The Government of Indonesia has enacted Government Regulation No. 28 of 2025 (PP 28/2025), effective June 5, 2025. This regulation replaces the previous Government Regulation No. 5 of 2021 (PP 5/2021), simplifying licensing procedures by introducing risk classification, Service Level Agreements (SLAs), and the automated “fictitious‑positive” approval system. It integrates licensing steps into the Online Single Submission – […]
“Under the President Regulation No. 13 of 2018, every corporation is required to report its beneficial ownership information to the Ministry of Law and Human Rights. This reporting duty is conducted through the General Legal Administration (AHU) Online web portal system, which can be conducted by notary, founder or management of the company, or any […]
“Companies are under the obligation to report Beneficial Owner information to the Ministry of Law and Human Rights at the time of establishment and at the time of any change of Beneficial Owner information. While the sanctions of incompliance have not been regulated clearly, based on practical experience, if corporation does not conduct Beneficial Owner […]
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