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Overview of Minister of Law Regulation No. 2 of 2025 on Verification and Supervision of Ultimate Beneficial Owner of Corporations
Minister of Law issued Regulation No. 2 of 2025 on Verification and Supervision of Ultimate Beneficial Owner of Corporations…
New Franchise Regulation under Government Regulation No. 35 of 2024
This ARMA Update focus on the key points under GR 35/2024 for franchise organizers and newcomers to the franchise sector.
Significant Reforms on Shares Ownership and Encumbrance Reporting Obligation in Public Companies: A Guide to OJK Regulation No. 4 of 2024
This ARMA update delves into the essential elements comprehensively outlined in OJK Reg 4/2024.
Income Tax Treatment on Natura and Benefit in Work Relations and/or Services Provision
This ARMA Update will discuss the main point of MOF 66/2023, especially regarding (i) general matter, (ii) exemption, and (iii) implementation of income tax of natura and benefit; which applied in work relation and service provision.
General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?
General Meeting of Shareholders (“GMS”) is listed among the three organs in an Indonesian limited liability company. It possesses distinct power and authority that are not granted to the other company’s organ: the Board of Directors (“BOD”) and Board of Commissioner (“BOC”). In exercising its authority, the GMS must pass resolutions that require a specific mandatory quorum.
Determination Of 2023 Motor Vehicle Tax (PKB) And Exemption Of Duty On The Transfer Of Motor Vehicle Ownership (BBNKB) And PKB For Electric Vehicles (EV)
This ARMA Update will discuss the calculation of PKB, especially on the special policy of PKB for EV, apart from the determined PKB contained in the appendix of MoHA Reg 6/2023.
Peraturan KPPU No. 3 Tahun 2023 The New Revamped Merger Control Regulation in Indonesia
This ARMA Update will further discuss the key changes of merger control regulation based on KPPU Reg 3/2023, including (i) threshold and calculation of asset and sales values, (ii) foreign-to-foreign merger transaction, (iii) the exemption of notification to KPPU, (iv) and the notification system itself.
Business Licensing and Investment Facilities in Ibu Kota Negara Nusantara (Nusantara Capital)
This ARMA update will discuss the main points on GR 12/2023, such as (i) business licensing in IKN; (ii) ease of business in IKN; and (iii) investment facility in IKN.
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”)…