Home Blog How to Apply for SIUJK and Oil & Gas Licence Indonesia? Business Licenses | Business Setup | Company Registration | Indonesia How to Apply for SIUJK and Oil & Gas Licence Indonesia? InCorp Editorial Team 12 August 2015 3 minutes reading time Table of Contents There will be the application procedure as the requirement of the SKT Migas, that is: These documents are the company’s data that need to be attached to the SKT application, which include: Do you want to know more about SIUJK and SKT Migas Indonesia and how to apply for these particular licenses? Read more… Indonesia is known as a country that rich in natural resources especially for the oil and gas resources. This condition triggers the increasing number in oil and gas activities either in domestic or abroad. For those companies who decide to invest or conduct the business in oil and gas industry, of course they are responsible for fulfilling the licence and other application requirements. Basically, the regulations regarding to oil and gas business in Indonesia is arranged in the Minister of Energy and Mineral Resources No. 27 Year 2008 on Business Operations Support Oil and Gas. SKT Migas is the Oil and Gas listed certificate that given by the Directorate General of Oil and Gas to the business entity that has registered its business as the supporting oil and gas of the Directorate General of Oil and Gas. SKT Migas (Indonesia Oil and Gas Regulatory Body) registration will be issued from the Ministry of Energy and Mineral Resources. SKT Migas will take one week time to be issued with the completely prepared and accurate documents. There will be the application procedure as the requirement of the SKT Migas, that is: 1. The company (applicant) applied for a petition to the General Director of Oil and Gas Up, the Director of Engineering and Oil and Gas Environment within the statement letter. 2. The appointed Migas party and the involved agency will conduct survey in the company’s location in order to conduct check and verification of enterprise data based on the filled petition of the company. 3. If the examination and verification results of the company data meet the requirements, then the Director General of Oil and Gas cq. Director of Engineering and the Environment will issue SKT Oil and Gas. It is required to the companies both public and private companies that follow the government tenders as the supporting oil and gas companies. The validity period of SKT Migas is three years, starting from the issuance date. The process of registration certificate issuance consist of three activities. First is request for application, the second one is the preparation of necessary documents at the application time, and the third is the process of issuance of SKT Migas certification. The company (applicant) have to provide and submit some documents. These documents are the company’s data that need to be attached to the SKT application, which include: a. labor including technical personnel in sufficient numbers; b. have the required tools; c. have a mastery of technology; d. have sufficient working capital; and e. performance (performance) of the Company. Finally, if the applicant has already gotten the SKT, then the applicant can continue to the next step, which is managing the construction business service (SIUJK). Related article: Licensing Procedures for Imports and Exports of Oil, Gas and Other Fuels in Indonesia As one of leading market entry and business consulting firms in Indonesia, Cekindo has extensive experience in assisting foreign companies and entities in obtaining SIUJK and Oil & Gas License. You may consult with us whenever you face issues with Oil & Gas license in Indonesia. Our wide range of services help make your business in Indonesia hassle-free. Read Full Bio Verified by Daris Salam COO Indonesia at InCorp Indonesia With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships. Frequently Asked Questions Can you provide pricing examples for company registration services? To provide you with accurate pricing information for our product registration services, we consider the complexities of your inquiries and the dynamic nature of regulations in Indonesia. As a result, the pricing for the service may vary accordingly. For detailed information, don’t hesitate to contact our consultants. Can an individual or a business organization be a shareholder in a PMA company, and is there a minimum number required? A limited liability corporation is required by Indonesian company law to have two or more shareholders, who may be either a legal entity or an individual. The foreign investor must find a second shareholder to own shares in the PMA firm for investments that are 100% open, which could be an affiliated party. Can investors own shares with preferential rights? Under Indonesian Company Law, shareholders can hold shares with various preferential rights, such as voting rights, nomination rights for board members, priority dividend or liquidation proceeds, and options for conversion or withdrawal after a set period. Can you have a nominee arrangement when setting up PMA? A nominee arrangement is an arrangement that uses another person’s name as a subject. In Indonesia, it is prohibited. This restriction aims to prevent situations where a company is owned by one party but beneficially owned by another. According to the law, any nominee agreement between a local party and a foreign investor is deemed null and void. Get in touch with us. 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Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind. We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials. We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website. More on Business Licenses Investing in the Indonesia Tourism Industry: Opportunities on Trikora Coast Read more Why Indian Firms Should Expand to Indonesia Read more The Future of Manufacturing Industry in Semarang, Indonesia Read more