Individual foreigner or foreigner along with local Indonesian and/or foreign legal entity can establish a foundation under Indonesian Law. This is regulated under law number 16/2001 as amended by law number 28/2004. it’s also governed in the government regulation number 63/2008. Requirement needed for the establishment of foundation by foreigner are as follow: The foreign … Can Foreigner Establish a Foundation in Indonesia
Definition Foundation or “stichting” is defined by law number 16/2001 as a legal entity which comprises of separated wealthy and is established to reach certain goals in the field of social, humanity and religious. From the mentioned definition can be concluded that foundation can not generate profits. The goals of the Foundation establishment are limited … Establishment of Foundation in Indonesia
The establishment of limited liability company (“PT”) in Indonesia is governed under the law number 40 Year 2007 (40/7) regarding Company Law. This law supersedes the law number 1 year 1995 regarding company law. A. Requirement It is required minimum 2 (two) persons to establish a PT with notarial deed made in Indonesian language. The requirement of two people in … Company (PT) Establishment in Indonesia
In late 90s, Indonesian Laws regarding land has been amended. New laws are now permitted the foreigners to purchase apartments in Indonesia if the building has a strata title status . Moreover, the foreigners can not hold the strata title of ownership of the apartment. The foreigners only can hold the right of use of … Can Foreigner Own Apartment in Indonesia