Allowed foreign ownership and corporate structure
Indonesian corporate law does not state a common allowed foreign ownership for all businesses. Instead the foreign ownership is regulated by the Negative Investment List and limitations are based on business classification
Business classification
Investment application must clearly state the planned business activities and this is the basis for the business classification. The allowed ownership varies from completely open to completely closed to foreign investment. Indosight consultant will advise you on the exact regulations concerning your activities.
At least two shareholders
Regardless of the industry, each company must have at least two shareholders. Those can be both individuals and corporate shareholders.
At least one commissioner and director
In addition to the shareholders, company must have at least one commissioner (essentially a chairman) and director. Those can be the same as shareholders but don’t have to be. Indosighht also provides the commissioner and director service if required.