Posts Tagged ‘divestment obligation’

FOREIGN COMPANY OBLIGATION ON DIVESTMENT

DIVESTMENT-OBLIGATION-FOR-FOREIGN-INVESTMENT-COMPANY-PT-PMA-IN-INDONESIA

Divestment is the releasement, exemption or reduction of shares, which is an obligation for Foreign Direct Investment (Penanaman Modal Asing/PMA) Company who owned 100% shares in the company to gradually shift its share to Indonesian participant(s) (both individual or legal entity) within within 15 year subsequent to its first production through direct ownership or domestic…

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