Banner image: Palm oil concession of plantation company PT Mamuang, a member of the Astra Agro Lestari group, which is embroiled in land conflict with local communities in Central Sulawesi, Indonesia. Indonesia's Railway Renaissance. The Indonesian rail operator KAI remains one of the country's more well-run and capable state-owned companies. By James Guild. January 19, 2022. The railway Table of Contents hide 1) Open PT 2) Closed PT 3) Domestic PT (PT PMDN) 4) Individual PT 5) Foreign PT (PT PMA) 6) General Public PT This article provides a comprehensive overview of the various types of PT companies in Indonesia, including their definitions and characteristics. Also read: What is Perseroan Terbatas (PT) in Indonesia? It is important to note that all Limited Liability Companies (PT) in Indonesia are required to include "PT" as a prefix in their company names. Additionally, if a company is publicly listed, it should also add "TBK" at the end of its entity name. Quick links to the top 45 public listed companies in Indonesia's LQ45 index. To facilitate browsing within the following long list, here are links to go directly to the details of any LQ45 company. Astra Agro Lestari - Sector: Plantations. Adhi Karya - Sector: Infrastructure / Real Estate. Adaro Energy - Sector: Mining. A foreign-owned company (PT PMA) or a locally owned company (PT) is permitted to own land in Indonesia. You will be able to apply for the right to build (Hak Guna Bangunan - HGB) with a PT PMA. The land certificate will state the name of PT PMA where the company will be granted legally protected ownership. PT is the abbreviation for Perseroan Terbatas, and it means Limited Liability Company. Therefore, all company names in Indonesia must be preceded by "PT" once they are approved. This official name that starts with PT will be used in all permits, licenses and transactions owned by the company. PT. HAMANROKO which was established in 1986 in Jakarta, is one of Indonesia's leading Electrical and Mechanical contractor company and of the best in its field. PT.HAMANROKO boast an impressive national presence, focusing on four core Business Segments - Industrial Plants, Building, Infrastructures and Communications which give the company a uniquely wide scope of operations. This type of business license is generally considered the most popular in Bali and safe for foreign investors. It has a very clear process of registration of documents for registration, starting and closing. The founders of the company must only be citizens of Indonesia. The authorized capital of the PT must be at least 550 million IDR. Registering a PT PMA in Indonesia Post Covid-19. It is now much easier to register your business since 2020. Prior to the Covid-19 pandemic, a foreign investor would need to wait up to 2 months to get their company set up and registered. As of last year, the process is much faster, sometimes no more than 1.5 months to complete. Legally called: PT PMA. Business transactions: Allowed. Business activities: Commercial activity within allowed business fields or sector (based on Negative Investment List) Ownership: Up to 100% foreign, depending on the business sector. Paid-Up Capital: IDR 10 billion (excluding land and building value) Virtual office: Conditional yes. Perseroan Terbatas ("PT") is a limited liability company that is established under Indonesian law. The capital of a limited liability company is divided into shares and the responsibility of shareholders is based on the number of shares that he or she has. Choosing a PT PMA company name needs to consider several factors. In this article, we discuss how to choose a name for your company in Indonesia. info@letsmoveindonesia.com +62 21 300 297 27 +62 812 9260 0590; Visa Services. Visit Visas. Visa on Arrival Extension; Single Entry Tourist Visa; Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has signed a share subscription agreement to acquire an interest in Xurya Pte Ltd. ("Xurya"), the parent company of the Indonesian distributed solar developer for C&I customers, PT Xurya Daya Indonesia, subject to the satisfaction of certain conditions under the share subscription agreement. Steps to Company Dissolution in Indonesia. To close your business, you must comply with the following steps: Propose and resolve the dissolution at a General Meeting of Shareholders (GMOS). Appoint a liquidator. Announce the dissolution in the newspaper and State Gazette of the Republic of Indonesia. This step must be completed within 30 days PMpdJM.

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