Company Dissolution in Indonesia

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Exit the Indonesian market is as complex as the setup. We streamline the process of closing your business, ensuring compliance with all legal requirements and minimizing disruptions.

Dissolving a company in Indonesia requires adhering to specific steps and regulations to ensure a smooth and legally compliant closure of your operations. This process, known as liquidation, involves settling all of your company’s financial obligations and debts, as well as distributing any remaining assets. You can appoint a legal consultant, a lawyer, or your company’s Board of Directors to serve as the liquidator, who will be responsible for making public announcements in national newspapers regarding your intention to dissolve the company. The entire dissolution process typically takes between one and one and a half years. Below is a simplified overview of the steps:

Company Dissolution Process

1
General Meeting of Shareholders (GMS)
- Shareholders must agree to dissolve the company through a formal meeting. A liquidator is appointed to oversee the process.
- The minutes of the GMS are drawn up with a notarial deed
2
Public Announcement (Twice)
Within 30 days from the GMS, the liquidator is obliged to announce to the creditor about the dissolution through the newspaper in Indonesia. Creditors have 60 days to submit the bill
3
Ministry of Law and Human Rights Decree on company dissolution
The liquidator and the notary report to the Ministry of Law and Human Rights about the company's dissolution
4
Deactivation of Company's Tax
The company's tax obligations are finalized with the tax office
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Jl. Sunset Road No.777, Seminyak, Kec. Kuta, Kabupaten Badung, Bali 80361
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Jl. Sunset Road No.777, Seminyak, Kec. Kuta, Kabupaten Badung, Bali 80361
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Noble House, 9th Floor, Jl. Mega Kuningan Barat, RT.5/RW.2, Kuningan, Jakarta 12950
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Monday Co-Working
Jl. Toya Ning II, Ungasan, Kec. Kuta Sel., Kabupaten Badung, Bali 80361
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Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.