Buying 60% of an Indonesian PT: what approvals and filings are needed, and how long does closing usually take?

Question

I’m negotiating to acquire 60% shares in a small PT in Jakarta from two founders. We want to close quickly but I’m unsure about required government notifications, company approvals, and any sector restrictions. What steps should be in the timeline and what documents are typically needed?

Sarvasūkṣma Attorneys at Law · Accepted Answer

That would constitute a takeover of a PT which would require certain pre-take over requirements before doing so. Feel free to contact us for further information.

Buying 60% of an Indonesian PT: what approvals and filings are needed, and how long does closing usually take?

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