Author: Felicia Cindy Hanubrata “Holding companies and venture capital are permitted activities for foreign direct investment; however, their activities, requirements and conditions for their establishment vary.” Holding Company, its establishment and permits A holding company is a company that controls the assets of a group of subsidiary companies. Their main activity is ownership of the […]
“Upon the new regulation concerning the Investor ITAS, foreign investors must invest IDR 10 billion to have staying permit in Indonesia. It can possibly result in inadvertent acquisition process for companies.” In August 2023, the government of Indonesia has promulgated a new regulation in which it is stated that the requirements for a foreign investor […]
“As one of the company’s organs, the tasks of the Board of the Directors are determined by the Articles of Association of the company, and if needed, they may engage in the Directorship Agreement.” Limited-Liability Company (“Company”) can be defined as a legal entity that take form of a capital partnership and established based upon […]
“Amendments to the Articles of Association must be stipulated in the General Meeting of Shareholder (“GMS”) and made in the form of a notarial deed in Indonesian. Further, the amendment shall obtain approval or acknowledgement from the Minister of Law and Human Rights, depending on type of the agenda as stated in Law 40/2007.” Based […]
“In establishing PT PMA, the minimum capital and paid-up capital is IDR 10 billion excluding land and office buildings. PMA can only perform business activities on a large business scale. Meanwhile, Representative Offices are not limited by investment value and capital like PT PMA. In implementing its duties and functions, a representative office cannot exceed […]
Investment Activity Report (LKPM) is an obligation for every business actor. Reporting on investment activities is divided based on the scale of the business which is every 6 months for small business actors, every 3 months for medium and large business actors. Reporting on this activity is excluded for micro business actors, companies in the […]
“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 […]
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