Home Blog Pandu Biasramadhan Beauty | Business Licenses | Business Setup | Business Visa | Company Dissolution | Company Registration | Corporate Recovery Insolvency | Dependent Visa | Driving License | Food & Beverages | Halal Certification | Health Supplement | Household Products | Immigration Services | Import License | Indonesia | Investor KITAS | Jakarta | KITAP | KITAS Work Permit | Land Property Ownership | Local Distributor Partner | Local Partner Distributor | Local PT | Market Research Analysis | Medical Device | Mergers & Acquisitions | More Services | Office Services | Opening Bank Account | Other | Product Registration | Promotion | PT PMA | Representative Office | Retirement Visa | Serviced Office | Shelf Company | SNI Cerfificate | Social Visa | Special Purpose Vehicle | Trade Mission | Trademark Registration | Virtual Office Pandu Biasramadhan InCorp Editorial Team 5 January 2024 0 minute reading time Table of Contents Read Full Bio Pandu Biasramadhan Senior Consulting Manager at InCorp Indonesia An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.
Home Blog Company Dissolution Services in Indonesia Company Dissolution Services in Indonesia InCorp Editorial Team 13 June 2024 3 minute reading time Table of Contents Why Should You Choose Company Dissolution Services in Indonesia? The Process of Company Dissolution in Indonesia The Time Frame for Company Dissolution InCorp Indonesia as Company Dissolution Services Provider 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 Consult with us 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. Contact our consultants 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: InCorp Indonesia as Company Dissolution Services Provider 1LIQUIDATOR SERVICES InCorp can act as a liquidator in Indonesia and assist in conducting all the steps of the process for the closing company. 1ONE-STOP SOLUTIONS InCorp is a leading one-stop consultancy provider and will handle the whole termination process of your company’s legal status in Indonesia. 1FAST PROCESS The duration of closing a company in Indonesia depends on many external conditions, but InCorp ensures that no major delays will occur. We guarantee the fastest dissolution process thanks to our vast experience in the Indonesian market and a vast network.