update from ministry of law and human rights new regulation on capital submission proof
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Update from Ministry of Law and Human Rights: New Regulation on Capital Submission Proof Jakarta, September 2016
The newest regulation is issued for better and easier bureaucracies that finally can increase foreign investments, which will bring benefits for the development of micro, small, medium, and large enterprises in Indonesia.
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Most recently, the Government Regulation No. 7 Year 2016 on Authorized Capital if Limited Liability Companies, which was effective from 21 March 2016, has been amended by the Government Regulation No. 29 Year 2016 (PP No. 29/2016) on Authorized Capital if Limited Liability Companies Amendment, which is valid from August 2016.
For further info, visit: www.cekindo.com. email to: [email protected], phone: 021-80660900
PP NO. 29/2016
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Under this new regulation, the company has to state its capital in its article of association. This is based on the statement stated in the company’s deed of establishment.
The company owners are given the rights to decide their capital in accordance to the company’s net worth criteria decided for micro, small, medium, or large enterprises. It means that the company’s authorized capital is highly depended on the size of the business and the field of expertise it is running.
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For further info, visit: www.cekindo.com. email to: [email protected], phone: 021-80660900
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Based on recent BKPM regulation, the authorized capital for foreign company should exceed IDR 10 billion, while the paid-up capital is 25% of authorized capital or more than IDR 2,5 billion. The new government regulation regulates that the paid up capital must be proven legally and the legal proof must be submitted to the Minister of Law and Human Rights to be authorized. This step is to make sure about the quality and the ability of the company to run its operations in this country based on the prevailing laws and regulations in Indonesia.
The deadline to submit the capital submission proof is 60 (sixty) days after the signing of the company’s deed of establishment. This process must be done online.
For further info, visit: www.cekindo.com. email to: [email protected], phone: 021-80660900
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The Classification Of Micro, Small, Medium And Large Enterprises
A company is considered a micro, small, medium or large enterprises if they have the net worth of the following: 1. A micro enterprise has the net worth up to IDR 50 million. 2. A small enterprise has the net worth between IDR 50 million and IDR 500
million. 3. A medium enterprise has the net worth between IDR 500 million and IDR
10 billion. 4. A large enterprise has the net worth above IDR 10 billion.
For further info, visit: www.cekindo.com. email to: [email protected], phone: 021-80660900
Due to the changing nature of laws and regulations in Indonesia, we understand that this new regulation may trigger you to have some questions. Cekindo is very open to help you and answer all of your questions briefly and correctly so that you can run your business smoothly and legally in Indonesia. Simply send your inquiries to [email protected] for a fast response
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Our Vision
To be leading consulting firm of business services to clients expanding and operating in Indonesia.
Our Mission
To provide full-range of market-entry and corporate services to enable our clients to focus on their core business and activities in Indonesia and beyond.
PT. Cekindo Bisnis Grup is a leading consulting firm of Market-Entry and Corporate secretarial services to clients expanding and operating in Indonesia and further to Southeast Asia.
Our Values Client-focused Excellence performance Knowledgable locally Integrity moral Normative operations standards Delivered on-time One stop services provider
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Senior Advisor Prof. Dr. Rahardi Ramelan
Relevant Experience
Mr. Ramelan is currently Senior Advisor at PT Cekindo Bisnis Grup. Hi is a Research Professor at the Agency for the
Assessment and Application of Technology. The honorary degree of Doctor Honoris Causa from Monash
University, Australia and Northeastern University Boston.
Minister of State for Research and Technology of the Republic of Indonesia and Chairman of the Agency for Assessment and Application of Technology (BPPT) in the Seventh Development Cabinet of the Republic of Indonesia.
Minister of Industry and Trade in the Development Reforms Cabinet of the Republic of Indonesia and Chairman of National Logistic Agency.
Deputy Chairman for Industrial Analysis and Vice Chairman of the National Development Planning Agency of the Republic of Indonesia
Several management positions and responsibilities related to Indonesian Aviation industry, the Weapon industry.
Prof. Dr. Rahardi Ramelan
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Principal Consultant Michal Wasserbauer
Michal is currently Principal Consultant at PT Cekindo Bisnis Grup. He has more than 5 year‘s experience in the
Corporate Market research, Strategy and Evaluation Expansions, Business Consultancy, and Preparation of
Business Feasibility Studies. He has worked for various industries, namely Grocery and Marchandise Retail,
Energy, Medical Device, Heavy and Automation Industries.
+6281282300584 | [email protected]
Michal Wasserbauer
Market opportunities valuation Investment analysis Performance management Feasibility studies
Strategy planning Stakeholder management Marketing consultancy
Profile Overview
Relevant Experience
Relevant Skills
Multinational grocery and general merchandise retailer: Capital Investment Appraisals
World‘s largest student and recent graduates-run organisation: Financial Controller
International consultation company: Market Expansion Consultant
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Principal Consultant Nurmia Agustina
Nurmia is currently Principal Consultant at PT Cekindo Bisnis Grup. She has wide experience in the areas of Business
Development, Legal Corporate Restrictions, Business Consulting, Project Management, Market Development &
Entry Strategy, Sales & Distribution, Management Strategy, Recruitment, Visa & Work Permit, and Change
Management. She has worked for various industries, namely Energy & Resources, Telecommunication, Retail,
Pharmaceutical & Medical, Financing, Non-Profit, IT and Heavy Industries.
+628119691987 | [email protected]
International Management company: Management & Legal
consultant
Chamber of Commercial: Head of Business Processing Section
Nurmia Dwi Agustina
Corporate law Outsourcing processes Company formation Acquisitions Project Management Competitive Analysis
Business Planning Risk Management Talent Management Strategy Recruitment Visa & Work Permit Change Management
Relevant Experience
Relevant Skills
Profile Overview
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Selected Clients
PT. Cekindo Bisnis Grup
Grand Slipi Tower 9th floor Jl. Letjend. S. Parman Kav 22-24 Jakarta - 11480 Indonesia [email protected] +6221 80660900