Closing a PT PMA Company

Closing a PT PMA (foreign investment company) may be necessary if the owners lose motivation or interest in continuing the business that once drove them to start the company.

There are several reasons why this decision might be made:

• Preventing financial losses

• Inactive operations

• Revising business plans

• Legislative changes impacting the business (e.g., formerly legal activities becoming prohibited)

• Decreased market demand

When these or other challenges arise, the founders may choose to liquidate the company. Our specialists are here to guide you through this complex, time-consuming process and ensure a smooth and successful closure.

Cost

The cost to close a PT PMA starts at 10,500,000 IDR. The final amount may vary based on the company's revenue and the condition of its tax and accounting records. If the tax filings and financial records are incomplete, disorganized, or missing information, additional work may be required to address these issues, which could increase the overall cost.

Closure Process and Timeline

The process of closing a PT PMA involves three key steps:

1. Resolution and Registration (2 weeks): The founders must pass and register a resolution to liquidate the company with the Ministry of Justice. A notice of liquidation is then published in a newspaper.

2. Revocation of NIB (2 weeks): The Business Identification Number (NIB) will be officially revoked. Once the NIB is revoked, the company is considered officially closed, and you will receive the necessary documentation.

3. Cancellation of NPWP (6–12 months): The NPWP (Tax Identification Number) is canceled, a process managed by our tax specialists. Once the tax authorities confirm that there are no outstanding tax obligations, they will finalize the NPWP cancellation. If any taxes are due, they must be paid.

Important Note: At any stage of this process, the company’s director may be summoned by government authorities for clarification and should be prepared to travel to Indonesia if needed.

Requirements for Closing a PT PMA Company

1. Deed of Establishment

2. Decree of the Minister of Justice and Human Rights of the Republic of Indonesia — SK (Decree of the Minister of Justice) approving the company's establishment

3. AHU Data — Company information from AHU

4. NPWP — Company’s tax identification number

5. PKKPR — Safety, Health, and Housing Management Permit

6. Certificate of Standard (if applicable)

7. NIB — Business License

8. Company Letterhead and Stamp

9. Director’s ID — If Indonesian; photo/scan of the director’s passport and KITAS — if foreign

10. OSS ONLINE Login and Password (if available)

11. Photo/Scan of All Founders' Passports

If changes were made from the company's registration date

• Amendment Deed (Akta Perubahan)

• Approval of Amendments (SK Perubahan)

• Change of Company Profile

Additional data (if available)

• DJP System Login and Password

• NPWPD System Login and Password

• Company’s EFIN

• Director’s EFIN

• Director’s NPWP

• All Submitted Tax and Accounting Reports from the date of the company’s registration

If reports need to be filed, also provide the following documents, covering the entire period from the company’s registration date

• Bank Statements

• Expense Details

• Income Details

Contact us for details