Information About Corporate Secretaries in Indonesia
A corporate secretary who works with an Indonesian company has several duties and responsibilities. These include provision of assistance to the company’s board of directors and board of commissioners for the purposes of implementation of appropriate corporate governance policies, disclosure of required information to the public, and punctual submission of reports to the OJK.
Corporate secretarial functions may either be performed by someone from within the company or by someone from an external corporate secretarial firm. Corporate secretaries hired from within are to be selected by the company’s board of directors.
The services of corporate secretaries can be enlisted at any time during the setting up of a business. Those whose services are sought during this phase may provide advice regarding the registration process, the opening of a branch office, or the selection of a proper office space. Those who do not use such services during the setup phase may nevertheless do so with regard to the company’s business activities.
Should you be interested in setting up a business of your own in Indonesia, we at Paul Hype Page & Co are able to assist you with easing the process. Our incorporation specialists will see to it that your company in Indonesia is established in the most suitable manner possible. With our assistance, your company will be ready for operation in accordance with the laws of Indonesia.
Selecting a Corporate Secretarial Firm in Indonesia
The choice of a corporate secretarial firm is one that must be approached carefully. This is because the quality of the corporate secretarial services offered may lead to either the success or failure of the company in question.
There are a number of factors that may affect the choice of a corporate firm in Indonesia. One of these is the business entity type of the company which is contemplating enlisting the services of a corporate secretarial firm. Among the business entities which may utilize the services of a corporate secretarial firm are the Penanaman Modal Asing (PMA) and the Perseroan Terbatas (PT). However, it should be noted that a foreign owner of a PT is not allowed to register that business under the owner’s personal name. Therefore, such an owner must pay particularly close attention to the source of the company’s secretarial services. The firm selected must be one that understands all that is involved in setting up a business in Indonesia.
Business owners in Indonesia will also prefer to have complete control over the company’s corporate bank accounts. The corporate secretarial firm selected must therefore be able to provide advice on issues such as corporate bank accounts which exist in a foreign country and how such accounts can be easily managed and controlled.
The duration for which the corporate secretarial firm has been legally registered for its services is also another factor which must not be overlooked. This is because most people tend to trust firms which have been in existence for some time. Such firms are believed to have gained much experience and knowledge over that time period.
The number of clients associated with the corporate firm should also be taken into consideration as an important factor when making a choice for a suitable firm. Firms with few clients may raise questions about the quality of services which are offered by the firm. If a firm has very few clients, the low quality of service or high costs might dissuade business from using its services. Those which have many clients, on the other hand, might only exist to fulfill the legal requirements of the clients whom they support. There may also be questions about how quickly they can act during times of emergency.
Indonesia’s geographical location has caused it to be afflicted by disasters such as earthquakes and tsunamis. Therefore, a suitable corporate secretarial firm in Indonesia ought to have contingency plans for such occurrences.
Costs that will be incurred when enlisting the services of a corporate firm must never be overlooked. Businesses will avoid paying for very cheap or very expensive services because they may believe the very cheap services to be substandard services while the very expensive services are likely to be of excessive cost.
Incidentally, your own business might be struggling with issues related to its finances. This is where we at Paul Hype Page & Co can come in. We will provide you with guidance related to the financial planning of your business. With our help, you will soon see that your business will be in as good as financial position as we could possibly make it.
The reputation of the corporate secretarial firm in question must also be considered. What the former current clients of the firm say about it reveals the truth about the reputation of that particular firm.
The qualifications of the company secretaries employed by the corporate secretarial firm in question must be considered. Those whose qualifications are insufficient are unlikely to receive positive reviews.
Finally, a company will have to look at the secretarial services on offer so as to find out if the services offered are the same as the services being sought.
How to Find a Suitable Corporate Secretarial Firm in Indonesia
To find a suitable corporate secretarial firm in Indonesia, many business owners choose to make use of online services to discover more about the corporate secretarial firms around them. To do so, one must first conduct a search of registered firms. The next step is to narrow the search to a particular firm of interest. After indicating interest, the person who conducted the search will then be supplied with a report via email. The emailed report will contain the name, citizenship, business activities, date of establishment, minister’s decree of company ratification, and registration number. It will also include other contact details. It is also possible to use the services of a lawyer in addition to or instead of using the online method in order to select the firm which will be used. Both methods are convenient, readily accessible, and provide knowledge for the decision-making process.
It can sometimes be difficult to find a suitable corporate secretarial firm in Indonesia. Whether one chooses to use online methods, offline methods, or both to determine which firm provides services fit to be used, the decision to be made is certainly not one which can be made flippantly. The cost of the services of each firm assessed must be taken into consideration before deciding the firm to be selected. After searching, selecting, and verifying so as to determine the most suitable firm to be used, the resulting information can be used for the benefit of the owner’s business. Every business owner will benefit from using the services of a competent and efficient corporate secretarial firm.