Previously, some foreigners registered businesses solely to obtain an investor KITAS and have the opportunity for long-term residence in Bali, as well as for easy entry and exit from the country.
However, times have changed. Over the past year, new visas have emerged that are also suitable for long-term residence in Indonesia, and obtaining them has become much easier.
It's important to understand that if you are the owner of a PT PMA in Indonesia, there are several obligations you need to fulfill.
So, if your company is not actively operating, you plan to switch from an investor KITAS to another visa, such as a remote work KITAS, or you have left the country and no longer intend to conduct business in Indonesia, you need to close the company.
Why is it important to close a company❓
📌 Avoiding fines and tax obligations: An unclosed company remains listed in the registry, and even if it is not operating, you are required to submit financial reports and pay taxes.
📌 Reducing administrative costs: Running a company requires regular administrative procedures. This can include annual audits, reports to various authorities, and license renewals.
📌 Legal security: If your company is registered but not operating, there is a risk of accumulating debts and obligations.
Closing a company in Indonesia is a complex process that requires legal consultation and specific procedures. Our experts are happy to provide you with professional assistance in this process to ensure its successful completion.
🏷️ The cost of closing a PT PMA is from 10,500,000 IDR. The final amount depends on the company's turnover and the state of tax and accounting reports.
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