They are required to meet the following criteria under the specific category; Company’s memorandum Articles of Association (If is an Indonesian company) Company’s business licenses Tax identification number (If is a foreign company) A [...]
In Indonesia, there are six different types of companies for you to start your business with. Perseroan Terbatasa (PT) A limited liability company and the most common foreign company option incorporated in [...]
In Indonesia, a foreign-owned company receives many privileges and advantages, and they are mentioned in the following; Ease of obtaining licenses and permits – Most checks are done within a short amount [...]
In Indonesia, it is mandatory to open a Corporate Bank Account before you can start a company and benefit from hassle-free process when working with various bank services. Apart from the mentioned, [...]
Yes, Foreigners can serve in a Perseroan Terbatas Penanaman Modal Asing (PT PMA) – A foreign owned company type which requires shareholders, directors, and company commissioner; if they meet certain requirements stated by [...]
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, [...]
