Posts by adminbpl
WHAT DOES ESOP MEAN?
WHAT DOES ESOP MEAN? Employee Stock Option Program (ESOP) is a program that provides the employees a right to be shareholders of their own company. It is possible for the employees to be the shareholders since the main aim of this program is giving incentive for the employees by giving the share of the company.…
Read MoreThe Latest Rules for Granting Visas to Chinese Citizens due to COVID-19
The Latest Rules for Granting Visas to Chinese Citizens due to COVID-19 Applicants must attach a Covid-19-free healthy statement. Covid-19 or coronavirus first appeared and began to spread in Wuhan City, China in December. But now its spread is increasingly widespread, in Indonesia alone there have been two people who tested positive for corona on…
Read MoreSteps that You Need to Do after Knowing Recently Regulated Beneficial Ownership
Here are some steps that every business doer needs to do to comply with provisions regarding beneficial ownership. Following the steps of several countries that fight against cash flow from corporate fields into corruptions, money launderings, or terrorism funding, Indonesia has recently regulated the principal of beneficial ownership to combat crimes relating to corporations. In…
Read MoreA New Regulation! Violating These Manpower Norms, Business Actors Can Be Proceeded Directly to the Court
A New Regulation! Violating These Manpower Norms, Business Actors Can Be Proceeded Directly to the Court In the previous regulation, the implementation of manpower supervision for all manpower norms was carried out in stages. Judicial Repressive action is the last resort. Manpower is an important thing that must be considered by employers. To avoid loss…
Read MoreThese are the Requirements for Becoming a Peer to Peer Lending Provider in Indonesia
These are the Requirements for Becoming a Peer to Peer Lending Provider in Indonesia Borrowing and lending money directly by either written or unwritten agreements is a longstanding practice amidst society. This practice certainly persists because it is one way to obtain funds quickly that cannot be provided by financial service institutions in the Banking,…
Read MoreBusiness Actors Need To Know the Difference Between Trademarks and Patents
Business Actors Need To Know the Difference Between Trademarks and Patents Business actors often mention “Patent a Trademark”, apparently this term is not quite right because trademarks and patents are two different things. In some cases, business actors are still confused about determining the right intellectual property that has to be registered for their products.…
Read More5 Things You Need to Know Before Your Company Gets a Capital Injection from Foreign Investors
5 Things You Need to Know Before Your Company Gets a Capital Injection from Foreign Investors From the arrangement deciding the agreement forms to company status. At the end of February 2020, Tech in Asia reported that JD.id, a subsidiary of a company based in the People’s Republic of China JD.Com which conducts e-commerce activities…
Read MoreProcedures To Establish A Foreign Company In Indonesia
Procedures To Establish A Foreign Company In Indonesia A foreign company (or PT Penanaman Modal Asing, hereinafter “PT PMA”) is a distinct business entity to generate revenues, profit, or engage in sales directly in Indonesia which can be established by either foreign citizens or legal entities. This entity is regulated generally under the Legislation No.…
Read MoreThe Intricacy of a Work Agreement
The Intricacy of a Work Agreement Indonesian Labour Law is regulated under the Act of the Republic of Indonesia Number 13 of 2003 concerning Manpower [hereinafter, “Law No. 13/2003”]. The Law No. 13/2003 governs the general rules of labour to protect the fundamental rights of workers and to secure the implementation of equal treatment without…
Read MoreThe Differences between A Branch Office and A Representative Office
The Differences between A Branch Office and A Representative Office International investment has brought Indonesian economic climate to the peak of profitable business. However, an openness of a country towards international investment might drive to some issues. Hence, in a moment of early 21th century, Mr. Abdurrahman Wahid, the former President of Indonesia, proposed a…
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