Posts Tagged ‘Foreign Company in Indonesia’
LEGAL STATUS OF A DIRECTOR IN INDONESIA
The position of a Director in a Company comes with the authority and responsibility to manage and lawfully represent the Company. Most of the time, people consider the Director as an employee, especially in regards to benefits and salaries payable to the Director. So, what is the legal status of the Director? Rights and duties…
Read MoreMINIMUM WAGE COMPLIANCE IN INDONESIA
The Indonesian Manpower Law stipulates the obligation of Employers to comply with local Minimum Wage regulations in determining the salary of their Employee. Learn more about the implementation of such laws and regulations. “Employers are prohibited from paying wages lower than the Minimum Wage (as determined by the Regional Government.)” –Article 90 (1) Law No.…
Read More3 THINGS YOU NEED TO KNOW ON FOREIGN INVESTMENT IN THE HOSPITALITY BUSINESS IN INDONESIA
Running a Hotel in Indonesia is one of its most lucrative business, especially with the country’s many tourist destinations. Learn more regarding the requirements of foreign investment in the Indonesian hotel business. “We’re not selling (Indonesian) islands, but they (foreign investors) can name them. (They) name it Yokohama, it’s up to them. The most important…
Read MoreMINIMUM PAID-UP CAPITAL TO ESTABLISH PMA COMPANY (PT PMA) IN INDONESIA
In order to establish PMA Companies in Indonesia, investors are required to deposit paid-up capital pursuant to the prevailing laws and regulations. Learn more regarding the minimum amount of paid-up capital required to set up PMA Companies, and how to deposit them. To directly invest in Indonesia in the form of PMA Company, foreign investors…
Read MoreFOREIGN 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…
Read MoreHow To Extend Your Principle Investment License
The process of starting a new foreign company in Indonesia starts with obtaining the Principle License or otherwise known as Izin Prinsip, which is the official approval from the Indonesian Government issued by Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) that yes, you are allowed to start your foreign company here in…
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