The most common option for an overseas company establishing a presence in Indonesia is to set up a limited liability company with foreign ownership (PT PMA). The first step in establishing a PT PMA is to determine whether the PT PMA can be wholly owned or only partially owned by foreign shareholders. This involves consulting … Establishing a Business in Indonesia – PT PMA
Law No. 11 of 2008 as amended by Law No. 19 of 2016 on Electronic Information and Transactions (the ITE Law) is applicable to any individual who carries out a certain legal action (as specified in the ITE Law) within or outside the Indonesian jurisdiction. In the event of a dispute, the Indonesian courts shall … E-commerce in Indonesia – Legal and Regulatory Framework
The mining industry in Indonesia is regulated by way of mining laws. The main regulation is Law 4/2009 on Coal and Mineral Mining (Law 4/2009), which is further implemented by various regulations and decrees issued by: the central government; the Ministry of Energy and Mineral Resources (MEMR); and regional governments at the provincial and … Mining in Indonesia – Legal and Regulatory Structure
By Rusmaini Lenggogeni In Indonesia, information on private equity investments is not readily available. Private equity transactions are usually done through the framework of a merger and acquisition/private investment, as provided in Law No. 40 of 2007 regarding Limited Liability Companies (Company Law). If the investment target is a public Indonesian company the transaction will … Private Equity in Indonesia, Market Overview
The key laws governing foreign investment in Indonesia are: Law No. 25 of 2007 regarding Investment (26 April 2007). Government Regulation Number 24 of 2018 on Electronically Integrated Business Licensing Services (21 June 2018). Presidential Regulation No. 44 of 2016 on List of Business Fields that Are Closed and Business Fields that Are Open … Investing in Indonesia – Overview of Legal System
By Rusmaini Lenggogeni The principal form of corporate/business organization that applies in Indonesia is a limited liability company. However, there are other forms of business organizations such as cooperatives, representative offices and partnerships. Sources of Corporate Governance Requirements Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in … Corporate Governance in Indonesia
The COVID-19 outbreak in Indonesia has disrupted almost all aspects of life in the country. Numerous regulations have been issued in response to the outbreak, affecting the way companies do business. SSEK Legal Consultants is closely monitoring events and providing regular updates on regulatory changes to help companies navigate these difficult times. Find our discussion … COVID-19 and Indonesia – Legal Updates
The main business vehicles in Indonesia are legal entities and business entities. In a legal entity, there is a separation between the assets of the founder(s) and that of the established entity, which is not the case in a business entity. Establishing a legal entity requires the approval of several government entities, while establishing a … Establishing a Business in Indonesia – Business Vehicles
The Indonesian government initially adopted a conservative and relatively traditional approach to regulating internet-based activities. Prior to 2008, there was no legislation or guidelines in Indonesia that regulated the internet and how electronic information was offered and consumed, for both commercial and non-commercial purposes. In the five to seven years before 2008, Indonesia experienced the … E-commerce in Indonesia – Legal and Regulatory Framework
Purchasing shares in a company, either from a selling shareholder or from the company itself, is the most common type of share acquisition in Indonesia. Asset acquisitions are also becoming more common for individuals acquiring business units. Other methods include mergers or amalgamations, where the target company may be dissolved into the surviving company and … Corporate M&A in Indonesia – Overview of Regulatory Field
