Description
Several business fields are closed to foreign ownership. The only alternative for foreign investors to operate within these business lines is to establish a Local PT or Local Own Company PMDN (Penanaman Modal Dalam Negeri).
a Local PT. is a company set up for Indonesian citizens, with 100% local ownership. Foreign investors who are interested to set up a Local PT. Company can do so by setting up a Special Purpose Vehicle Company or purchasing a Shelf company.
The most crucial parts of this process includes: Appointing the right people as your Company Shareholder, Director, and Commissioner. Then drafting the right Shareholder Agreement.
