What Happens to Your PBG When a Business is Shut Down?
In the landscape of Indonesian corporate law, the transition from the old IMB (Building Construction Permit) to the current PBG (Persetujuan Bangunan Gedung) marks a shift toward a more centralized and integrated building management system. When a company undergoes liquidation and formal closure, the focus is often on the Taxpayer Identification Number (NPWP) or the […]
How to Legally Close Your Company in Indonesia
Closing a business in Indonesia is a significant legal undertaking that involves more than just ceasing operations or shutting down an office. It is a formal, regulated procedure known as liquidation, which ensures that all corporate obligations to the state, employees, and creditors are fully settled. Under the Indonesian legal framework, a company’s legal entity […]