Posts Tagged ‘Permanent Business License’

Establishing a Foreign-Owned Company in Indonesia: Dealing with the Challenging Procedures and Regulations

Establishing a Foreign-Owned Company in Indonesia

Despite the economic slowdown and the poverty rise in Indonesia, the demands on products are surprisingly increasing. In fact, according to the data of Central Statistics Agency (Badan Pusat Statistik/BPS), between 2014 and 2015, 1.1 million people in Indonesia have become poor. So, what makes the demands on products or purchasing power in Indonesia get…

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EXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?

EXPANSION-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…

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EXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?

EXPANSION-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…

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HOW TO PROPERLY CHANGE THE COMPANY ADDRESS

HOW-TO-PROPERLY-CHANGE-THE-COMPANY-ADDRESS

Moving to a new office brings out a set of tasks to get done: moving all the office equipment and furniture, informing the clients of the new address, and setting up the new office for the employees. However, there is also an important matter to address when changing the company address: properly adjust all corporate…

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BKPM Permanent Business License: Let’s Move to Commercial Phase

SMART Legal Consulting

It is a must to Foreign Investment Company (PMA Company) in Indonesia to secure Principle License from the Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”). However, getting the Principle License does not necessarily grant any permission for PMA Company to start commercial activities, because the Principle License only applies for preparation phase.…

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