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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