Closing of Company(Dissolution)

Company Dissolution Services in Indonesia

Dissolving a company in Indonesia can pose a challenge for entrepreneurs due to complex tax, financial, and legal processes. Acquiring an expert in closing companies might be an efficient solution to support your business development.

Why Should You Choose Company Dissolution Services in Indonesia?

As a business owner, running your own company is always challenging. One of the biggest challenges that may arise is the possibility of a company dissolution.

Unfortunately, closing a company in Indonesia can be another burden if not systematically executed. Problems that come within the company, such as administrative problems, can also lead to the dissolution of the company.

Some other common reasons for dissolving a company in Indonesia are:

An expired incorporation term
An expired business license (a PT PMA business license or other operational license). Some cases may involve a license being revoked
A company has been dormant or has not been actively operating for the last three years
A company or a business is not compliant with the Indonesia Law
A company is bankrupt and unable to pay creditors with its assets

The Process of Company Dissolution in Indonesia

To dissolve a company in Indonesia a business is obliged to go through a liquidation process. In other words, liquidation is the process of clearing and settling the assets and liabilities of a closing company, either active or inactive in Indonesia, without going through the litigation process.

To approve the liquidation process, a company should assign a liquidator. The liquidator of the closing company can be represented by a legal consultant, a lawyer, or one of the Board of Directors (BoD) members during the process of winding up a company.

The appointed liquidator is responsible for announcing the dissolution in the State Gazette of Indonesia and the local newspaper agencies. Failure to do so will result in an ineffective liquidation.

The Time Frame for Company Dissolution

The process of closing a company can take between 1 to 1.5 years to complete. According to Act Number 40 of 2007 concerning Limited Liability Company, the steps to dissolve a company are as follows:

Indo Prime Indonesia as Company Dissolution Services Provider

LIQUIDATOR SERVICES

ONE-STOP SOLUTIONS

FAST PROCESS

LIQUIDATOR SERVICES

ONE-STOP SOLUTIONS

FAST PROCESS

Get in touch with Us

Frequent Asked Questions

How many types of business licenses are there in Indonesia?

There are two main types, namely, primary business licenses and non-primary business licenses. The primary ones commonly apply to various industries, such as general and industrial business licenses. Additional non-primary ones are included, depending on the operations of your business. Examples of non-primary business licenses are operational and commercial licenses.

Is it mandatory to apply for a permanent business license in Indonesia?

Yes, you must apply for it to be able to issue work permits for your foreign employees. This permanent business license is also a prerequisite for the applications for other business licenses and import licenses.

What Our Clients Say

After comparing several consultants, I found Indo Prime Indonesia is a international and professional organization with good understanding of local market. Indo Prime Indonesia helped our company to set up our first Indonesian entity, and also helps with day-to-day operation. Indo Prime Indonesia showed high level of professionalism. Jump start the business in Indonesia, take care of routine process, therefore we can focus more on our core business.

We were searching for suitable partner for the begining of our operation on Indonesian market. After short exploration and recommendation from our business partners we decided for Indo Prime. Local knowledge, orientation at our business problematics, contacts and language. In a friendly approach combined with professional service. Consultation before the project – avoids so much unnecessary act of “foreigners” worse overview of the Indonesian legislative.

We chose Indo Prime because we considered Indo Prime as a professional company with a good attitude and a streamlined business model. Indo Prime met all our expectations as it created the atmosphere of accountability and transparency. The most significant added values that we received from cooperation with Indo Prime are the time we saved and mistakes we avoided.

Indo Prime provided outstanding services in registering our representative office in Indonesia in a timely manner. Their financial services have been helping us a lot — our local employees feel secure working for our company. Indo Prime became our reliable partner with quick response on our needs. Their flexibility and full support of our business in Indonesia are the main reasons to continue in our cooperation.