Set up A PT PMA Company in Indonesia with NP Consultant
NP Consultant Indonesia Blog
by Yuliana Siagian
6M ago
Indonesia, an economic powerhouse with a diverse and vibrant economy, is the destination of choice for many international investors. However, navigating through the complexities of Indonesian business law can be daunting. That's where we, at NP Consultant, step in. As seasoned law professionals in Indonesia, we are here to simplify this journey for set up a PT PMA in Indonesia. 1. Choose the Right Business Entity The first step in your journey is choosing the right business entity. For foreign investors, we usually recommend the PT PMA (Penanaman Modal Asing), a foreign investment limited lia ..read more
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Getting Married in Indonesia
NP Consultant Indonesia Blog
by Yuliana Siagian
1y ago
If you are in relationship with an Indonesian citizen or a foreign national, and planning to marry in Indonesia, please read this article to prepare you on the marriage registration requirements in Indonesia. Pursuant to Indonesian law, a marriage should be conducted based on the respective religion and belief. Both parties should be of the same religion. If the parties having different religions, the Indonesian law requires the parties to obtain a prior court stipulation from the relevant district court so that the marriage can be registered in the Marriage Registration Office. If you will ge ..read more
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Merger in Indonesia: General Overview
NP Consultant Indonesia Blog
by Yuliana Siagian
2y ago
1. The provisions on merger are regulated under Law 40 of 2007 on Limited Liability Company as lastly amended by Law Number 11 of 2020 on the Job Creation (the “Company Law”). 2. The Company Law defines merger as legal action carried out by one or more company (ies) to merge itself with other existing company which results the assets and liabilities of the merging companies to be assigned by law to the company which accepts the merger and subsequently the legal entity status of the merging company is terminated by law. 3. In addition, the Company Law further stipulates that after merger the fo ..read more
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Expatriate Work Permit and Immigration Updates in Indonesia
NP Consultant Indonesia Blog
by Yuliana Siagian
2y ago
Any expats want to work in Indonesia needs to have a work permit and a stay permit. This article will cover anything that you need to know regarding expatriate work permit and stay permit in Indonesia. New regulations regarding expatriate work permit have been issued, namely: Indonesian Government Regulation Number 34 of 2021 on the Expatriate Utilization (“GR 34/2021”) and Indonesian Manpower Minister Regulation Number 8 of 2021 on the Implementing Regulation of GR 34/2021 (“MMR 8/2021”). We will explain the important points regulated in GR 34/2021 and MMR 8/2021. 1. Types of employers that a ..read more
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Prenuptial Agreement in Indonesia: Frequently Asked Questions
NP Consultant Indonesia Blog
by Yuliana Siagian
2y ago
What is a Prenuptial Agreement under Indonesian law? A prenuptial or pre-marital agreement is a written contract made between the soon-to-be-husband and the soon-to-be wife legalized by the marriage registration officer, after which its content shall be applicable to third parties as long as the third parties involved. The Indonesian law does not regulate clearly what can be regulated in the prenuptial or pre-marital agreement. Therefore, the content of the agreement will be up to the proposed couple and their lawyers provided that the content shall not violate the law, religion, and morality ..read more
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Effort to Ease Doing Business in Indonesia by Introducing New Licensing Approach
NP Consultant Indonesia Blog
by Yuliana Siagian
2y ago
Aiming Indonesia would improve to become 40th place in the World Bank’s Ease of Doing Business Index Ranking (“EODB”) for 2021, the Indonesian Government introduces new risk-based licensing approach where the low-risk business shall obtain its license easier than the high-risk business. This risk-based approach business licensing is principally changing the previous licensing concept from ‘fulfilling the requirements firstly’ to become ‘supervision after doing businesses. For many years in Indonesia, investors are required to obtain various types of permits and/or licenses before they were all ..read more
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Guide to Start a Business in Indonesia
NP Consultant Indonesia Blog
by NP Consultant Indonesia
2y ago
To run a business and set up a company in Indonesia, here are few things that a foreigner needs to know on incorporation of company in Indonesia: 1. Foreign Owned Company in Indonesia (PT PMA) If a foreign investor wishes to establish a company in Indonesia to get revenues and profits, he/she shall need to establish a foreign-owned company (PT PMA) in Indonesia. A company is a PMA if a foreign individual or foreign company holds any shares in the company – even it is just 1%. 2. Business Activities Not all business activities can be run by foreign investors. The Indonesian government regulates ..read more
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Expat Divorce in Indonesia: Guideline from NP Consultant Indonesia
NP Consultant Indonesia Blog
by NP Consultant Indonesia
2y ago
In Indonesia, any married couple can only divorce through an Indonesian court decision. Indonesian law does not recognize divorcing through an agreement between the married couple. All divorce must be conducted through a lawsuit submitted to, examined, and decided by the Indonesian court. Please find below what you need to know about divorce in Indonesia. Jurisdiction for Divorce in Indonesia A party can file divorce proceedings in Indonesia court if one of the married couples: (1) is an Indonesian citizen; (2) is domiciled in Indonesia at the time of the law suit; and (3) has a substantial co ..read more
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