARY
A Parent Company may not casually conduct an inspection to its Subsidiary. Such inspection to a company has its own mechanism under the Limited Liability Company Law year 2007, in which Article 138 Paragraph 1 of the Law Number 40 of 2007 (hereinafter shall be referred to as the “Company Law 2007”) regulates an inspection…
Read MoreHOW TO PROTECT YOUR ONLINE PLATFORMS AND E-COMMERCE MERCHANTS BUSINESS IN INDONESIA
Online business has been getting increasingly popular in Indonesia, which sees both multinational companies and large retailers as well as personal entrepreneurs using the online more and more. A part of this trend is due to the easiness offered in online shopping, and also the internet network getting more affordable and attainable for the general…
Read MoreCHANGE OF STATUS OF DOMESTIC INVESTMENT COMPANY (PENANAMAN MODAL DALAM NEGERI/PMDN) INTO FOREIGN DIRECT INVESTMENT COMPANY (PENANAMAN MODAL ASING/PMA) IN SALES AND PURCHASE OF SHARES
A transaction of transfer of shares by sales and purchase of shares between a Foreign Nationals and/or foreign legal entity with a limited liability company where all of its shares were owned by Indonesian Citizens or it is bearing a status of Domestic Investment Company (PMDN), will raise a question whether such sales and purchase…
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