Below is a list with tagged columns and company profiles.

Today's Headlines PT PMA

  • Facebook to Open Limited Liability Company in Indonesia

    Facebook to Open Limited Liability Company in Indonesia

    Leading American online social media and social networking service Facebook will open a permanent business entity (a foreign limited liability company, in Indonesian: perseroan terbatas penanaman modal asing, or PT PMA) in Indonesia later this month. The move is in line with Indonesian government requests. Earlier, Facebook only operated a representative office in Jakarta.

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  • Indonesia Wants Internet-Based Firms to Establish Local Entity or Be Blocked

    Indonesia Wants Internet-Based Firms to Establish Local Entity or Be Blocked

    The world's Internet giants that provide services in Indonesia (such as social media platforms) are encouraged to establish a permanent presence in Indonesia in the form of a representative office or foreign investment company (PT PMA) hence becoming taxable entities. If not, their services can be blocked by Indonesian authorities. Finance Minister Bambang Brodjonegoro informed reporters about this plan on Monday (29/02). Although he declined to mention any names, it is assumed Brodjonegoro refers to social media platforms and those that sell products/services to the massive online audience of Indonesia.

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  • Indonesia Investments' Newsletter of 19 July 2015 Released

    Indonesia Investments' Newsletter of 19 July 2015 Released

    On 19 July 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic subjects such the ADB’s updated economic growth forecasts for the Asian region, Indonesia’s interest rates regime, the June trade balance, the ASEAN Open Skies policy, an update on Indonesia’s palm oil industry, and more.

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  • Foreign Ownership Indonesian Property; Is it Possible?

    Foreign Ownership Indonesian Property; Is it Possible?

    Without giving details about the time frame, Indonesian Finance Minister Bambang Brodjonegoro said that the government will soon allow foreigners to own luxurious apartments in Indonesia. This move would be the government’s latest move to boost the slowing economy. Currently, private foreign individuals cannot purchase property or own land in Indonesia. This prohibition has been in place for many years as Indonesian authorities were concerned that foreign ownership of Indonesian property and land would surge significantly.

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  • Indonesia Investments' Newsletter of 17 August 2014 Released

    On 17 August 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such as the performance of the rupiah exchange rate, plantations, Freeport Indonesia, economic growth, electricity, property, guidelines for the construction of a PT PMA, and more.

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  • Indonesia Investments' Newsletter of 10 August 2014 Released

    On 10 August 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such as economic growth in the second quarter, July inflation, the June trade balance, company profiles of PP London Sumatra Indonesia and Perusahaan Listrik Negara, guidelines for the construction of a PT PMA, and more.

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Latest Columns PT PMA

  • Company Data Correction of Legal Entities in Indonesia

    Company Data Correction of Legal Entities in Indonesia

    Recently, the Minister of Law and Human Rights issued Regulation Number 17 of 2017 concerning Procedures for Applications for Company Data Corrections for Limited Liability Companies, Foundations and Associations (New Regulation). In this column we limit our scope to the data corrections in limited liability companies (PT, local shareholders) and PT PMA (foreign shareholders). These corrections are submitted by a notary through the Legal Entity Administration System (SABH).

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  • Notary Fees for Limited Liability Company Establishment Regulated

    Notary Fees for Limited Liability Company Establishment Regulated

    Recently, the Ministry of Law and Human Rights (Ministry) issued regulation number 3 of 2017 on the Notary Fees for the Establishment of a Limited Liability Company for Micro, Small and Medium Sized Enterprises (New Regulation). The New Regulation is an implementation of the 12th economic policy package of the Indonesian Government. This economic policy package is an effort of the Indonesian Government to reduce business costs and improve the business climate for investors.

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  • Manpower Issues in Separation of Indonesian PT Company

    Manpower Issues in Separation of Indonesian PT Company

    Article 1 (12) of Law number 40 of 2007 on Limited Liability Company (Company Law) defines the separation of an Indonesian PT company. It is a legal action of a PT company with the purpose to separate its businesses. Such separation causes a transfer of all assets and liabilities of a PT company to two or more companies. It can also cause a transfer of a part of the assets and liabilities of the PT company to one or more companies. In this column we will discuss the manpower related issues of such separation.

