Setting up a Business in Indonesia

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
A Perseroan Terbatas is a Private Limited Company.
 
 
Minimum USD 250,000.
Minimum 2 shareholders.
 
 
Liability is limited to the amount contributed.
Company's name and statutes registration: IDR 385,000; Constitution act by a public notary: IDR 13,125,000.
A Representative Office
 
 
Minimum USD 250,000.
Minimum 2 shareholders.
 
 
Liability is limited to the amount contributed.
Company's name and statutes registration: IDR 385,000; Constitution act by a public notary: IDR 13,125,000.
 
 

Business Setup Procedures

Administrative Formalities
According to the chosen form of company, PT or Representative Office, different formalities are to be carried out; they are given in detail on the website of the ICL Directory.
The Competent Organization
To create a Perseroan Terbatas (PT), the competent organization is the Bureau for the coordination of investments ((BKPM). To create a Representative Office, the competent organization may be, according to the sector of activity, the Ministry of Commerce, the Ministry of Finance, the Ministry of Public Works, or the Bureau for the coordination of investments.
Time Necessary for Registration
You should count about three months to start up the activities of a Perseroan Terbatas (PT), and a dozen procedures.
 

Recovery Procedures

Principle
The request for discharge must be made to the tribunal which declared the bankruptcy, as set out in Law n°37 of 2004 on bankruptcy and suspension of payments.
Minimum Debt-to-Capital Ratio Triggering Liquidation
None
Bankruptcy Laws
It is Law n°37 of 2004 on bankruptcy and suspension of payments which is applicable.
Reorganization and Rehabilitation Laws
Law n°37 of 2004 on bankruptcy and suspension of payments sets out the formalities for discharge.

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