The time needed to process this application, is about : Thirty ( 30 ) working days.
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– Company Board Formation/Directors and Share – Two ( 2 ) Indonesian persons with photocopies of their Identity cards. ( This will be explained on the following pages ) The law and the requirements for this type of company mentioned above is the same for Indonesian citizens and for foreigners alike, who want to establish a company in Indonesia and must follow the same regulations about foreign investment. The responsibility of the shareholder is limited just to the amount of the total share that has been deposited.The wealth and the debt of company apart from the wealth and the debt of shareholder.1 1995 in paragraph 1,this article 1 give a definition that a Limited Liability Company ( PT ) is a cooperate body which was established and based on the agreements that in making business activity with the total basic capital divided into these contributions and fulfils the requirement which has been passed in law.Ī Limited Liability Company is established by two ( 2 ) persons or more and has these basic characteristics as follows : The term,” Limited Liability Company”comes from Dutch commercial law, NV ( Naamloze Veinoot Scaap ) and in French its called SA ( Societe Anonyme ).Īccording to the law of Indonesia Republic No. This is the Limited Liability Company is an association with capital, and is an independent cooperate body.
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The Limited Liability Company is the most common type issued in the Indonesia Commerce world. There are 3 different type of companies, which are known in the Indonesia commercial law system, they are as follows : LIABILITY COMPANY ( PT/ CV/ UD/ Foundation )