Posts Tagged ‘BUJKA’
OBLIGATION TO MAINTAIN CORPORATE CERTIFICATE (SBU/SERTIFIKAT BADAN USAHA) FOR FOREIGN CONSTRUCTION SERVICE BUSINESS ENTITY (BUJKA)
Indonesia is the largest construction market in ASEAN, which makes it interesting for the foreign construction service business player to enter Indonesian market. The construction sector has become one of the government’s priorities to enhance the domestic economic growth. This matter is in line with the Masterplan for Acceleration and Expansion of Indonesia’s Economic Development…
Read MoreIMPORTANT! LANGUAGE REQUIREMENT IN CONSTRUCTION WORK CONTRACT WITH FOREIGN PARTIES
To address the challenges of the expanding Indonesian market in construction services as well as its dynamic development, the Indonesian Government has issued Law No. 2 Year 2017 on Construction Services ("UUJK 2017") on 12th January 2017. CONSTRUCTION SERVICES PROVIDED BY FOREIGN PARTIES One of the new provisions set in UUJK 2017 is the development…
Read More3 (THREE) THINGS YOU SHOULD KNOW ABOUT THE REPRESENTATIVE OFFICE OF FOREIGN CONSTRUCTION SERVICES COMPANY (BUJKA)
We understand that Representative Offices of Foreign Construction Services Company (BUJKA), means a business entity established by law and domiciled in a foreign country, which has a representative office in Indonesia, and is equivalent to a legal entity of Limited Liability Company which is engaged in construction services (Article 1 paragraph (3) Regulation of Head…
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