Legal Updates
Steps 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 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 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 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…
Read MoreWhat Fiscal Benefits You can Get from Doing Business in Indonesia
What Fiscal Benefits You can Get from Doing Business in Indonesia Investment and import sectors have been very popular amongst businessman in the present day. To encourage the growth of those sectors, especially in Indonesia whose economic grows steadily, the Government enacted laws about fiscal facility that give benefits for the investor and also the…
Read MoreDistribution Permit to Sell Herbal Medicine in Indonesia
Herbs have more value in terms of health and medical treatment. The varieties in herbs contain certain substances, which function as medicine and supplement that a human body needs. The production of medicine made out of herbs, otherwise known as Herbal Medicine, does not go through chemical processes. However, the herbal medicine produced is not…
Read MoreThings You Need to Know in the Latest Regulation Concerning E-Commerce
Nowadays, Online shopping becomes a daily life for Indonesian people, even some of them prefer to do online shopping rather than conventional shopping. Changes in shopping habits have led to the development of online shopping provider platforms, known as market places such as Tokopedia, Bukalapak, Shopee and so on. More numbers of trading through electronic…
Read MoreClass Action 101: How to File a Class Action Lawsuit in Indonesia?
Have you ever thought of filing a lawsuit of a class action in Indonesia but still confused about what to do? No problem, find out the procedure here. Today, plenty of legal solutions do not provide justice to the public. There have been many governmental policies—instead of prioritizing the people—cornering them and increasing poverty…
Read MoreLet the Credible Law Firm Help You Manage Your Food’s Distribution Permit!
Not only does Indonesia majorly export oil and gas but the archipelagic state is also where the food and beverage industries flourish progressively. There is no wonder that the sectors are seriously watched and highlighted by the local government. In consonance with cekindo.com, the annual turnover of Indonesia’s food and beverage industry successfully reached…
Read MoreValidity of Electronic Signatures in Online Transactions In Indonesia
Electronic signatures can be utilized to validate a document or contract between two parties without the needs of having a face-to-face meeting. It is really efficient for online-based companies and people whose activities are usually done online. Aside from the functionality and practicality of electronic signatures, one question frequently arises in the minds of the…
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