Posts Tagged ‘Principle License’
How 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…
Read MoreIndonesia Allows 100% Foreign Shareholding in Restaurants, Cafes, Film Production Business Sectors
After several months of development, the President of Indonesia has finally issued the newest Negative Investment List (Daftar Negatif Investasi or “DNI 2016”) on May 18, 2016, under Presidential Decree No. 44 of 2016. DNI 2016 effectively replaces the previous DNI, Presidential Decree No. 39 of 2014, starting May 22, 2016. As previously described in…
Read MoreEstablishing a PT PMA (Foreign Direct Investment Company)
WHAT IS PT PMA? PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a limited liability company established under the laws of Indonesia. In a PT PMA, Foreigners in the form of individuals and legal entities can be registered as shareholders. However some business activities requires Indonesian Citizens or legal entities to hold shares alongside Foreigners.…
Read More5 Things You Need To Know About PT PMA
When is a PMA Company / PT PMA (Perseroan Terbatas Penanaman Modal Asing) established? A PT PMA is established when there is a Foreign Shareholder in the company, which includes a Foreign Individual (Warga Negara Asing or WNA), Foreign Companies or other Foreign Entities, or other PT PMA’s. A PT PMA can also be…
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