Expatriate Matters

INCREASE OF PAID-UP CAPITAL FOR PMA COMPANY

INCREASE-OF-PAID-UP-CAPITAL-FOR-PMA-COMPANY

With the growth of the business, and the financial requirement of the Company, General Meeting of Shareholders (“GMS”) can decide to increase the paid-up capital of a Company, to increase the equity and value of the Company itself. The process to increase the paid-up capital includes several steps, especially if the Company is a foreign…

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CAN AN EXPATRIATE ACT AS THE DIRECTOR IN A PMA COMPANY?

CAN-A-FOREIGN-EXPATRIATE-ACT-AS-THE-DIRECTOR-IN-A-PMA-COMPANY

Can expatriates be appointed as a Director in a PMA Company? Learn more regarding the eligibility of the Director position and the applicable limitations for foreign expatriates. “A Foreigner can be a Director of Foreign Direct Investment Company as long as he is not the Director in charge of Human Resources.” FOREIGN DIRECTORSHIP IN PMA…

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FOREIGN OWNERSHIP LIMITATION IN FOREIGN COMPANY ESTABLISHED IN INDONESIA

FOREIGN-OWNERSHIP-LIMITATION-IN-FOREIGN-COMPANY-ESTABLISHED-IN-INDONESIA

Foreign investors are allowed to set up their company in Indonesia in the form of PMA Company. Learn more regarding how much ownership foreign investors are allowed to have in the PMA Company, and the requirements for such ownership. FOREIGN INVESTMENT IN INDONESIA Pursuant to the Article 1 Paragraph 3 of Law No. 25 of…

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Procedure To Apply For Single Entry Business Visa In Indonesia

SMART Legal Consulting

“Please note that Single Entry Business Visa will be automatically revoked once the visa holder has left or departed from Indonesian territory, even when validity period have not expired yet.” Visit Visa is provided for foreigners who want to attend Indonesia for official governmental travel, education, social culture, tourism, business activity, family, journalism or transit…

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Income Taxes For Individual Expatriates

The prevailing taxation law in Indonesia that regulates Income Tax through Law No. 36 of 2008 concerning the Fourth Amendment of Law No. 7 of 1983 on Income Tax (“Income Tax Law”). Income Tax Law applies to all who is classified as Tax Subjects, including individual Expatriates doing business in Indonesia, whether he/she is a…

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Indonesia Ready For More Foreign Investors

Continuing the previous economic policy package, Indonesian Government has announced its latest effort to draw more investment to South Asia’s largest economy by opening dozens of business sectors in Indonesia to full and partial foreign ownership through  Economic Policy Package X (Paket Kebijakan Ekonomi Jilid X).  As per press release dated February 11, 2016 from…

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