PasarPolis is the leading Insuretech company in Southeast Asia and the only company jointly invested by three Unicorns in Indonesia, Go-Jek, Tokopedia, and Traveloka working to enable consumers to be protected. Offers customised tailor made insurance products via B2B strategic partnerships and direct to consumers. Entity Type 1 - Limited Liability Company (Perseroan Terbatas) Entity Type 2 - Foreign-owned Limited Liability (Penanaman Modal Asing) Entity Type 3 - Nominee Limited Liability reducing incorporation timelines. Entity Type 4 - Representative office. Entity Type 5 - Public Company (Perum and Persero) Doing business in Indonesia - Do 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. 1. Local Company / Perseroan Terbatas (PT) PT is also known as a limited liability company which is a legal entity to run a business that consists of capital shares. It is the most common business entity in Indonesia's market as it has a small capital requirement for start-ups, and it has a faster set-up time as compared to foreign companies The Indonesian Company Law allows a general shareholders' meeting (GMS) to be held by teleconference, video conference or any other electronic means. In addition, a PT's Articles of Association (AOA) can permit shareholders to adopt a resolution without convening a GMS, namely by way of a Unanimous Written Resolution of Shareholders (UWRS Perseroan Terbatas ("PT") is a limited liability company that is established under Indonesian law. The capital of a limited liability company is divided into shares and the responsibility of shareholders is based on the number of shares that he or she has. There are two types of limited companies, namely a closed PT and an open PT. A closed PT is one whose shareholders are limited, for example among families. An open PT (often called PT going public) is a PT whose common shares are sold to the public. The characteristics of a limited company (PT): Main goal is profit Step 1: Apply for a company name. Check your desired company name is available - you can use our free company name checker to do so here! If the name is available, you may proceed to apply and register for your desired company name with the Ministry of Law and Human Rights. iNT35TI.