Company Dissolution Service
In Indonesia, a company must go through the liquidation procedure to be dissolved. It means that in Indonesia, a company’s assets and liabilities can be settled through liquidation rather than litigation.
Company Dissolution Service
Dissolving a Company in Indonesia
It's never easy being the boss of your firm. The potential for a company's dissolution is one of the most difficult outcomes that may occur. Company dissolution in Indonesia might be a further hassle if not handled methodically.
In Indonesia, a company must go through the liquidation procedure to be dissolved. It means that in Indonesia, a company's assets and liabilities can be settled through liquidation rather than litigation.
Steps to Company Dissolution in Indonesia
The corporation must follow the proper procedures for dissolution as outlined in the Company Law. A business can be dissolved by completing these steps:
- Dissolution Proposal
- Involvement of a Liquidator
- Dissolution Pronouncement
- The Minister of Law and Human Rights must provide permission for the dissolution (MoLHR)
- Distribution of Assets to be Announced
- Annual Shareholders' Meeting for Property Distribution
- Minister of Justice and Human Rights Approval (MoLHR)
- Reaching the end of the liquidation phase
Business registration in Indonesia is straightforward, and the country actively encourages new venture creation. Setting up a business is simple, but successfully running it is challenging. Standard procedures for dissolving a company must be followed before the business can be officially closed. To begin, it needs the backing of shareholders or a court order.
Either 10% of the company's shareholders must vote in favor of dissolution, or the liquidator must be appointed. If everything goes smoothly, it will take six to eight months, all of which are workdays. Otherwise, it could take 11–12 months.
Why Choose Us as Partner
Contact Us For Consultation
We’re here to assist you with liquidating your business because it’s not a simple or quick task. When it comes time to wind down your company’s legal existence in Indonesia, look no further than Elmar Consultant, a premier one-stop provider.
With over 10 years of experience, we will ensure your liquidation process is smooth and easy, guaranteed with our vast experience and network.
