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Company Dissolution – Who is it for and what are the benefits
Running a company is definitely a challenging activity. And over time, some companies would rather move back to head to bankruptcy. This may lead to a final decision of dissolving a company.
Company dissolution in Indonesia initially is the process of removing the legal status of a company as a legal entity. Therefore, when a company declares a dissolution, it should terminate all the company activities legally.
Just like how it’s established, the dissolution of a company cannot be done casually. In order for the loss of legal entity status to be recognised, the owners still need to fulfil several requirements and take legal steps according to procedures.
Dissolving a company through Lets Move Indonesia will save you effort, time and money due to our efficient services and competitive prices. We ensure your company dissolution runs accordingly based on the current regulations in Indonesia.
Common Questions
Which article from Indonesian law includes the regulations about Company Dissolution in Indonesia?
The law source for dissolution refers to Company Law No.40 the Year 2007
How long is the estimated time to dissolve a company completely?
Completing a company dissolution can take 2 years at most.
Is there any different procedure for dissolving a PT and PMA?
No, both PT and PMA have the same procedure.
Steps to do your Company Dissolution with Lets Move Indonesia
- Make a GMS circular about this acquisition
- Announce in the newspaper that the Company will Dissolute the Company
- Creating the Deed of Dissolution with the Notary
- Announce in the newspaper that the Company Dissolution is complete
- Revoking all Company Documents
- Announcement letter from the Notary that the company is already dissolved completely.
Requirements
To be able to dissolve a PT, there are several required documents that KH Friend must fulfil, including:
- ID card and NPWP of Director and Committees;
- Deed of the establishment until the last amendment;
- Decree of the Ministry of Law and Human Rights until the last amendment;
- Minutes of the GMS;
- Company Domicile Certificate (SKDP);
- NPWP, Trade Business Licence (SIUP), and TDP/NIB;
- Proof of monthly and annual tax reports of PT.
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