Company dissolution
in Indonesia.

When you decide to discontinue doing business in Indonesia, you will have to go through the official process of closing your business. Acclime can help you go through the steps of liquidation and dissolution of the company.

Company dissolution in Indonesia

Closing your company in Indonesia with finality in three steps.

Evaluating your business

Acclime will evaluate the status of your company and provide a suitable method to dissolve or liquidate it.

Preparing the paperwork

Our team will issue legal documents required to close the business and help with the removal of any licenses.

Filing with the relevant authorities

The dissolution will be filed with related authorities in Indonesia.
Company dissolution services

Types of company dissolution.

By having legal, tax and accounting experts in our team, we provide a one-stop service for company dissolution. We will ensure that all perspectives will be covered during the process for the benefit of clients so the company can be dissolved correctly and in an orderly way.

  • Company liquidation

    To dissolve a company in Indonesia, the company must go through a formal liquidation process. Our activities will cover:

    • The company has never commenced business or operations, has ceased to carry on business or ceased activities for more than three months immediately before the application
    • The company has no assets or outstanding liabilities
    • Convening a general meeting of shareholders where Acclime will be appointed as liquidator of the company
    • Capturing the result of the general meeting of shareholders, in the form of a notary deed (required for the completion of the registration of the deed in the official public notary)
    • Establishing the team for liquidation
    • Within not more than 30 days, the liquidator is required to notify all creditors of the winding up of the company through an announcement of the company’s winding up in a newspaper and the State Gazette of the Republic of Indonesia. Then, the liquidator must also notify the winding up of the company to the minister to be recorded in the register of companies that the company is in liquidation.
    • The liquidator must then determine the assets and liabilities of the company and determine a division of the assets which must be published in a newspaper and the State Gazette
    • Creditors may object within 60 days. If a resolution to any objection is not agreed, the District Court will determine the outcome
    • Convening a second general shareholder meeting to present the activities of the liquidation process and the expected outcome
    • Capturing the result of the second general shareholder meeting, related to the activities of the liquidation team, in the form of a notary deed
    • Announcing the result of the second general shareholder meeting with regards to the liquidation process in a daily newspaper
    • Apply to revoke BKPM license
    • Filing notice and request for company liquidation with the Ministry of Law and Human Rights
Charged hourly

Dormant company status.

Let us help you cut down any unnecessary costs by applying for a dormant status. A dormant company is a company that has been registered but is not receiving any form of income or carrying out any business activities. You can always change your status from dormant to active when you are ready, or you can close down the company.
FAQ

Common questions.

How long does it take to liquidate a PMA company?
It can take approximately one to two years to complete a liquidation process.
What are the investors’ obligations as shareholders of a liquidated company?

Shareholders shall have the obligation to appoint a liquidator to carry out the liquidation process in the general meeting of shareholders approving the liquidation. If there is no appointed liquidator, the Board of Directors shall act as the liquidator.

Creditors shall have the rights to submit their claims within a period of two years as of the date of the liquidation announcement in the newspaper. Creditors may only file their claims if there is a liquidation proceeds available for shareholders. If the proceeds have been distributed to shareholders, the shareholders shall have the obligation to return the proceeds to the liquidator to satisfy the claims from the creditors in proportional amount.

Who can be the liquidator of a company?

A liquidator is a person or a company who is appointed or determined through the General Meeting of Shareholders to be the organiser of a liquidation. If the liquidator is not appointed in the liquidation process, the Board of Directors acts as the liquidator. In practice, the appointed liquidator can be a professional person who is an expert in his field (in the sense of someone outside the company’s management structure), but most of the appointed liquidators are the directors of the company.

Are directors personally liable for company debts?

Based on Article 115 Law No. 40 of 2007 on Limited Liability Companies, if the company goes bankrupt or in debts due to an error or negligence of the board of directors and/or board of commissioners and the company’s assets are insufficient to pay all the company’s obligations due to the bankruptcy, then each member of the board of directors and/or board of commissioners is jointly and jointly responsible for the outstanding obligations.

However, if the loss is not resulted from its fault or negligence, Members of the Board of Commissioners shall not be liable over the Company’s debts.

How much does it cost to close a business?

The costs of dissolving a company will vary depending on the costs of auditing assets and corporate debts, as well as notary fees, announcements in newspapers, liquidators, and other additional cost that may appear in the future.

What happens to company assets once the business is closed?

When a company is dissolved as part of the liquidation process, the business is closed permanently. Therefore, the company assets and liabilities are dealt with, and the company is removed from the register at Company Registry. The court also has the right to auction off company assets which are used to cover all debts held.

Ready to get started?

Let our teams cover all requirements for closing your company with finality.

Non-binding & confidential
Not sure where to begin?

Get a free 30-minute consultation on starting and operating your company
in Indonesia.

Puji Gulo, Business development executive

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+62 21 50847809

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Resources

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