The shareholders have the right to terminate a commissioner or a director in the company. To terminate a commissioner or a director in the company, the shareholders must issue a letter of [...]
Yes, there is a way to avoid the termination hassle. In the company’s articles of association, the shareholders can limit the term of office (one to five years) of the commissioner or [...]
The Board of Commissioners is responsible to review and approve the annual financial statement of the company.
As long as the foreigner possesses a work permit in Indonesia, he/she can be a commissioner in a foreign-owned company. However, any company which is completely owned by Indonesians is not allowed [...]
A Deed of Establishment is a company registration document obtained from the Ministry of Justice. It contains company details and articles of association. It also contains the company name, location, objective, capital amount, [...]
The Indonesian government introduced the Negative Investment List to prevent the Indonesian market from becoming oversaturated with foreign-owned companies. It also saw the Negative Investment List as a method through which entrepreneurial [...]
The representative officer’s license goes for a maximum of five years. The first three initial years can be extended for two more years. This is a document needed in the company registration [...]
Daftar Negatif Investasi is a list of businesses that foreigners cannot invest in Indonesia.
If you have to work on a public holiday in Indonesia, then you are entitled to an overtime pay rate.
No. Diwali is not a public holiday in Indonesia.
