Closing your Indonesian business requires following the official procedure when you cease operations.
The initial step in dissolving a company in Indonesia involves removing its legal entity status. Therefore, upon declaring dissolution, a company must legally cease all operations.
By having legal, tax and accounting experts from LMI Consultancy, we provide a one-stop service for company dissolution. We will ensure that all perspectives will be covered during the process for the benefit of clients so the company can be dissolved correctly and in an orderly way.
During liquidation, the distribution of assets among creditors and shareholders follows a specific hierarchy based on the priority of their claims, just like the following list:
Established in 2016, LMI Consultancy has been supporting countless individuals in understanding the intricacies of visas, business setup, tax & accounting, and property investment in Indonesia, providing a comprehensive and dependable service.
We take pride in being an ethical and innovative company that places a strong emphasis on exceptional customer service and strives to set a new standard in our industry, guaranteeing a smooth and encouraging experience for our clients.
It may take up to two years to complete the liquidation.
The shareholders’ responsibility is to appoint a liquidator to handle the liquidation at the general meeting where the liquidation is approved. Should no liquidator be appointed, the Board of Directors will serve in that capacity.
An appointed person or company, known as a liquidator, handles the liquidation process as determined by the General Meeting of Shareholders. Typically, the appointed liquidator is a company director, though an independent expert could also serve.
Disclaimer : Our services in LMI Consultancy provide consulting services focused on ensuring client compliance with applicable immigration and legal regulations in Indonesia. We do not provide or facilitate the production of official government documents, nor do we offer any expedited or preferential access to government services.
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