Posts Tagged ‘PT’
ANNUAL REPORT OBLIGATION FOR COMPANIES IN INDONESIA
Aside from annual tax filings and the annual financial reports, companies in Indonesia, including both local company and PMA Company, has the obligation to submit an Annual Report pursuant to the Indonesian Company Law. Learn more regarding what the obligation entails and how to do it. Pursuant to Article 66 (1) of Law No. 40…
Read MoreTHE ROLES OF DIRECTOR AND COMMISIONER OF A LIMITED LIABILITY COMPANY (PT)
Becoming a Director or a Commissioner of a Limited Liability Company comes with a specific set of duties and responsibilities as stipulated by Indonesian Company Law. Learn more about what it all entails in our article. Pursuant to Law No. 40 of 2007 concerning Limited Liability Company (“Company Law”), a Company have 3 (three) company…
Read More4 Things IT Consultant Should Know on Setting Up IT Consulting Company In Indonesia
The continuous digitalization of the professional world forces companies and firms to optimize their IT system in order to improve their daily operational activities, and also to increase their productivity. The massive demand for IT professionals in order to support the digitalization of these professionals in Indonesia opens up a huge opportunity for IT consultants…
Read MoreEstablishing a Local PT (Perseroan Terbatas)
WHAT IS LOCAL PT? Local PT (Perseroan Terbatas) is a limited liabiity company established under the laws of Indonesia. In a Local PT, only Indonesian citizens and Indonesian legal entities are allowed to hold shares directly as registered shareholders. WHO CAN ESTABLISH LOCAL PT? Minimum 2 (two) or more Indonesian individuals and Indonesian legal entities.…
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.…
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