The Establishment of Company in Indonesia

The establishment of a company (pendirian pt) is governed by Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Government Regulation in lieu of Law No. 2 of 2022 concerning Job Creation (“Company Law”). According to Article 1 paragraph (1) of the Company Law, Limited Liability Company is a legal entity constitutes a capital alliance, established based on an agreement, in order to conduct business activities with the company’s authorized capital divided into shares (“Company”). There are two types of companies in Indonesia, namely local company and foreign investment company. The local company is a company which has minimum 2 (two) Indonesian individual(s) or Indonesian legal entity(ies) (or any combination thereof) (“Local Company”). However, the Foreign Investment Company (Perseroan Penanaman Modal Asing or “PMA Company”) is minimum 2 (two) shareholders which has 100% foreign-owned or joint venture with Indonesian partners. 

In addition, the establishment of PMA Company (pendirian pt pma) must pay attention to the provisions stipulated in Law No. 25 of 2007 concerning Investment as lastly amended by Government Regulation in lieu of Law No. 2 of 2022 concerning Job Creation (“Investment Law”) and regulations made by the Capital Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”). The registration of Company conducted through the Online Single Submission Risk Based Approach (“OSS-RBA”) system managed by BKPM. 

Please see our Update regarding this regulation in English (here).

Pendirian PT Perseroan Terbatas di Indonesia

Pendirian perseroan terbatas diatur dengan Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas sebagaimana telah diubah terakhir dengan Peraturan Pemerintah Pengganti Undang-Undang No. 2 Tahun 2022 tentang Cipta Kerja (“UUPT”). Menurut Pasal 1 ayat (1) UUPT, Perseroan Terbatas adalah badan hukum yang merupakan persekutuan permodalan, didirikan berdasarkan suatu perjanjian, untuk menjalankan kegiatan usaha dengan modal dasar perseroan terbagi atas saham (“Perseroan”). Ada dua jenis Perseroan di Indonesia, yaitu Perseroan lokal dan Perseroan penanaman modal asing. Perseroan lokal adalah perseroan yang memiliki minimal 2 (dua) orang Indonesia atau badan hukum Indonesia (atau kombinasinya) (“Perseroan Lokal”). Namun, Perseroan Penanaman Modal Asing (“Perseroan PMA”) minimal 2 (dua) pemegang saham yang 100% dimiliki asing atau usaha patungan dengan mitra Indonesia.

Selain itu, pendirian Perseroan PMA harus memperhatikan ketentuan yang diatur dalam Undang-Undang No. 25 Tahun 2007 tentang Penanaman Modal sebagaimana telah diubah terakhir dengan Peraturan Pemerintah Pengganti Undang-Undang No. 2 Tahun 2022 tentang Cipta Kerja (“UU Penanaman Modal”) dan peraturan perundang-undangan dibuat oleh Badan Koordinasi Penanaman Modal (“BKPM”). Pendaftaran Perseroan dilakukan melalui sistem Online Single Submission Risk Based Approach (“OSS-RBA”) yang dikelola oleh BKPM.

Mohon untuk melihat Update kami atas peraturan ini dalam Bahasa Inggris (di sini).