SMART ARTICLE

April 3, 2017
VENTURE-CAPITAL-COMPANY-IN-INDONESIA

VENTURE CAPITAL COMPANY IN INDONESIA

The Indonesian Government has been very outspoken on the development of Micro, Small, and Medium Enterprises (“MSMEs”) especially concerning how to provide incentives and facilities for […]
March 28, 2017
LEGAL-COMPLETION-OF-OWNERSHIP-TRANSFER-OF-SHARES

LEGAL COMPLETION OF OWNERSHIP TRANSFER OF SHARES

When transferring ownership of shares issued by a Limited Liability Company (PT), the transaction does not stop when the Sales and Purchase Agreement is signed. Learn […]
March 27, 2017
CORPORATE-CRIMINAL-LIABILITY-IN-INDONESIA

CORPORATE CRIMINAL LIABILITY IN INDONESIA

Even though corporations are classified as legal subjects in Indonesia, and can be held liable for criminal offenses in several prevailing laws in Indonesia, it is […]
March 23, 2017
COMPANY-OBLIGATION-TO-STRUCTURE-AND-SCALE-EMPLOYEE-WAGES

COMPANY OBLIGATION TO STRUCTURE AND SCALE EMPLOYEE WAGES

All entrepreneurs, including Companies, which employ Employees in Indonesia have the obligation to structure and scale employee wages pursuant to the prevailing wage structure and scale […]
March 21, 2017
NEW-REGULATION-REGARDING-THE-COMPANY-REGISTRATION-CERTIFICATE-TANDA-DAFTAR-PERUSAHAAN--OR-TDP

NEW REGULATION REGARDING THE COMPANY REGISTRATION CERTIFICATE (TANDA DAFTAR PERUSAHAAN OR “TDP”)

TDP or Tanda Daftar Perusahaan(Company Registration Certificate) is a mandatory legal document signifying the official registration of a Company (PT) that has been established in Indonesia. […]
March 20, 2017
DIVESTMENT-OBLIGATION-FOR-FOREIGN-INVESTMENT-COMPANY-PT-PMA-IN-INDONESIA

FOREIGN COMPANY OBLIGATION ON DIVESTMENT

Divestment is the releasement, exemption or reduction of shares, which is an obligation for Foreign Direct Investment (Penanaman Modal Asing/PMA) Company who owned 100% shares in […]
March 16, 2017
CIRCULAR-RESOLUTION-OF-SHAREHOLDERS

CIRCULAR RESOLUTION OF SHAREHOLDERS

General Meeting of Shareholders, also known as GMS or RUPS, is the only mechanism for a Company to make certain decisions pursuant to the Company Law. […]
March 15, 2017
OBLIGATIONS-RELATED-TO-LOAN-FROM-FOREIGN-PARENT-COMPANY-TO-INDONESIAN-SUBSIDIARY

OBLIGATIONS RELATED TO LOAN FROM FOREIGN PARENT COMPANY TO INDONESIAN SUBSIDIARY

In order to finance their subsidiaries in Indonesia in the form of PT PMA, many foreign parent companies enter into loan agreements with their subsidiaries. Learn […]
March 14, 2017
PROTECTION-FOR-FEMALE-EMPLOYEES-PURSUANT-TO-THE-MANPOWER-LAWS

PROTECTION FOR FEMALE EMPLOYEES PURSUANT TO THE MANPOWER LAWS

Male and Female Employees must be treated with equality at the workplace. Pursuant to the role of women in society, as well as specific biological needs, […]
March 13, 2017
TUNJANGAN-HARI-RAYA-THR-OR-RELIGIOUS-HOLIDAY-ALLOWANCE

TUNJANGAN HARI RAYA (THR) OR RELIGIOUS HOLIDAY ALLOWANCE

Each of the official religion in Indonesia has their own Religious Holidays, which in turn is recognized by the Government. For each Religious Holidays, Companies must […]