Company Dissolution

Company Dissolution in Indonesia

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.
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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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