Company deeds in Indonesia – Doing business company in Indonesia requires navigating regulations and legalities. Occasionally, circumstances may necessitate amending your company’s legal documents. This article provides a general overview of the process for amending company must have documents in Indonesia, focusing on Jakarta and Bali, popular expat business destinations.
Common Business Documents that need Amendments – Company Deeds in Indonesia
Several company documents can be amended in Indonesia, including:
Articles of Association (Akta Pendirian)
This foundational document outlines your company’s structure, purpose, and key details. Amendments might involve changes to share capital, company name, or business activities.
Deed of Establishment (Akta Pendirian)
This document formalises your company’s establishment. Amendments are necessary for changes in shareholders, directors, or commissioners. The requirements in Indonesia can be complex with the local standard .
Tax Identification Number (NPWP)
Any changes to your company structure or location might require updating your NPWP.
Business License (NIB)
Similar to the NPWP, changes in your company’s investment operations may necessitate revising your own NIB.
Director and Commissioner Appointments
Changes of board of directors in leadership require amendments setting the new appointees.
Company Address (Domisili)
If your company relocates, establish the official address issue needs to be updated.
Business Activities (KBLI)
Expanding your business country scope might necessitate revising the KBLI code to reflect new activities.
General Procedures for Amending Documents
Apply general process for amending legal documents involves these steps:
- A General Meeting of Shareholders (GMS) is required to approve the amendments.
- A notary public will then draft and finalise a deed reflecting the approved amendments.
- In certain cases, like changing the company name, approval from the Ministry of Law and Human Rights might be necessary.
- Following the legal entity amendments, relevant government agencies like the tax office need to be informed of the changes.
Benefits of Using a Legal Consultant
Amending legal documents can be intricate, and navigating the process independently can be time-consuming and prone to errors. A legal business consultant offers significant advantages:
- Expert Consultants understand the value legalities and ensure a smooth, compliant amendment process.
- They streamline the process, saving you valuable time and minimising disruptions.
- Consultants ensure all documents are amended correctly, avoiding potential rejections and delays.
- For English-speaking expats, consultants can bridge the language gap during communication with authorities.
Amending Director/Commissioner Appointments
Let’s use a common submission scenario: a crucial change in company directorate general or commissioners. Here’s what you need to know:
Amendments Requirement Registration
The registration process of Articles of Association and Deed of Establishment (SK) need to be updated with the new appointees’ details.
Processing Your Company in Indonesia Amendment
With Consultant
An individual consultant will guide you through the entire process, including drafting resolutions for the GMS, obtaining the notary deed, and liaising with relevant ministries. Consult with the professional for updated laws and regulations.
Without a Consultant
The register process becomes more complex, requiring you to navigate legalities of company law and potentially encounter delays due to errors or incomplete documentation.
Additional Considerations before Register
- Timelines: Amending documents status can take several weeks, depending on the complexity and any ministerial approvals required.
- Expect associated fees for notary services, government filings, and potentially consultant services.
Amending company documents in Indonesia is achievable, but seeking the assistance of a legal business consultant like Lets Move Indonesia representative can significantly ease the process. Their expertise ensures a smooth, efficient, and compliant amendment, allowing you to focus on running your business.
Lets Move Indonesia is a reliable business consultancy firm that offers a wide range of services for both local and foreign organisation companies. These services include various company registration types contain issuance, tax compliance, work permits, and more. By working with Lets Move Indonesia, you can focus on launching your venture in Indonesia while they handle your business application with care and efficiency management.
Do you plan to revise your company’s legal documents? Let our partner Lets Move Indonesia help!
