We provide efficient and comprehensive approach on legal counsel, serving you with passion in every area of business practice.
Dezan Shira & Associates is a multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Dezan Shira & Associates has opened its representative office in various countries in Asia, one of is in Indonesia and we are proud to have become an Alliance member of Dezan Shira & Associates in Indonesia.
IGAL is a business network of legal and accounting firms based in France. In fact, IGAL is a professional network linking any legal and accounting firms in several countries. In Indonesia, we are proudly announce that we are the member of this professional network.
Founded in United States in America, Hytorc is a company engaged in industrial bolting systems. Hytorc already produced tools for 50 years and consistently improving their existing products and developing new tools. Our project with Hytorc is assist them to established their company in Indonesia
NARI Group Corporation is the largest whole set supplier of electric power equipment from People Republic of China. The company offers power generation equipment, including power station automation, excitation, and power plant auxiliary systems, and stability control and dispatching products. Our project with NARI Group Corporation is to provide a legal due dilligence for shares purchasing
Shiseido is one of the top leading cosmetics companies from Japan. They produce personal care products such as skin care, hair care, cosmetics and fragrance. Our project with Shiseido is to provide a contract review and legal advice.
Established in 2015, J&T Express is a delivery express company from Indonesia that applies technology development as the basic system. They serve the delivery within city, inter-city, inter-provincial and also e-commerce customer. Our project with J&T Express is to provide a legal advice about their legal documents
Vivo is a smartphone brand from People Republic of China focusing on introducing perfect sound quality and ultimate photography with cutting-edge technology. Besides smartphone, Vivo also makes smartphone accessories, software and online services. Our project with Vivo Smartphone is to provide assistance in attestation for Collective Labour Agreement
Ovo is a Digital Finance application that provides simplicity for any kind of transaction at Ovo merchants and daily payments. By transacting through Ovo we have the opportunity to get points which can be exchange with attractive offers. Our project with Ovo is to provide retainer services.
Foreigners can do investment in Indonesia, in a way:
|1||Foreign Direct Investment (FDI), where foreign investors can invested their capital in new company or existing company, for establish a business in Indonesia and participated in company management; and|
|2||Portfolio Investment where investors invested through purchasing commercial papers in capital market, such as equity, obligation or both. However, investors ussualy did not interested in this investment because did not directly participated in company management or control.|
One of the way is establishing a new company in the form of Limited Liability Company (PT).
Limited Liability Company (PT) is a legal entity which is capital alliance, established based on agreement, implementing their business activities with authorized capital which divided into shares and fulfill the stipulated requirements in this Act also its implementation regulations.
It depends on Shareholders decision. Ussualy, it can be occupied for 5 (five) years. If the term already ends, shareholders can change them, or appoint back. Shareholders also can change the Board of Director and Board of Commissioner even though the term is not ends yet through Resolution of General Meeting of Shareholders.
Requirements for establishing Limited Liability Company (PT) for foreign investors are as follows:
|1||Paid up capital must be more than 2.5 Billion Rupiahs;|
|2||Because of Limited Liability Company is a capital alliance, Limited Liability Company (PT) must have minimum of 2 (two) shareholders. The shareholders can be individually or legal entity.|
Following the issuance of Government Regulation No. 24 of 2018. It is important to stress that various sectors in Indonesia are closed, or partially closed, to foreign investment. To find out which sectors are open to foreign investment you need to access the Negative Investment List (Daftar Negatif Investasi), a list compiled by the Indonesia Investment Coordinating Board (BKPM). In case a sector is partially closed to foreign investment, then the list states the maximum allowed percentage of foreign ownership. This means that you will need to have a local (Indonesian) partner in order to engage in business in that particular sector.
Indonesia’s Law Number 40 of 2007 on Limited Liability Companies (the Company Law) and implementing regulations establish a ‘two-board’ system of governance:
|•||the Board of Commissioners that supervises the performance of the Board of Directors and policies made by the board, and provides advice to the board; and|
|•||the Board of Directors that manages the company’s operations and serves as the authorised organ and representative of the company in all matters, subject to compliance with the law, the company’s rules and resolutions of the general meeting of shareholders.|
Board of Commissioner can consists of several Commissioners, and determine on of them as President Commissioner, besides with the Board of Directors, it can consists of several Directors, with determine one of them as President Director.
It depends on Shareholders decision. It could be all shareholder can be a part of Board of Commissioner and Board of Directors, or The Shareholders appoint the others out of Board of Director and Board of Commisioner.