Julia Kagan Updated March 28, 2022 Reviewed by JeFreda R. Brown What Is a Perseroan Terbatas (PT)? Perseroan Terbatas (PT) is the type of legal entity that a foreign company, foreign Key requirements for PT PMAs. Here are the key requirements for company registration in Indonesia: At least two shareholders. As long as even one share is owned by a foreign shareholder the company is considered a PT PMA. A registered address Many business classifications (KBLI) are in the Negative Investment List (DNI) which limits the maximum allowed foreign ownership. Registering a PT PMA in Indonesia Post Covid-19. It is now much easier to register your business since 2020. Prior to the Covid-19 pandemic, a foreign investor would need to wait up to 2 months to get their company set up and registered. As of last year, the process is much faster, sometimes no more than 1.5 months to complete. The Milestones of Pertamina has started in the 1950s, the Government of the Republic of Indonesia appointed the Army, which later established PT Eksploitasi Tambang Minyak Sumatera Utara to manage oil fields in the Sumatra region. On 10 th December 1957, the Company then changed its name to PT Perusahaan Minyak Nasional, abbreviated to PERMINA Set up process for a PT PMA. Reserve a company name with the Ministry of Law and Human Rights (which should not be similar to the name of other companies or contain vulgar language), Further the company name shall consist of three words and can be in English. Determine the industrial business classification code (KBLI) based on the intended Company Name: PT Elsewedy Electric Indonesia (Part of Elsewedy Holding Transformers LLC) Head Office. Title. PT Elsewedy Electric Indonesia. Address. Alamanda Tower, 18th Floor Jl. TB Simatupang Kav 22 - 23, Cilandak Barat, Jakarta 12430, INDONESIA. Tel. +62 21 2966 0055. Fax +62 21 2966 0054. Email. Understanding PT and CV. To know the difference between PT and CV, we should first identify the meaning of the two types of business entities. 1. Limited Liability Company (PT) Limited Liability Company, or what is often called PT (in Indonesia), is a type of legal entity in the form of a capital partnership and is established based on an UU PT (Limited Liability Company Law): This law is the primary law governing limited liability companies in Indonesia. It was enacted in 1995 and has since been amended several times. The law sets out the requirements for establishing and operating a limited liability company, including a PT PMA. The difference between PT and CV in Indonesia. In Indonesia, business owners, both individuals and corporations, are obliged to have a number of permissions as evidence of the legitimacy of their enterprise. It is simple to verify the company name via the website AHU is a government service administered by the Directorate Banner image: Palm oil concession of plantation company PT Mamuang, a member of the Astra Agro Lestari group, which is embroiled in land conflict with local communities in Central Sulawesi, Indonesia. KH10F1W.