How do silent and active partners differ?
Silent partners are those which invest in the operations of a partnership but are uninvolved in its management. Their profits, losses, and liabilities are limited and based on the capital which they [...]
What are the functions of the National Land Agency(BPN)?
The BPN is one of Indonesia’s non-departmental government institutions. It conducts government tasks related to land ownership at both the regional and national levels. It formulates and implements policies related to land [...]
What is the condition of Indonesia’s housing market today?
The latest statistics show that the average price of houses in Indonesia’s 14 largest cities increased by 0.16% over the one-year period which concluded at the end of the first quarter of [...]
Can foreigners own land in Indonesia?
Foreigners are allowed to own land in Indonesia. They also have the right to build on such land. This is because the government believes that the granting of such rights to foreigners [...]
What are average land costs in Indonesia?
Across the world, land prices have been increasing. They are the primary reason why global housing costs have increased dramatically in recent years. In Indonesia, such has also proven to be the [...]
What must Restaurents be registered as Direct Investment Companies?
n Indonesia, restaurants cannot be regarded as sole proprietorships, partnerships, or any other business entity. Direct investment companies are the only business entity under which restaurants may be classified. Thus, restaurant owners [...]
What will happen to restaurants without the Required Licenses?
Such a circumstance is impossible. This is because all of the licenses mentioned are required before a restaurant may be set up in Indonesia.
Are all companies in Indonesia regarded as separate entities?
Indonesian company laws recognize all of the country’s companies as separate entities. This is true of companies of any type of business entity.
Is the price of the meterai expected to change?
The price of the meterai has not changed since its introduction. It has remained constant at 6,000 rupiah. However, there are rumors that it might increase to 10,000 rupiah soon.
Are there instances in which neither a company seal nor a rubber stamp is required?
Not every document requires a company seal. Similarly, not every document requires a rubber stamp. Therefore, although such cases are rare, certain documents require neither.