To promote the local business activities Indonesian government have imposed some restrictions on the foreign investments to the country. Not all type of business sectors are open for foreign investors. On May 25, 2010, the Indonesian government issued Presidential Regulation No. 36 of 2010 on Negative Investment List (DNI), which is further amended on 23 April 2014 to Presidential
DetailsIn accordance with Indonesian Company Law No. 40 year 2007 (Undang-Undang Republik Indonesia nomor 40 Tahun 2007 tentang Perseroan Terbatas) a “Limited Liability Company” (PT-Perseroan Terbatas) means a legal entity which constitutes a coalition of capital established agreeable to a contract in order to carry out business activities with an authorized capital all of which
DetailsIn accordance with Indonesian Company Law No. 40 year 2007 (Undang-Undang Republik Indonesia nomor 40 Tahun 2007 tentang Perseroan Terbatas) a “Limited Liability Company” (PT-Perseroan Terbatas) means a legal entity which constitutes a coalition of capital established agreeable to a contract in order to carry out business activities with an authorized capital all of which
DetailsThe Indonesian government is currently tightening the policies to regulate Foreign Workers (TKA-Tenaga Kerja Asing) in order to protect the Indonesian Labor by issuing regulations on Job Positions (Jabatan) which can be occupied by foreign workers. And provisions are being made to strengthen the knowledge base of Indonesian Labor by appointing them as Work Companion
DetailsForeign Direct Investment (PMA-Penanaman Modal Asing) Company is a Limited Liability Company Incorporated in Indonesian territory by a Foreign Investor using Foreign Capital or Joint Venture with Domestic Investor/s. It is the most common presence for a foreign investor who wish to invest and engage in Business Activities in Indonesia. Incorporation of the Foreign Direct
DetailsForeign Company Representative Office (KPPA- Kantor Perwakilan Perusahaan Asing) is an office incorporated by an overseas company to represent itself in Indonesia. Foreign Company Representative Office usually has limited functionality and generally are prohibited from directly engaging in operational activities; signing contracts; issuing official invoices, receiving payments from its clients, and directly engaging in any
DetailsOn June 29, 2015 the Minister of Manpower of Repulbic of Indonesia issued a new regulation number 16 Year 2015 Regarding Procedures for Employment of Foreign Labour in indonesia (PERATURAN MENTERI KETENAGAKERJAAN REPUBLIK INDONESIA NOMOR 16 TAHUN 20I5 TENTANG TATA CARA PENGGUNAAN TENAGA KERJA ASING). This new regulation eliminated the regulation number 12 year
DetailsIn accordance with the enactment of Permenaker No.16 2015 regarding the Procedures for Foreign Manpower, starting Monday, August 31, 2015 TA.01 (Reccommendation for VITAS- Limitd Stay Permit) process is being eliminated. Directly IMTA (Ijin Mempekerjakan Tenaga Kerja Asing or Work Permit will be processed after RPTKA (Rencana Penggunaan Tenaga Kerja Warga Negara Asing) – Expatriate
DetailsDPKK – Dana Pengembangan Keahlian dan Keterampilan (Expertise and Skills Development Fund) is the compensation paid by Indonesian based companies or employers for hiring the foreign workers. DPKK is paid directly to the Department of Manpower (DEPNAKER), Indonesia (in accordance with the Manpower Act No. 13 Year 2003). This compensation is intended to support
DetailsNaming a Limited Liability Company (Perseroan Terbatas) can be a troublesome activity in Indonesia. The name of the company must be checked and registered in Ministry of Law and Human Right at the beginning of Company Formation Process. This process is carried out by a Public Notary and can take 3-5 working days. The investor
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