Company Liquidation in Indonesia

How to Properly Close a Company in Indonesia

What you need to know

Closing a company in Indonesia requires going through the official liquidation procedure, which involves interaction with government bodies, the tax office, a notary and other authorities. Even if the business is no longer operating, the company continues to bear reporting obligations and must comply with legal requirements.

Mistakes or an unfinished liquidation can lead to fines, tax claims and future problems for the shareholders and directors.

Good Luck Group handles the company liquidation process turnkey — from document preparation to obtaining official confirmation of the business closure.

What the service includes

1. Initial company review

We review the company's current status, licences, tax reporting and any outstanding debts.

2. Document preparation

We prepare the document package to start the liquidation procedure and arrange notarisation of the required documents

3. Publication of the liquidation notice

We publish the mandatory notices in accordance with Indonesian law.

4. Tax closure

We handle reconciliation with the tax authorities and the closure of the company's tax obligations.

5. Closing licences and bank accounts

We help terminate permits, licences and corporate bank accounts.

6. Completion of the liquidation

We liaise with government bodies until the company is fully removed from the registry.

7. Obtaining the confirming documents

We hand over to the client the official documents confirming completion of the liquidation.

Upon completion of the procedure you receive:

• an officially liquidated company;

• confirmation of removal from state registries;

• closed tax obligations;

• legal protection from potential claims related to the company's activities after liquidation.

Submit a request

Required documents:

1.the company's constitutional documents (Deed of Establishment and all subsequent amendments)

2.the company's tax number (NPWP)

3.business identification number (NIB)

4.passports of the shareholders and director

5.up-to-date information on the shareholders and directors

6.the company's financial statements

7.the company's tax reports

8.information on any outstanding debts

9.the company's bank details

Frequently asked questions

How long does company liquidation in Indonesia take?

Can a company be liquidated remotely?

Does the bank account need to be closed?

Can a company with tax debts be liquidated?

What happens if you simply stop using the company?

Answer:

The timeline depends on the company's legal form, the state of its tax reporting and its obligations. On average the procedure takes from a few months to a year.

Answer:

Yes. In most cases the procedure can be carried out by power of attorney without the shareholders being personally present in Indonesia.

Answer:

Yes. The corporate bank account must be closed before the liquidation procedure is completed.

Answer:

Yes, but the debts must be settled before the liquidation process is completed.

Answer:

The company will still be considered active and must keep filing reports. This can lead to fines and additional obligations.

Submit a request

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