Posts Tagged ‘Indonesia Investment Coordinating Board’
How to Setting Up Representative Office in Indonesia
For some reasons, setting up a representative office in Indonesia is more of a plausible solution to provide foreign companies with a support system in Indonesia. This way, the company can conduct a market research, identify the potential local partners, offer post-sale service, and become acquainted with Indonesia’s business climate without having to actually engage in…
Read MoreCONTRACT/AGREEMENT IN ACADEMIC DRAFT AND BILL OF INDONESIAN PRIVATE INTERNATIONAL LAW
“a comparison with article 16, 17, and article 18 of algmeene bepalingen van wetgeving voor nederlands indie (ab) staatsblad 1847 no 23 of 1847” If we look at the capital investment dispute between the Government of Indonesia c.q. Indonesia Investment Coordinating Board (BKPM) against Amco Asia and Amco Indonesia during 1980, in which the main…
Read MoreEXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?
When planning to expand a PMA Company, one of the most important things is to determine whether such expansion is classified as a diversification of business, or as an expansion of business which must be followed by an expansion of investment. Since the minimum investment for PMA Company must be above IDR 10 billion, it…
Read MoreEXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?
When planning to expand a PMA Company, one of the most important things is to determine whether such expansion is classified as a diversification of business, or as an expansion of business which must be followed by an expansion of investment. Since the minimum investment for PMA Company must be above IDR 10 billion, it…
Read MoreINCREASE 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…
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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