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Compliance

It doesn’t matter where you are in the world, when you’re doing business you need to follow rules and regulations. And our team of experienced professionals is here to help you do just that.

We keep ourselves up-to-date with Indonesia’s fast changing business climate so you don’t have to.

Our compliance services include background checks and due diligence as well as ensuring your documentation, agreements and contracts are all in order and relevant to your specific business needs. This includes keeping you abreast of the latest changes and updates issued from the government around employment and labour laws in Indonesia.

Background Checks

If you need help conducting Background Checks and Due Diligence before you enter into...

Due Diligence

These days it’s super important to conduct Background Checks and Due Diligence before you enter into any legally binding arrangement and we highly recommend you make the effort.

 

Doing these checks will help you assess any historical and outstanding issues (especially financial), the current state-of-affairs and the future potential your investment is likely to have.

 

Our Due Diligence and Background Checks take anywhere from 1 to 2 weeks. We submit a detailed and confidential report, which evaluates risk, summarizes business highlights, identifies third-party involvement, uncovers financial status and history, assesses management and director structures, and reveals business relationships and reputation.

 

If you need Due Diligence and Background Checks for your business or investment in Indonesia, please feel free to get in touch today.

Business Documents

A successfully established business in Indonesia needs specific documentation...

Business Documents
If you’ve successfully established a business in Indonesia you should have:
  1. An Article of Association (AKTA)
  2. A Deed of Establishment (SK)
  3. A Company Tax ID (NPWP)
  4. A Domicile Letter (SKTU)
  5. A Business License Number (NIB)
In addition you’ll also need specific documents related to your specific area of business. These fall under something called KBLI (Klasifikasi Baku Lapangan Usaha), which is a standard classification structure for economic activities, business fields and activities that produce products as well as output in the form of goods and services. Your business documents should include:
  1. Your company identity (the name and address)
  2. Your stakeholder structure (who are the Directors, Commissioner and Shareholders)
  3. What your business activities are going to be
  4. And your company’s capital
Situations can change however, and businesses often find themselves adapting to those changes. Maybe you want to bid for a tender or hire more expatriates or abide by the occasional changes the government requires with its systems. When this happens you’re going to have to update some of your documentation as well. These are the most common changes that we see. Change of identity If you change your company name or address, you’re going to have to update all of your documents. If you move from Jakarta to Bali for example, you’ll need to take into account that you report to a different tax office. Making a change in tax offices in different cities can take up to 2-months. If you stay in the same city it’s usually just a month. Change of Directors, Commissioners and Shareholders Any changes to shareholders and commissioners means you’ll have to update your Articles of Association (AKTA) and your Deed of Establishment (SK). This takes about three weeks. If you want to change the name of the company’s Directors, all documents must be revised, and this takes about four weeks. Changing your business activities Again, changing or adding to, your business activities is possible to do, but you’ll have to update all of your documentation. You might also have to get different licenses depending on what changes you’ve made to the business. Updating the documents for a change in business activities takes about four weeks. Changing company capital Sometimes businesses have to adjust their company’s capital. In these cases you’ll have to update your Articles of Association (AKTA), your Deed of Establishment (SK) and your Business License Number (NIB). Making these capital adjustments takes about four weeks. Feel free to get in touch if you’d like more information or if you’d like to discuss how we can assist you keep your company documentation updated.

Checking Agreement

We offer you a service that checks your existing agreements and contracts...

Checking Agreement

You need to make sure that any legal agreement you sign in Indonesia actually covers you or your business and is actually enforceable under the law.

 

With that in mind, we’re happy to offer you a service that checks your existing agreements and contracts and helps you draft any new ones that best suit your specific needs.

 

Most of our clients come to use to check or draft Sales and Purchase Agreements, Lease Agreements or Loan Agreements, but we are able to assist with others you may have.

 

If you want to be sure your personal or business agreements are legal and binding please feel free to get in touch today.

Employment Law

We'll keep you abreast of the latest changes and updates issued from the government around employment...

Employment Law

Indonesia’s employment laws are widely considered to be some of the most ’employee-friendly’ in Southeast Asia, which the government believes is slowing down foreign investment into the country. And that’s why they are being reviewed and are most likely to change significantly.

 

Most observers see the most important changes to address:

  • severance pay
  • the minimum wage
  • maternity leave entitlements
  • working hours
  • outsourcing arrangements

It’s worth noting these revisions have yet to be agreed upon and implemented, as they are being challenged by workers and labour unions.

 

That’s why it makes sense to use Seven Stones Indonesia to keep abreast of the latest changes and updates issued from the government around employment and labour laws as you will be held liable if your business ignores them.

 

We can liaise with your Human Resource team to assist in drafting and restructuring employment agreements, your company regulations, and employee notifications such as warning and termination letters.

 

If you want help understanding the latest employment and labour regulations please feel free to get in touch today.

Legal Consultations

Perceptions of law change from country to country, and what may be acceptable where you're from...

Legal Consultations

If you’re living in Indonesia and/ or doing business here you need to make sure you’re not breaking the law.

 

This isn’t always as obvious as it sounds because laws (and their perceptions and interpretations) change from country to country, and what may be acceptable where you come from, may not be legal in Indonesia.

 

That’s why having someone to talk to and offer legal consultations is a must, and why we can offer you a range of legal services and consultations on Indonesian Law through a dedicated team of legal professionals.

 

We know buying, renting or leasing land and property in Bali in line with rules and regulations can be a daunting prospect … and that’s why our Seven Stones Legal Team is here to help you.

 

We are a dedicated, in-house group of professional, qualified and experienced legal experts with a mission is to make your Bali business journey a memorable one, for all the right reasons!

 

Our skill sets, interests and networks cover every legality related to real estate in Bali, from setting up a company and having the right visa to making sure you have the right building permit and operating licenses to run a business in the right part of town.

 

Our expert team is both professional and caring. And they keep themselves (as well as the rest of us!) up-to-date with Indonesian Law, especially when it comes to the following:

  • company set ups.
  • a full range of land and property legalities.
  • immigration and visas.
  • investments and business acquisition.
  • debt recovery.intellectual property rights and,
  • family and matrimonial law

Many of our clients already have established businesses in Bali and most of them own land and property. Quite a lot of them also believe they’ve done things correctly in the eyes of the law – but a closer look reveals they haven’t.

 

Not because they’re deliberately trying to break the law or cut corners, simply because they haven’t been given the right advice.

 

If you want to be sure your property investment or business in Bali (and beyond) follows all of the correct rules and regulations you might want to get in touch.

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