Companies & corporate
Setting Up a PT PMA in Indonesia: Capital, KBLI and DocumentsA PT PMA follows the rules for an ordinary PT, plus three: an open business line, investment above Rp10 billion per activity per location, and paid-up capital of at least Rp2.5 billion.Foundation or Association in Indonesia: Differences and How to Establish OneA yayasan (foundation) rests on assets set aside by its founders and has no members; a perkumpulan (association) rests on its members. Both are non-profit and established by notarial deed.Amending a PT's Articles of Association: Approval or NotificationAmendments to a PT's articles are decided by the RUPS, set out in a notarial deed, then submitted to the Minister of Law for approval or notification within 30 days.Sole-Proprietor PT or Ordinary PT: Which One FitsA PT perorangan is set up by one Indonesian citizen for a micro or small business without a notarial deed; an ordinary PT needs two founders and a notarial deed. Differences and how to convert.RUPS: When to Hold One and When a Notarial Deed Is NeededThe annual RUPS must be held within six months after the financial year ends. Notice, quorum, circular resolutions, and which RUPS resolutions must be set out in a notarial deed.Setting Up a PT in Indonesia: Requirements and ProcessRequirements for an ordinary PT: two founders, a notarial deed, 25 per cent of capital paid up, and ratification by the Minister of Law. The steps, the documents, and the first obligations.
