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Limited Liability Company (“LLC”) establishment procedure in Indonesia consists of various factors ranging from a certain amount of capital to numerous documents that must be owned. The task of an LLC establishment can prove to be difficult. In this article, we’ll discuss the topic of LLC’s capital structure that will entail details regarding the new […]

In our previous article, “Indonesia’s Limited Liability Company’s Capital Structure”, we discussed the general understanding regarding the structure of capital of Limited Liability Companies (“LLC”) in Indonesia. Today, we’ll discuss on the procedure for either the ‘Increase’ or ‘Reduction’ of said capital. What Does An ‘Increase’ & ‘Reduction’ of Capital Mean? First and foremost, each

Limited Liability Company (“LLC”) establishment procedure in Indonesia consists of various factors ranging from a certain amount of capital to numerous documents that must be owned. The task of an LLC establishment can prove to be difficult. In this article, we’ll discuss the topic of LLC’s capital structure that will entail details regarding the new

What is a franchise? Franchise or Waralaba in Bahasa Indonesia, is a special right that is granted to individuals and/or businesses in relation to certain business systems with business characteristics that involve the promotion of goods and/or services, that have been proven successful and that may be utilized and/or used by other parties based on

According to the law, Business Actors are allowed to submit application for Business Licensing, whether as: Individuals, Business Entities, Representative Offices, or Foreign Business Entities. Each of these criterias have its own requirements and regulations that organize it. In this article, we will discuss in further details the case of Foreign Business Entity. Fore a

Valentine’s day, February 14th 2024, or the election day, if you are in Indonesia is the date you have probably seen being mass broadcasted in social media (way too often) for the last few months. Whether you are only a visitor or temporarily staying in Indonesia for certain period of time, the election day is

In accordance with Regulation of the Minister of Health Number 30 of 2023 on Narcotics, Psychotropics, and Pharmaceutical Precursors (“Regulation of the MInister of Health 5/2023”), drug distribution is conducted by the pharmaceutical industry (“PBF”). The Pharmaceutical industry is further divided into Big Pharmaceutical Companies, Governmental Pharmaceutical Installation, Hospital Pharmaceutical Installation, Pharmaceutical Clinic Installation, and

Definition In Indonesia, the law regulating drugs are divided into several categories: Narcotics, Psychotropics, and Pharmaceutical Precursors. The definition given by Regulation of the Minister of Health Number 25 of 2023 on Narcotics, Psychotropics, and Pharmaceutical Precursors (“Regulation of the Minister of Health 25/2023”), Article 1 states that Narcotics are substances or drugs which can

Overview Representative office of Foreign Construction Service Business Entity (Badan Usaha Jasa Konstruksi Asing or ‘BUJKA’) is a Business Field that is established under the Foreign Construction Service Entity’s country of origin and is equalized within the status of other LLCs that work in the construction service business field. For a BUJKA to be established,

There are many roads to Rome… Or so as the saying goes. It is a well-known secret when it comes to building PT PMA (Foreign Investment Company) in Indonesia, foreign investors might find themselves facing a tumultuous and taxing journey. From significant paid-up capital to having to gain certain business licensing, the journey to establishing