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COMPANY DISSOLUTION PROCESS IN INDONESIA
In some ways, the dissolution of a company is the worst thing that a company might not have imagined before. However, our team has considerations for you to rethink the decision.
In the course of doing business, especially in Indonesia, it certainly does not always run smoothly. There are several reasons in business that cause the business to lead to detrimental things, ranging from internal factors to external factors. In the worst case, these causes can result in the closure or dissolution of the business itself.
However, on the other hand, business dissolution or closure is not always caused by business failure, which can include insufficient resources, poor management, unstable economic conditions, or unprofitability. Often the decision to dissolve businesses and companies comes in the midst of business growth.
The decision to close or dissolve a company’s business is a final decision in the face of a complicated situation. Dissolution means the end of business activities and also the end of the company’s existence legally.
We have an experienced team in handling similar cases. In this case, we provide solutions and considerations in terms of ensuring your decision before the dissolution of the company. Based on our experience, some entrepreneurs cancel their company dissolution plans after considering several things. However, if the decision to close or dissolve the company is final for the founders of the company, then we are here to assist you in the dissolution process. We can complete the process of dissolving your company hassle free, starting from the beginning of the process to the end.
In general, the process of company dissolution will begin with a General Meeting of Shareholders (GMS) approving the dissolution of the company, then authorizing the GMS with a notarial deed. In addition, the dissolution of the company must also provide an announcement in national newspapers before finally obtaining a legalization from the Ministry of Law and Human Rights. Then, the process will follow to revoke and deactivate the licenses and documents owned by the company. Feel free to contact us to find out more about the whole process. We are available almost everywhere on social media, you may contact us through chat on here, WhatsApp, Instagram, Facebook, Linkedin and many more. From a single chat, you will have our team to response to any of your inquiry as soon as possible. We sure will appoint a meeting or online meeting with you afterward to facilitate your needs.
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
In general, PMA stands for Foreign Direct Investment while PMDN stands for Domestic Direct Investment. From the perspective of the meaning, in short, PMA is an investment activity to conduct business in the territory of the Republic of Indonesia which carried out by foreign investors, both those who use foreign capital wholly or in joint ventures with domestic investors. Then, PMDN is an investment activity to conduct business in the territory of the Republic of Indonesia which carried out by domestic investors using domestic capital.
Basically, subjects in domestic investors are Indonesian citizens (WNI), Indonesian business entities, the Government of Indonesia, or regions that make investments in the territory of Indonesia. Meanwhile, foreign investors are foreign citizens, foreign business entities, and/or foreign governments making investments in the territory of the Republic of Indonesia.
With the new regulations and system changes, the process of establishing a company, both PT PMDN or PT PMA, does not take a long time. It takes at least 10-15 working days after the complete document requirements are fulfilled.
Yes. To be able to carry out the establishment process of PT PMA, the authorized capital that must be written in the deed of establishment is Rp. 10 billion excluding the value of land and buildings. In making the deed of establishment, the Notary appointed by us will provide a statement letter to the shareholders who sign that they will deposit the said amount of capital. However, the statement will usually not include the fulfillment period. After the company is established, the company will carry out investment reporting on a regular basis which will later become one of the proofs for the company's activities with its capital.
Generally, the set-up company process is divided into 2 stages. Where, the first stage is the establishment stage. Where at this stage, you will process your company's basic documents and permits, such as: deed of establishment, legalization document, Company NPWP (Taxpayer ID Card), Business Identification Number, Company Bank Account Opening and other documents according to your sector and business field. Furthermore, the second stage is the operational stage. At this stage, before and/or during your company's operations, you are required to fulfill the company's obligations. Such as, payment of related taxes, fulfilling operational permits, reporting LKPM (Investment Activity Report), BPJS Employment and Health Registration, and other obligations according to the sector and business field.
BPJS stands for Social Security Administering Board, which is a special institution tasked with administering health and employment insurance for the public, civil servants, and private employees. BPJS has 2 types, namely: BPJS Healthcare and BPJS Employment. Where every registered company that has employees is required to register its employees in the BPJS program, both BPJS Healthcare and BPJS Employment.
LKPM stands for Investment Activity Report. It is a report on the progress of investment realization and problems faced by business actors that must be prepared and submitted periodically.
Yes, you do. When you do the establishment of a company, a correspondence address is fundamental. It is needed because later all correspondence documents from the government or related agencies will be sent to your company's office/correspondence address. In addition, a company is required to have a domicile which is one of the requirements for making a deed of establishment.
Do you have a location in mind where you plan to establish your company in general? For example, are you planning to do it in Bali, such as in Kuta, Ubud, Sanur or Jimbaran area? We have several specific place references that may help you determine the location of your company office. Just please let us know.
At the stage of the company establishment process, you are not required to come to Indonesia. Although it is no required to come, you may visit Indonesia with the visa which the service we can assist you to have it.
Some process in the establishment company can be carried out by giving your power of attorney to one of our team whom handles the process of establishing your company. Our team is experienced enough in their field therefore the necessary matters will be prepared and informed to you.