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  • Reserve Fund Allocation & Dividend Distribution to Shareholders

    Reserve Fund Allocation and Dividend Distribution to Shareholders

    Based on article 70 of Law number 40 of 2007 on Limited Liability Companies (Company Law), PT companies are required to allocate money to a reserve fund. The Company Law keeps the requirement to allocate money to the reserve fund in place, until the it reaches 20 percent of the issued and paid up capital. In this column we look in more detail to the requirement to allocate money to the reserve fund.

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  • Shareholder Liability against Consumer Claims in Indonesia

    Shareholder Liability against Consumer Claims in Indonesia

    The customer protection in Indonesia is regulated in law number 8 of 1999 on Consumers' Protection (Consumer Law). The Consumer Law gives consumers the right to sue PT Companies for any damage incurred due to the use of certain goods or services. In this column we discuss the shareholder liability in case of such consumer claim. We compare the Consumer Law with the Law number 40 of 2007 on Limited Liability Company (Company Law), to gain understanding about the risk and liability of shareholders in such claims.

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  • Annual Work Plan and Annual Report Obligation of PT Companies

    Annual Work Plan and Annual Report Obligation of PT Companies

    Chapter 4 of the Indonesian company law no. 40 of 2007 on Limited Liability Companies (Company Law) regulates the obligations regarding the Annual Work Plan and the Annual Report for PT companies. The board of directors of the company must prepare the Annual Work Plan prior to the commencement of the next financial year. Such Annual Report must be submitted by the Board of Directors to the General Meeting of Shareholders (GMS) not later than six months after the financial year ends. In this column we discuss in more detail the procedure and contents of the Annual Work Plan and Annual Report.

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  • Direct Sales to End Users by PT PMA Manufactures in Indonesia

    Direct Sales to End Users by PT PMA Manufactures in Indonesia

    The Indonesian government has set several restrictions for foreign PT PMA Companies to sell and distribute products to end users. In this column we will discuss the ability of PT PMA Manufacturers to sell goods directly to other manufacturers. These products include for instance industrial machinery and complementary goods. However, a PT PMA manufacturer can only under certain conditions sell goods directly to other manufacturers.

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  • Fast Investment Procedure Foreign Investment Companies

    Fast Investment Procedure Foreign Investment Companies

    The new BKPM (investment body) Regulation number 14 of 2015 regarding the Guidelines and Procedures for the Investment Principle Permit (New BKPM Regulation) sets a new special fast investment procedure for specific foreign investment companies. Under the fast investment procedure companies are able to obtain their investment license within 3 hours as of submission of the application. This procedure is however only open for large investments in Indonesia. In this column we will discuss the requirements for the fast Investment procedure.

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  • Repurchasing Shares by PT PMA Companies in Indonesia

    Repurchasing Shares by PT PMA Companies in Indonesia

    Through Law number 40 of 2007 on Limited Liability Companies (Company Law) Indonesia restricts limited liability companies to repurchasing shares from its own shareholders. Only in certain events companies can repurchase their own shares from their shareholders. This restriction applies to both locally owned limited liability companies (PT) and foreign investment limited liability companies (PT PMA). In this column we explain the restrictions for PT PMA’s set by the Company Law.

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  • Foreign Investment in Indonesia's Processed Food & Beverage Industry

    Foreign Investment in Indonesia's Processed Food & Beverage Industry

    Foreign investment in Indonesia's processed food and beverage industry is expected to have surpassed the level of USD $1 billion in the first half of 2016. Adhi Lukman, General Chairman of the Indonesian Food and Beverage Association (GAPMMI), informed that this result is much better compared to last year when foreign investment in the full-year only reached USD $1.5 billion. He added that foreign investment in the processed food and beverage industry (including food ingredients) is dominated by Asian countries, specifically Japan, South Korea and India.

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