Posts Tagged ‘PT PMA’
TYPES OF DOCUMENTS TO BE PREPARED IN ESTABLISHING COMPANY IN INDONESIA
Probably, these are common queries from an entrepreneur who will start a new business: What are the required documents to register the Company? What are mandatory documents needed to be fulfilled? What documents should be obtained in regards to establish a company? Before we describe what the documents needed, hereby we inform you the following…
Read MoreIMPORTANT! LANGUAGE REQUIREMENT IN CONSTRUCTION WORK CONTRACT WITH FOREIGN PARTIES
To address the challenges of the expanding Indonesian market in construction services as well as its dynamic development, the Indonesian Government has issued Law No. 2 Year 2017 on Construction Services ("UUJK 2017") on 12th January 2017. CONSTRUCTION SERVICES PROVIDED BY FOREIGN PARTIES One of the new provisions set in UUJK 2017 is the development…
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 MoreWHO CAN SIGN A CONTRACT ON BEHALF OF A COMPANY?
In business, executing deals and finalizing transactions is conducted by signing a contract. Aside from ensuring the contents of the contract is in line with the prevailing laws and regulations, it is also important to know which person can sign a contract on behalf of a company, so that the contract can be legally executed.…
Read More3 THINGS FOREIGN DISTRIBUTOR NEED TO KNOW IN DOING BUSINESS IN INDONESIA
A Distributor PMA Company has its requirements and obligations to comply with when conducting trading activities. Learn the 3 (three) most essential things on how PMA Company can conduct distribution in Indonesia. The trading business is one of the business opened for the foreign investor in Indonesia, with the wholesale, import, export, and distribution activities…
Read MoreLEGAL 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…
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