What does PT mean for Indonesian companies?
“PT” simply means a limited liability company. That's why you almost always see Indonesian company names starting with a “PT.”. It's simply referring to their limited liability status.
What is a limited liability company in business?
A Limited Liability Company (LLC) is a business structure allowed by state statute. ... Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, [...]
What are Indonesia’s laws?
Indonesia implements a mixed legal system with the civil law system as the main legal system adopted from the Dutch colonial law. Indonesia also recognises the customary legal system (sistem hukum adat) and religious legal system [...]
What is company law what regulation does govern company law in Indonesia?
Indonesia's Company Law (Law No. 40 of 2007 regarding Limited Liability Companies) regulates how companies operate their corporations in Indonesia. Since the Company Law was enacted in 2007, it has not been [...]
Do copyright laws apply internationally?
There is no such thing as an “international copyright” that will automatically protect a work throughout the world. Protection against unauthorized use in a particular country depends on the national laws of [...]
What is the minimum wage in Indonesia?
Indonesia's yearly minimum wage is $1,027.00 in International Currency.
Is 13th month pay mandatory in Indonesia?
Employees are paid a mandatory 13th-month salary payment in Indonesia, often referred to as THR.
How do I terminate an employee in Indonesia
Under the Indonesian labour law, termination of employment in Indonesia can be initiated by the employer through dismissal or by the employee through resignation.
What are the Labour laws in Indonesia?
A basic principle of Indonesian labour law is that the dismissal of an employee should be prevented and, in some cases, prohibited. Fundamentally, the relevant authorities must initially approve every termination of employment.
Which Singapore-based companies are not required to be audited?
Small companies in Singapore do not have to be audited. Small companies are defined as private limited companies which have less than S$10 million worth of total annual revenue, less than S$10 [...]