Overview
The speaker explains the legal requirements and step-by-step process for establishing a limited liability company (PT) in Indonesia, highlighting necessary documents, capital, and administrative procedures.
Legal Basis and Founders
- Establishing a PT is governed by Law Number 40 of 2007 concerning Limited Liability Companies.
- A minimum of two founders is required, who act as company administrators (Director and Commissioner).
- Each founder must hold a position as an organ of the PT.
Business Sector and Name Registration
- The specific business field must be identified in accordance with KLBI regulations.
- The PT name must be at least three words, in Indonesian, and not already registered by another company.
- Name reservation is required and processed through a notary, with a fee for each attempt.
- If the preferred name is already used, alternative names must be submitted until approval is granted.
Required Documents and Notary Role
- Founders must provide ID cards, tax numbers (NPWP), company stamp, phone number, email, founders’ photos, location of the business, and location plan.
- Minimum authorized capital for a PT is 50 million Rupiah.
- The composition of each founder's paid-in capital must be specified.
- Notary assists with preparing the articles of association, deed of establishment, and company name reservation.
Administrative Process and Timeline
- Notary also helps in obtaining the company's NPWP and processing relevant permits.
- The establishment process, from document submission to official approval from the Ministry of Law and Human Rights (Kemenkumham), typically takes one to two weeks.
Decisions
- Document and business field requirements clarified for establishing a PT
- Emphasis on using a notary for administrative and legal processes
Action Items
- TBD – Founders: Prepare all required documents and identify the business field for the new PT.
- TBD – Founders/Notary: Reserve and obtain approval for the company name.
- TBD – Notary: Draft the articles of association and deed of establishment.
- TBD – Notary: Obtain company NPWP and process permits.