Closing of Company (Dissolution)
Company Dissolution Services in Indonesia
Due to complex tax, financial, and legal processes, dissolving a company in Indonesia can be difficult for entrepreneurs. Acquiring a closing company expert could be a cost-effective way to support your company’s growth.
- Reasons to Utilize Company Dissolution Services in Indonesia
As a business owner, running your own company is always challenging. One of the biggest challenges is the possibility of dissolving a company.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 company dissolution in Indonesia are:
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- 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 in compliance with Indonesia Law
- A company is bankrupt and unable to pay creditors with its assets
- Company Dissolution Service in Indonesia: How to Dissolve a Company
To dissolve a company in Indonesia, a company should assign a liquidation process. In other words, liquidation is the process of clearing and settling the assets and liabilities of a closing company in Indonesia, whether active or inactive, without resorting to litigation.A company should appoint a liquidator to approve the liquidation process. While winding up a company, the liquidator can represent by a legal consultant, a lawyer, or a member of the Board of Directors (BoD). The liquidator is in charge of publicizing the dissolution in the Indonesian State Gazette and local newspaper agencies. If this is not fulfilled, the liquidation will be ineffective.
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:
| No | Legal Steps | Duration (Working Days) |
| 1 | Article of dissolution issued by the notary (step 1) | 5 |
| 2 | Newspaper publicity (1st) | 3 |
| 3 | Approval from Ministry of Law and Human Rights | 60 |
| 4 | NIB and SIUP Revocation at OSS | 30 |
| 5 | Taxpayer Identification Number and Tax Certificate Registration (NPWP & SKT) Revocation | 180 |
| 6 | VAT Enterprise(s) (SPPKP) Revocation | 180 |
| 7 | Article of dissolution issued by the notary (step 2) | 5 |
| 8 | Newspaper publicity (2nd) | 3 |
| 9 | Approval from Ministry of Law and Human Rights | 30 |
| 10 | Newspaper publicity | 3 |
| TOTAL PERIOD (Results may be varied) | 1-1.5 years |
Abisnis as Closing Company Service Provider in Indonesia
- LIQUIDATOR SERVICES
Abisnis can act as a liquidator in Indonesia and assist with all aspects of the closing company’s process. - ONE-STOP SOLUTION
Abisnis is a leading one-stop consultancy firm that will handle the entire process of terminating your company’s legal status in Indonesia. - FAST PROCESS
Many external conditions determine the duration of closing a company in Indonesia, but Abisnis ensures that no significant delays will occur. We guarantee the fastest dissolution process due to our extensive experience in the Indonesian market and network.
